According to the recent research report titled ‘Global Smart Education Market: Analysis By Component (Hardware, Software, Service), End User (Academics, Corporate), End User Sub segments, By Region, By Country (2020 Edition): Market Insight, COVID-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global smart education market was valued at USD 372.05 billion in 2019 and is expected to record an appreciable growth rate over 2020-2025.
 

Global smart education market growth is primarily driven by increasing number of schools and higher education institutions adopting smart devices in modern classrooms, cites the study.
 

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Besides, growing use of machine learning (ML) and artificial intelligence (AI) in smart learning, rising acceptance of eLearning solutions, and proliferation of connected devices in education sector are significantly adding to the market development.
 

The education industry worldwide is witnessing a paradigm shift as individuals, government corporation, colleges & universities, as well as primary & secondary school districts are recognizing the importance of technology in effectively delivering information to educate students and other users.
 

Speaking of recent developments, governments across the globe have temporarily shut educational institutions to contain the spread of coronavirus. However, the outbreak of COVID-19 pandemic has ushered a new era in higher education sector, transforming online learning landscape, changing application processes, and revitalizing crisis management tactics, thereby benefiting the market outlook.
 

Based on component type, worldwide smart education market is split into service, software, and hardware. Of these, hardware segment is expected to record considerable growth through 2025. As per end user scope, the industry segmentation comprises corporate, and academics. 
 

Elaborating on geographical ambit, the key contributors to overall market remuneration are Americas (Mexico, Brazil, Canada, the United States), Europe (the United Kingdom, France, Germany), and Asia Pacific (India, Japan, China). The report states that Asia Pacific is poised largely contribute to worldwide smart education industry share over 2020-2025, with China at the forefront.
 

Key players profiled in the market report are Saba Software Inc., NIIT Ltd., Educomp Solutions Ltd., Instructure Inc., Ellucian Inc., Smart Technologies Inc., Adobe Inc., Pearson plc, Cisco Systems Inc., Blackboard Inc., and Boxlight Corporation.