Smart Education and Learning Market

Global Smart Education and Learning Market Size (2024 to 2032)

The global smart education and learning market is predicted to reach USD 333.42 billion in 2024 and USD 1,203.20 billion by 2032, growing at a CAGR of 17.4% during the forecast period.

Current Scenario of the Global Smart Education and Learning Market

At present, North America is the leading regional segment in the global smart education and learning market. On the other hand, Asia-Pacific is growing significantly due to the presence of many developing economies and has received an added boost from government-driven initiatives. Technologies such as gamification and microlearning are the driving force behind the growth in the South American market. The conventional educational system as we know it comprises a teacher imparting knowledge to the students. Smart education is revolutionizing this basic idea by introducing a whole new ecosystem of helpful tools in the teaching domain. Anyone planning to enter this innovative sphere would have to be ready to compete with the traditional blackboard and modern-day giants like Cisco Systems, Pearson, and Samsung.

MARKET DRIVERS

Artificial Intelligence of Things (AIoT)

The rise of the Artificial Intelligence of Things (AIoT) is driving the growth of the smart education and learning market. The Internet of Things (IoT) and artificial intelligence significantly improve learning. AIoT is transforming modern education by providing personalised learning, enhanced security, efficient resource and management, and interactive learning. This technology can study student’s learning patterns and personalise their experiences to suit their separate demands, assisting learners in understanding concepts more effectively.

• For instance, in June 2024, ShiMeta, a prominent AIoT enterprise, and Xiaoice reported a strategic collaboration to introduce the ShiMeta digital human solution. This Partnership merges several kinds of virtual human smart interactive large-screen terminals, incorporating the AI large models of Xiaoice and digital human technology with V-Smart’s costly hardware business ecosystem of V-smart.

Rising need for intelligent systems and technologies for education and training

It’s another factor propelling the market growth. Rapid technological advancements, surging urbanization, and digitalization have accelerated the demand for smart learning and training solutions and systems. LMS platforms, for example, Google Classroom and Moodle, give a centralized hub for course communication, assessments, assignments, and materials. They optimise the management of educational content and improve the complete learning experience.

Better communication between hardware vendors and educational content providers. A significant change in mobile learning applications and professional expertise with technology and digital learning. Growth in the interactive display hardware market and active learning. Increased number of government initiatives in developing markets. New techniques often follow unrealistic hype and pledge to alter education for good regarding their transformative strength or to allow more robust instructional possibilities to meet the people.

MARKET RESTRAINTS

Factors such as technological obsolescence, lack of the skill and knowledge to operate the technology, and limited funding by the user segment are impeding the growth of the smart education and learning market.

Limited Funding

One of the major hurdles hindering the market expansion is the existence of financial constraints. These problems encountered by educational establishments generally act as impediment to the smooth deployment of smart education. Hence, solving financial constraints in the application of Edu-Tech is important to completely use the potential of educational technology.

• As per the 2024 report by the European University Association (EUA), one problem posing a serious challenge is underfunding, during the period when higher education institutions deal with greater responsibilities to work in line with several transformations and restraints in their ecosystem. About 44 per cent of establishments stated either consistently less or reducing funding in the last 5 years, and on the other around 70 per cent of HEIs determine inadequate financial support as the prime restraint among the top 3 for enhancing teaching and learning.

Privacy Concerns

Protecting students and teachers is, currently, the most pressing restraints decreasing the user’s trust on existing or new systems. This decreases the growth rate of the smart education and learning market. Within this, unauthorized access and data breaches are a ubiquitous danger in the digital era, and educational establishments across the world are not secure.

• For instance, the Indian Institute of Technology in Mumbai in 2021 witnessed a data breach impacting 22 thousand students. The break uncovered the phone numbers, email addresses, and names.

Apart from this, sharing data with third-party is another reason contributing to the rising cyber attacks and data thefts.

• The Indian Government imposed 7.2 billion rupees fine (i.e. 97 million US dollars) on Google in 2022 for breaking the personal data protection Act 2019.

MARKET OPPORTUNITIES 

Greater Application of Artificial intelligence and machine learning

In the coming years, the concentration of both will extensively increase, ultimately benefiting the smart education and learning market. It can assist in making personalised learning routes for each student according to their capabilities, choices, and objectives. It can also give guidance and adaptive feedback to support students to learn at their convenience and speed. Moreover, intelligent tutoring systems are also projected to significantly benefit the market. As swift developments in AI continue, AI-powered tutoring systems facilitates a manner to solve the accessibility, cost, and place issues that the learners encounter with getting human teaching. This will offer cost-effective, as-you-go or consumption-based tutoring prospects for millions of financially challenged students, including underserved and of different colour, which were before been prevented from more conventional in-person or virtual tutoring program prospects by the price or by other liabilities (for example, caregiving, jobs, etc.) delivering them inaccessible throughout these program’s restricted set hours. The need for eluding bias is another factor adding to the development of AI tutoring systems.

