MarketsandMarkets forecasts the global Smart Learning Market size to grow from USD 36.7 billion in 2021 to USD 95.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 21.0% during the forecast period. The rising significance of online-based learning in various economies, the increasing urbanization in emerging and developed economies, coupled with a growing middle-class population, and the increasing adoption of advanced technologies to make the learning experience more interactive and engaging are key factors for the growth of Smart leaning market.
By Component, the Hardware segment to hold the larger market size during the forecast period
The Hardware segment of the Smart Learning Market is projected to hold the larger market size in 2021. The Smart Learning market consists of hardware such as tablets, smartphones, laptops, personal digital assistants (PDAs), and notebooks, which help learners and teachers communicate using devices. The hardware segment is further classified into four sub-segments, namely interactive displays, interactive whiteboards, smartboards, and other hardware.
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By Standalone Solutions, the LMS/LCMS segment to record the highest market size in 2021
Under the Standalone Solutions segment, the Learning Management System (LMS)/Learning Content Management System (LCMS) segment is expected to dominate the market during the forecast period. They solutions allow institutions to access educational content online, thereby enabling students to view materials using the web browser. LMS also includes features such as course management, test and assessment, and performance management for an efficient learning experience.
The key and emerging market players in the Smart Learning market include Blackboard (US), IBM (US), Samsung (South Korea), SMART Technologies (US), Adobe (US), Microsoft (US), Oracle (US), SAP (Germany), Google (US), BenQ (Taiwan), Cornerstone OnDemand (US), Pearson (UK), McGraw Hill (US), Cisco (US), Huawei (China), D2L (Canada), CrossKnowledge (France), Newrow (US), Ellucian (US), UpsideLMS (India), Edsys (India), Echo360 (US), Instructure (US), eCourseWiz (India), SkyPrep (Canada), Paradiso Solutions (US), Latitude CG (US), Knowledge Anywhere (US). These players have adopted various strategies to grow in the global Smart Learning market.
Blackboard is one of the leading providers of smart learning solutions. The company offers its solutions to K-12 institutions, higher education institutes, and government organizations. Blackboards strong portfolio includes Blackboard Learn, Blackboard Collaboration, Blackboard Ally, Blackboard, App, Blackboard Instructor, Blackboard, Unite, and Blackboard SafeAssign. In June 2021, Blackboard partnered with K16 Solutions to help Blackboard’s clients transition from Blackboard Learn to Blackboard Learn Ultra.
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SMART Technologies is a leading provider of technology solutions that enable collaborations in schools and workplaces. The company offers products such as SMART Board interactive flat panel, interactive flat panels, SMART Board interactive whiteboards, and SMART Notebook collaborative learning software. In February 2021, SMART Technologies launched new enhancements for their SMART Learning Suite software. The new enhancements would help teachers to customize activities and improve connections with students.
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