The Social and Emotional Learning (SEL) market is expected to grow significantly in the coming years, with a projected CAGR of 23.4% from 2022-2028 and an estimated value of USD 9,025.3 million by 2028. This growth can be attributed to several factors such as increased awareness regarding the importance of SEL among educational institutions, growing demand for digital learning tools that promote SEL skills development among students, increasing government initiatives towards promoting mental health wellness in schools across countries globally, and rising adoption of cloud-based technologies for delivering online SEL programs on a large scale basis.
As per recent research studies conducted by various organizations around the world such as UNESCO Institute for Statistics (UIS), World Health Organization (WHO), etc., it has been found that social emotional learning is extremely important when it comes to developing successful academic outcomes amongst students from prekindergarten through high school age groups; thus making its integration into curriculums all over more imperative than ever before! Additionally, there are also numerous benefits associated with improving one’s social emotional competencies including better self regulation abilities which play an integral role in both physical psychological well-being throughout life stages - further driving up demand within this domain!
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In order to capitalize upon these emerging opportunities within this rapidly expanding sector certain companies have already started investing heavily into innovative technology solutions designed specifically towards enhancing student engagement levels while teaching them essential life skills like communication/collaboration/problem solving etc.; some examples include Microsoft Corporation's 'Mood Meter' app or Google LLC's ‘Google Classroom’ platform – both aimed at providing educators with effective means through which they can measure their student’s progress while simultaneously helping them build valuable interpersonal relationships along the way!
Overall we expect these trends will continue leading up till 2028 resulting in significant gains witnessed within this industry; hence making now an opportune time for investors looking forward to make strategic investments herewith reaping lucrative returns down the line too!!
The social and emotional learning (SEL) market has been segmented into component, type, core competencies, end user, and region/country.
Based on components, the market has been segmented into solutions and services. The services segment of the social and emotional learning market is anticipated to have a higher growth rate during the forecast period.
Based on the type, the market has been segmented into web-based and apps. The apps segment is expected to exhibit the fastest growth during the projected period.
Based on the core competencies, the market has been segmented into self-awareness, self-management, social awareness, relationship skills, and responsible decision-making. The self-awareness segment is expected to exhibit the fastest growth during the projected period.
Based on end-user, the market has been bifurcated into pre-K, elementary school, and middle and high schools. The pre-K segment to grow at the highest CAGR during the forecast period. The increasing use of engaging learning methodologies such as interactive gaming and animated SEL programs would drive the growth of the pre-K segment.
The geographic analysis of the social and emotional learning market has been conducted for North America, Europe, Asia-Pacific, the Middle East Africa, and South America.
Regional Analysis
The global social and emotional learning (SEL) market is expected to gain significant revenue from the various continents during the projected period. The geographic analysis of the social and emotional learning (SEL) market has been conducted for North America, Europe, Asia-Pacific, the Middle East Africa, and South America. North America is classified into the US, Canada, and Mexico. Europe is divided into the UK, Germany, France, and the Rest of Europe. Asia-Pacific is segmented into China, Japan, India, and the Rest of Asia-Pacific. North America holds the leading market position in the social and emotional learning (SEL) market in terms of revenue. The US, Canada, Mexico are the major growth engines of the market. North America has the largest market share for social and emotional learning (SEL) market.
Key Players
Committee For Children (US), Everfi (US), Nearpod (US), Illuminate Education (US), Panorama Education (US), Hero K12 (US), Newsela (US), Playworks (US), Wings For Kids (US), Rethink Ed (US), Oneder Academy (US), Purpose Prep (US), Evolution Labs (US), PEEKAPAK (Canada), Paths Program LLC (US), Move This World (US), Positive Action (US), Growing Leaders (US), Mindsets (Spain), and The Conover Company (US) are the key companies operating in the global Social and Emotional Learning market.
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