The Global Smart Education & Learning Market is expected to grow at an impressive rate during the forecast period as it is driven by the rise in the number of virtual schools.
Additionally, the shifting preference of education institutes, students, and corporates towards smart methods of learning is expected to propel the market through 2026.
Besides, the emergence of connected devices and BYOD concepts is further expected to foster market growth during the forecast period.
Furthermore, proactive initiatives by the different governments across the globe are expected to positively impact the market growth over the next few years.
However, high infrastructural costs and implementation costs can hamper market growth through 2026. Moreover, security and privacy issues can further impede market growth.
The Global Smart Education & Learning Market is segmented based on component, deployment mode, learning type, learning mode, type of content, end-user, company, and region.
Based on components, the market can be categorized into hardware, software, and service. The service segment is expected to dominate the market during the forecast period.
This can be ascribed to the increasing demand from end-users since it ensures the effective functioning of software throughout the process.