by The ASEAN smart education and learning market is comprised of platforms that facilitate online learning and teaching through digital devices and modes. Smart education utilizes interactive educational content, gamification, adaptive learning, and various other digital tools to improve student engagement and learning outcomes. These smart platforms and solutions allow teachers to monitor student performance, develop customized courses, and conduct assessments. The growing trend of digitalization and incorporation of technology in traditional classrooms is driving the demand for smart education across ASEAN countries. Significant government investments to modernize education systems and introduce e-learning are further propelling the market growth.
The global ASEAN Smart Education and Learning Market is estimated to be valued at US$ 354.64 Mn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends
One of the key trends in the ASEAN smart education and learning market is the rise of blended learning. Blended learning combines traditional classroom teaching methods with online digital tools and content to provide flexibility to students. It allows them to learn both in physical classrooms and remotely using digital devices. Various educational institutions in the region are adopting blended learning models post-COVID to continue education amid social distancing. This is increasingly becoming a long-term instructional strategy. Growth of mobile learning through apps is another trend, as mobile devices have become one of the most accessible means of digital education. Educational apps for K-12 and higher education are being widely used to make learning more engaging and personalized.
Porter’s Analysis
Threat of new entrants: The ASEAN smart education and learning market faces moderate threat from new entrants due to high initial investments required to establish operations and compete in the space.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of various smart education solutions available in the market.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to presence of numerous component and technology suppliers in the region.
Threat of new substitutes: Threat from new substitutes is low as smart education solutions currently lack direct substitutes that can provide similar functionalities.
Competitive rivalry: The market is moderately competitive with the presence of numerous regional and global players competing for market share.
Key Takeaways
The global ASEAN Smart Education And Learning Market Demand is expected to witness high growth over the forecast period. The global ASEAN Smart Education and Learning Market is estimated to be valued at US$ 354.64 Mn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 to 2031.
Regional analysis: The Indonesia region dominates the ASEAN market owing to rising government initiatives to improve digital education infrastructure and increasing smartphone and internet penetration in the country.
Key players: Key players operating in the ASEAN smart education and learning market are Ethicon (Johnson & Johnson), Medtronic, Intuitive Surgical, Olympus Corporation, Karl Storz, Teleflex Incorporated, Accuray Incorporated, AngioDynamics, CONMED Corporation, Trovagene, Varian Medical Systems, Medrobotics Corporation, Siemens Healthineers, Atricure, Inc., and Novadaq Technologies Inc.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
