Big Data Analytics in Education Market is Projected to Grow Expeditiously To Reach $57.14 Billion by 2030, Report

According to the report published by Allied Market Research, the global big data analytics in education market generated $13.58 billion in 2020, and is projected to reach $57.14 billion by 2030, witnessing a CAGR of 15.3% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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Lucrative benefits of Big Data in education sector, increase in awareness about the changing learning system, and rise in investment in the education sector to improve administrative services drive the growth of the global big data analytics in the education market. However, high initial investment cost restrains the market to some extent. On the other hand, surge in adoption of cloud-based learning analytics solution and advent of machine learning & artificial intelligence present new opportunities in the upcoming years.

The report offers detailed segmentation of the global big data analytics in education market based on component, deployment model, application, and region.

Based on component, the software segment held the highest market share in 2020, holding more than two-third of the total market share, and is expected to continue its leadership status during the forecast period. However, the services segment is estimated to register the highest CAGR of 17.9% from 2021 to 2030.

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Based on deployment model, the on premise segment held the largest market share in 2020, holding more than two-third of the total market share, and is expected to continue its leadership status during the forecast period. However, the cloud segment is projected to register the highest CAGR of 19.9% from 2021 to 2030.

Based on region, North America contributed to the highest share in terms of revenue in 2020, holding more than half of the total market share, and is estimated to continue its dominant share by 2030. Moreover, Asia-Pacific is projected to manifest the fastest CAGR of 19.4% during the forecast period.

Asia-Pacific is expected to observe highest growth rate during the forecast period. Increase in use of automation technology among education institutions to test grading and rise in adoption of artificial intelligence-based learning analytical technology in colleges are the prominent factors that boost the big data in the education market in Asia-Pacific.

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Moreover, most of online education technology providers across China have invested large amount to integrate artificial intelligence technology in the teaching industry. For instance, in August 2019, Squirrel AI, one of the leading Chinese online education companies, invested $1 billion to open 2,000 AI-based learning centers in more than 200 Chinese cities. It helps company to create its learning system to capture all the data created in learning sessions.

Leading players of the global big data analytics in education industry analyzed in the research include Alteryx, Inc., Blackboard Inc., Fintellix Solutions pvt. Ltd., LatentView Analytics, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Tableau Software, TIBCO Software Inc.

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