Education stakeholders
proactively incorporate SEL into their curricula to deal with students'
emotions, stress, anxiety, and hostile conduct. The size of the social
emotional learning market is projected to grow from USD 3.6 billion in
2023 to USD 10.3 billion by 2028, at a CAGR of 23.6% during the forecast
period, according to a new report by MarketsandMarketsTM. SEL has been rising
among educators internationally to assist children and adults in their personal
and professional lives to overcome anxiety, despair, and aloofness.
Social Emotional Learning Companies:
Committee for Children (US), EVERFI (US),
Illuminate Education (US), Nearpod (US), Panorama Education (US), SchoolMint
(US), Newsela (US), Playworks (US), Wings of Kids (US), Rethink ED (US)
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Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=245017024
Social and Emotional Learning Market Dynamics:
Drivers:
- Increasing focus on overall development of students.
- Growing implementation of distance education solutions
- Need for social and emotional well-being in educational
institutions
Restraints:
- Absence of appropriate infrastructure in emerging economies.
- Lack of education budget in emerging countries
Opportunities:
- Demand for new learning models with advancements in technologies.
- Emergence of AI, AR, and VR learning trends in K-12 sector
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Despite the outdated idea, SEL is
becoming more popular among educators, parents, and the healthcare industry.
SEL is essential to education and human development. It involves equipping
youth and adults with the skills, knowledge, and attitudes to understand and
manage their emotions, build healthy identities, foster empathy, establish
positive relationships, make responsible decisions, and achieve personal and
collective goals.
Based
on offering, the service segment is expected to grow with the highest CAGR
during the forecast period
Building relationships with peers,
instructors, and others is more accessible for pupils through social-emotional
learning. Through SEL, children and adults learn how to control their emotions
in challenging circumstances. Students acquire these skills through SEL, which
helps them maintain their social connections and demonstrate empathy for
others. Certain service providers assist learners in individual professional
development for career path planning and professional development. These
service providers implement solutions tailored to business processes, such as
network services. Services refer to the support offered by SEL providers to
assist educational stakeholders in efficiently using SEL solutions.
North
America is expected to have the largest market size during the forecast period.
The demand for social and emotional
well-being in educational institutions, expanding government support and
awareness programs. The early deployment of cloud and mobile technology in
North America has also been a significant factor in accepting SEL solutions to
increase worker effectiveness and productivity. The most prominent market
vendors, including Committee forCommittee for Children, EVERFI, Nearpod,
Illuminate Education, and Panorama Education, are present, and their presence
is a significant growth driver for the North American SEL industries.
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