The learning analytics solution market revenue by the end of 2022 was US$ 256.7 Million. The learning analytics solution market is expected to reach US$ 2,984.2 Million by 2033, growing at a CAGR of 25.1% for 2023 to 2033.
Attributes | Details |
---|---|
Estimated Year (2023) Market Value | US$ 317.0 Million |
Projected Year (2033) Market Value | US$ 2,984.2 Million |
CAGR% (2023 to 2033) | 25.1% |
Top 5 Vendor Market Share | Around 25% |
Learning analytics solution is a software or system that uses data, statistical models, and other computational techniques to understand and improve the process of learning. This can include tracking student progress, identifying areas of difficulty, and providing personalized feedback and recommendations to students and teachers. The goal of a learning analytics solution is to improve the efficiency and effectiveness of the learning process and ultimately lead to better outcomes for students. Learning analytics is around 10% of learning technology market
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The learning analytics solution market is estimated to show a growth of CAGR of 18.0% over the forecast period of 2023 to 2033, in comparison to the 25.1% growth of learning analytics solutions for the historic period 2018 to 2022.
Learning analytics solutions have a growing demand in the future due to several reasons such as, increasing amount of data generated by learners through various digital platforms and devices providing a wealth of information that can be used to personalize learning and improve educational outcomes. Advances in technology have made it possible to process and analyse this data in real-time, allowing for immediate feedback and adjustments to the learning experience.
The use of learning analytics can help institutions to demonstrate the effectiveness of their programs and make data-driven decisions about curriculum and instruction
Learning analytics solutions gives the ability to track and analyse student data in real-time, allowing for the creation of personalized learning experiences that are tailored to individual student needs and preferences. It can use historical data to predict student outcomes and help institutions take proactive steps to improve student success.
North America is the region that had the largest market share in 2022, with a market share of 25.6%.
North America has a large market share in the learning analytics solutions industry due to a number of factors, including the presence of a large number of educational institutions and technology companies in the region, as well as a strong emphasis on data-driven decision-making in education.
Increased technological investment in education and the presence of a large number of analytics vendors in the regions are driving and contributing to the growth of the market in the North American region.
The South Asia and Pacific region is estimated to witness the highest growth of CAGR at 27.6%.
There are many companies in the United States that offer to learn with analytics solutions. Some of them include Blackboard, D2L (Desire2Learn), and Canvas. These companies provide software and services that help educators and administrators track student progress, measure the effectiveness of their instruction, and improve educational outcomes.
These solutions typically include features such as data visualization, student tracking, and reporting tools. Additionally, there are many consulting firms and education technology companies that specialize in providing learning analytics services to schools and universities.
The USA estimated market share value was 21.7% in 2022, with a 20.2% CAGR over the forecast period.
The Learning Analytics Solutions market in India is a rapidly growing industry, with an increasing demand for data-driven decision-making in education. Some of the key players in this market include Educomp Solutions, NIIT Limited, Tata Interactive Systems, and MeritTrac Services.
The increasing adoption of technology in education, the growing need for data-driven decision-making, and the rising emphasis on student engagement and personalized learning. The market is expected to continue to grow over the years, it is driven by the increasing adoption of online learning and the growing demand for analytics in higher education.
This allowed India to have held the market to grow at a CAGR of 26.5%.
The Learning analytics market in China is a rapidly growing industry, driven by the increasing adoption of technology in education and the government's emphasis on digitalization. Chinese education technology companies are developing a wide range of analytics solutions, such as data-driven personalization, adaptive learning, and intelligent tutoring systems.
The Chinese government has also invested in the development of national education big data platforms to support the implementation of learning analytics in schools and universities. Overall, the market for learning analytics in China is expected to continue growing in the coming years.
Due to the above-mentioned reasons, China was estimated to have held a market share of 17.5% in 2022.
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Predictive analytics solution is analysed to dominate the learning analytics solution market with the share of 33.1% in 2022. Predictive analytics can be used to identify students who are at risk of falling behind or not achieving their goals and to provide early interventions to help those students succeed. This can be done by analysing student data and identifying patterns or trends that are associated with student success or failure, and then using that information to make predictions about which students are likely to struggle and need extra support.
Due to the above reason predictive analytics solutions held the highest market share.
Consulting services are analysed to hold the major market share of 19.9% in 2022, as it provides expertise and guidance to organizations in implementing and utilizing these solutions effectively. Consulting firms have the resources and knowledge to help organizations understand the data and insights generated by learning analytics tools, and they can provide recommendations on how to use this information to improve learning outcomes and make data-driven decisions.
Consulting firms can assist with the university design and implementation of learning analytics systems, as well as provide ongoing support and maintenance.
Market participants are focusing on growth strategies in order to boost their penetration in key markets. This included trying to expand regional and worldwide distribution channels, launching new products, forming acquisition alliances, and collaborating with key players.
Attribute | Details |
---|---|
Market value in 2023 | US$ 317.0 Million |
Market CAGR 2023 to 2033 | 25.1% |
Share of top 5 players | Around 25% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD Million for Value |
Key Regions Covered | North America; Latin America; Europe; South Asia & Pacific; East Asia; and the Middle East & Africa |
Key Countries Covered | USA, Canada, Germany, United kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia & New Zealand, GCC Countries, Turkey, and South Africa |
Key Segments Covered | Solution, Deployment Mode, Service, End User, and Region |
Key Companies Profiled |
SAS Institute Inc.; IBM Corporation; Oracle Corporation; Tableau Software Inc.; Blackboard Inc.; McGraw-Hill Education Inc.; Desire2Learn Inc.; Saba Software Inc.; Pearson PLC, Moodlerooms Inc.; Others. |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
Some leading companies are SAS Institute Inc., IBM Corporation, Oracle Corporation, Tableau Software Inc., and Blackboard Inc.
South Asia and the Pacific region are expected to showcase the highest growth.
Predictive analytics solution is analysed to dominate the learning analytics solution market with the share of 33.1% in 2022.
Consulting services are analysed to hold the major market share of 19.9% in 2022.
USA, Germany, Japan, India, and China.
The market share of South Asia and the Pacific for the year 2022 is 25.6%.
India has the highest CAGR for the forecast period, which is 26.5%.
The CAGR for the forecast period 2018 to 2022 for the learning analytics solution market was 18.0%.
China had the largest market share in East Asia in 2022, in the learning analytics solution market with a market share of 17.5% in the region.
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