Smart Education Software Market by Product and Geography - Forecast and Analysis 2022-2026

The smart education software market share is expected to increase to USD 33.53 trillion from 2021 to 2026, at a CAGR of 16.39%.

This smart education software 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 software market segmentation by product (content, learning, and assessment) and geography (North America, APAC, Europe, South America, and Middle East and Africa). The smart education software market report also offers information on several market vendors, including Adobe Inc., Anthology Inc., Apollo Asset Management Inc., Cisco Systems Inc., Cornerstone OnDemand Inc., D2L Corp., Educomp Solutions Ltd., Ellucian Co. LP, Hon Hai Precision Industry Co. Ltd., John Wiley and Sons Inc., MPS Ltd., NIIT Ltd., Oracle Corp., Pearson Plc, Promethean Ltd., SAP SE, Scholastic Corp., Skillsoft Ltd., Thoma Bravo LP, and NetDragon Websoft Holdings Ltd among others.

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

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Smart Education Software Market: Key Drivers, Trends, and Challenges

The growing adoption of e-learning is notably driving the smart education software market growth, although factors such as the high implementation cost of smart infrastructure 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 software 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 Software Market Driver

• One of the key factors driving growth in the smart education software market is the growing adoption of E-learning.
• The improved digital infrastructure and high penetration of the Internet have increased the preference for e-learning over traditional education because of the benefits it provides in terms of flexibility of time and place in content accessibility and scope for customization, of course.
• North America has the highest Internet penetration worldwide, and APAC has the highest number of Internet users worldwide. This kind of Internet penetration has increased accessibility to e-learning and is fueling the growth of the global online education market.
• E-learning is an advantage for working professionals as they are one of the prominent users of e-learning for skill development.
• The increased availability of skill development courses in an online format has made it easy for them to include them in their schedule. Therefore, increased Internet penetration and a huge demand for e-learning are fueling the growth of the online education market.

Key Smart Education Software Market Trend

• The increasing adoption of cloud based software is a smart education software market trend that is expected to have a positive impact in the coming years.
• An increasing number of vendors in the online education market are offering smart education software based on cloud services.
• The major advantage of cloud-based services is that they eliminate costs associated with server deployment, infrastructure, software maintenance, and support; they only involve a one-time upfront capital investment to set up the servers.
• With services based on the cloud, institutions need to install software solutions such as LMS, LCMS, or ERP on their servers hence making the whole implementation more cost-effective by reducing repeated costs of software upgrades and maintenance. This cost advantage has led to increased adoption of cloud-based smart education software in countries like Africa and in countries in APAC.
• The high adoption of tablets and smartphones which enables better integration and improved accessibility to smart education is another major factor supporting the increased adoption of cloud-based software solutions.

Key Smart Education Software Market Challenge

• The high implementation cost of smart infrastructure will be a major challenge for the smart education software market during the forecast period.
• Although smart education software has increased the engagement level of individuals, it involves high costs associated with infrastructure and software development.
• The cost implication is high, as online education based on software is not a one-time cost; due to recurring software upgrades, the cost will be incurred periodically. This makes the users reluctant to adopt smart education software.
• The negative impact has been primarily observed in developing or underdeveloped countries such as Africa and many countries in APAC, where budget allocation for education is comparatively lower compared with the US and the UK. Therefore, the high costs related to infrastructure and software upgrades is a major challenge for the market, leading to slow growth in developing regions.

This smart education software 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 2022-2026.

Parent Market Analysis

Technavio categorizes the global smart education software market as a part of the global IT consulting and other services market within the global IT services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the smart education software market during the forecast period.

Who are the Major Smart Education Software Market Vendors?

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

 

• Adobe Inc.
• Anthology Inc.
• Apollo Asset Management Inc.
• Cisco Systems Inc.
• Cornerstone OnDemand Inc.
• D2L Corp.
• Educomp Solutions Ltd.
• Ellucian Co. LP
• Hon Hai Precision Industry Co. Ltd.
• John Wiley and Sons Inc.
• MPS Ltd.
• NIIT Ltd.
• Oracle Corp.
• Pearson Plc
• Promethean Ltd.
• SAP SE
• Scholastic Corp.
• Skillsoft Ltd.
• Thoma Bravo LP
• NetDragon Websoft Holdings Ltd

 

This statistical study of the smart education software market encompasses successful business strategies deployed by the key vendors. The smart education software market is fragmented and the vendors are deploying growth strategies such as frequent technological upgrades and M&A to compete in the market.

Product Insights and News

• adobe.com - The company offers smart education software that includes free learning platform offering instant access to professional development, teaching materials, and other tools designed to ignite creativity in the classroom.

• adobe.com - Through the digital media segment, the company offers products, services, and solutions that enable the customers to create, publish, and promote content from anywhere.

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 software 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.

Smart Education Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the smart education software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Smart Education Software Market?

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47% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for smart education software in North America. Market growth in this region will be faster than the growth of the market in Europe.

The early adoption of online education owing to increased internet penetration and significant penetration of EdTech technologies will facilitate the smart education software market growth in North America 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.

COVID Impact and Recovery Analysis

The COVID-19 pandemic had a favorable influence on the smart education software market in this region in 2020. Owing to the pandemic, governments in many nations around the region-imposed lockdowns in 2020, forcing people to stay at home in order to prevent the virus from spreading. As a result, educational institutions across the region were forced to undertake educational activities online, leading to the widespread use of smart education software across the region. In addition, the increase in usage of the Internet and availability of content over there resulted in surging in competition among peers in this region.

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

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The smart education software market share growth by the content segment will be significant during the forecast period. The content segment leads the global smart education software market owing to advantages such as content flexibility, greater accessibility, and more interactive content such as video-based content. The increasing penetration of the Internet, smartphones, and tablets has further supported the growth of this market.

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

 

Smart Education Software Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 16.39%
Market growth 2022-2026	$ 33.53 tn
Market structure	Fragmented
YoY growth (%)	15.41
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution	North America at 47%
Key consumer countries	US, Canada, China, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Adobe Inc., Anthology Inc., Apollo Asset Management Inc., Cisco Systems Inc., Cornerstone OnDemand Inc., D2L Corp., Educomp Solutions Ltd., Ellucian Co. LP, Hon Hai Precision Industry Co. Ltd., John Wiley and Sons Inc., MPS Ltd., NIIT Ltd., Oracle Corp., Pearson Plc, Promethean Ltd., SAP SE, Scholastic Corp., Skillsoft Ltd., Thoma Bravo LP, and NetDragon Websoft Holdings 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	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive smart education software market growth during the next five years
• Precise estimation of the smart education software market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the smart education software industry across North America, APAC, Europe, South America, and Middle East and Africa
• 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 education software market vendors

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