Governments from all around ASEAN are concentrating on implementing digitization initiatives in educational institutions like schools. In addition to setting up internet infrastructure, the government is helping educational institutions provide e-learning programmes. For instance, schools can access cutting-edge technology and digital content through the Singapore government's FutureSchools@Singapore initiative. In order to deliver a sizable number of courses online, the Malaysian government established Malaysia Education Online (MEdO), an online learning platform. The ASEAN Smart Education and Learning market is thus anticipated to increase as a result of these factors in the near future. Through efficient communication and services, the ASEAN Economic Community (AEC) decided to make English its official working language in order to increase the competitiveness of ASEAN nations in other regional markets. Due to the low level of English language proficiency in the ASEAN region, e-learning facilities are in high demand there. Due to their accessibility and convenience while travelling, smartphones are replacing computers in more and more situations. The development of the ASEAN smart learning & education market is being aided by the availability of e-learning applications for smartphones.
As per Coherent Market Insights, The market for Smart Education And Learning in ASEAN, which was valued at US$ 73,787.2 Mn in 2019, is anticipated to grow at a CAGR of 21.7% from 2019 to 2024.
Prominent Companies in the ASEAN Smart Education and Learning Industry
1. Adobe Systems Incorporated
The company was founded in 1982 and is based in San Jose, California, United States. Adobe Inc. creates, distributes, and supports software and technology for computers. Users may convey and utilise information across all print and electronic media thanks to the company's offerings. Adobe declared in September 2022 that it has reached an agreement to pay $20 billion for the software design startup Figma.
2. Unit4 N.V.
The firm was founded in 1980 and is based in Utrecht, Utrecht, and The Netherlands. Customer relationship management and safe e-business transactions are both provided by the company's software. Additionally, Unit4 creates corporate software, a comprehensive accounting package, and software for patient registration and financial tracking in healthcare facilities.
3. Blackboard Inc.
The business was established in 1997 and is located in Washington, D.C., United States. Software for education is offered by Blackboard Inc. The business provides managed hosting, training, enterprise and platform consultancy, online programme administration, and student services. Leading provider of educational technology, Blackboard works with clients in business, government, and higher education institutions all around the world.
4. Extramarks Education Pvt. Ltd.
The company was founded in 2007 and is located in Noida, India. An educational technology business called Extramarks Education offers both online and traditional classroom programmes. The business updated the aesthetic aspects of their logo in April 2022. The company introduced "The Teaching App" in March 2022 for setting up online lessons for educational institutions, teachers, private instructors, coaching personnel, and home tutors.
5. Educomp Solutions Ltd.
The firm was started in 1994 and is based in Gurugram. Programmes for computer education in schools are built up and managed by Educomp Solutions Ltd. In addition, the business offers training for parents, instructors, and students, creates online campuses for educational institutions, and sells toys and compact discs with educational content.
6. Scholastic Corporation
The firm was started in 1920 and is based in New York, New York, United States. A worldwide publishing, education, and media firm based in the United States, Scholastic Corporation creates and distributes books, comics, and instructional materials for use by teachers, parents, kids, and educational institutions. The Hunger Games Prequel and The Ballad of Songbirds and Snakes by Suzanne Collins will be published in paperback editions by Scholastic in April 2023.
7. Cisco Systems Inc.
The company was started in 1984 and is located in San Jose, California, United States. Cisco Systems, Inc. offers networking and information technology services. The company provides cloud computing, software development, data collaboration, enterprise network security, and other related services. Cisco launched its Full-Stack Observability Platform in June 2023. New XDR Solution from Cisco Announced in April 2023
*Definition: The term "ASEAN smart education and learning" refers to the Association of Southeast Asian Nations' adoption of technology in teaching and learning. The ASEAN countries have joined forces to create a platform to implement technology and cutting-edge teaching techniques in the education and learning sector.
