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The US - Smart Education Market is estimated to grow at a CAGR of 18.69% between 2022 and 2027. The market size is forecast to increase by USD 102.01 billion. The report includes historic market data from 2017 to 2021. It also extensively covers market segmentation by end-user (academics and corporate), and component (service, software, and hardware). This report also includes an in-depth analysis of drivers, trends, and challenges.
The increasing adoption of mobile learning is driving growth in the market. With the increase in the adoption of smartphones and Internet penetration, mobile learning is being incorporated by key players to enhance the delivery of education courses. Mobile learning will allow educators to circumvent time constraints and take advantage of educational material that can be accessed anytime, anywhere. Also, smart education and learning can enhance the partnership between educators by enabling them to share resources and thoughts effectively and easily. Mobile devices are being used more and more by learners to prepare for certification and licensing tests. It is expected that the driver will significantly impact the growth of the US smart education market during the forecast period.
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Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Adobe Inc. - The company offers smart education through Adobe Express and Adobe Photoshop Express used as field trip journals, lab reports, and case study reports.
The US smart education market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
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The market share growth by the academics segment will be significant during the forecast period. Over the years, traditional K-12 education has primarily focused on memorization of information, individual learning, and improvement in smart education and learning, measured by grades attained. Furthermore, there was a restriction and monotony in the curriculum.
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The academic segment showed a gradual increase in the market share of USD 25.64 billion in 2017 and continued to grow by 2021. With the evolution in teaching methods, educators are increasingly considering teaching techniques that involve student engagement and collaboration and employ multimedia and graphic content. To successfully implement these new methods, the training of teachers in the use of digital skills and research supporting information on the effectiveness of various teaching methods is essential.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rise of Education 4.0 is a key trend in the US smart education market. The most recent development on this spectrum of digital industrial technology is Industry 4.0, and it involves the analysis of data gathered from various sources, including machines, technologies, systems, and processes. Education 4.0 is a concept that focuses on innovation, technology, and links to employment and industry.
Moreover, it benefits many stakeholders, including teachers and educators, by giving them to fulfill better with student needs more effectively as it encourages students to utilize the resources available on the Internet and use online courses and other learning resources and learn at any time. Thus, the growing adoption of Industry 4.0 and the development of Education 4.0 in the US smart education market is expected to support the growth of the US smart education market during the forecast period.
The talent gap and lack of effective metrics for smart education system adoption in the market is a major challenge in the market. The adoption of a Smart Education System by enterprises would be negatively influenced by the lack of skilled staff. Education institutes require a skilled workforce with expertise in the areas of digital technologies for the successful deployment and functioning of smart education systems.
However, the lack of the adoption of measurement and evaluation techniques in training programs has led to a major challenge. Few factors hamper the effective deployment of a smart education system. This, in turn, might negatively impact the growth of the US smart education market during the forecast period.
The report includes the adoption lifecycle of the market, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on market penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
US Smart Education Market Customer Landscape
The US smart education market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
US Smart Education Market Scope |
|
Report Coverage |
Details |
Page number |
131 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 18.69% |
Market growth 2023-2027 |
USD 102.01 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
16.05 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Adobe Inc., Alphabet Inc., Anthology Inc., Cengage Learning Holdings II Inc., Chegg Inc., Cisco Systems Inc., Cornerstone OnDemand Inc., D2L Corp., Fujitsu Ltd., Hon Hai Precision Industry Co. Ltd., Instructure Holdings Inc., Intel Corp., International Business Machines Corp., MAXHUB, Meta Platforms Inc., Microsoft Corp., Pearson Plc, Samsung Electronics Co. Ltd., Echo360, and zSpace Inc. |
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, and 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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Component
8 Customer Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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