Social and Emotional Learning Market Size, Share Forecast 2030
The social and emotional learning (SEL) market is projected to reach USD 10.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 23.40% from 2022 to 2030. The market is being driven by the increasing focus on the holistic development of students, growing awareness of the importance of SEL, and government initiatives to promote SEL programs.
Market Drivers
- Increasing focus on holistic development of students
Schools are increasingly focusing on the holistic development of students, which includes not only academic learning but also social and emotional learning. This is being driven by the growing body of research that shows that SEL skills are essential for success in school, work, and life.
- Growing awareness of the importance of SEL
There is a growing awareness of the importance of SEL among parents, educators, and policymakers. This is due to the increasing number of studies that have shown the benefits of SEL for students, including improved academic achievement, reduced behavioral problems, and increased social-emotional competence.
- Government initiatives to promote SEL programs
Governments around the world are increasingly recognizing the importance of SEL and are supporting the development and implementation of SEL programs. For example, the United States Department of Education has launched the Social Emotional Learning State Grants Program, which provides funding to states to support the implementation of SEL programs.
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Market Segmentation
The SEL market is segmented by component, type, core competencies, end user, and region.
- By component, the market is segmented into solutions and services. Solutions include SEL curriculum, SEL assessments, and SEL professional development. Services include SEL coaching, SEL consulting, and SEL training.
- By type, the market is segmented into web-based and apps. Web-based SEL programs are delivered online, while apps are mobile-based SEL programs.
- By core competencies, the market is segmented into self-awareness, self-management, social awareness, relationship skills, and responsible decision-making.
- By end user, the market is segmented into pre-K, elementary school, middle school, and high school.
- By region, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
North America is the largest market for SEL
North America is the largest market for SEL, followed by Europe and Asia Pacific. The large market size in North America is due to the early adoption of SEL programs in the region. The US Department of Education has been a strong supporter of SEL, and many states in the US have implemented SEL programs in their schools.
The Asia Pacific region is expected to be the fastest-growing market
The Asia Pacific region is expected to be the fastest-growing market for SEL, due to the increasing focus on holistic development of students and the growing awareness of the importance of SEL in the region.
Key Players
Some of the key players in the SEL market include:
- Committee for Children
- EVERFI
- Nearpod
- Illuminate Education
- Panorama Education
- Hero K12
- Playworks
- Newsela
- Wings for Kids
- Rethink Ed
- Oneder Academy
- Purpose Prep
- Evolution Labs
- PEEKAPAK
- Paths Program LLC
Conclusion
The social and emotional learning (SEL) market is a rapidly growing market. The market is being driven by the increasing focus on holistic development of students, growing awareness of the importance of SEL, and government initiatives to promote SEL programs. The North America region is the largest market for SEL, followed by Europe and Asia Pacific. The Asia Pacific region is expected to be the fastest-growing market. Some of the key players in the SEL market include Committee for Children, EVERFI, Nearpod, Illuminate Education, Panorama Education, Hero K12, Playworks, Newsela, Wings for Kids, Rethink Ed, Oneder Academy, Purpose Prep, Evolution Labs, PEEKAPAK, and Paths Program LLC.
