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What is the Growth Potential of the Social Emotional Learning SEL Software Market?
Over the past few years, the social emotional learning SEL software market size has grown exponentially. The market is predicted to expand from $1.88 billion in 2023 to $2.35 billion in 2024, witnessing a compound annual growth rate CAGR of 25.1%. The growth during the historic period can be attributed to increasing productivity in education, a focus on social and emotional development, growing self-awareness, rising participation and achievement, and the successful implementation of initial programs and pilot projects.
How is the Social Emotional Learning SEL Software Market Expected to Evolve in the Coming Years?
Further exponential growth is expected in the coming years for the social emotional learning SEL software market. It is projected to skyrocket to $5.78 billion in 2028, maintaining a compound annual growth rate CAGR of 25.3%. Key factors contributing to this growth forecast include the adoption of distance education solutions, government initiatives and funding, the expansion of video and audio features, a focus on behavioral skills improvement, and diverse product offerings.
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What are the Key Drivers Propelling the Growth of the Social Emotional Learning SEL Software Market?
One significant factor propelling the growth of the social emotional learning SEL software market forward is the growing awareness of mental health. Mental health, referring to a person's overall emotional, psychological, and social well-being, impacts how they think, feel, and act. The rising awareness of mental health is due to the increasing prevalence of mental health conditions, the need to combat stigma, and the recognition that mental well-being is crucial for overall health and quality of life. SEL software in mental health helps individuals develop essential emotional and social skills to enhance well-being and resilience. For instance, in May 2024, according to a poll published by the American Psychiatric Association, a US-based professional organization of psychiatrists and trainee psychiatrists, 43% of adults felt more anxious than they did the previous year, an increase from 37% in 2023 and 32% in 2022. This growing awareness of mental health continues to drive the growth of the social-emotional learning SEL software market.
What are the Major Companies Dominating the Social Emotional Learning SEL Software Market?
The social emotional learning SEL software market is commanded by key industry players including Imagine Learning LLC, Panorama Education Inc., Nearpod Inc., EverFi Inc., Second Step, ClassDojo Inc., Committee for Children, NoRedInk Corporation, Kognito Interactive Inc., SchoolMint Inc., Everyday Speech Inc., Move This World Inc., Evolution Labs Inc., Aperture Education LLC, Illuminate Education Inc., Emotional ABCs, Brighten Learning, Inner Explorer Inc., Positive Action Inc., Taproot Learning Inc., BASE Education LLC, Hapara Inc., Edutopia, Peekapak Inc.</b>
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What are the Emerging Trends in the Social Emotional Learning SEL Software Market?
Innovative developments such as virtual learning courses are emerging trends in the social-emotional learning SEL software market. A virtual learning course allows students to access content and participate in learning activities remotely through digital platforms. For instance, in January 2023, Collaborative for Academic, Social, and Emotional Learning CASEL, a US-based organization, launched “An Introduction to Social and Emotional Learning”, an online course. This course presents fundamental insights into the core competencies of social and emotional learning SEL, incorporating interactive modules, real-world applications, and strategies for integrating SEL practices into educational environments, fostering students' personal and academic growth.
How is the Social Emotional Learning SEL Software Market Segmented?
The social emotional learning SEL software market report segments the market:
1 By Component: Solution, Services
2 By Delivery Platform: Web-Based, Mobile Application
3 By End-User: K-12 Education, Higher Education, Corporate And Workplace, Other End-Users
How does the Social Emotional Learning SEL Software Market Perform Across Different Regions?
In 2023, North America was the largest region in the social emotional learning SEL software market. The regions covered in this market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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