Smart education market size records 13.1% year-on-year growth, with rising employment prospects boosting market growth

New York, October 12, 2022 /PRNewswire/ — Products (content, software and hardware), end users (higher education and K-12 schools) and geographies (APAC, Europe, North America, South AmericaWhen middle east When Africa) – Forecast and Analysis 2022-2026 report has been added to Technavio’s products. Here are the potential growth differences for the Smart Education market size in 2021 and 2026: US$1583.7 billion. To get accurate annual growth variance and YOY growth, request a free PDF sample report.

Key market dynamics

• Market drivers: Rising employment prospects are boosting the growth of the smart education market. There is a large supply and demand gap in employment as students lack industry-specific skills. Therefore, educational institutions are adopting advanced learning methods such as smart education to improve the job prospects of their students. They focus on providing students with industry-relevant skills so that they can train according to industry requirements. The increased focus on STEM-based education has increased the demand for educational technology products. These factors are boosting the growth of the market.

• Market challenges: budget constraints We are challenging the growth of the smart education market. Purchasing and maintaining smart educational devices is expensive. Many educational institutions that provide smart education do not have sufficient financial support. They need to procure expensive hardware systems such as classroom wearables and projectors. Additionally, institutions in emerging countries lack the capital needed to install these products. These institutions may not be able to make significant investments in implementing and maintaining smart software solutions such as LMS. These factors limit the growth of the market during the forecast period.

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market segmentation

By product, content The segment will be the largest contributor to market growth during the forecast period. Content plays a key role in traditional and online classroom learning environments. In online education setups, content is presented in a variety of formats apart from traditional text formats. Institutions source several types of digital content in the form of graphics, text, and video to provide an engaging classroom environment for students. As such, educational institutions are incorporating online content into their teaching and learning methodologies. Such advantages of content drive market growth during the forecast period.

story continues

Asia Pacific It will be the major region accounting for 44% of the market growth during the forecast period. China When India It is the leading country in the regional smart education market.

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some companies mentioned

• Adobe Inc.

• Anthology Inc.

• Cisco Systems, Inc.

• Cornerstone On Demand Co., Ltd.

• D2L Inc.

• Dell Technologies, Inc.

• Discovery Education Co., Ltd.

• Echo360 Inc.

• Educomp Solutions Co., Ltd.

• Ellucian Co. LP

• Infrastructure Co., Ltd.

• International Business Machines Corporation

• Jenzabar

• NIIT Co., Ltd.

• Pearson Plc

• Promethean Co., Ltd.

• Samsung Electronics Co., Ltd.

• Smart Technologies ULC

• Think and Learn Pvt.

• Unit 4 NV

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main topic

1.executive summary

2 Market outlook

3 Market size

4 Five Forces Analysis

5 Market Segmentation by Product

6 Market Segmentation by End User

7 Customer Situation

8 Geographical landscape

9 Factors, Challenges and Trends

10 vendor landscape

11 vendor analysis

12 Appendix

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