The ASEAN smart education and learning market comprises hardware, software, services and educational content. Hardware includes laptops, interactive displays, tablets and mobile devices. Software covers content delivery, LMS, SIS and admin software.
Asean Smart Education and Learning Market Demand , cost-effectiveness, enhanced learning experiences and analytics for improved decision making. The rising need for flexible learning models and growing internet penetration in ASEAN countries is fueling the demand for smart education solutions.
The Global Asean Smart Education And Learning Market is estimated to be valued at US$ 18 Billion in 2024 and is expected to exhibit a CAGR of 5% over the forecast period 2024-2030.
Key Takeaways
Key players: Key players operating in the Asean smart education and learning market are Blackboard, IBM, Oracle, SAP, Microsoft, Tableau, Adobe, D2L and McGraw-Hill.
Key opportunities: Growing demand for microlearning, game-based learning and massive open online courses (MOOCs) is creating new opportunities in the ASEAN smart education market.
Global expansion: Major players are expanding globally by collaborating with local players and governments in ASEAN countries. They are also focusing on development of personalized and adaptive learning solutions.
Market Drivers
The increasing internet and Asean Smart Education and Learning Companies According to reports, the number of internet users in Southeast Asia is expected to reach 360 million by 2025. This provides a strong base for e-learning platforms and mobile educational apps. Also, the growing emphasis on developing future-ready job skills and competencies through outcome-based education is propelling the smart education market in ASEAN.
PEST Analysis
Political: Education is a major priority for ASEAN governments. Most countries have implemented reforms and invested in technologies to improve access to education.
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Economic: Rising incomes and growing middle class have increased demand for smart education solutions in ASEAN. Governments are also allocating higher budgets for education sector development.
Social: Younger generations are digital natives and prefer technologically enabled learning. Growing internet and smartphone penetration have made mobile learning popular. Demand for lifelong learning and skills development is also rising.
Technological: Advancements like AI, VR/AR, analytics and cloud computing are enabling new education models in ASEAN. Technologies personalize learning and make quality education accessible for students anywhere. Platforms also help track student progress and needs.
Geographical regions
Singapore, Malaysia and Thailand account for a major share of ASEAN's smart education market value currently. This is because of higher technology adoption, infrastructure and availability of quality educators in these countries. Singapore especially has emerged as a regional edtech hub with strong government support and private sector participation.
Fastest growing region
Vietnam, Indonesia and the Philippines are expected to witness the fastest growth in ASEAN's smart education market over the next five years. This is due to rising incomes, rapid urbanization, young demographics and government initiatives to promote digital learning in these nations. The large student populations also make for attractive growth opportunities. Expansion of internet access and cheaper smartphones will further aid the adoption of smart education solutions across various levels.
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163
