Global Social and Emotional Learning Market Size to grow by US$ 6.39 Bn in 2030.
The Global Social and Emotional Learning Market is projected to grow from USD 2.10 billion in 2021 to USD 6.39 billion by 2030 at a CAGR of 22.77% during the forecast period.
A well-rounded education must include social and emotional learning, and numerous studies have found that those who use it succeed academically. The results of a meta-analysis of 213 school-based universal SEL programs involving 270,034 students through students were used in a study by CASEL. The study found that evidence-based SEL programs benefit students in a variety of ways, from better attitudes to fewer behavioral problems to higher academic performance.
Global travel bans, a state of lockdown, and a halt in various companies supply chains have all been caused by COVID-19's effects on numerous industries. Due to the unpredictability of the positioning of technical gadgets, the ICT sector has also been severely impacted by the ongoing exceptional event. Through the provision of remote social-emotional learning solutions and services, technology organizations and companies have stepped forward to assist educators in providing resources for SEL and wellbeing to students, teachers, and families during the pandemic. Numerous nations have stringent lockdowns, closures, and mobility restrictions as a result of the COVID-19 outbreak to stop the virus from spreading. During the years 2020 and 2021, vendors have seen a significant increase in demand for social and emotional learning products.
The growing use of smart devices as well as government initiatives to provide digital education to children in K–12 schools are the main drivers of the SEL market globally. Digitization initiatives are being undertaken by governments of developing nations in schools, colleges, universities, and other educational institutions. Governments support the availability of e-learning programs at educational institutions in addition to providing broadband infrastructure. Additionally, organizations and governments from all over the world are making investments in the development of social-emotional learning as a component of the core curriculum.
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The process by which both adults and children acquire and put to use the skills, knowledge, and attitudes needed to manage emotions, such as demonstrating empathy, setting and achieving goals, and maintaining positive relationships with their coworkers, friends, etc. is known as SEL. The global market for SEL is anticipated to increase at a faster rate over the forecast period as a result of social-emotional learning's significant recent uptake, particularly in K–12, higher education, and OST communities worldwide. The need for social-emotional learning has steadily increased over the past few years as a result of social-emotional learning's increasing importance as one of the most significant tools for promoting student success and successful school reform.
Numerous colleges have been investigating the benefits of SEL programs and services for students in primary schools. A $5 million government grant was awarded to the College of Education at the University of Alabama in December 2020 to examine the value of social and emotional learning in connection to the academic and general achievement of preschool and elementary school children. The study investigates how social and emotional learning, particularly for elementary pupils, is essential to a student's success in the classroom and life.
The North America region is dominate the market share of the global social and emotional learning market owing to the industry being driven in large part by the market's strong presence of SEL software vendors and significant R&D spending. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period of the social and emotional learning marketdue to the region's adoption of Social and Emotional Learning solutions being fueled by government measures to advance the digital infrastructure. The region also has the highest percentage of students, and as technology advances, there is an increase in demand for distance learning and e-Learning. This forces the industry to adapt to the diverse educational needs of the APAC region's many nations, including Japan, Singapore, Australia and New Zealand (ANZ), China, and India.
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KEY INDUSTRY DEVELOPMENTS:
May 2021- Aperture Education purchased Ascend to increase the scope of its high school social and emotional learning programs. Students can assess their SEL abilities and goal-based SEL tactics using the new platform's access to Aperture's DESSA-Student Self-report. The acquisition also signals a moment of rapid expansion for Aperture, which now supports 42,000 educators and nearly 1 million students across roughly 500 school districts.
August 2021- Nearpod Inc. introduced an Interactive Video Platform in addition to its original video content, enhancing opportunities for active and engaged learning in any environment. To meet the evolving requirements of students and educators across the country, this expansion enables instructors to include the interactive features that Nearpod is renowned for in films.
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