Future Insights: Social and Emotional Learning (SEL) Market Size Estimated to Reach USD 10.2 Billion, with 23.40% CAGR by 2030

Social and Emotional Learning (SEL) Market Synopsis:

The Global social and emotional learning (SEL) market is estimated to develop at a CAGR of 23.40% from 2022 to 2030. The value of the SEL market in 2022 was USD 2.4 billion and it is expected to reach USD 10.2 billion in 2030.

The reason behind the rapid rise in the SEL market is to make students better and let them excel in their preferred fields. Through social and emotional learning an individual can learn self-control, interpersonal skills, self-awareness, etc. All of these will be helpful to them in finding a good job and choosing a better career for themselves.

The absence of proper infrastructure is the only restraint in this process but technologies like augmented reality and virtual reality are acting as an opportunity for the students to learn better.

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Social and Emotional Learning (SEL) Market Competitive Landscape:

The affluent companies in the Social and Emotional Learning (SEL) industry include.

• Committee for Children (US)
• EVERFI (US)
• Nearpod (US)
• Illuminate Education (US)
• Panorama Education (US)
• Hero K12 (US)
• Playworks (US)

Key Drivers of the Market:

The key drivers of the SEL market include:

Growing awareness of the importance of SEL: There is a growing awareness among parents, educators, and policymakers of the importance of SEL. Studies have shown that SEL programs can help improve academic achievement, reduce problem behaviors, and increase social-emotional competence.

Increased investment in SEL programs: Governments and private organizations are increasingly investing in SEL programs. This is due to the growing recognition of the benefits of SEL for individuals, schools, and communities.

Technological advancements: Technological advancements are making it easier to deliver SEL programs. For example, there are now a number of online and mobile SEL programs available.

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Segmentation of the Social and Emotional Learning (SEL) Market:

The SEL market is segmented by component, type, end user, and region.

By component: The market is segmented into solutions and services. Solutions include software, games, and assessments. Services include professional development, training, and consulting.

By type: The market is segmented into school-based and community-based programs. School-based programs are delivered in schools, while community-based programs are delivered in community settings, such as after-school programs and youth centers.

By end user: The market is segmented into schools, businesses, and government agencies. Schools are the largest end user of SEL programs. Businesses are increasingly using SEL programs to train their employees. Government agencies are using SEL programs to improve the well-being of their citizens.

Regional Analysis:

The SEL market is segmented by region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the largest market for SEL, followed by Europe and Asia Pacific. The growth of the market in North America is driven by the increasing awareness of the importance of SEL and the increased investment in SEL programs.

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Social and Emotional Learning (SEL) Market Latest Industry Updates (May 2021):

Panorama Education, a leading provider of SEL assessments and resources, announced that it had raised $60 million in a Series C funding round. This funding is expected to accelerate the development of its SEL platform and expand its presence in the education market. The company’s platform helps schools and educators assess and promote the social and emotional development of students, and the funding is expected to drive innovation and growth in the SEL market.

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