Smart Education Market Size to Record a YoY Growth of 13.1%, Increased Employment Prospects to Boost Market Growth – Technavio – QNT Press Release

[ad_1]

NEW YORK, Oct. 12, 2022 /PRNewswire/ — The “Smart Education Market by Product (Content, Software, and Hardware), End-user (Higher education and K-12 schools), and Geography (APAC, Europe, North America, South Americaand Middle East and Africa) – Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. The potential growth difference for the smart education market size between 2021 and 2026 is USD 158.37 billion. To get the exact yearly growth variance and the YOY growth rate, Request a FREE PDF Sample Report

• Market Driver: The Increasing employment prospects is driving the smart education market growth. There is a high demand-supply gap in employment, as students lack industry-specific skills. Hence, educational institutions are adopting advanced learning methodologies such as smart education to improve the employment prospects of students. They are focusing on providing industry-related skills to students so that they can be trained as per industry requirements. The increasing emphasis on STEM-based education is driving the demand for education technology products. These factors are fueling the growth of the market.
• Market Challenge: Budget constraints are challenging the smart education market growth. The purchase and maintenance of smart education devices are expensive. Many institutions that provide smart education do not have adequate financial support. They need to procure expensive hardware systems such as classroom wearables and projectors. Moreover, institutions in emerging countries lack the required capital to install these products. These institutions may be unable to invest significantly in the implementation and maintenance of smart software solutions such as LMS. These factors will limit the market growth during the forecast period.

To learn about additional key drivers, trends, and challenges available with Technavio, Read our FREE PDF Sample Report right now!

By product, the content segment will be the largest contributor to market growth during the forecast period. Content plays an important part in any learning environment in traditional and online classrooms. In an online education setup, apart from the conventional textual format, content is presented in varied forms. Educational institutions are procuring several types of digital content in the form of graphics, texts, and video to provide students with an engaging classroom environment. Hence, institutions are incorporating online content in their teaching and learning methodologies. Such advantages of content will drive market growth during the forecast period.

APAC will be the leading region with 44% of the market’s growth during the forecast period. China and India are the key countries for the smart education market in the region.

View our FREE PDF Sample Report for additional insights into the contribution of all the segments and regional opportunities in the report.

• Adobe Inc.
• Anthology Inc.
• Cisco Systems Inc.
• Cornerstone OnDemand Inc.
• D2L Corp.
• Dell Technologies Inc.
• Discovery Education Inc.
• Echo360 Inc
• Educomp Solutions Ltd.
• Ellucian Co. LP
• Instructure Inc.
• International Business Machines Corp.
• Jenzabar Inc
• NIIT Ltd
• Pearson Plc
• Promethean Ltd.
• Samsung Electronics Co. Ltd.
• SMART Technologies ULC
• Think and Learn Pvt. Ltd.
• Unit4 NV

Want your report customized? Speak to an analyst and personalize your report according to your needs

Self-paced E-learning Market by Product and Geography – Forecast and Analysis 2022-2026: The self-paced E-learning market share is expected to increase by USD 7.20 billion from 2021 to 2026.

Self-paced E-learning Market by Product and Geography – Forecast and Analysis 2022-2026: The self-paced e-learning market share is expected to increase by USD 7.20 billion from 2021 to 2026.

Full story available on Benzinga.com

[ad_2]

Source link