The social and emotional learning market was valued at US$ 1.56 billion in 2021; registering at a CAGR of 29.7% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
Proliferation of Computing Across Education Sector Catalyzes Social and Emotional Learning Market Growth
Social and Emotional Learning Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Solutions and Services), Type (Wed-Based and Application), Core Competency (Self-Awareness, Self-Management, Social Awareness, Relationship Skills, and Responsible Decision-Making), End User (Pre-K, Elementary Schools, and Middle & High Schools), and Geography (North America, Europe, Asia Pacific, and South and Central America)
Social and Emotional Learning Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
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Source: The Insight Partners Analysis
Social and emotional learning solutions are increasingly used in schools and colleges to regulate emotions and encourage on-time graduation, aid in college enrollment, and enhance financial earning capability during the later stages of their lives. They also aid in enhancing the overall academic performance, scores, and grades along with supporting the cognitive, social, and mental well-being of students. Substantial growth in the education sectors across the world is one of the key factors leading to a positive outlook in the social and emotional learning market. These solutions can be implemented across areas with weak internet connectivity, and they help develop academic and noncognitive skills in children. As a result, the adoption of social and emotional learning solutions is increasing notably across developed and emerging economies. A surge in the adoption of connected and smart devices in e-learning and rapid digitalization in the education sector further accelerate social and emotional learning market growth.
Elementary schools are anticipated to be among the prominent end users of social and emotional learning solutions in the coming years. This segment of end users includes parents, teachers, principals, and legislators, who use social and emotional learning programs and activities to help students develop their academic and social skills. North America holds the highest share of the social and emotional learning market. Most companies in the market in this region have already shifted to digital transformation to compete effectively with each other. In Asia-Pacific, the social and emotional learning market is anticipated to grow at a fastest rate and is expected to grow in the coming years. Increased support & awareness programs initiated by the government towards the importance of social and emotional learning programs in the education curriculum is one of the major factors contributing towards the social and emotional learning market growth in the region. However, higher focus on the academic than additional social and emotional learning programs in emerging nations and lack of proper infrastructure and IT support are expected to limit the social and emotional learning market growth.
Social and emotional learning is the process of endorsing complete child development through digital solutions and services, and innovative teaching methods. These ways of learning are commonly adopted across elementary, pre-kindergarten, and middle and high school classrooms. Moreover, it promotes better mental wellness, along with intervention and prevention measures boosting the mental health ecosystem across the education sector. Self-regulation, persistence, empathy, self-awareness, and mindfulness are some of the major core competencies involved in social and emotional learning activities and programs. By playing an integral role in diversity, equity and inclusion (DEI) across education sectors, social and emotional learning helps students build a different perspective by embracing similarities as well as differences. It also enhances their ability to build relationships.
Committee for Children, Everfi, Nearpod, Illuminate Education, Panorama Education, Hero K12, Newsela, Playworks, Wings for Kids, and Rethink ED are among the key players profiled in the social and emotional learning market study. Several other major companies were studied and analyzed during this study to get a holistic view of the social and emotional learning market and its ecosystem.
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