ASEAN SMART EDUCATION AND LEARNING MARKET ANALYSIS

Asean Smart Education And Learning MarketSize and Trends

Market Insight- ASEAN Smart Education and Learning Market

Market Overview

The recent past has witnessed a transition in conventional teaching methods with a smooth and flexible learning process. Educational institutes are actively adopting cutting edge teaching methods including projectors, smart notebooks, whiteboards, etc. There has been coordination among software innovators, hardware providers, and educational material providers. Furthermore, smart education and learning are not bounded by a number of hours, attendance, and location. In layman’s terms, smart learning and education refer to focusing on the applications of mobile instruments and emphasizing on mobility of learners. Although the Smart Education and Learning market is in a nascent stage, developed countries, as well as emerging economies, have started adopting the novel techniques of education and learning actively.

The ASEAN smart education and learning market was valued for US$ 73,787.2 Mn in 2019 is expected to exhibit a CAGR of 21.7% during the forecast period.

Market Trends

1. Availability of desktop/mobile-based open online courses

Reputed international universities such as Harvard University, Massachusetts Institute of Technology, Georgetown University and Boston University are offering online courses open to the general public free of cost. Moreover, technology giants such as Google Inc., Microsoft Corporation, and Facebook Inc. are offering free of cost courses. Some of these courses are certificate and degree courses, which can help professionals in their careers. Moreover, these courses have witnessed significant demand among fresh graduates and professionals since they are free of costs. This trend is expected to continue during the forecast period.

2. Demand for classroom-based and online English learning

There has been a high demand for English learning tools and solutions in ASEAN region, owing to the launch of the AEC. Several language applications for smartphones and distance learning courses in linguistics are in high demand in the ASEAN countries among government and private agency employees alike. Furthermore, the demand for English language fluency is growing among ASEAN countries since more and more employment opportunities are available for English-proficient candidates.