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Global Insights: Education and Learning Analytics Market Trends 2024
Education And Learning Analytics Market Size
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According to The Business Research Company's, The education and learning analytics market size has grown rapidly in recent years. It will grow from $21.6 billion in 2023 to $25.78 billion in 2024 at a compound annual growth rate (CAGR) of 19.4%. The growth in the historic period can be attributed to increased use of learning management systems (lms), availability of big data in education, personalized learning initiatives, government initiatives and funding, emphasis on student success and retention..
The education and learning analytics market size is expected to see exponential growth in the next few years. It will grow to $53.68 billion in 2028 at a compound annual growth rate (CAGR) of 20.1%. The growth in the forecast period can be attributed to cross-platform analytics integration, user-friendly analytics interfaces for educators, integration of learning analytics in corporate training, emphasis on social and emotional learning analytics, integration of learning analytics in k-12 education.. Major trends in the forecast period include integration of artificial intelligence (ai), predictive analytics for student success, personalized learning experiences, cross-institutional learning analytics, open educational resources (oer) integration..
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Market Drivers and Trends:
Government initiatives in digitalizing the education sector are expected to propel the growth of the education and learning analytics market. The rise in remote learning and consistent student engagement on e-learning platforms during the pandemic has been anticipated to generate huge data, which will open ways to adopt education and learning analytics For instance, in 2022, the government of UAE launched the 'UAE Digital Economy Strategy' that aims to double the contribution of the digital economy to the UAE's GDP from 9.7% in 2022 to 19.4% within 10 years. Therefore, demand for education and learning analytics will rise as the prevalence of increasing government initiatives in digitalization rises.
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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Major Key Players of the Market:
MicroStrategy Incorporated, TIBCO Software Inc., Oracle Corporation, Alteryx Inc., D2L Corporations, 12twenty, Apex Learning Ltd., Blackboard Inc., BrightBytes Inc., CIVITAS LEARNING INC., Coursera Inc., DreamBox Learning, Duolingo, EdIncites, ILLUMINATE EDUCATION INC., Immersive VR Education, Involvio LLC, Junyo, Knewton Inc., Knowre, LinkIt, Magic EdTech, McGraw Hill Education, Othot, Overgrad, Panorama Education, Pearson Education, Reading Plus, Realizeit, Udemy Inc.
Education And Learning Analytics Market 2024 Key Insights:
• The education and learning analytics market size is expected to see exponential growth in the next few years. It will grow to $53.68 billion in 2028 at a compound annual growth rate (CAGR) of 20.1%.
• Government Initiatives In Digitalizing The Education Sector Drives The Education And Learning Analytics Market
• Technological Advancements Drives Revolution In Market
• North America was the largest region in the education and learning analytics market in 2023
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