Smart Education Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR40431
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The smart education market share is expected to increase by USD 133.47 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 18.82%.

This smart education market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers smart education market segmentation by product (content, software, and hardware), end-user (higher education and K-12 schools), and geography (APAC, Europe, North America, South America, and MEA). The smart education market report also offers information on several market vendors, including Adobe Inc., Blackboard Inc., Cisco Systems Inc., D2L Corp., Dell Technologies Inc., Discovery Education Inc., Ellucian Co. LP, Instructure Inc., Pearson Plc, and Samsung Electronics Co. Ltd. among others.

What will the Smart Education Market Size be During the Forecast Period?

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Smart Education Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increased employment prospects are notably driving the smart learning market growth, although factors such as budget constraints in emerging countries may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart education industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Smart Education Market Driver

Educational institutions are increasingly adopting advanced learning methodologies such as smart education to sharpen the employment prospects of students. The global workforce requirement scenario is facing issues of demand and supply gap, as graduate and post-graduate students lack industry-specific skills and hence, require training. As a result, institutions are focusing on imparting industry-related skills to students so that they can be competent as per industry requirements. The increased demand for education technology products can be attributed to the greater emphasis laid on STEM-based education. The demand for training and educating healthcare professionals in a smart education environment is rising due to the increasing demand for specialist healthcare workers such as physiotherapists and nurses. Hence, the scope for training and education of students opting for allied healthcare as their career is immense. As a result, the increasing employment opportunities will drive the growth of the smart education market.

Key Smart Education Market Challenge

The purchase, as well as the maintenance of these devices, takes a toll on the budgets allocated to schools. Institutions providing smart education are facing challenges related to adequate financial support. Although smart education offers several learning benefits, institutions need to take care of the procurement costs and hardware systems such as classroom wearables and projectors that are expensive. The hardware system procurement is also not uniform across countries, as emerging countries lack the required capital to install them. Educational institutions with limited budgets may not be able to invest heavily in the implementation as well as maintenance of smart software solutions such as LMS, thus, limiting the market growth. Such budget constraints will result in the slow adoption of smart education systems in emerging countries, particularly in the APAC and MEA.

This smart education market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Smart Education Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Adobe Inc.
  • Blackboard Inc.
  • Cisco Systems Inc.
  • D2L Corp.
  • Dell Technologies Inc.
  • Discovery Education Inc.
  • Ellucian Co. LP
  • Instructure Inc.
  • Pearson Plc
  • Samsung Electronics Co. Ltd.

 

This statistical study of the smart education market encompasses successful business strategies deployed by the key vendors. The smart learning market is fragmented and the vendors are deploying growth strategies such as acquiring regional or local vendors to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The smart education market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Smart Education Market?

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43% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for smart education in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The education industry in this region, especially India, Japan, and China, is evolving rapidly with regard to the adoption of advanced educational tools and technologies. This will facilitate the smart education market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Smart Education Market?

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The smart education market share growth by the content segment will be significant during the forecast period. The content segment is expected to witness gradual growth over the forecast period owing to the rising number of social learning platforms garnering traction among educators and students. The learning process of students can be enhanced with the help of online content, as the content is not restricted to the school syllabus. Features such as edit, highlight, and notes are further facilitating the incorporation of online content. The growing market for online content has compelled leading publishers such as Pearson Education, MacMillan Publishers, and McGraw-Hill Education to offer digitized versions of their textbooks. Further, online contents help institutions reduce costs related to textbook procurement.

This report provides an accurate prediction of the contribution of all the segments to the growth of the smart learning market size and actionable market insights on post COVID-19 impact on each segment.

 

Smart Education Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 18.82%

Market growth 2021-2025

$ 133.47 billion

Market structure

Fragmented

YoY growth (%)

19.99

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 43%

Key consumer countries

US, UK, Germany, China, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Adobe Inc., Blackboard Inc., Cisco Systems Inc., D2L Corp., Dell Technologies Inc., Discovery Education Inc., Ellucian Co. LP, Instructure Inc., Pearson Plc, and Samsung Electronics Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Smart Education Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive smart education market growth during the next five years
  • Precise estimation of the smart education market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart learning industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart learning market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces analysis
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Content - Market size and forecast 2020-2025
    • Software - Market size and forecast 2020-2025
    • Hardware - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Higher education - Market size and forecast 2020-2025
    • K-12 schools - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Adobe Inc.
      • Blackboard Inc.
      • Cisco Systems Inc.
      • D2L Corp.
      • Dell Technologies Inc.
      • Discovery Education Inc.
      • Ellucian Co. LP
      • Instructure Inc.
      • Pearson Plc
      • Samsung Electronics Co. Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The smart education market growth will increase by $133.47 billion during 2020-2025.
      The smart education market is expected to grow at a CAGR of 18.82% during 2020-2025.
      Technavio has segmented the smart education market by product (Content, Software, and Hardware) and geographic (APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA).
      Adobe Inc., Blackboard Inc., Cisco Systems Inc., D2L Corp., Dell Technologies Inc., Discovery Education Inc., Ellucian Co. LP, Instructure Inc., Pearson Plc, Samsung Electronics Co. Ltd. are a few of the key vendors in the smart education market.
      APAC will register the highest growth rate of 43.20% among the other regions. Therefore, the smart education market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the smart education market growth are:
      • Increased employment prospects
      • Continuous focus on new product development
      The smart education market vendors should focus on grabbing business opportunities from the content segment as it accounted for the largest market share in the base year.
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