Smart Learning Market Worth $56.5 Billion by 2024 - Exclusive Report by MarketsandMarkets - Seite 2

By learning type, the synchronous learning segment to record a higher growth rate during the forecast period

Synchronous learning is online learning, which happens in real time. In this type of learning, learners can interrupt the tutor and ask their doubts between ongoing sessions. Online communication helps learners' stay-in-touch with their teacher and fellow students. In this type of learning, one individual (instructor) takes a lead role in the learning process by giving instructions to other learners. Several corporate organizations follow the synchronous learning training process to train their employees, wherein experienced employees usually take the role of the instructor, while comparatively less experienced employees take the role of a learner. Synchronous learning has some of the benefits of asynchronous learning, such as classroom engagement, dynamic learning, and instruction depth. In the Smart Learning Market, synchronous learning is picking up the pace and growing at a higher CAGR, owing to technological enhancements enabling users to communicate in real time.

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APAC to record the highest growth during the forecast period

APAC countries considerably contribute to the growth of the Smart Learning Market. The adoption of smart learning solutions has explicitly been implemented in this region to discover the power of innovative learning methodologies. Intrinsic strength and rapid economic growth make this region one of the fastest-growing education markets internationally. Countries such as Australia and Japan are expected to experience significant growth because of wider technological infrastructure. The Smart Learning Market is an upcoming segment with high growth potential in this region. The demand for custom eLearning content and technologies is one of the factors that is driving the Smart Learning Market in APAC. APAC continues to be the largest exporters and consumers of education services. APAC countries differ greatly, some being among the most technologically developed, while others still show signs of major weakness in terms of adopting the latest technologies. Lack of technological access in developing nations and lack of knowledge among end users are the key barriers that limit global educational technology providers from entering Asian countries, such as China and India. Australia and Japan have been submissive to smart learning solutions due to the emergence of innovative devices, such as interactive displays, interactive projectors, and printers. China and India, on the other hand, are now slowly becoming receptive to the incorporation of advanced technologies in sectors, such as Banking, Financial Services, and Insurance (BFSI); education; retail; and government. APAC is considered to be one of the major regions for software providers, as it covers a large terrestrial area and holds significant growth in this market. APAC continues to experience rapid growth in all areas of technology. The region being broad and diverse, not all countries enjoy the same levels of technology expansion and approachability.