Smart education and learning aims to provide digital and online platforms for education to facilitate learning experiences. Introduction of technologies such as augmented reality, virtual reality, interactive whiteboards, learning management systems, and adaptive learning has revolutionized the traditional education system. These technologies enable interactive learning and help improve learning outcomes.
The global ASEAN Smart Education and Learning Market is estimated to be valued at US$ 354.64 Mn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The emergence and increasing adoption of advanced technologies is one of the key trends driving the growth of the ASEAN smart education and learning market. Technologies such as artificial intelligence, machine learning, Internet of Things (IoT), and big data analytics are gaining prominence in the education sector. These technologies help personalize learning experiences for students according to their learning patterns and behavior. For instance, adaptive learning powered by machine learning automatically adjusts the content difficulty based on a student's performance. Similarly, big data collected from various sources helps understand students' learning habits and identifies areas needing more focus. Furthermore, the integration of augmented reality and virtual reality in education is enhancing visual learning experiences and making them more immersive. This wide adoption of advanced digital technologies in the education system is projected to propel the ASEAN smart education and learning market growth over the forecast period.
Segment Analysis
The ASEAN smart education and learning market is dominated by the K-12 sub-segment owing to the increasing adoption of technology in schools across the region. K-12 education providers are increasingly investing in digital learning tools and solutions to engage students and improve learning outcomes. The higher education sub-segment is also growing due to the rising demand for e-learning and blended learning programs from universities and colleges in ASEAN countries.
Key Takeaways
The ASEAN Smart Education And Learning Market Demand is expected to witness high growth over the forecast period due to rising investments by governments and private players in digital education infrastructure and solutions. The growing need to improve the quality of education and skills of students will drive demand. The global ASEAN Smart Education and Learning Market is estimated to be valued at US$ 354.64 Mn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 to 2031.
Regional analysis
Southeast Asian countries like Singapore, Indonesia, and Malaysia are dominating the ASEAN smart education and learning market currently. Governments in these nations have developed comprehensive digital education plans and are aggressively promoting e-learning. Private stakeholders have also increased investments to provide smart campus solutions and technologies. Thailand and Vietnam are expected to offer lucrative growth opportunities during the forecast period with major edtech initiatives being undertaken.
Key players
Key players operating in the ASEAN smart education and learning market are Ethicon (Johnson & Johnson), Medtronic, Intuitive Surgical, Olympus Corporation, Karl Storz, Teleflex Incorporated, Accuray Incorporated, AngioDynamics, CONMED Corporation, Trovagene, Varian Medical Systems, Medrobotics Corporation, Siemens Healthineers, Atricure, Inc., Novadaq Technologies Inc. These companies are focusing on partnerships, acquisitions, and new product launches to gain market share.
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