Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Smart Learning Market size is expected to reach $128.4 billion by 2028, rising at a market growth of 20.3% CAGR during the forecast period.
The Hardware segment acquired maximum revenue share in the Global Smart Learning Market by Component in 2021; thereby, achieving a market value of $54.2 billion by 2028. Hardware refers to all the devices that are utilized as a medium for conducting smart learning. For instance, mobile phones, tablets, computers, and laptops. Hardware is one of the most essential tools that are required for conducting the process of smart learning. The growth of this segment is attributed to the increasing efforts of various market players in introducing enhanced devices that comprise the latest and most advanced technologies at affordable prices. In addition, the increasing growth of this segment is also owing to the wide availability of smart devices at reduced rates.
The Synchronous Learning segment is showcasing a CAGR of 22.5% during (2022 - 2028). Synchronous learning refers to any sort of learning in which the learner and instructor are in the same location at the same time to facilitate learning. This comprises in-person classes as well as live online meetings with the entire class or smaller groups. Students commonly go through the training stream together in synchronous learning, accompanied by an instructor who can provide assistance while students are doing assignments and activities. Synchronous learning is an effective learning approach, which can significantly streamline the learning process as this process takes place in the presence of an instructor. Therefore, this factor is propelling the growth of this segment of the market.
The Enterprises segment has shown growth rate of 20.5% during (2022 - 2028). The growth of this segment is owing to the increasing utilization of online interaction methods in order to work as well as train new employees in enterprises. Moreover, the rising trend of bring-your-own-devices is also a major factor that is increasing the adoption of smart learning methods all over the world. Therefore, the growth of this segment is estimated to increase over the forecasting period.
North America is the fastest growing region in the Global Smart Learning Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $43.5 billion by 2028. The Europe market is estimated to witness a CAGR of 19.6% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 21.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/smart-learning-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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)
By Learning Type
By End User
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