Pune: Learning management systems software will be a key catalyst for driving the Smart Education and Learning Market. According to a new market research report “Smart Education and Learning Market by Product (Hardware, Software, Service, Educational Content), User (Academic, Corporate), Learning Mode (Collaborative, Virtual Instructor, Simulation, Adaptive, Social, Blended), and Region – Global Forecast to 2021”, published by MarketsandMarkets, the market size is estimated to grow from USD 193.24 Billion in 2016 to USD 586.04 Billion by 2021, at a CAGR of 24.84%.
Boost in the connectivity of handheld devices, increased collaboration between hardware vendors and educational content providers, increasing significance of eLearning in the corporate and academic setups, technological advancements, widespread government initiatives in the growing market are some of the driving factors of the Smart Education and Learning Market.
Learning management systems software to play a key role in the Smart Education and Learning Market by 2021. The learning management systems software has the largest market share in the Smart Education and Learning Market during the forecast period. Its market share is expected to grow because of its flexibility to create and deliver course according to the requirements. Learning management systems facilitate learners and educators to participate and collaborate from anywhere through mobile access.
Innovative interactive hardware device market will be another key factor for the Smart Education and Learning Market. Introduction of interactive hardware device market drives the Smart Education and Learning Market. Among smart education hardware market, interactive white boards market is expected to grow at the highest rate, followed by interactive displays. Interactive white board comes with a broad list of features namely multi-touch interaction, digital pen, dry-erase surface, and an interactive software that enables the users to save and share the notes to various learner devices such as laptops, tablets, or smartphones over the internet.
The North American region is expected to contribute the largest market share in the Smart Education and Learning Market . North Americas expected to hold the largest market share in the Smart Education and Learning Market during the forecast period. This is because of the high connectivity of handheld devices. The increasing innovative developments and technological advancement are benefiting all the stakeholders present in the Smart Education and Learning Market ecosystem in this region.
The major vendors in the Smart Education and Learning Market are Adobe (California, U.S.), Blackboard, Inc. (Washington, U.S.), Educomp (Gurgaon, India), Cisco Systems (California, U.S.), McGraw-Hill (New York, U.S.), NIIT Limited (Gurgaon, India), Pearson PLC (London, U.K.), Desire2learn (Canada), Samsung Electronics (Suwon, Korean), SumTotal Systems (Florida, U.S.), Smart Technologies (Calgary, Canada), Ellucian Company L.P (Virginia, U.S.), Tata Interactive System (Mumbai, India), Promethean, Inc. (Lancashire, U.K.), and Saba Software (California, U.S.).