Global Social and Emotional Learning Market Size, Share, and COVID-19 Impact Analysis, By Component (Solutions and Services), By Deployment Mode (Cloud and On-premise), By Core Competencies (Self-management, Self-awareness, Social awareness, Responsible decision-making, and Relationship Skills), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022-2030

KEY MARKET INSIGHTS

The Global Social and Emotional Learning Market is projected to grow from USD 2.10 billion in 2021 to USD 6.39 billion by 2030 at a CAGR of 22.77% during the forecast period.

The process by which adults, adolescents, and children acquire and apply the knowledge, skills, and attitudes necessary to control emotions such as setting and achieving goals, persuading others to feel the same way they do, and maintaining positive relationships with coworkers, friends, classmates, and other people is known as social and emotional learning. The Global Social and Emotional Learning (SEL) Market is expected to develop at a faster rate than average during the forecast period as a result of the tremendous traction that social and emotional learning has gained, notably in higher education, K–12, and OST communities globally.

COVID-19 ANALYSIS  

Global travel bans, a state of lockdown, and a halt in various companies supply chains have all been caused by COVID-19's effects on numerous industries. Due to the unpredictability of the positioning of technical gadgets, the ICT sector has also been severely impacted by the ongoing exceptional event. Through the provision of remote social-emotional learning solutions and services, technology organizations and companies have stepped forward to assist educators in providing resources for SEL and wellbeing to students, teachers, and families during the pandemic. Numerous nations have stringent lockdowns, closures, and mobility restrictions as a result of the COVID-19 outbreak to stop the virus from spreading. During the years 2020 and 2021, vendors have seen a significant increase in demand for social and emotional learning products.  

TREND  

Expanding Government Initiatives to Raise Awareness and Support Propel Market Growth

A rising SEL usage trend has been shown by developments among major market players. For instance, Nearpod and Common Sense Education collaborated to launch their social-emotional learning curriculum, which targets elementary school students as the audience for facilitating SEL competencies.

Numerous colleges have been investigating the benefits of SEL programs and services for students in primary schools. A $5 million government grant was awarded to the College of Education at the University of Alabama in December 2020 to examine the value of social and emotional learning in connection to the academic and general achievement of preschool and elementary school children. The study investigates how social and emotional learning, particularly for elementary pupils, is essential to a student's success in the classroom and life.    

DRIVERS

Progress in Computing in K-12 Sector Drive Market Growth   

The process by which both adults and children acquire and put to use the skills, knowledge, and attitudes needed to manage emotions, such as demonstrating empathy, setting and achieving goals, and maintaining positive relationships with their coworkers, friends, etc. is known as SEL. The global market for SEL is anticipated to increase at a faster rate over the forecast period as a result of social-emotional learning's significant recent uptake, particularly in K–12, higher education, and OST communities worldwide. The need for social-emotional learning has steadily increased over the past few years as a result of social-emotional learning's increasing importance as one of the most significant tools for promoting student success and successful school reform.   

RESTRAINT                              

Lack of Adequate Infrastructure Hamper Market Growth 

Lack of infrastructure in the majority of developing nations prevents the development of their educational systems. Space, clean drinking water, connectivity (electricity, road, and internet), and sanitation make up the bare minimum of educational infrastructure. Additionally, they continue to rely on outdated telecom infrastructure, which is unable to provide low latency and high capacity connectivity. Additionally, many nations' budgets for academic courses are constrained. Due to the bad economy, the government does not have the funding to provide new programs for pupils.

SEGMENTATION INSIGHT  

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.           

REGIONAL INSIGHTS

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

The North America region is dominate the market share of the global social and emotional learning market owing to the industry being driven in large part by the market's strong presence of SEL software vendors and significant R&D spending. The majority of social and emotional learning software is used in the United States. Several organizations in the nation worked with schools to offer SEL programs to students during the COVID-19 pandemic. 

Europe is the second-largest market for social and emotional learning due to the major company's expansion strategy and the expanding number of businesses. The development of artificial intelligence in K–12 education, the invention of virtual and augmented reality technology, and untapped potential in developing nations, which provide promising growth possibilities, are all factors contributing to market growth. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period of the social and emotional learning market due to the region's adoption of Social and Emotional Learning solutions being fueled by government measures to advance the digital infrastructure. The region also has the highest percentage of students, and as technology advances, there is an increase in demand for distance learning and e-Learning. This forces the industry to adapt to the diverse educational needs of the APAC region's many nations, including Japan, Singapore, Australia and New Zealand (ANZ), China, and India.   

LIST OF KEY COMPANIES PROFILED:

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

KEY INDUSTRY DEVELOPMENTS:   

· May 2021- Aperture Education purchased Ascend to increase the scope of its high school social and emotional learning programs. Students can assess their SEL abilities and goal-based SEL tactics using the new platform's access to Aperture's DESSA-Student Self-report. The acquisition also signals a moment of rapid expansion for Aperture, which now supports 42,000 educators and nearly 1 million students across roughly 500 school districts.

• August 2021- Nearpod Inc. introduced an Interactive Video Platform in addition to its original video content, enhancing opportunities for active and engaged learning in any environment. To meet the evolving requirements of students and educators across the country, this expansion enables instructors to include the interactive features that Nearpod is renowned for in films.

 SEGMENTATION

By Component

• Solutions
• Services

By Deployment Mode

• Cloud
• On-premise

By Core Competencies

• Self-management
• Self-awareness
• Social awareness
• Responsible decision-making
• Relationship skills

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy, Spain, Rest of Europe
• Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
• South America- Brazil, Argentina, Colombia, Rest of South America 
• The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa