18th
September: The
global 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 introduction of technology into the classroom and learning
space has empowered varying curriculum, multi-modal training and spawning
numerous forms of associations and online research. In today’s technology
empowered knowledge market, various institutions encounter complexities while
leveraging technology within the campus. Key market trends such as execution of
education technology and effective incorporation generate a prospect to impart
education for institutions in a more interactive and effective manner. The
technologies that make a difference in the educational pattern include
simulations, interactive white boards along with social media and games.
The smart education and learning Industry 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.
Increased competition from new models of education, low digital
fluency among educational institutions along with improper roadmaps and
scarcity of resources may hamper market growth. Further, factors such as lack
of digital competency among institutes and competition from upcoming methods of
education are also anticipated to limit market growth.
Systems that provide software solutions and educational learning
to institutions. The smart education and learning market is gaining pace, and
characterized by mergers and acquisitions. For example, the acquisitions of
Knowledge by Desire2Learn, My Edu by Blackboard and Kno by Intel. Other market
players include Instructure Inc., SunGard and n2n services that provide
applications and educational products for K-12 at a comparatively lower cost.
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