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2021

Asia Smart Education and Learning Market

Asia Smart Education and Learning Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, Learning Mode, and End User : Global Opportunity Analysis and Industry Forecast, 2021-2030

IC : High Tech, Enterprise & Consumer IT

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Author's: Vikas Gaikwad | Onkar Sumant
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Asia Smart Education and Learning Market Insights - 2030

The Asia smart education and learning market was valued at $43.36 billion in 2020, and is projected to reach $369.34 billion by 2030, registering a CAGR of 23.6%. Smart education & learning solutions emphasizes on the applications of mobile instruments and focuses on the mobility of the learner. In addition, it provides flexible learning process, which replaces traditional classroom teaching methods. Adoption of smart education & learning solutions has increased over a period of time, as a number of educational institutes are shifting their preference towards smart education concept by adopting high-tech teaching methods. 

The education sector is one of the earliest adopters of e-learning, owing to increase in demand for e-learning solutions from schools and universities. In addition, dearth of quality education in the developing economies such as China and India has fueled the adoption of this concept, which is anticipated to provide potential growth opportunities for the market.

Asia-smart-education-and-learning-Market

The hardware segment dominated the Asia smart education and learning industry in 2020, and is expected to maintain its dominance in the upcoming years. Rise in adoption of interactive displays primarily drives the growth of the hardware segment in Asia smart education and learning market. Such displays are designed for any learning environment and are easy to use, deploy, and support. However, services is expected to witness highest growth rate owing to its rising demand from the end users as it ensures effective functioning of software throughout the process.

On the basis of end user, the academics segment dominated the overall Asia smart education & learning market share in 2020, owing to continuous ongoing improvement in educational infrastructure and customization of learning & assessment processes, due to increase in investments in digital resources. However, corporate segment is expected to witness highest growth rate during the forecast period. 

China dominated the overall Asia smart education and learning market in 2020. This is mainly attributed to the rapid development of China's education sector and its inclination toward intelligent technologies. In addition, the players in this country are actively introducing advanced smart education and learning products, further boosting growth of the market. For instance, in December 2019, Tencent Holdings Ltd., the Chinese internet giant on launched WeLearning, a new smart education solution to meet significant demand of country's booming smart education market.

Asia Smart Education and Learning Market
By Component
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Services segment is projected as one of the most lucrative segments.

The report focuses on the growth prospects, restraints, and Asia smart education & learning market analysis. The study provides Porter’s five forces analysis of the Asia smart education & learning industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the Asia smart education & learning industry.

Asia Smart Education and Learning Market
By Learning Mode
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Adaptive Learning segment is projected as one of the most lucrative segments.

Segment review

The Asia smart education and learning market is segmented on the basis of component, learning mode, end user, and region. Based on component, the market is divided into hardware, software, educational content, and services. On the basis of learning mode, it is categorized into virtual instructor-led training, simulation-based learning, social learning, blended learning, adaptive learning, and collaborative learning. By end user, it is divided into academics and corporate. Country wise, Asia smart education & learning market share is analyzed across China, Japan, India, South Korea, Sri Lanka, and others.

Asia Smart Education and Learning Market
By Country
2030
China 
Japan
India
South Korea
Sri Lanka
Rest of Asia-Pacific

India is projected as one of the most significant country

Impact Of Covid-19 On Asia Smart Education And Learning Market-

Post COVID-19, the Asia smart education & learning market was valued at $43.36 billion in 2020, and is projected to reach $369.34 billion by 2030, registering a CAGR of 23.6%. The current estimation of 2030 is projected to be higher than pre-COVID-19 estimates. In the Asia, the pandemic has significantly led to the increased adoption of digital technologies with an augmented data traffic. The closure of schools and other learning spaces in developing nations such as India and China has primarily boosted the demand for smart education and learning solutions in the region. There has been greater adoption of adaptive and mixed learning approaches during the pandemic.

The stay-at-home orders in Asia caused the transformation of education and learning sector toward online approach, leading to the distinctive rise of e-learning; thereby, teaching is undertaken remotely and on digital platforms. For instance, BYJU’s, a Bangalore-based educational technology company has seen a 200% increase in the number of new students using its Think and Learn app in April 2020. Hence, rapid inclination toward e-learning during the pandemic drives the growth of the Asia smart education and learning market.

Top impacting factors    

The key factors impacting the growth of the market include continuous increased acceptance of e-learning in corporate and academic set-ups and proactive government initiatives in developing markets. In addition, technological advancements in smart education & e-learning and growth in number of mobile learning applications positively impact the market. However, security and privacy concerns and high cost of implementation may hamper the growth of the market to some extent during the forecast period. On the other hand, emergence of bring-your-own-device (BYOD) trend and upsurge in virtual schools are expected to create lucrative growth opportunities for the market in the near future.

Technological advancements in smart education & e-learning 

Continuous technological advancements in smart education & learning software and tools, which include m-learning (mobile learning) with a native app, cloud-based learning, SaaS authoring tools, and others drive the growth of the market. Furthermore, emerging Asia smart education & learning market trends, such as open online courses, micro-learning, and others create numerous opportunities for the market. Moreover, key players in the market have introduced technologically advanced products to increase its customer base and enhance its user experience, which in turn drive the growth of the market. For instance, in February 2021, SMART Technologies, a leading provider of education and collaboration solutions, announced new teacher-driven enhancements to its flagship SMART Learning Suite (SLS) software. Such advancements in the education and learning products boost the growth of the market.

