The global smart learning systems market is estimated to grow at a CAGR of nearly 20.0% during the forecast period. The major factors contributing to the market growth include the rising adoption of AI in education and the increasing trend towards e-learning platforms. Technology has benefited the users in every aspect of life including education and training. There is an increased demand for new methods of training which include digital instruction materials, 3D animated modules, and videos. The trend of smart learning has completely transformed the way students learn and teachers teach with innovative use of technology. 

The adoption of AI in classes aids teachers and faculties in assessing and evaluating learning instantly with smart assessment system. Such benefits offered by smart learning raise the demand for AI technology. Moreover, other factors that contribute significantly to the growth of the market include increasing demand for personalized education, the growing alliance among vendors and institutions, and the rising adoption of cloud-based services. The funds, time and infrastructure that any educational institution required to reach to the new markets are significantly reduced by the cloud technology. The institutions benefit from the economies of scale, as well as the savings can be channelized towards strategic learning initiatives. 

In addition, operational efficiency is being achieved by the institutions with centralized control, and the students become more engaged with a number of options available to them. The cloud technology offers enormous benefits in education that enhance its adoption in the education field and contribute to the market growth. Apart from these, there are factors that serve as market barriers such as budget limitations due to the high initial investment, and lack of skilled teachers as well as students. Despite these barriers, factors such as increasing investment in education sector create a significant opportunity for the growth of the market.

Market Segmentation

The global smart learning systems market is segmented based on component and end-user. Based on the component, the market is classified into hardware and software and services. Based on end-user, the market is classified into academic and enterprises.

Smart Learning Systems Finds Significant Application in Academics

An increasing trend towards digital learning among students and teachers have led the adoption of smart learning systems. Rising adoption of smartphones and tablets among the students is supporting the demand for e-learning. Academics are primarily adopting smart devices to develop materials, communicate with students regarding their learning, and coordinate their work. The trend towards smart classroom is further driving the market growth. Incorporating technology is the major aspects in the smart classroom environment which aims to improve student outcome. 

This increases the need for learning management systems for administration, management, and documentation of educational resources. In addition, the concept of the smart classroom has led to the adoption of interactive dashboards to provide more depth understanding of the topic to the students. However, there are several restricting factors that require to be addressed by academic institutions and affecting the demand for smart technologies for academic practice. The infrastructure problems, including access to WiFi, and the prioritizing opportunities to support staff to learn to apply technology to increase student learning and experience. 

Global Smart Learning Systems Market Share by End-User, 2019 (%)

Regional Outlook

Geographically, the global smart learning systems market is segmented into four major regions, including North America, Europe, Asia-Pacific, and Rest of the World (RoW). In 2019, North America held the largest share in the market owing to the increasing demand for AI platforms in education and the emerging concept of the smart classroom and digital learning in the region. In addition, the region has well-established ICT infrastructure and vendors are emphasizing on providing innovative solutions to the educational institutions. Europe is expected to hold second position owing to the increasing digitalization initiatives and adoption of cloud-based platforms in the education sector.

Global Smart Learning Systems Market Growth, by Region 2020-2026

Market Players Outlook 

The major players operating in the market include Blackboard Inc., Alphabet Inc., IBM Corp., Oracle Corp., and D2L Corp. The market players are constantly focusing on gaining major market share by adopting mergers & acquisitions, geographical expansion, product launch, and partnerships and collaborations. For instance, in May 2020, IBM Corp. declared the introduction of Open P-TECH, a free digital education platform which is focused on digital skills and workplace learning. This platform, building on the P-TECH program, equips 14-20-year old learners and educators with foundational technology competencies. Training in technologies such as AI, cloud computing and cybersecurity, along with professional skills, like Design Thinking, that are highly valued in the market set Open P-TECH apart. It offers content in English, Portuguese and Spanish. This launch aims to increase access to digital learning for young people amid COVID-19 pandemic.

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global smart learning systems market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.