Younger generation of today is largely influenced by
revolutions in information technology. Growing influence of digitization and
its various forms like social media, internet, gamification and other such
advanced tools are capable to influence the youth in a better way. Digitization
has also brought essential and experiential changes in the education sector.
Growing demand and awareness towards technological advancements are driving the
smart education and learning market. Educational institutes are taking extra
efforts to add digital content in learning modes in order to create sensory
encouragement. Apart from bringing positive changes in the learning modes,
smart education technology also helps in other administrative tasks and office
processes.
Segmentation
Smart education and learning technology market is segmented
based on the types of learning modes, applications, products and demand for the
technology across various geographical regions. The types of smart learning
modes include self-paced e-learning, mobile learning, virtual classrooms and
webinars, social learning, game-based learning, collaboration-based learning
and stimulation-based learning. All these modes are available in the form of
different products that include hardware, software, content and different types
of devices. Smart learning and education market applications range in
healthcare, government, enterprises, business education, higher education and
pre-K-12. The industry is segmented based on geographical regions, which
include North America, Asia Pacific, Europe, Middle East & Africa and rest
of the world.
Forecasting
Additions of advanced technologies like gesture support and
augmented reality are expected to pose positive influence on smart education
and learning market, which is already growing at a healthy rate. Based on the
current trends in different segments of the industry, researchers claim the
market to grow at over 20% of CAGR from 2012 to 2017. At this rate, the market
is poised to witness inbound revenue and increasing business opportunities. In
terms of revenue, the industry is expected to become worth $220.0 billion by
2017. The market was poised at $73.8 billion in 2011. Asia Pacific and
countries from rest of the world are expected to be the emerging markets for
smart education technologies. However, Europe and North America will also
retain their healthy growth in the near future.
While services segment is expected to lead the global
market, education centers and software programs segments are also expected to
maintain healthy growth rate throughout the research time frame (2012 to 2017).
Increasing demand and development of emerging markets including BRICS
countries, rising awareness towards digitization and its advantages and
technological advancements, etc. are some strong drivers for the industry,
which is eyeing a secured future.
Summary: Smart
education and learning market will grow at over 20% until 2017. Rising demand,
technological advancement and innovation in digitization are major drivers.
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