USD 25.9 billion
Report ID: SQMIG45E2177 | Region: Global | Published Date: February, 2024 | Pages: 255 | Tables: 63 | Figures: 75
Education & Learning Analytics Market size was valued at USD 25.9 billion in 2021 and is poised to grow from USD 30.3 billion in 2022 to USD 106.41 billion by 2030, growing at a CAGR of 17% in the forecast period (2023-2030).
The education & learning analytics refers to the process of using data to identify the requirements of students and then tailoring educational offerings to meet those needs. It can be used to evaluate the efficacy of various learning strategies, monitor student development and pinpoint problem areas, and provide educators with information on the most effective practices. Globally, the learning analytics (LA) market is expanding quickly in educational institutions, particularly in higher education and Massive Open Online Courses (MOOC) providers, which is driving the demand to increase student retention, success rates, learning experiences, and the effectiveness of course materials.
The growth of the Education & learning analytics market is driven by the growing need for data-driven decisions to improve the quality of education and substantial government programmes for education modernisation. The expansion of this industry is anticipated to be constrained by educational institutions' assumed ignorance of data hygiene and standards for education analytics. The adoption of machine learning and artificial intelligence in education and learning analytics is anticipated to open up new potential for industry players. The biggest obstacles to the market's expansion include misunderstandings about education and learning analytics solutions, data privacy and security issues, and those same issues. Additionally, two significant trends that are pervasive in the worldwide education & learning analytics market are the growing acceptance of distant learning and the expanding use of cloud-based learning analytics systems.
US Education & Learning Analytics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 25.9 billion
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Global Education & Learning Analytics Market is segmented based on the component, application and region. Based on component, the market is segmented into software and services. Based on application, the market is segmented into People Acquisition and Retention, Curriculum Development and Intervention Management, Performance Management, Budget and Finance Management, Operations Management and Others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Education & Learning Analytics Market Analysis by Component
Based on components, The software category is anticipated to hold a greater share of the global market for education & learning analytics in 2022. The capacity of software to identify unique learning styles and anchor content that more closely matches the learner's learning style is primarily responsible for the segment's rise.
Education & Learning Analytics Market Analysis by Application
Based on application, The global market for education & learning analytics is anticipated to be dominated by the performance management sector. The need to track each learner's performance individually and the growing demand from educational institutions for the creation of individualised material are primarily responsible for the high proportion of this market. During the projection period, the segment is also anticipated to increase at the greatest CAGR.
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The global education & learning analytics market is anticipated to be dominated by North America. The U.S. and Canada's education and technological infrastructure is nearing maturity, and the majority of reputable providers of learning analytics are based there. Additionally, the region is maintaining its leadership in the worldwide market thanks to school districts and private institutions' ongoing inclusion of education and learning analytics.
The highest CAGR is anticipated for the Asia-Pacific region during the forecast period. The high growth rate is ascribed to the region's quickly increasing economy, its young, tech-savvy population, rising disposable incomes, rapid infrastructure development, the spread of smartphones and cloud computing, as well as a growing sense of environmental responsibility.
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Education & Learning Analytics Market Drivers
Rapid Evolution in Education Industry to Boost Market Growth during Forecast Period
Education & Learning Analytics Market Restraints
Security Threats to Hinder Market Growth
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Education & Learning Analytics Market Top Player's Company Profiles
Education & Learning Analytics Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our education & learning analytics market analysis, in terms of components, the software segment held a larger market share owing to high preference by users. And in terms of application, the performance management segment contributes to the market growth. Moreover, the market is expanding as a result of the intensifying competition between educational institutions for control over both learning-related and non-learning activities. By controlling all of the learner-related activities, including curriculum, finances, and operations, this software has a tendency to boost productivity. One of the key drivers propelling the market's growth over the forecast period is the rise in demand for data-driven decisions to improve educational quality.
|Market size value in 2021
|USD 25.9 billion
|Market size value in 2030
|USD 106.41 billion
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
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For the Global Education & Learning Analytics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Education & Learning Analytics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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