Upsurge in virtual schools 

Virtual schools have been gaining rapid traction in developing countries such as the China and India. These utilize various smart education tools such as online content and delivery formats. In addition, government of such countries have been taking initiatives to introduce newer technologies in classrooms by investing into the concept of virtual schools. For instance, in June 2018, Madhya Pradesh State Government in India has selected 224 state-run schools for teaching through digital study material. The government is projected to set up virtual class rooms in these schools. One room in each of these schools will be developed as the learning end in which necessary equipment such as computer, projectors, TV set, and camera will be installed for digital learning.

Key Benefits For Stakeholders

  • This study includes the Asia smart education & learning market growth, trends, and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and Asia smart education & learning market opportunities.
  • The Asia smart education and learning market size is quantitatively analyzed from 2020 to 2030 to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the Asia smart education & learning market forecast.

Key Market Segments

By Component    

  • Hardware
  • Software
    • Learning Management System
    • Learning Content Management Systems
    • Adaptive Learning Platform
    • Assessment Systems
    • Others
  • Educational Content
    • Audio-Based Content
    • Text Content
    • Video-based Content
  • Services
    • Training & Certification
    • Consulting
    • Managed Hosting
    • Others

By Learning Mode

  • Virtual instructor-Led Training
  • Training Simulation-based Learning
  • Social Learning
  • Blended Learning
  • Adaptive Learning
  • Collaborative Learning 

By End User

  • Academics
  • Corporate

By Countries

  • China 
  • Japan
  • India
  • South Korea
  • Sri Lanka
  • Others 

Key Market Players

  • Abans Group
  • Adobe Systems Incorporated
  • Cisco Systems Inc. 
  • Educomp Solutions Ltd.
  • NIIT Limited
  • Blackboard, Inc.
  • Ellucian Company L.P.
  • Saba Software, Inc.
  • SMART Technologies 
  • Unit4 

Asia Smart Education and Learning Market Report Highlights

Aspects Details
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By Component
  • Hardware
  • Software
    • .Learning management system
    • Learning content management systems
    • Adaptive learning platform
    • Assessment systems
    • Others
  • Educational Content
    • Audio-based content
    • Text content
    • Video-based content
  • Services
    • Training and certification
    • Consulting
    • Managed hosting
    • Others
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By Learning Mode
  • Virtual instructor-Led Training
  • Training Simulation-based Learning
  • Social Learning
  • Blended Learning
  • Adaptive Learning
  • Collaborative Learning
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By End User
  • Academics
  • Corporate
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By Country
  • China
  • Japan
  • India
  • South Korea
  • Sri Lanka
  • Others
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Key Market Players

SMART TECHNOLOGIES ULC, ADOBE SYSTEMS INCORPORATED, SABA SOFTWARE, INC, NIIT LIMITED, ELLUCIAN COMPANY L.P., BLACKBOARD, INC., UNIT4, EDUCOMP SOLUTIONS LTD, ABANS GROUP PLC, CISCO SYSTEMS, INC.

Analyst Review

Based on the insights of various CXOs of leading companies, increase in importance of social learning, upsurge in adoption of technology, and dearth of quality education in the developing economies drive the growth of the Asia smart education and learning market.

Adoption of smart education and learning solutions has increased over a period of time, as a number of educational institutes are shifting their preference toward smart education concept by adopting high-tech teaching methods. Education sector is one of the earliest adopters of e-learning, owing to increase in demand for e-learning solutions from schools and universities. In addition, dearth of quality education in the developing economies such as China and India fuels the adoption of this concept, which is anticipated to provide potential growth opportunities for the market.

Furthermore, emerging trends such as rise in popularity of gamification in e-learning, growth in use of new teaching methods, and social learning inclusion create lucrative opportunities for the Asia smart education and learning market. Some of the key players profiled in the report include Adobe Systems Incorporated, Educomp Solutions Ltd., NIIT Limited, Smart Technologies, Inc., Blackboard, Inc., Ellucian Company L.P., Saba Software, Inc., and Unit4. These players have adopted various strategies to enhance their product portfolio and to increase their market penetration. For instance, in February 2021, SMART Technologies, a leading provider of education and collaboration solutions, announced new teacher-driven enhancements to its flagship SMART Learning Suite (SLS) software. Such advancements in the education and learning products boost the growth of the market.

The Asia smart education and learning market is competitive and comprises a number of regional and global vendors competing based on factors such as cost of solutions & services, reliability, pricing, quality of the product, technology, and support services.

With increase in presence of international players in the market, the regional vendors find it difficult to compete with them based on factors such as quality, technology, and pricing. On the contrary, rise in number of mobile learning applications and surge in adoption of digital learning are anticipated to fuel the market growth in Asia. In addition, initiatives taken by the government toward digital education of many developing economies such as China and India are anticipated to offer lucrative opportunities to the players operating in the smart education and learning market.

Author Name(s) : Vikas Gaikwad | Onkar Sumant

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Asia Smart Education and Learning Market

Global Opportunity Analysis and Industry Forecast, 2021-2030