The Global Education and Learning Analytics Market is forecast to reach USD 55.83 Billion by 2026, according to a new report by Reports and Data.
New York City, United States – May 19, 2020 /MarketersMedia/ —
The Education and Learning Analytics helps instructors and educators for formulating teaching strategies to support students effectively. The system is a unique technology that is used in the education industry for setting content as per the local needs of the students in different parts of the world. Education and Learning Analytics based on analytics types such as Predictive analytics, Prescriptive analytics, and Descriptive analytics. The rising demand for smart education market is booming this Education and Learning Analytics market. The favorable circumstances in the Education and Learning Analytics lie with the need for data-driven decisions and Mobile Learning to improve education quality. The rising applications in educational institutes and Enterprise/corporate industry verticals are boosting the market of such technology.
This report covers the current COVID-19 effects on the economy. This outbreak has brought along drastic changes in world economic situations. The current scenario of the ever-evolving business sector and present and future appraisal of the effects are covered in the report as well.
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Companies considered and profiled in this market study
IBM, TIBCO, Microsoft, Oracle, SAP, SAS Institute, Tableau Software, MicroStrategy, Alteryx, Qlik, SABA software, and Blackboard among others.
For the purpose of this report, Reports and Data have segmented into the global Education and Learning Analytics Market on the basis of Analytics, deployment type, application, industry vertical and region:
Deployment Type Outlook (Revenue, USD Billion; 2016-2026)
• On-Premises Deployment
• Cloud-Based Deployment
Application Outlook (Revenue, USD Billion; 2016-2026)
• People acquisition and retention
• Curriculum development and intervention
• Performance management
• Budget and finance management
• Operations management
• Others
Analytics Outlook (Revenue, USD Billion; 2016-2026)
• Predictive analytics
• Prescriptive analytics
• Descriptive analytics
Industry Vertical Outlook (Revenue, USD Billion; 2016-2026)
• Academic
• Higher Education
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Further key findings from the report suggest
• Enterprise/corporate industry vertical held the largest market share of 59.2% in the year 2018. The adoption of these solutions in the banking sector is expected to observe high growth, primarily attributed to the expanding use of core banking systems that estimate digital credit for customers based on their profile.
• The Operations management segment is forecasted to witness the highest CAGR of 16.8% during the forecast period. This segment is rising since it permits access to interactive and easy-to-analyze live statistics about the learner and emphasize more on improvement areas. Raised awareness of these benefits is expected to drive the approval of such analytics techniques in the academics sector shortly.
• Predictive analytics segment is forecasted to witness the highest CAGR of 17.5% during the forecast period. China became the largest consumer of this segment, as Predictive analytics developed as a promising field, presenting insights to students and teachers for adopting enhanced practices to advance performance.
• Europe is expected to witness the highest CAGR of 18.6% during the forecast period. Countries like Germany, France, UK, and Belgium are rapidly catching up due to the presence of a plentiful number of solution manufacturers of this market.
Regional Outlook (Revenue, USD Billion; 2017-2027)
• North America
• Europe
• Asia Pacific
• MEA
• Latin America
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To summarize, the global Education and Learning Analytics market report studies the contemporary market to forecast the growth prospects, challenges, opportunities, risks, threats, and the trends observed in the market that can either propel or curtail the growth rate of the industry. The market factors impacting the global sector also include provincial trade policies, international trade disputes, entry barriers, and other regulatory restrictions.
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Source: MarketersMedia
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