
Report ID: UCMIG45E2155
Report ID:
UCMIG45E2155 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The size of the global market for smart education and learning, which was estimated at USD 182.8 billion in 2019, is projected to increase between 2020 and 2027 at a CAGR of 17.9%. One of the key factors driving the market's expansion is the growing use of e-learning techniques by corporate organisations to design efficient training programmes for their personnel. Additionally, the market for smart education and learning is anticipated to grow in response to the increased demand for interactive learning methods like gamification and mobile educational applications.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Application Software by segment aggregation, the contribution of the Application Software in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG45E2155