Gamification, along with interactive learning experiences

The smart education and learning market is believed to thrive in the estimation period, owing to the trend of gamification to transform intelligent classrooms. This improves the learning experience in different manners. It boosts engagement and motivation by making education rewarding and fun. Enhanced academic performance by encouraging behavioural, affective, and cognitive domains of learning. It also assists in strengthening teaching skills and concepts and improve recall and retention.

Industry 5.0

This is likely to greatly accelerate the demand for smart education and learning. Industry 5.0 is viewed to be value-driven. The digital conversion in Education 4.0 brought data analytics, ML, robotics, and AI, encouraging an engaging learning environment. The incorporation of the industrial revolution into the education domain can uplift learning levels to satisfy global benchmarks. This holistic method targets to create a future-centric educational ecosystem that serves to the dynamic requirements of educators and learners.

MARKET CHALLENGES

Infrastructure Limitations

Throughout the different parts of the world, there is a comprehensive lack of devices like tablets or laptops. This makes it one of the most pressing challenges for the expansion of the smart education and learning market. Inequalities in device accessibility have broadened the gap in education, impeding the smooth and effortless shift to intelligent school education. Availability of the technological connectivity and infrastructure for smart learning is tough for educational institutions in isolated or far-off places. In multiple instances, learners do not have access to personal gadgets and despite the fact that schools give devices, availability may be restricted. Furthermore, internet connectivity problems continue to exist, particularly in distant and rural areas, worsening the issue.

Tech literacy among students and teachers

Another factor which adds to the decrease in education quality is weaker social pressure for greater financial support for education, inadequate investment in school infrastructure, insufficient educator training, and obsolete curricula. A large number of schools in Central Asia and Europe lack the availability of modern equipment such as online teaching tools and laboratories. Among the most urgent challenges is the efficacy of Vocational Education and Training (VET).

• According to the World Bank, nearly 45 per cent of students in higher-secondary in the region and up to 80 per cent in certain nations are channelled initially in their academic career into VET.

REPORT COVERAGE

SEGMENTAL ANALYSIS 

Global Smart Education and Learning Market Analysis By Hardware

The interactive displays segment leads the category of the smart education and learning market and is expected to witness further growth during the forecast period. This progress so far can be credited to its clean interface. These panels are smooth and glossy which is strengthened with a highly premium design. Thus, it results in clutter free and less cumbersome against those of the projector based white boards possessing a number of devices coupled with it. In addition, display panels inherit a light arrangement, on contrast the white board projectors come with heavy equipment that are lined up alongside. There is also a key spacing problem with the whiteboard projector compared the display panel is small and well aided at its joins.

• As per a research conducted by Ombori, interactive displays have been determined to raise consumer engagement by an average of 60 per cent. This figure highlights the substantial effect of integrating interactive components into retail displays.

Global Smart Education and Learning Market Analysis By Software

The adaptive learning platform segment is gaining more traction in the smart education and learning market and is believed to advance throughout the forecast period. One of the trends in this segment is immersive learning and gamification, which applies components of augmented reality, storytelling, and game design to build interactive and appealing experiences. Moreover, these technologies benefit by capitalising on machine learning and artificial intelligence algorithms to customise education experiences according to each student’s or apprentice’s grabbing pace, weaknesses, and strengths. By Furnishing personalised feedback and content, adaptive learning technologies improve engagement and enhance learning results. Hence, the segment’s market size will expand further in the coming years.

The learning management system segment, on the other hand, continues to hold a notable market share and is anticipated to grow in the estimation period. Today, the majority of LMSs provide content authoring tools to help in editing screen records and animating the components, images, text, videos, and more.

Global Smart Education and Learning Market Analysis By Service

The managed services segment is expected to lead the smart education and learning market over the forecast period. This is because these IT services can work on various levels and include other areas. In addition, these services help save cost and time resources and free them for better utilization. Another factor adding to the expansion of the segment is incorporating new technology for education. This provides improved management of software and hardware in the school or other places, along with quality assurance and regular updates.

Global Smart Education and Learning Market Analysis By Educational Content

The video-based content segment is progressively preferred and is estimated to capture a notable share of the smart education and learning market. Given the popularity of YouTube, social media apps, streaming platforms, etc., students and other learners better connect to video-based content and are increasingly preferring this over other segments.

• According to Kaltura, about 21 per cent of educators, professors or instructors in the United States in 2022-23 were planning to considerably grow their use of videos.

Global Smart Education and Learning Market Analysis By Learning Mode

The collaborative learning segment is prevailing under this category of the smart education and learning market and is expected to experience higher growth during the forecast period. This can be attributed to the benefits it offers, including lower expenditure, encourages teamwork and collaboration, employees or professionals learn from diverse perspectives and experiences of others, engaging and interactive, supports greater retention rates, and knowledge holding.

