Samsung, 14 Others Top $194Bn Smart Education & Learning Market

The smart education and learning market size is estimated to grow from USD 193.24 Billion in 2016 to USD 586.04 Billion by 2021, at a CAGR of 24.84%, according to latest report by MarketsandMarkets

Boost in the connectivity of handheld devices, increased collaboration between hardware vendors and educational content providers, increasing significance of eLearning in the corporate and academic setups, technological advancements, widespread government initiatives in the growing market are some of the driving factors of the smart education and learning market.

Meanwhile Samsung Electronics, Adobe, Blackboard, Inc., Educomp and Cisco Systems are among some of the prominent key players in the smart education and learning market.

Others are McGraw-Hill, NIIT Limited, Pearson PLC, Desire2learn, SumTotal Systems, Smart Technologies, Ellucian Company L.P, Tata Interactive System, Promethean, Inc., and Saba Software.

Learning management systems software to play a key role in the smart education and learning market by 2021

The learning management systems software has the largest market share in the smart education and learning market during the forecast period. Its market share is expected to grow because of its flexibility to create and deliver course according to the requirements.

Learning management systems facilitate learners and educators to participate and collaborate from anywhere through mobile access.

Innovative interactive hardware device market will drive the smart education and learning market.

Introduction of interactive hardware device market drives the smart education and learning market. Among smart education hardware market, interactive white boards market is expected to grow at the highest rate, followed by interactive displays.

Interactive white board comes with a broad list of features namely multi-touch interaction, digital pen, dry-erase surface, and an interactive software that enables the users to save and share the notes to various learner devices such as laptops, tablets, or smartphones over the internet.