Kenneth Research, in its repository of market research reports, have recently added a report on the Social and Emotional Learning (SEL) Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Social and Emotional Learning (SEL) products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Social and Emotional Learning (SEL) Market is valued approximately at USD 1.3 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 25% over the forecast period 2020-2027. Social and Emotional Learning (SEL) deals with the recognition and control of feelings among children and adults with a mission to gain successful outcomes and construct healthy partnerships leading to rational decision making. The Promotion of Social and Emotional learnings through various channels such as state agencies and proliferation of computation in Schools drive the market growth for SEL. As in September 2019, Peepak partnered with Nelson to deliver SEL solutions to schools and districts. Further, high capital spending on social and emotional development by policymakers and educators and non-profit organizations fuel the market growth. Moreover, the increasing awareness about various learning applications and addition of new features to these programs develops an extensive product portfolio driving the market growth. As in October 2018, EVVERFI launched a new skillset for students from Navy SEAL foundation and Goldman Sachs with a target to alleviate bullying acts across from the students. Also, in September 2019, Everyday Speech launched new features in its SEL platform which expanded its SEL curriculum by 1000 lessons
However, budget restrictions impede the growth of the market over the forecast period of 2022-2031. Although, implementation of artificial intelligence in the K-12 education sector presents a lucrative opportunity for the market.
The regional analysis of global Social and Emotional Learning (SEL) market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing demand for SEL among the population and increasing government support. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, rising population would create lucrative growth prospects for the Social and Emotional Learning (SEL) market across Asia-Pacific region.
Major market player included in this report are:
Committee for Children
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By End User:
Middle and High Schools
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2022 to 2031
Target Audience of the Global Social and Emotional Learning (SEL) Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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