The key players operating in the Education & Learning Analytics Market are 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 artificial intelligence and machine learning 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. , The 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. , Education & Learning Analytics Market Dynamics , Drivers , Rapid Evolution in Education Industry to Boost Market Growth during Forecast Period , Analytics-related technological breakthroughs have significantly and favourably transformed educational systems. Modern educational institutions are increasingly relying on e-learning tools and resources to get better results. As e-learning approaches are utilised more frequently, a lot of data is generated regarding student performance, courses and activities, teachers and faculties, and other topics. With the use of education and learning analytics, institutions and organisations may implement creative tactics to engage both present and potential students. Additionally, educational institutions can make critical data-driven decisions regarding hiring, retaining, and graduating students as well as about faculty productivity and research with the use of education & learning analytics. Educational institutions are now realising the possibilities of data analysis and utilising learning analytics solutions to improve the quality of their instruction and training outcomes. , Learning analytics' investigation of the relationships between using learning systems and various outcomes can be helpful to learners, instructors, administrators, researchers, and learning system designers. In an effort to increase the productivity of students, learners, and faculty members, governments around the world are initiating initiatives to encourage education & learning analytics. For instance, the Ontario government said in 2021 that it would spend USD 50 million on educational technology and online education to make Ontario Made education more widely available and competitive on a worldwide scale. As a result, it is projected that growing government activities would support and promote the adoption of education and learning analytics. , Restraints , Security Threats to Hinder Market Growth , The collecting, storing, and analysing of data are always of importance. There could be several problems if this data were compromised. For high-quality data with a wide scope that might not be included in learner data, truly accurate models are necessary. Analytics also needs to take into account various academic fields. Instead of just being used in a general and cross-institutional manner, this must be carefully created and tailored for the environment. Through the projection period, these issues are causing impending challenges for the Educational and Learning analytics. , Education & Learning Analytics Market Competitive Landscape , education & learning analytics market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. , Recent Developments , In October 2022, Alteryx, Inc. (NYSE: AYX), the Analytics Automation company, today announced Alteryx Inspire EMEA 2022 - the company’s annual in-person customer and partner conference - at the RAI in Amsterdam, NL from October 17th - 20th. , Education & Learning Analytics Key Market Trends , A good forecast for the market is mostly due to the significant growth of the education sector and the growing use of machine learning (ML) technologies. Along these lines, the widespread use of certain software-based systems, including virtual learning environments (VLE), learning management systems (LMS), student information systems, and library management systems, is also promoting market expansion. The spread of e-learning tools has increased productivity and allowed students to get more knowledge through traditional educational institutions. Examples include mobile learning devices, student information systems, lecture recording software, and learning management applications. The market is expanding as a result of numerous technical developments, such as the creation of digital platforms for campuses of colleges and universities that aggregate student data and evaluate student performance. The market is anticipated to grow in response to additional reasons, such as rising awareness of the use of education and learning analytics for creating effective learning and training programmes for school/college students and working professionals. , Education & Learning Analytics Market SkyQuest Analysis , 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. , KEY MARKET SEGMENTS , Component , Software , Services , Application , People Acquisition , Retention , Curriculum Development , Intervention Management , Performance Management , Budget , Finance Management , Operations Management , Others , By Region , North America , Europe , Asia Pacific , Latin America , Middle East & Africa , KEY MARKET PLAYERS , IBM Corporation , Blackboard Inc. , Microsoft Corporation , Oracle Corporation , SAP SE , Pearson Education , Alteryx, Inc. , Ellucian Company L.P. , Saba Software Inc. , D2L Corporation , Cornerstone OnDemand Inc. , McGraw-Hill Education , Civitas Learning, Inc. , Jenzabar, Inc. , Instructure, Inc. , Edsby , Knewton, Inc. , Moodlerooms, Inc. , LearningMate Solutions Inc. , Bridgepoint Education, Inc.
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