Global Mobile Learning is predicted to grow at CAGR of 36.3%. The mobile learning market is expected to grow from $7.98 billion in 2015 to $37.60 billion by 2020.
Every industry has seen a major lift by virtue of modern technology. But, mobile learning plays decisive role in enhancing the value of education industry. Increasing demand for mobile has also enlarged the scope for mobile learning in education industry. The commencement of mobile learning has motivated and encouraged students to learn in a smart and easy way on their smart phone.
According to Ericson forecast, 80% of the world population will be smart phone users by 2021. About 97% millennials in the 18-34 age bracket use their smart phones most of their time for gaining knowledge. There is a paradigm shift in education industry through mobile learning technology. Mobile learning provides easy learning through availability of data at any place or time.
North America captures bulkiest market size in mobile learning industry, while Europe and Asia Pacific countries are expected to grow in future.
According to research conducted by Ambient Insight in 2014, US, China, India, Japan and South Korea are top buying countries of mobile learning technologiesin terms of expenditure.
The study based on 545 responses from decision makers and learners of 16 countries in Asia, which includes 174 members from India itself indicates that, 80% Indian employees find mobile learning useful.
Applications and websites going strong in mobile learning
Applications and websites helped mobile learning to grow faster than expected. These sources of learning made education simpler and affordable. Students are keen to gain more knowledge from these sources, rather than books. Costly books are available free of cost or at cheaper price in the form of pdf on application and websites which are preferred by students of 21st century. These mediums are creating interests in students to learn more.
Gain of Institutions from mobile learning
Education Institutions begin to understand the importance of mobile learning in today’s world. These institutions have their own websites and applications to provide education to students whenever they require through classroom videos. Study material is also provided on these sources for student’s comfort. For clearing doubts of students, communication portals are also available on these sources of mobile learning.
Exemplification of mobile learning industry
Some applications providing platform for mobile learning in education industry are:-
As per Vinay Agrawal, PhD, LLB, the Chancellor at ISBM University quoted "Moving away from the traditional classroom, students are now trotting on more clearer path of education via mobile technology for getting learning paths and enhanced performance support thus them recognizing the benefits of m-learning, hence the approach resulting in higher engagement, collaborative and flexible learning which enables ISBM Group’s team of experienced faculties, content experts, software developers and learning managers to share maximum benefits of ISBM Group’s significant experience and expertise in business and management education with it’s student community.
Other benefits of m-learning for ISBM Group’s student community include audio recording features, access to live lectures, chat and online discussion forums, updated content access and round-the-clock faculty support."
Mobile Learning provides many opportunities for investors to invest. India still has a lot of scope to grow in mobile learning as a mode of education. Education is necessary for all and technology has made the process for acquiring it easier. Mobile usage is increasing with every passing day in India which enhances the use of mobile learning in education. Mobile technology has been growing rapidly and so are the success rates.