According to a piece of new information published by Allied Market Research, “Smart Education and Learning Market According to the Component, the Mode of Learning and the End User: Global Opportunity Analysis and Industry Forecast, 2023-2032". The smart education and learning market was estimated at $259.98 billion in 2022 and is considered to reach $1359.9 billion by 2032, increasing at a CAGR of 18.4% from 2023 to 2032.
Smart education and learning underscore shifting the focus from conventional teacher-centred teaching to online learning practices. Smart education and learning prioritize individual learner needs, interests, and preferences. It aims to provide personalized learning courses, adaptive content, collaborative opportunities, and self-directed learning experiences to empower learners and encourage active engagement in the education process. It presents flexible learning options that fit the diverse needs of learners. Online courses, asynchronous learning, and mobile learning allow learners to study at their speed and schedule. This flexibility adapts working professionals, students with busy timetables, and individuals with other responsibilities.
The surge in demand for online and distant learning devices, favourable government initiatives, and corporate funding to promote smart education are driving the market's growth. In addition, the increase in the need for interactive and personalized learning environments is fueling the development of the smart education and learning market. However, a Lack of digital education and skills and data privacy and security concerns restrict the growth of this market. Contrarily, the rise in the implementation of Augmented Reality and Virtual Reality in the education sector is expected to provide multiple opportunities to expand the market during the forecast period.
