June 23, 2020
As per the report titled ‘Education and Learning Analytics Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Component; Application; End User, available with Market Study Report LLC, global education and learning analytics market is anticipated to reach USD 16,835.9 million at the end of forecast period, recording a CAGR of 23.3% over 2020-2027.
The global education and learning analytics market is still evolving and the adoption of this technology by higher education institutes is quite uneven. The US, the UK, and Australia have readily adopted this technology. However, due to lack of researchers and unskilled professionals, SAM education and learning analytics market is still in its budding stages.
The US accounts for the largest share in global education and learning analytics market owing to increased adoption of latest technologies to enhance the quality of education. Meanwhile, many regions face technical and infrastructural challenges together with data administration related issues which may hinder the growth of global education and learning analytics market to some extent in those regions.
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Global education and learning analytics market is bifurcated in terms of component gamut, application spectrum, end-user terrain, and regional landscape. Based on component gamut, the market is further bifurcated into services and software. Global education and learning analytics services market is split into professional services and managed services. Managed services relate to software troubleshooting, while professional services relate to on-demand services. The various facilities included in managed services are day-to-day maintenance, data backup, and troubleshooting among others.
Speaking about application spectrum, the market is classified in terms of budget and finance management, performance management, operations management, curriculum development, people acquisition and retention, and intervention management.
Based on regional landscape, North America accounted for the largest market share in 2019. The US and Canada are technologically more advanced in almost every sector than other countries. Additionally, existence of major companies and surging awareness regarding the benefits of these solutions are expected to catalyze the growth of global education and learning analytics market. Data generated by educational institutes through learning analytics can help the government to formulate educational policies. Institutes utilize learning analytics to enhance their comprehension of students to offer customized content and to reduce the pressure on students. Moreover, faculties can structure the curriculum utilizing software solutions for learning analytics.
The major companies operating in global education and learning analytics market are InetSoft Technology Corp., Watershed Systems, Inc., SAP SE, Microsoft Corporation, Blackboard Inc., Happiest Minds, SAS Institute Inc, Ellucian Company LP, Alteryx Inc., and Saba Software, Inc. among others.
Questions & Answers: Global Education and Learning Analytics Market