The global education and learning analytics market size is expected to reach USD 49.12 billion by 2025, registering an estimated CAGR of 17.4% from 2019 to 2025 according to a new report by Grand View Research, Inc. eLearning technologies such as student information systems, mobile learning devices, and learning management systems (LMS) have gained prominence over the last few years. These technologies enable the education sector access to huge chunks of data pertaining to learning & teaching practices.
To
gain rich insights from this data, learning analytics tools are gaining high
traction in the education sector. Education analytics solutions are helping the
education sector take data-driven decisions that stimulate effective
transformation in students. These tools help educators in understanding the
core areas of improvement in students. Data-driven decisions are used to design
personalized lessons that address the different needs of the students.
These
tools are witnessing a broad set of applications in the enterprise sector as
well, wherein business leaders are investing in modern foundational
technologies. These tools retrieve real-time data regarding production
facilities, supply chains, customers, and various core operations that would
help organizations achieve their strategic goals. Furthermore, these tools also
support personalized training for the employees, which help in determining key
performance indicators (KPIs), as well as enable a higher Returns on Investment
(RoI) through modernized learning & development (L&D) techniques.
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Education &
Learning Analytics Market Report Highlights
- In terms of type, the
prescriptive segment is expected to register a CAGR of around 20% over the
forecast period
- In terms of end-use,
academics sector is expected to grow at a significant rate over the next
six years, owing to the rising concerns of educational institutions
regarding student retention, reducing attrition, and timely feedback
- The enterprise end-use
segment is likely to continue to dominate the market over the forecast
period owing to the increased awareness about the benefits of learning
analytics in prioritizing educational programs that can lead to the
desired outcomes
- In terms of component, the
services segment is poised for high growth in the near future owing to
increasing adoption of education analytics solutions in academic
institutes as well as enterprises for support & maintenance
- North America accounted for
the largest revenue share in 2018. It is anticipated to retain its hold on
the education and learning analytics market over the forecast period
- Some of the key players in
the market are Blackboard Inc., D2L Corporation, IBM Corporation,
Microsoft, MicroStrategy Inc., Oracle, Saba Software, Tableau Software, Inc.,
among others
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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