PUBLISHER: The Business Research Company | PRODUCT CODE: 1428270
PUBLISHER: The Business Research Company | PRODUCT CODE: 1428270
Social and emotional learning (SEL) is a fundamental framework through which individuals of all ages cultivate the skills to pursue their specific goals, comprehend and regulate their emotions, nurture meaningful relationships, make informed decisions, and experience and express empathy. SEL establishes a robust foundation for students to explore themselves and others within a supportive educational environment.
The primary components of social and emotional learning encompass solutions and services. Social and emotional learning solutions are implemented in schools to impart knowledge to children about self-awareness, empathy, and responsible decision-making techniques, all while fostering a friendly and supportive learning atmosphere. Web-based and application insights incorporate essential competencies such as self-awareness, self-management, social awareness, relationship skills, and responsible decision-making for pre-k (prekindergarten), elementary schools, and middle and high school end-users.
The social and emotional learning research report is one of a series of new reports from The Business Research Company that provides social and emotional learning market statistics, including the social and emotional learning industry's global market size, regional shares, competitors with social and emotional learning market share, detailed social and emotional learning market segments, market trends and opportunities, and any further data you may need to thrive in the social and emotional learning industry. This social and emotional learning market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The social and emotional learning market size has grown exponentially in recent years. It will grow from $2.53 billion in 2023 to $3.15 billion in 2024 at a compound annual growth rate (CAGR) of 24.4%. The expansion in the historical period can be ascribed to the acknowledgment of the significance of comprehensive education, emphasis on mental health and well-being within schools, embracing student-centered and personalized learning methods, heightened awareness of bullying and school violence, and the execution of character education programs.
The social and emotional learning market size is expected to see exponential growth in the next few years. It will grow to $7.03 billion in 2028 at a compound annual growth rate (CAGR) of 22.2%. The anticipated growth in the upcoming period can be credited to the impact of education policy placing emphasis on social and emotional learning (SEL) skills, an increase in teacher training and professional development, parental demand for a holistic education, the proliferation of digital and online SEL resources, and the adoption of SEL in workforce development programs. Notable trends in the forecasted period encompass the integration of machine learning, the development of SEL programs tailored for specific learning challenges, the incorporation of artificial intelligence, collaborative efforts between schools, communities, and businesses in SEL initiatives, and technological advancements facilitating remote and hybrid learning.
The increasing adoption of distance education solutions is poised to drive the expansion of the social and emotional learning market. Distance education, involving online classes without the need for physical presence, is supported by solutions promoting inclusive education and equipping students with the emotional intelligence, resilience, and interpersonal skills necessary for thriving in virtual environments. For instance, as of January 2022, data from the World Economic Forum indicates that Coursera's online course registrations reached 92 million students in 2021, with over 20 million new learners compared to the previous year's record of 71 million. Consequently, the growing implementation of distance education solutions is a significant factor fueling the growth of the social and emotional learning market.
The increase in investment in the education sector is anticipated to contribute to the growth of the social and emotional learning market. Investment in the education sector involves allocating financial resources to educational institutions, programs, and initiatives. This heightened investment supports social and emotional learning by directing funds towards programs, resources, and training designed to enhance students' well-being and interpersonal skills alongside their academic development. As of December 2022, the UK government, through the Department of Education, Training, and Skills, announced an allocation of nearly £490 million in funding for universities and colleges across the UK, aiming to enhance science, technology, engineering, and math (STEM) education. Hence, the upsurge in spending in the education sector acts as a catalyst for the growth of the social and emotional learning market.
Social and emotional learning market is witnessing a significant trend towards product innovation. Key players in the market are actively introducing innovative solutions to maintain their competitive edge. For example, in April 2022, Panorama Education, a US-based data analytics firm specializing in K-12 schools, unveiled Panorama for Positive Behavior. This educational platform is designed to enhance classroom culture and promote positive behavior practices for instructors. Accessible on both mobile and desktop, the application aims to support student success by reinforcing positive conduct through coaching tools and analytics, fostering collaboration between district leaders and teachers.
Major companies in the social and emotional learning market are emphasizing advanced solutions such as student assessment tools to improve personalized learning experiences. Student assessment tools in the realm of social and emotional learning involve instruments or methods to evaluate and measure students' social and emotional skills. For instance, in June 2021, Aperture Education, a US-based provider of research-based social and emotional learning assessments for K-12 schools, introduced Aperture's student-facing portal. This portal includes the DESSA Middle School Student Self-Report, capturing student voices on their social and emotional skills. Additionally, it offers gamified activities for students to enhance their competence, aligning with specific growth areas tailored for grades 6-8. The SEL Strategies and Interventions Package provides teachers with practical recommendations aligned with students' DESSA assessment results.
In June 2023, Panorama Education, a US-based educational technology company, acquired Mesa Cloud Inc. for an undisclosed amount. This strategic acquisition bolsters Panorama's service offerings, enabling schools and districts to identify local needs accurately and implement interventions, tools, or systems to enhance both learning and well-being. Integrating Mesa Cloud's services further enhances Panorama's ability to assess student performance and provide support throughout the entire educational journey, from elementary school to graduation. Mesa Cloud Inc. specializes in graduation management systems with a focus on social and emotional development.
Major companies operating in the social and emotional learning market report are Pearson PLC, Udemy Inc., Coursera Inc., Promethean World Ltd., Outschool, Byju's, Vector Solutions, Kahoot!, Hurix Digital, edX Inc., TutorMe, BASE Educational Services Private Limited, Panorama Education, EVERFI Inc., Nearpod Apps LLC, Quizlet, Edmentum Inc., BrainPOP, Illuminate Education, Rethink ED, Aperture Education LLC, Everyday Speech, Emotional ABCs, Kickboard Inc., Evolution Labs Inc., The Social Express Inc., Peekapak, Taproot Learning, Weld North LLC.
North America was the largest region in the social and emotional learning market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the social and emotional learning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the social and emotional learning market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The social and emotional learning market includes revenues earned by entities by providing services such as holistic support and enrichment, cultivating safe and healthy learning environments, social and emotional learning (SEL) curriculum, social and emotional learning competencies, and also helping individuals develop social and emotional skills that are important for their personal and academic success. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Social And Emotional Learning Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on social and emotional learning market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for social and emotional learning ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The social and emotional learning market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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