ASEAN Governments’ Interest in Smart Education and Learning Peaks as Search for Novel Education Methods Continues
The scope of implementing newer technologies and methods in smart education and learning is still immense from a global perspective, even though developing economies are still falling behind than developed ones in terms of investments, demand, and development. Digital education allows students to make the most of the modern day lifestyle. The heavy incorporation of Internet-based activities in everyone’s daily routines is key to the propagation of digital learning among the newer generation of students. Globally, the smart education and learning market is receiving a lot of attention from both private and government entities in terms of utilization and progress.
That said, the ASEAN smart education and learning market is expected to continue expanding at a whopping CAGR of 19.7% within a forecast period from 2016 to 2020, in terms of revenue. This revenue is expected to reach US$88.97 bn by the end of 2020 and was already calculated at US$36.84 bn towards the end of 2015. To clarify the current and future scenario of the ASEAN smart education and learning market, three questions have been answered by analysts from Transparency Market Research:
Q. What are the Current and Future Angles of Development ASEAN Nations are Adopting for ASEAN Smart Education and Learning?
At the moment, a lot of interest is being generated for smart education and learning, especially by governments. Initiatives in the digital realm by governments that are benefiting the ASEAN smart education and learning market at the moment, include increasing the penetration of Internet connectivity, the rapidly increasing use of electronic devices, and an overall evolution of the region’s ICT infrastructure. These factors are making it very easy to lean in towards the implementation of digitized education.
There is still much more in store for those demanding Smart Education and Learning services and technologies in the ASEAN regions, as players are constantly coming up with innovative methods of learning as well as the region adopting useful ones from developed regions. Cloud-based smart education modules and virtual reality classrooms have only just begun to be used in ASEAN countries recently, but have picked up steam quickly.
Q.Is there any Scope for Simulation-based Smart Education and Learning in ASEAN Nations?
In 2015, desktop-based and mobile-based smart education and learning solutions, as a collective segment, had taken up 67% of the ASEAN smart education and learning market. It is likely that these solutions will continue to be highly sought-after till 2020. This is because of the relative ease of implementing a solution on top of a massive user base that already owns various types of consumer electronics with Internet connectivity. However, over time, these solutions are expected to lose importance at a gradual rate, thanks to the introduction of simulation-based solutions. Between 2016 and 2020, simulation-based solutions are expected to expand at a CAGR of 21% within the ASEAN smart education and learning market. This segment is actually expected to eat into the market share held by the more conventional classroom-based solutions, a segment that is therefore expected to experience a decline in interest. Simulation-based solutions are still, however, expected to remain a nascent part of the ASEAN smart education and learning market for a few more years, allowing mobile and desktop-based solutions to continue proliferating.
Q.Where Should Players be Looking for Better Opportunities, Region-wise?
Malaysia had led the ASEAN smart education and learning market in 2015 with a massive 36.9% of market in terms of value. This region boasts of a highly developed ICT infrastructure which makes it very easy to implement the latest solutions in this market. The country’s scope in smart education and learning is further strengthened through the highly positive encouragement by its government regarding the use of smartphones and other connected devices.
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A similar image is seen in Indonesia, where the market penetration of smartphones is already quite high. Both regions are showing a CAGR of 20.3% from 2016 to 2020 in the ASEAN smart education and learning market.