SHERIDAN, WY, USA, June 6, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Education and Learning Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” the global education and learning analytics market reached a value of US$25.8 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$67.1 billion by 2027, growing at a CAGR of 17.17% in 2022-2027.
Education and learning analytics refers to the process of collecting, measuring, and analyzing data about learners in order to improve their learning experience. It is widely used for performance, operations, budget and finance management, people acquisition and retention, program development and intervention management. Its services include a combination of educational research, assessment science, student development, critical thinking, statistics, visualization and creativity. Education and learning analytics helps monitor student and classroom activities, predict learner performance, track student progress, visualize student enrollment journeys, identify target courses, improve future e-learning courses and define a learning strategy. As a result, it finds wide applications in educational institutions and businesses.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Market Trends and Drivers:
The significant growth in the education sector across the globe is creating a positive outlook for the market. Education and learning analytics is widely used in educational institutions for curriculum development and improving student learning outcomes. In this light, the widespread adoption of digital technologies, such as learning management systems (LMS), mobile learning devices, and student information systems, is driving the growth of the market. Apart from this, the large-scale integration of machine learning (ML) and artificial intelligence (AI) to introduce a personalized approach to learning programs based on unique experiences and preferences, is giving impetus to market growth.
Also, the increasing use of e-learning tools, such as e-books, animations, micro-courses, quizzes, games, charts, models, online videos, and e-notes as part of the regular program to make learning more accessible, engaging and contextualized, propels market growth. Other factors including the rapid replacement of traditional teaching methods with e-learning solutions and the introduction of massive open online courses (MOOCs) due to the coronavirus disease (COVID-19) crisis and the consequent implementation of mandatory confinements, should drive the market towards growth.
Competitive Analysis and Segmentation of the Education and Learning Analytics Market 2022-2027:
Competitive landscape with key players:
The competitive landscape of the Education and Learning Analytics Market has been studied in the report along with the detailed profiles of key players operating in the market.
Some of these key players include:
• Alteryx Inc.
• Blackboard Inc.
• Inetsoft Technology Corp.
• Information Builders Inc.
• iSpring Solutions Inc.
• MicroStrategy Embedded
• Saba Software Inc. (Cornerstone OnDemand Inc.)
• SAP SE
• SAS Institute Inc.
• Yellowfin Business Intelligence Co
Key Market Segmentation:
The report has segmented the global education and learning analytics market on the basis of analytics type, application, component, deployment mode, end-user, and region. .
Breakdown by type of analysis:
Breakdown by application:
• Acquisition and retention of people
• Curriculum development and intervention management
• Performance management
• Budget and financial management
• Operations management
Breakdown by component:
Breakdown by deployment mode:
• On the site
Breakdown by end user:
• Academic institutions
Breakdown by region:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
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Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Market trends
• Market drivers and success factors
• Impact of COVID-19
• Value chain analysis
• Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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