According to the research report titled ‘GLOBAL Smart Education & Learning System Market 2019-2028’, available with Market Study Report, global smart education & learning system market is projected to expand at 16.9% CAGR over 2019-2028.
 

Mounting demand for digital learning, increasing government initiatives in emerging countries, and technological breakthroughs are the key factors driving global smart education & learning system market growth. Further, growing trend of bring-your-own-device (BYOD) and expanding number of virtual schools are offering lucrative growth prospects.
 

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Notably, developing countries are not as proficient at technology uptake as developed countries, in turn, is negatively impacting the market development. Furthermore, hefty cost of installing e-learning software is stifling the industry progression.
 

Apart from the aforementioned factors, rising security and privacy issues, along with a lack of understanding about e-learning are major challenges for businesses in this domain.
 

As per type, the market is split into software, service, educational content, and hardware. Based on learning mode, the industry segmentation comprises collaborative learning, adaptive learning, blended learning, social learning, simulation-based learning, and virtual instructor-led training. Considering end user scope, the market is divided into corporate and academic.
 

Geographically, Middle East & Africa, North America, Latin America, Asia Pacific, and Europe are the leading contributors to the overall smart education learning system market remuneration. Of these regions, North America industry is expected to record a considerable growth over the coming years, owing to prompt adoption of new technology by various organizations to deliver effective training to their staff.
 

Corporate executives have realized that improving the quality of their employee training programs would lead to increased productivity. The use of software-based solutions to monitor and analyze their employees' daily or weekly performance is becoming more common in major firms.
 

However, several small businesses have found it difficult to implement these high-cost alternatives. This has prompted online learning solution providers to provide these small and medium organizations LMS-hosted services, thereby propelling the market growth in the region.
 

Key contenders operating in global smart education & learning system market sphere are Educomp Solutions Ltd., Adobe Inc., Microsoft Corporation, Cisco Systems Inc., Promethean Ltd., Saba Software Inc., Ellucian Company LP, Citrix Systems Inc., Dell EMC, Blackboard Inc., D2L Corporation, SAP SE, NIIT Ltd., Pearson plc, and Smart Technologies ULC.