PUBLISHER: Market Research Future | PRODUCT CODE: 1503276
PUBLISHER: Market Research Future | PRODUCT CODE: 1503276
Global Social and Emotional Learning Market Research Report Information by Component (Solution, Services), By Type (Web-Based, Apps), By Core Competencies (Self-Awareness, Self-Management, Social Awareness, Relationship Skills, Responsible Decision-Making), By End-User (Pre-K, Elementary Schools, Middle and High Schools, Others) And By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) -Industry Forecast Till 2030
In 2022, the market for social and emotional learning was estimated to be worth USD 1,488.70 million. According to projections, the market for social and emotional learning is expected to expand at a compound annual growth rate (CAGR) of 16.8% from USD 1,713.80 million in 2023 to USD 6,914.30 million by 2032. Over the course of the forecast period, the market for social and emotional learning is anticipated to rise significantly due to a number of factors. Key factors including the spread of technology in the K-12 sector and the rise in educators concentrating on social and emotional learning are anticipated to propel the expansion of the social and emotional learning market. It is anticipated that some limitations, such as the lack of suitable infrastructure in developing and undeveloped economies, may limit market expansion. However, the global market is presented with lucrative potential due to the introduction of AI, AR, and VR learning trends, as well as the increased emphasis on distant learning.
Since most courses for programs in social and emotional learning are offered online or digitally, an increase in distance education alternatives has benefited the social and emotional learning sector. 1.1 billion students, or about 62% of the total enrollment, were still being impacted by 123 countrywide closures as of June 2020, according to data from the UNESCO Institute for Statistics (UNESCO 2020c). While COVID-19 forced the closure of schools, most governments created and implemented extensive programs for remote learning. Multimodal learning strategies aimed at reaching all children have been used in most countries. The providers of social and emotional learning also tried to make the curriculum available online in order to reach as many students as possible. In the past, teachers assisted in providing SEL lessons in the classroom. Parents are involved in their children's education at home in addition to in schools because the courses are accessible from anywhere at any time. Thus, the market CAGR is being driven by this aspect.
Insights on Market Segments
The Social and Emotional Learning Market Segmentation comprises Services and Solution based on Component.
The market is split into Web-Based and Apps segments based on type.
Self-awareness, self-management, social awareness, relationship skills, and responsible decision-making are included in the market segmentation for social and emotional learning based on the Core Competencies.
Pre-K, elementary, middle, and high schools are included in the Social and Emotional Learning Market segmentation based on the End User.
Regional Perspectives
Europe accounted for 36.7% of the revenue in the Social and Emotional Learning market in 2022, and it is anticipated that it will continue to lead the market during the forecast period. Europe's market for social and emotional learning (SEL) is expanding as more schools come to understand the value of holistic development. Relationship skills, self-awareness, and emotional intelligence are all encouraged in SEL programs.
In recent years, North America's market for social and emotional learning has grown significantly. The growth of the industry has been attributed to several factors, including the growing understanding of the significance of social and emotional skills, their influence on both academic achievement and general well-being, and the incorporation of SEL into educational policies and programs.
The marketplaces in the Asia Pacific area are diverse, with differing degrees of economic growth and educational systems. New Zealand, Australia, and Singapore are renowned for having sophisticated educational systems that place a strong emphasis on SEL.
In the MEA region, parents, legislators, and educators are realizing more and more how crucial SEL is to fostering students' complete development.
Principal Players
Aperture Education, BASE Education, Positive Action, Inc., Weld North, Rethink, The Conover Company, Wings for Kids, Committee for Children, EVERFI, Inc., Growing Leaders, Illuminate Education, 7 Mindsets, Move This World, Nearpod, Newsela, Ori Learning, Panorama Education, PATHS PROGRAM HOLDING LLC., PEEKAPAK, Playworks, and Others are some of the leading companies in the market.