Pune, India, March 30, 2023 (GLOBE NEWSWIRE) -- The global social and emotional learning market size was valued at USD 0.92 billion in 2021. The market is projected to grow from USD 1.13 billion in 2022 to USD 5.21 billion by 2029, exhibiting a CAGR of 24.5% during the forecast period. Focus on students learning ability amid pandemic to boost market growth.
Fortune Business Insights, provide this information in its report titled, “Social and Emotional Learning Market Forecast, 2022-2029.”
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Key Industry Development
June 2021: Second Step SEL for Adults is a social and emotional learning program that the Committee for Children introduced for K–12 instructors. With the use of new resources, abilities, and technologies, educational institutions can foster social and emotional learning.
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2022 to 2029 |
| Forecast Period 2022 to 2029 CAGR | 24.5% |
| 2029 Value Projection | USD 5.21 Billion |
| Base Year | 2021 |
| Social and Emotional Learning Market Size in 2021 | USD 0.92 Billion |
| Historical Data for | 2018 to 2020 |
| No. of Pages | 130 |
| Segments covered | Type, End-user and Geography |
Key Takeaways:
- Social and Emotional Learning Market size in North America was USD 0.29 billion in 2021
- Major driving factors include growing adoption of distance learning
- The web based segment has the largest share in the global market.
- Global demand is driven by the rising demand in educational institutions.
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Driving Factors
Virtual Reality Powered SEL to Boost Future Market Growth
The use of virtual reality technology is growing across many different businesses and countries. In recent years, the education sector has seen a major uptake of virtual reality due to the interactive learning environment it offers. Similar to this, the incorporation of VR into learning resources is showing consumers that it has a significant impact. The tools are improved by technology to the next level in order to instill skills through engaging and enjoyable activity.
To access the learning tools, the right infrastructure is needed such as internet connectivity, computers or smart phones, and more. However, not every household or school in the world has these essential amenities to assist children's skill development.
Segments
Easy Access to Fuel Web-based Tools Demand
The scope of the study considers web-based and application based on type.
Web-based segment is expected to gain maximum segment share during the forecast period.
Growing Government Policy for Academic Skill Development to Boost Educational Institutions Share
Parents, educational institutions, and therapists & psychologists are considered as end-users for social and emotional learning solution.
Educational institutions segment is expected to gain a dominant segment share during the forecast period.
Geographically, the market is divided across North America, South America, Europe, the Middle East & Africa, and Asia Pacific. Furthermore, key countries are studied under these five regions, respectively.
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Regional Insights
North America to Dominate Stoked by Increasing Significance of Social and Emotional Learning
With a majority revenue, North America dominated the global social and emotional learning market share. Due to increasing understanding of the importance of social and emotional skills, the U.S. is projected to gain a sizable portion of the region.
According to the report, Europe will experience tremendous growth during the projection period. Important European nations, including the U.K., Germany, Italy, and Spain to mention a few, are investing heavily in improving children's talents.
China, Japan, South Korea, India, and other countries are interested in fostering children's social and self-awareness. As a result, it is predicted that Asia Pacific will experience significant social and emotional learning market growth during the forecast period.
Competitive Landscape
Innovative Product Launch Announcement by Key Players to Bolster Market Growth
The prominent players adopt several strategies to bolster their position in the market as leading companies. One such key strategy is acquiring companies to bolster the brand value among users. Another essential strategy is periodically launching innovative products with a detailed study of the market and its target audience.
List of Key Players Covered in the Report
- Emotional ABCs (U.S.)
- Blackbaud (EVERFI, Inc.) (U.S.)
- Committee for Children (U.S.)
- The Social Express Inc. (U.S.)
- Everyday Speech (U.S.)
- Panorama Education (U.S.)
- Peekapak Inc. (Canada)
- Illuminate Education (U.S.)
- BASE Education (U.S.)
- Nearpod Inc. (U.S.)
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Major Table of Contents:
- Global Social and Emotional Learning Market Size Estimates and Forecasts, By Segments, 2018-2029
- Key Findings
- By Type (USD)
- Web-based
- Application
- By End User (USD)
- Parents
- Educational Institutions
- Therapists & Psychologist
- By Region (USD)
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
- North America Social and Emotional Learning Market Size Estimates and Forecasts, By Segments, 2018-2029
- Key Findings
- By Type (USD)
- Web-based
- Application
- By End User (USD)
- Parents
- Educational Institutions
- Therapists & Psychologist
- By Country (USD)
- United States
- Canada
- Mexico
- South America Social and Emotional Learning Market Size Estimates and Forecasts, By Segments, 2018-2029
- Key Findings
- By Type (USD)
- Web-based
- Application
- By End User (USD)
- Parents
- Educational Institutions
- Therapists & Psychologist
- By Country (USD)
- Brazil
- Argentina
- Rest of South America
- Europe Social and Emotional Learning Market Size Estimates and Forecasts, By Segments, 2018-2029
- Key Findings
- By Type (USD)
- Web-based
- Application
- By End User (USD)
- Parents
- Educational Institutions
- Therapists & Psychologist
- By Country (USD)
- United Kingdom
- Germany
- France
- Italy
- Spain
- Russia
- Benelux
- Nordics
- Rest of Europe
TOC Continued…!
FAQs
How big is the social and emotional learning market?
Social and emotional learning market size was USD 0.92 billion in 2021. It is expected to reach USD 5.21 billion by 2029.
How fast is the social and emotional learning market growing?
The social and emotional learning market will exhibit a CAGR of 24.5% during the forecast period, 2022-2029
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