Smart education and learning is a concept that describes learning in digital format using many advanced technologies such as white boards, projectors and smart notebooks.
Advancements in technologies coupled with increasing preference for technology enabled education practices in developed and developing economies are major factors boosting growth of global smart education and learning market. On the other hand, high initial capital requirement is a major factor hampering the growth of global education and learning market.
On the basis of educational content, the global education and learning market is segmented into audio-based content, text content, and video-based content. The audio-based content segment is anticipated to witness significant growth over the forecast period, and is expected to register a CAGR of XX.X%. Also, video-based content segment is projected to witness moderate growth over the forecast period.
The global education and learning market report has been segmented on the basis of service, educational content, end user, and region. On the basis of region, the global education and learning market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The market in North America accounted for highest share in terms of revenue in the global market, and is projected to maintain its dominance over the forecast period. This can be attributed to increasing adoption of advanced technologies in the region. Revenue from the market in Europe accounted for second-highest share, and is closely followed by the markets in Asia Pacific, Latin America, and Middle East & Africa respectively. This is attributed to growing demand for technology enabled education in the region. Furthermore, the market in Asia Pacific is projected to witness significant growth over the forecast period, and is expected to register a CAGR of XX.X%. This can be attributed to rising demand for advanced technologies and individuals relying on smart learning and education in emerging economies in the region. Also, the markets in Latin America and Middle East & Africa are projected to witness moderate growth over the forecast period.
Prominent players in the global education and learning market include Adobe Systems Incorporated, Edu comp Solutions Ltd., NIIT Limited, Smart Technologies, Inc., Blackboard, Inc., Ellucian Company L.P., Saba Software, Inc., Unit4, Desire2Learn Corporation Ltd., and Cisco Systems, Inc.