Upswing: Economic condition with Future prospective of ASEAN Smart Education and Learning Market
Pune, Maharashtra,India, November 9 2020 (Wiredrelease) Origius Systems Private Limited –:The world is facing an unpredicted change and many of the industries are facing tough situations due to the COVID-19 pandemic. The COVID-19 outbreak has a positive impact on the ASEAN smart education and learning market. ASEAN smart education and learning refers to the utilization of technology for training and educating people in the South East Asian Nations. This region has adopted a unique platform or technology and advanced methods to enhance their education industry. In addition, ASEAN region is constantly investing more money for development of advanced technology that aids the education and learning system. Moreover, smart education and learning technology has opened new opportunities and job for residents. Recent developments such as AI, VR, gamification, and learning analytics have improved smart education and learning by improving various aspects such as speech recognition, planning, and problem-solving capability. During this coronavirus crisis situation, we are helping our clients in understanding the impact of COVID-19 on the ASEAN smart education and learning market.
According to a new report published by Research Dive, the ASEAN smart education and learning market is projected to garner a revenue of $363.0 billion by the end of the forecast period.
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The ASEAN smart education and learning market is divided on the basis of delivery mode, end-user, and region. The report provides detailed information about drivers, opportunities, restraints, segmental analysis, and competitive players of the market. As per our analysts, rise in the number of smart phone consumers and developing ICT sectorhas increased the demand of the ASEAN smart education and learning market.
The Simulation-Based Delivery Model Segment is anticipated to rise with a Healthy CAGR till 2027
Based on the delivery mode, the ASEAN smart education and learning market is segmented into classroom-based, desktop or mobile based, and simulation based. Among these, the simulation based delivery model is anticipated to rise with a healthy CAGR and account for highest revenue in the forecast period. Technological advancements of simulation based delivery model and mounting adoption of this delivery model for teaching has enhanced the demand of his segment.
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The Language Training End-User is anticipated to observe Lucrative Growth in the Forecast Period
Based on the end-user, the ASEAN smart education and learning market is segmented into higher education, transnational education, TVET, language training, early childcare & preschool, continual professional development, qualifications, and assessment & standards. Among these, language training accounted for the maximum share in terms of revenue generation. Formation of ASEAN Economic Community (AEC) to promote the development of official language has enhanced the demand of the language training end-user.
Regional Outlook and Major Market Players
The ASEANsmart education and learning market is analyzed across various parts of ASEAN countries such as Malaysia, Philippines, Indonesia, Singapore, Thailand, Vietnam, and Rest of ASEAN countries such as Cambodia, Laos, Burma, and Brunei. Among these, Malaysia country region dominated the market in terms of revenue generation. Factors such as strong information technology sector and rise in the number of internet users in this region has dominated the market in Malaysia.
There are several players in the ASEANsmart education and learning market but major key-players include Adobe, Blackboard Inc., Extramarks, Cisco Systems, Inc., Saba Software, Scholastic Inc., SMART Technologies ULC, NIIT LTD., Educomp Solutions Ltd, Educated Solutions Corporation., and others.
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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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