Education and learning analytics market booming, projected to reach USD 42.7 billion by 2032
From GlobeNewswire: 2024-12-15 09:00:00
The Education and Learning Analytics Market was valued at USD 6.9 billion in 2023 and is projected to reach USD 42.7 billion by 2032, growing at a CAGR of 22.4%. Analytics in education improve student performance and reduce dropout rates, while AI tools increase student engagement by 25% in digital classrooms. E-learning platforms like Coursera and Udemy have over 120 million users globally, driving demand for analytics to assess learner engagement and improve course quality.
Businesses are increasingly using learning analytics to measure the ROI of employee training programs. Government-led digital education initiatives, like India’s Digital Education initiative, are incorporating analytics into educational platforms to enhance learning outcomes and resource management. Cloud-based analytics solutions are pivotal in driving growth, especially among smaller institutions competing with larger entities in providing high-quality education.
In 2023, the software segment dominated the Education and Learning Analytics Market, representing a revenue share of over 75%. Software solutions are scalable and cost-effective, essential for processing educational data and extracting intelligent insights. The services segment is anticipated to exhibit the fastest growth rate, providing ongoing training and support for effective use of analytics tools.
North America dominated the Education and Learning Analytics Market in 2023 with a 37% share, thanks to its advanced technological infrastructure and research and development efforts in the education sector. The region’s high-speed internet connectivity and established data centers create an ideal ecosystem for deploying and scaling learning analytics solutions. The Asia Pacific region is expected to register the fastest growth during the projected period. The rapid digital transformation in education in the region has led to increased adoption of analytics solutions to improve teaching quality, student performance, and administrative work. With growing investments in educational infrastructure and rising student enrolment, there is a high demand for data-driven insights. Governments aligning with global standards are expected to drive the demand for analytics solutions further.
Major key points in the education and learning analytics market include an introduction, executive summary, research methodology, market dynamics impact analysis, statistical insights, competitive landscape, and more. Recent developments in the market include Microsoft launching an AI-driven learning analytics platform and Google Cloud partnering with EdTech companies for advanced analytics tools. Access complete report details for in-depth analysis.
SNS Insider offers consulting services like Go-To-Market Assessment, Total Addressable Market Assessment, and Competitive Benchmarking to help businesses in the education and learning analytics market. As a leading market research and consulting agency, SNS Insider aims to provide clients with accurate market data, consumer insights, and opinions to make informed decisions in changing circumstances. Using various techniques like surveys and focus groups, SNS Insider ensures clients have the necessary knowledge to navigate the market successfully.
Read more at GlobeNewswire: Education and Learning Analytics Market to Reach USD 42.7