DUBLIN--(BUSINESS WIRE)--The "Education and Learning Analytics Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Component; Application; End User" report has been added to ResearchAndMarkets.com's offering.
The global education and learning analytics market accounted for US$ 3,277.9 million in 2019 and is projected to reach US$ 16,835.9 million by 2027; it is expected to grow at a CAGR of 23.3% from 2020 to 2027.
The education and learning analytics market is evolving, and the adoption of technology by higher education institutions worldwide is very uneven. Countries, such as the US, the UK, and Australia are considered to be early adopters in this domain. However, regions such as SAM are still at an initial stage of exploring their potentials. This is due to the lack of researchers and skilled professionals in learning analytics in the region.
The US is the leading country in the global education and learning analytics market as the country exhibits great awareness and interest in adopting new technologies to enhance the quality of higher education. However, several emerging economies across the globe still face technical and infrastructural challenges and issues related to data stewardship and access to data.
Geographically, the education and learning analytics market is fragmented into five regions-North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America held the largest share of the global education and learning analytics market in 2019. The US and Canada are among the most advanced countries in the region, in terms of technology adoption in almost every sector, including education and training. Moreover, the presence of major education and learning analytics players, along with the widespread awareness regarding these solutions, is anticipated to further propel the market growth during the forecast period.
The data generated by different educational institutions through learning analytics can be further used by the governments of the North American countries to develop policies related to education. Educational institutions implement learning analytics to enhance their understanding of learner groups to be able to offer customized content as well as to reduce the rate of student attrition. Likewise, the faculty can design the curriculum leveraging software solutions for learning analytics.
Reasons to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the education & learning analytics market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect technology and solution type.
Market Dynamics
Drivers
- Increasing demand for quality assurance and quality improvement in education system
- Increasing adoption of advanced technology among educational institutes in developing countries
Restraints
- Misinterpretation of data and lack of supporting infrastructure in universities and schools
Opportunities
- Increasing demand for online courses and professional certifications
Future Trends
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Growing trend of artificial intelligence
Companies Mentioned
- Watershed Systems, Inc.
- SAS Institute Inc.
- SAP SE
- Microsoft Corporation
- Happiest Minds
- Ellucian Company L.P.
- Blackboard Inc.
- Alteryx Inc.
- InetSoft Technology Corp.
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Saba Software, Inc.
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