Adaptive Learning Software Global Market is Booming Worldwide 2024-2033 | HCL Technologies Limited, Pearson PLC, SAS Institute, McGraw Hill, D2L Corporation

"The Business Research Company recently released a comprehensive report on the Global Adaptive Learning Software Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The adaptive learning software market size has grown rapidly in recent years. It will grow from $5.36 billion in 2023 to $4.01 billion in 2024 at a compound annual growth rate (CAGR) of 19.1%. The growth in the historic period can be attributed to increasing demand for personalized learning solutions, rise of e-learning and online education, growth of the edtech industry, expansion of mobile learning, and shift in pedagogical approaches towards competency-based learning.

The adaptive learning software market size is expected to see rapid growth in the next few years. It will grow to $8.12 billion in 2028 at a compound annual growth rate (CAGR) of 19.3%. The growth in the forecast period can be attributed to expansion of online education, emphasis on lifelong learning, growing adoption of mobile devices, increased focus on inclusive education, and demand for customizable solutions. Major trends in the forecast period include integration with AI, gamification in learning, social learning integration, mobile optimization, and online education.

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Market Drivers and Trends:

The growing awareness of learning disabilities is expected to propel the growth of the adaptive learning software market going forward. Learning disabilities are neurological illnesses that impair a person's ability to acquire, process, or retain knowledge, causing problems with reading, writing, math, and other academic skills. Adaptive learning software significantly enhances educational outcomes for students with learning disabilities by customizing content and pacing to meet individual learning needs. For instance, in May 2023, according to the National Center for Education Statistics, a US-based agency, in the 2021-2022 academic year, around 7.3 million U.S. students aged 3-21 received special education services under the IDEA with specific learning disabilities being the most prevalent disability at 32%. This slightly increased from the 7.2 million students served in the 2020-2021 academic year. Therefore, the growing awareness of learning disabilities is driving the growth of the adaptive learning software market.

Major companies operating in the adaptive learning software market focus on introducing intelligent AI-connected teaching and learning solutions, such as AI-driven tutoring software, to optimize student engagement and performance through personalized learning experiences. AI-driven tutoring software leverages advanced algorithms and machine learning techniques to provide personalized and adaptive learning experiences tailored to student's needs and learning styles. For instance, in August 2022, HMH, a US-based education technology company, launched Amira Learning + Saxon Phonics and Spelling, a networked teaching and learning system. It is intended to assist fundamental literacy in K-2 classrooms by combining two main components such as Amira Learning and Saxon Phonics and Spelling. Amira Learning is an AI-powered reading tutor that uses cutting-edge speech recognition and AI algorithms to give 1:1 reading tutoring, oral fluency assessments, and dyslexia screenings.

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Major Key Players of the Market:

HCL Technologies Limited, Pearson PLC, SAS Institute, McGraw Hill, Houghton Mifflin Harcourt (HMH), Macmillan Publishers, Imagine Learning, Curriculum Associates LLC, D2L Corporation, Docebo, intellAdapt, DREAMBOX LEARNING, Fuel Education LLC, Paradiso, Knewton Inc., Cerego, Realizeit, Intetics Inc., Fishtree, Smart Sparrow Pty Ltd, aNewSpring, Kidaptive, EdSurge Inc., Scootpad, Domoscio

Adaptive Learning Software Market 2024 Key Insights:

• The adaptive learning software market size is expected to see rapid growth in the next few years. It will grow to $8.12 billion in 2028 at a compound annual growth rate (CAGR) of 19.3%.
• Rising Awareness Of Learning Disabilities Fuels Growth In Adaptive Learning Software Market
• AI Innovations In Education The Future of Personalized Learning
• North America was the largest region in the adaptive learning software market in 2023

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