COVID-19 Impact: Factors Influencing the growth of Smart Learning Market

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Our study helps to acquire the following:

• Long-term and short-term impact of Covid-19 on the market

• Cascading impact of Covid-19 on Smart Learning Market, due to the impact on its extended ecosystem

• Understanding the market behaviour Pre- and Post-COVID-19 pandemic

• Strategy suggestions to overcome the negative impact or turn the positive impact into an opportunity

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Pre COVID-19 Analysis on Smart Learning Market

Smart Learning Market Drivers: Growing acceptance of e-learning in academic & corporate sectors along with technological improvements in smart education is the major driver for the global smart learning market growth. In addition, smart learning has observed a growth in its adoption due to several benefits including convenience and improved focus of learners. Moreover, it has empowered both students and teachers to enhance their efficiency and productivity. These abovementioned factors will boost the market growth in the projected time. In addition, growing trend of emergence of bring your own devices (BYOD) is estimated to rise the implementation of smart education and learning platforms, creating growth opportunities in the global market. Furthermore, growing number of virtual schools across the globe is also further estimated to fuel the market growth in the coming years.However, heavy investments are needed for implementation of advanced teaching technologies, which is a major restraining factor for the growth of the smart learning market.

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Smart Learning Market Segmentation by Component

• Hardware

• Software

• Services

Growing adoption of most advanced technologies is a major driving factor for the global smart learning market @ https://www.researchdive.com/download-sample/133

Software component segment registered the highest global smart learning market share in 2018; it was valued at $7,898.8 million and is projected to generate a revenue of $33,009.7 million till 2026. Software based online platforms provide digital classrooms with enabled virtual reality, and this softwareis widely being used in smart schools and emerging educational institutions.This factor is projected to drive the smart learning market growth in the coming years. Services component segment will garner up to $19,286.6 million in 2026 and is anticipated to grow at a health rate of 19.4% CAGR during the forecast timeframe.

Smart Learning Market Segmentation by Learning Type

• Synchronous Learning

• Asynchronous Learning

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Asynchronous segment will witness to grow at a rate of 20.6% CAGR and is projected to generate a revenue of $37,905.5 million by the end of 2026. Asynchronous learning can enable student & teacher collaborations and is available in both offline and online modes; this aspect will further help to enhance the market size in the forecast period. Synchronous segment accounted for evident market share in 2018 and is projected to experience a healthy growth throughout the projected time. This growth is attributed to major benefits of synchronous learning such as classroom engagement, dynamic learning and enabling regular & frequent interactionof students with professors.

Smart Learning Market Segmentation by End User

The smart learning market for enterprise segment will experience a noteworthy growth and will reach up to $35,160.9 million by 2026, growing with a significant rate of 21.5% CAGR. Most of the multinational enterprises are increasing adoption of smart learning tools to train and employees, thereby reducing their total expenditure because such enterprises are located at several places. The market for academic segment held the highest smart learning market size and is projected to generate a revenue of $39,273.6 million till 2026 with a 17.4% CAGR. Growing demand for online learning tools in the academic segment and increasing adoption of smart learning tools by most of the educational institutes is anticipated to impel the academic smart learning market growth in the projected time.

Key Players

• IBM (NYSE: IBM)

• SAP (ETR: SAP)

• Cornerstone (NASDAQ: CSOD)

• Alphabet (NASDAQ: GOOGL)

• Adobe (NASDAQ: ADBE)

• Oracle (NYSE: ORCL)

• Microsoft (NASDAQ: MSFT)

• Blackboard Inc.

• Huawei Technologies Co., Ltd

• McGraw-Hill

• SMART Technologies ULC

• Saba Software

• SAMSUNG

• BenQ

• Pearson

• CrossKnowledge

North America held largest smart learning market share in 2018, which was over 32.0% and is predicted to retainits dominance over the global market throughout the forecast time. The growth is attributed to the presence of well-established education infrastructure along with significant manufacturers in the North America. In addition, significant rise in the number of mobile education applications along with rapid growth in the technological innovations due to internet penetrations is projected to boost the market growth in the coming years. Asia-Pacific market is anticipated to generate significant revenue and is anticipated to reach up to $17,654.6 million by the 2026. Growing awareness about digital education platforms delivering massive support for the implementation of smart learning process by the educational organizations is estimated to boost the market growth in Asia-Pacific.

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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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