The size of the Asian smart education and learning market worth $369.34 billion by 2030

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Smart education and learning solutions emphasize mobile instrument applications and focus on learner mobility.

PORTLAND, PORTLAND, OR, USA, July 15, 2022 /EINPresswire.com/ — According to the report released by Allied Market Research, the Asian smart education and learning market was valued at $43.36 billion. in 2020 and is expected to reach $369.34 billion by 2030, registering a CAGR of 23.6%. The report provides an in-depth analysis of major investment pockets, most winning strategies, drivers and opportunities, market size and estimates, competitive scenario and various market trends.

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Rising demand for e-learning solutions from schools and universities is driving the growth of the Asian smart education and learning market. On the other hand, several security and privacy issues and the high cost of implementation are restraining the growth to some extent. However, the emergence of the BYOD (bring your own device) trend and the growing concept of virtual schools are expected to create lucrative opportunities for major players in the industry.

Asia smart education and learning market is analyzed across components, learning mode, end-user and countries. Based on components, the hardware segment accounted for more than two-fifths of the total market share in 2020 and is expected to take the lead by the end of 2030. The service segment, on the other hand, would register the fastest CAGR by 27.3% over the forecast period.

Based on the learning mode, the instructor-led virtual training segment contributed more than a fifth of the total market revenue in 2020 and is expected to reign supreme by 2030. The adaptive learning segment , on the other hand, would cite the fastest CAGR of 27.9% over the forecast period.

According to countries, the market across China held the major share in 2020, attracting around half of the Asian smart education and learning market. Simultaneously, the Indian market would exhibit the fastest CAGR of 29.4% from 2021 to 2030.

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Major market players analyzed in the Asia Smart Education and Learning Market report include Adobe Systems Incorporated, Cisco Systems Inc., Educomp Solutions Ltd., NIIT Limited, Blackboard, Inc., Ellucian Company LP , Abans Group, SMART Technologies, Unit4 and Saba Software, Inc. These market players have incorporated different strategies including partnership, expansion, collaboration, joint ventures and others to strengthen their position in the industry.

Impact of COVID-19

• The outbreak of the pandemic has given way to increased adoption of digital technologies with increased data traffic. This factor has positively boosted the Asian smart education and learning market.

• Increased adoption of adaptive and blended learning approaches are more likely to persist post-pandemic as well.

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