BANGALORE, India, July 19, 2021 /PRNewswire/ — The Global Smart Education Market is Segmented by Type (Content, Software, Hardware), by Application (K-12 Schools, Higher Education). The report covers global opportunity analysis and industry forecasts from 2021 to 2027. This report is published on Valuates Reports under Education Category.
The global Smart Education market size is projected to reach USD 61.7 Billion by 2027, from USD 24.8 Billion in 2020, at a CAGR of 13.9% during 2021-2027.
Smart education refers to a self- directed (learning attitude), motivated (interest), adaptive (aptitude and ability), resource enriched (plenty of learning materials), and technology embedded (ICT utilization) education system.
Major factors driving the growth of the smart education market are:
- The rise in demand for educational content that is easily accessible and interactive is expected to drive the smart education market.
- Improvement in the connectivity of handheld communication devices and an increase in demand for collaboration-based learning drive the growth of the global market.
- Increase in importance of e-learning in corporate & academic set-ups, proactive government initiatives to promote e-learning in the developing markets, and rise in the number of mobile learning applications.
TRENDS INFLUENCING THE GROWTH OF THE SMART EDUCATION MARKET
The rise in demand…