• According to a study, astonishing 94.8 per cent of jobs necessitate some form of communication and human interference. It implies that just 5.2 per cent of jobs or employment does need communication at all.

Global Smart Education and Learning Market Analysis By User

The academic segment continues to dominate under this of the smart education and learning market. The extensive spread of smart devices in the educational environment is driving the segment’s market growth. The deployment and use of contemporary and modern technology have a dual impact, including they improve the process of learning and teaching for both of students and educators, and they allow learners and teachers to take advantage of the ability of the World Wide Web to increase their scientific understanding and contribute to national progress.

• According to a study published in National Center for Biotechnology information, around 73 per cent of people in the United States suppose or believe that one of the important components resulting in a country’s achievement is investment in technology and innovation in the education sector.

REGIONAL ANALYSIS

Asia Pacific sees rapid progress in the smart education and learning market and is believed to further expand during the forecast period. Economies like China, Japan, and India are motiheavily investing in digital transformation and are progressively pursuing the adoption and implementation of AI and other modern technologies to upgrade education with the changing landscape across several industries. China commands this regional market and has invested substantially in tools like Squirrel AI, which is an adaptive tutoring platform with tax benefits and other incentives. These platforms depend on camera surveillance and extensive data sets. Moreover, Japan in the last 10 years achieved significant development in technological integration into its education system to move towards the so-called “Digital Revolution”.  The main objective of the education policy of the Japanese government is to support or encourage global human resources.

• According to a report by Deloitte, about 62 per cent of employees or professionals and 81 per cent of college students in South Korea who participated in this study are using generative AI programs.

Europe is another key market for smart education and learning, holding a notable share. In the last five years, the European higher education sector has witnessed several developments and evolutions. Likewise, in ‘AI in learning’ in Finland which is a partnership between the multi-disciplinary teams of international organizations, experts and researchers. The goal of this is to encourage quality and equity of education worldwide and locally. The project has delivered several scholarly papers on the ethical application of AI education. It has also produced papers on ways these technologies can enhance learning and teaching. As of now, nearly all higher education institutions utilise digitally improved teaching and learning. The majority of institutions have in place policies for data security, integrity, and ethics.

• As per the European University Association (EUA), more than 98 per cent of higher education institutions (HEIs) consider the Erasmus+ initiative of the Bologna Process and the European Union extremely crucial.

RECENT HAPPENINGS IN THE MARKET

• In September 2024, SMART Technologies press released the introduction of its Transformative Displays which are customised to suit Indian consumers. The company also launched the SMART Board GX Series and SMART Board MX Series displays.
• In July 2024, China turned up to grant one thousand smart boards to schools all over Sri Lanka. This came after two weeks when a grant project by India to provide digital equipment with 2,200 smart tablets. This is to set up 200 smart classrooms in the Southern Province.
• In February 2024, Huawei at MWC Barcelona 2024 uncovered the Smart Classroom 3.0 Solution with improved AI teaching analysis. It was introduced during the session having the theme “Learning Infrastructure to Accelerate Education Functions”. This solution makes an interactive and intelligent environment where teachers can take up news and stimulating learning techniques, which results in the smart upgrade of education.
• In June 2023, Dahua Technology, a global company of video-focused AIoT Services and Solutions, introduced the Dahua DeepHub Smart Classroom Solution in a virtual event. This solution is created for digital education and unites the software and hardware characteristics of Dahua along with other items to improve interactive learning for higher and K-12 education classrooms. It also enables incorporation with other third-party platforms to allow rich course resources.

KEY PLAYERS IN THE GLOBAL SMART EDUCATION AND LEARNING MARKET

Blackboard Inc, Educomp, Adobe systems, Cisco Systems, Samsung, Promethean Inc, Sum total system, Pearson, Echo 360, Smart Technologies, McGraw Hill Education, Desire2learn, Ellucian company, Jenzabar, and Fujitsu are some of the notable companies in the global smart education and learning market.

DETAILED SEGMENTATION OF THE GLOBAL SMART EDUCATION AND LEARNING MARKET INCLUDED IN THIS REPORT

This research report on the global smart education and learning market has been segmented and sub-segmented based on the hardware, software, service, educational, learning mode, user, and region.

By Hardware

• Interactive White Boards
• Interactive Displays
• Interactive Tables
• Student Response Systems

By Software

• Learning Management System
• Learning Content Management System
• Adaptive Learning Platform
• Assessment Systems
• Others

By Service

• Managed Services
• Professional Services

By Educational Content

• Audio-Based Content
• Text Content
• Video-Based Content

By Learning Mode

• Collaborative Learning
• Virtual Instructor Led Training
• Simulation Based Learning
• Adaptive Learning
• Social Learning
• Blended Learning

By User

• Academic
• Corporate

By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America