According to the research report titled ‘Global Smart Education & Learning System Market 2019-2028’, available with MarketStudyReport, global smart education & learning system market size is anticipated to expand at a y-o-y growth rate of 16.9% over the forecast timeframe of 2019-2028.
 

Global smart education & learning system market is expected to grow primarily due to surging demand for digital learning, increasing number of favorable government initiatives, and technological innovations in smart learning technology.
 

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Furthermore, emerging trend of bring-your-own-device (BYOD) and escalating number of virtual schools are likely to create new market growth opportunities in the forthcoming years, claims the study.
 

On the other hand, low rate of technological adoption in developing countries as compared to developed economies might significantly impact the industry outlook. In addition, expensive e-learning software, rising security & privacy issues, as well as a lack of understanding about e-learning are likely to hamper the market growth over the projection period.
 

Based on type, worldwide smart education & learning system industry is split into software, service, educational content, and hardware. In terms of learning mode, the industry is fragmented into virtual instructor-led training, social training, simulation-based training, adaptive learning, blended learning, and collaborative learning. Moving on, the end-user segmentation comprises of academic and corporate.
 

From a regional perspective, as per the report, worldwide smart education & learning system market size spans across North America (U.S., Canada), Europe (UK, Germany, Spain, France, Russia, Italy, Rest of Europe), MEA (South Africa, Turkey, Saudi Arabia, UAE), Asia Pacific (Japan, China, South Korea, India, Australia, New Zealand, Rest of APAC), and Latin America (Mexico and Brazil).
 

North America market is expected to grow rapidly due to rising technological adoption among enterprises to provide efficient training to their employees. This trend can be ascribed to growing cognizance of corporate executives regarding quality employee training programs’ effect on productivity. Moreover, they increasingly using software-based solutions to monitor & analyze their employees' performance.
 

Considering the competitive landscape, major companies influencing the global smart education & learning system industry dynamics are SMART Technologies ULC, Pearson Education, NIIT Ltd., Educomp Solutions Ltd., SAP SE, D2L Corp., Blackboard Inc., Adobe Inc., Dell EMC, Microsoft Corp., Citrix Systems Inc., Cisco Systems Inc., Ellucian Company LP, Promethean Ltd., and Saba Software, Inc.