SOCIAL AND EMOTIONAL LEARNING MARKET: OVERVIEW

The Social and Emotional Learning Market was valued at USD 1.25 Billion in 2021, the market is projected to grow USD 3.80 Billion in 2030, at a CAGR of 22.77%. Social and emotional learning is the method by which adolescents, adults, and children put and acquire to use the knowledge, skills, and attitudes required to control emotions, such as goal-setting and achievement, persuading others to feel the same way they do, and upholding healthy relationships with friends, coworkers, classmates, and other individuals. Due to the enormous momentum that SEL has amassed, particularly in higher education, K–12, and OST communities internationally, it is anticipated that the Global Social and Emotional Learning (SEL) Market would grow at a quicker pace than average over the projected period. 
 

COVID-19 ANALYSIS

The implications of COVID-19 on multiple businesses have led to global travel prohibitions, a state of lockdown, and a stop in the supply chains of various enterprises. The current unusual occurrence has had a significant negative influence on the ICT sector as well because of the unpredictable posture of technological devices. Technology businesses and corporations have stepped up to support educators in delivering resources for SEL and wellness to students, teachers, and families during the epidemic by offering remote social-emotional learning solutions and services. Due to the COVID-19 outbreak, several countries have rigorous lockdowns, closures, and movement restrictions in place to stop the virus from spreading. Vendors have observed a considerable rise in demand for social and emotional learning goods in the years 2020 and 2021.
 

SOCIAL AND EMOTIONAL LEARNING MARKET: TREND

Rising Awareness and Government Support Drive Market Growth

Developments among the main industry participants have revealed an increasing SEL usage tendency. For instance, Nearpod and Common-Sense Education worked together to introduce their social-emotional learning program, which focuses on promoting SEL abilities for primary school children.
 

The advantages of SEL services and program for pupils in elementary schools have been studied by several institutions. In December 2020, the College of Education at the University of Alabama received a $5 million government grant to study the importance of social and emotional development in relation to the academic and general accomplishment of preschool and elementary school students. The study looks at how social and emotional learning is crucial for students to succeed in the classroom and in life, especially for primary school students.
 

SOCIAL AND EMOTIONAL LEARNING MARKET: DRIVERS

Technology Advances in the K–12 Sector Drive Market Expansion

SEL is the process through which both adults and kids learn and use the abilities, understandings, and dispositions required to control emotions, including exhibiting empathy, making and attaining objectives, and upholding healthy relationships with coworkers, friends, and other people. Due to the strong recent acceptance of social-emotional learning, notably in K–12, higher education, and OST communities globally, it is predicted that the global market for SEL would grow at a quicker rate throughout the projection period. Due to social-emotional learning's growing significance as one of the most important instruments for fostering student achievement and effective school reform, the need for it has gradually grown over the past several years.
 

SOCIAL AND EMOTIONAL LEARNING MARKET: RESTRAIN

Inadequate Infrastructure Restricts Market Expansion

The majority of poor countries are unable to build their educational institutions due to a lack of infrastructure. The minimal minimum of educational infrastructure is made up of room, access to clean drinking water, connection (power, roads, and the internet), and sanitary facilities. They also keep using obsolete telecom infrastructure, which is unable to deliver low latency and high-capacity connectivity. Budgets for academic programs are also limited in many countries. The government lacks the resources to offer students additional programs because of the poor economy.
 

SOCIAL AND EMOTIONAL LEARNING MARKET: SEGMENTATION

The Global Social and Emotional Learning Market is segmented by Component, Deployment Mode, Core Competencies, and Region. Based on the Component, the market is categorized into Solutions and Services. Based on Deployment Mode, the market is categorized into Cloud and On-premise. Based on Core Competencies, the market is categorized into Self-management, Self-awareness, Social awareness, Responsible decision-making, and Relationship Skills. Based on the Region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.           
 

SEGMENTATION: BY REGION

The Global Social and Emotional Learning Market is categorized into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
 

The North America region is expected to dominate the market share owing to the sector being largely driven by the market's strong presence of SEL software suppliers and high R&D investment. The United States is where the bulk of social and emotional learning software is used. During the COVID-19 epidemic, a number of organizations around the country collaborated with schools to provide children with SEL programs.
 

Europe is the second-largest market for social and emotional learning due to the major players development plan and the rising number of enterprises. The introduction of virtual and augmented reality technologies, untapped potential in emerging countries, which provide exciting growth opportunities, and the development of artificial intelligence in K–12 education are all factors influencing market growth. However, due to the region's adoption of social and emotional learning solutions, which is being fueled by government initiatives to advance the digital infrastructure, the Asia Pacific region is expected to experience the highest growth rate during the forecast period of the social and emotional learning market. Additionally, the area has the greatest population of students, and as technology develops, there is a rise in interest in online and remote learning. This pushes the sector to adjust to the various educational demands of the several countries in the APAC area, including China, India, Japan, Singapore, Australia and New Zealand (ANZ), and Australia.
 

SOCIAL AND EMOTIONAL LEARNING MARKET: KEY PLAYERS

• Emotional ABCs
• EVERFI, Inc.
• Committee for Children
• The Social Express®
• Everyday Speech
• Nearpod®
• Illuminate Education.
• Panorama Education
• Playworks.
• Newsela
• Aperture Education
• Others

SOCIAL AND EMOTIONAL LEARNING MARKET: RECENT DEVELOPMENT

• in May 2021- In order to broaden the breadth of its high school social and emotional learning programs, Aperture Education acquired Ascend. The new platform's access to Aperture's DESSA-Student Self-report allows students to evaluate their SEL competencies and goal-based SEL strategies. The purchase also heralds a period of tremendous growth for Aperture, which already serves almost 1 million children and 42,000 instructors across 500 or so school districts.
• August 2021- In addition to its original video content, Nearpod Inc. launched an interactive video platform, boosting prospects for active and engaged learning in any setting. With this extension, teachers will be able to incorporate the interactive elements that Nearpod is known for in movies, which will help them meet the changing needs of students and educators across the nation.

SOCIAL AND EMOTIONAL LEARNING MARKET: REPORT OVERVIEW

The scope of the report includes a detailed study of regional markets for Global Social and Emotional Learning Market. The Global Social and Emotional Learning Market is segmented by Component, Deployment Mode, Core Competencies, and Region. It reveals the market situation and future forecast. The study also covers the significant data presented with the help of graphs and tables. The report covers information regarding the competitive outlook including the market share and company profiles of the key participants operating in the Global Social and Emotional Learning Market.