North America Smart Learning Market Size, Share & Industry Trends Analysis Report By Component, By Hardware Type, By Standalone Type, By Learning Type, By End User, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Smart Learning Market would witness market growth of 18.9% CAGR during the forecast period (2022-2028).
Smart classroom technology ensures that education reaches all students, regardless of their level of understanding. Additionally, deploying this type of classroom education improves interaction and cooperation between students and teachers. A digital board is the most popular type of smart equipment used in educational institutions, particularly in schools, to teach through movies, presentations, and other forms of media. It functions as a huge white tablet, with a touch screen replacing the traditional backboard and a smart pen replacing the chalk. With the development of smart gadgets in the educational area, smart educational learning methodologies have proven to be successful for higher education in today's technologically advanced world. A smart learning platform is a technological learning strategy that is promoted as a way to improve student abilities.
The most significant benefit of a smart learning system is that a student is provided with an abundance of knowledge resources at no cost. The use of a smart learning system promotes teacher-student connection by allowing them to follow each other through the process, making it easier for teachers to keep track of their students' learning abilities. Smart classrooms and new technologies also make the learning process easier for all students by eliminating the requirement of physical presence.
The adoption of advanced and novel technologies is significantly high in this region. The mobile device user base in North America is large, which facilitates mobile-based smart learning apps. The United States is regarded as a global hub for enterprises involved in education and technology. Smart education technology startups receive adequate support and funding from venture capital fundraising firms situated in the United States. This factor would have a beneficial impact on the growth of the smart learning market in the region. The considerable investment in educational technology is the primary driver of market growth in the United States.
In addition, the government of countries across the region is increasing constantly increasing their investments in educational infrastructure. According to the California Department of Education, in the year 2014-2015, the government’s budget for education was General Fund resources of $109.4 billion along with General Fund Expenditure of $108 billion.
The US market dominated the North America Smart Learning Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $31,408.5 million by 2028. The Canada market is estimated to grow at a CAGR of 21.6% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 20.5% during (2022 - 2028).
Based on Component, the market is segmented into Hardware, Software (Standalone and Integrated), and Services. Based on Hardware Type, the market is segmented into Interactive displays, Interactive whiteboards, Smartboards, and Others. Based on Standalone Type, the market is segmented into LMS/LCMS, Student Information System, Classroom Management Software, Language Learning Software, and Others. Based on Learning Type, the market is segmented into Asynchronous Learning and Synchronous Learning. Based on End User, the market is segmented into Academic, Enterprises, and Government. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Pearson PLC, IBM Corporation, Oracle Corporation, SAP SE, Google LLC, Microsoft Corporation, Cisco Systems, Inc., Adobe, Inc., Qisda Corporation (BenQ), and Samsung Electronics Co., Ltd. (Samsung Group)
Scope of the Study
Market Segments Covered in the Report:
- Interactive displays
- Interactive whiteboards
- Student Information System
- Classroom Management Software
- Language Learning Software
By Learning Type
- Asynchronous Learning
- Synchronous Learning
By End User
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Pearson PLC
- IBM Corporation
- Oracle Corporation
- SAP SE
- Google LLC
- Microsoft Corporation
- Cisco Systems, Inc.
- Adobe, Inc.
- Qisda Corporation (BenQ)
- Samsung Electronics Co., Ltd. (Samsung Group)
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