15th October, 2018 - Smart Education and Learning Market is estimated to witness considerable growth over the forecast period owing to increasing number of students opting for distant learning and digital education courses. The market is extensively catering to the requirement of international and government standardization bodies for development and training of workforce in various sectors. The execution of student information systems helps institutions in incorporating student information and enabling administrators to access resources efficiently.
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Educational institutions control a variety of sources to sustain their technology goals and objectives. K-12 and higher education institutions have become more receptive towards the implementation of technology in classrooms. However, lack of funds from state and local government may pose a challenge to market growth. Smart learning and collaboration enables mobility among professors and students. Education institutions have become more vigilant towards the application of hi-tech learning devices.
The smart education and learning market is expected to be driven by some factors such as progression of interactive learning systems, emergence of digital education, online and blended learning and growth of educational applications. Low infrastructure cost, workforce and varied teaching methods are projected to fuel the market demand over the forecast period. Key market opportunities include growth of educational technology. The other features of smart education and learning include generating services that exceed geographical and language limits as well as time and culture barriers.
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Market Overview:The incorporation of advanced technology is aiding in upgrading various sectors all over the world.
Market Research Future (MRFR) has published a report stating that the global Smart Education and Learning Market is marked to expand remarkably at a CAGR of 26% during the forecast of 2017-2023 and reach the valuation of USD 952 Bn by the end of the forecast period.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2870Market Drivers and Restraints:Various initiatives are being taken by the government all over the globe to improve the education system by enhancing the learning experience of students.
Rapid evolution in education system and increased incorporation of technologically advanced techniques to improve the teaching process are some of the key factors that are propelling the growth of the global smart education and learning market.
Increasing emphasis on visual representation of information and adoption of interactive display hardware by schools and universities to improve the understanding of subject among students are fueling the growth of the global smart education and learning market.
However, low penetration of advanced technology in the underdeveloped regions and reluctance in adopting advanced teaching techniques are likely to restrain the growth of the global Smart Education and Learning Market during the forecast period.Key PlayersThe prominent players in the smart education and learning market are Adobe Systems Inc. (U.S.), Blackboard (U.S.), Educomp (India), Cisco Systems Inc. ( U.S.), McGraw-Hill Education (U.S.), NIIT Limited (India), Pearson Plc.
Based on hardware, the smart education and learning market has been segmented into interactive whiteboards (WBS), interactive displays, interactive tables, and student response systems.Based on services, the smart education and learning market has been segmented into managed services and professional services.
