Smart Education Infrastructure Market to reach $736.48 billion, globally, by 2030 at 17.33% CAGR

The global smart education infrastructure market size was valued at USD 282.35 billion in 2022 and is projected to reach USD 736.48 billion by 2030, growing at a CAGR of 17.33% from 2022 to 2030.

Market Overview:

The developmentof new technologies in the educational sector enables students to learn more, efficiently, flexibly, and comfortably. Students use smart devices to access digital resources through a wireless network and to submerge in both personalized and seamless learning experiences.

The smart education concept provides an enriching learning experience in the digital era and gained popularity and increased attention from educational institutions as well as from students. Intelligent technologies like cloud computing, learning analytics, big data, IoT, and wearable technology promote the rise of smart education practices.

Top Key Players in the Smart Education Infrastructure Market:

IFLYTEK, Shiyuan shares (Shiwo), Topview Information, Honghe Technology, Jiafa Education, Tianyu Information, NewCapec, TASC Software Solutions Ltd, Edmodo, Honghe Technology and other major players.

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Market Dynamics and Factors for Smart Education Infrastructure Market:

Drivers:

Developments in Technologies Excel the Growth in Demand

Increasing adoption of smart education and training via a variety of means of training establishments and corporations is anticipated to force the boom of the smart education infrastructure market. It additionally gives a customizable getting-to-know method that can be used to update conventional schoolroom coaching strategies.

A developing wide variety of educational establishments are embracing the smart training idea via way of means of enforcing high-tech coaching strategies inclusive of smart notebooks, whiteboards, and different technologies.

Developments in technologies excel in the growth in demand for smart learning solutions to improve the learning experience. Smart learning solutions enable visual elements like graphs, images, charts, and presentations, to benefit students grasp the concept faster.

Opportunities:

Introduction of Internet of Things Devices into School Curriculum and Growth for Related Infrastructure

Growing demand for online schooling due to the pandemic and the introduction of Internet of Things devices into school curricula and growth for related infrastructure is a prominent opportunity for the smart education infrastructure market. Due to international lockdowns as a result of the unfolding of the COVID-19 virus, educational institutions have been compelled to shift their traditional approach to educational service.

Thus, there may be a rising demand for online studying systems through instructional institutes and enterprises, mainly due to investments in smart studying solutions.

New-generation classrooms with smart boards, interactive lessons, time-based projectors, and mobile/tablet devices make a practical learning experience for students.

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis.

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Segmentation Analysis of the Smart Education Infrastructure Market:

By Type, the Software as a Service (SaaS) segment is expected to dominate the market. Software as a service provides an affordable e-learning system where teachers can integrate information technology features into the curriculum.

By Application, the Apps for the online course segment is expected to dominate the market. Due to sudden shift in an educational system that forced to go online due to pandemics has certainly made an impact on educational institutions to adopt online education systems and create a platform to provide educational services to all students.

By Type

• IaaS
• SaaS
• PaaS

By Application

• School Management System
• APPs For Online Course

Regional Analysis of the Smart Education Infrastructure Market:

Asia-Pacific is expected to dominate the market during the forecast period. Smart learning solutions are being used in this region to assess the power of online learning approaches.

The region's quick economic expansion is assisting it in becoming one of the world's fastest-growing education markets. India boasts the world's greatest population of people between the ages of 5 and 24, creating an excess of educational options.

By Region     

• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

Key Industry Development:

In February 2020, Pearson and Washington State University reported the reestablishment and extension of their longstanding web-based degree associated with the Carson College of Business. In a strongly aggressive market, where general patterns around MBA application volume are less and many projects are tested to battle enrolment decays, Washington State University's web-based program keeps on expanding enrolment.

In September 2020, SMART Technologies collaborated with Microsoft, Google, and Canvas to create a solution that helps teachers with remote learning integration which enables teachers to use SMART software without the requirement of the SMART Board.

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