Kenneth Research published a report titled “Learning Analytics Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global learning analytics market in terms of market segmentation by component, deployment model, application, analytics type, end users, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global learning analytics market garnered an approximate revenue figure of USD 4.8 billion in the year 2021 and is expected to show a significant growth by the end of year 2031 by growing at a CAGR of ~22% over the forecast period, i.e., 2022 – 2031. On the basis of component, the market is bifurcated into software and service. The software segment held for the largest market share in value in the year 2021 and is estimated to grow at a higher CAGR during the forecast period. The segment's growth can be attributed mostly to the increasing adoption of software solutions by academic institutions so that it’s easier to track student and educator performance.
Learning analytics is the measurement, collection, analysis, and reporting of data on learners and their surroundings with the aim of better understanding and enhancing learning as well as its surrounding. The growth of the global learning analytics market can be attributed to the development of information and communication technology (ICT) in education sector, rising awareness about e-learning, support initiatives by government, and growing student population.
On the basis of region, the Global Learning Analytics Market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. Out of these, the market in North America witnessed a significant growth in the year 2021 and is expected to flourish by holding the largest market size over the forecast period. The growth of the market in this reason is anticipated to be driven on the back of evolving technological advancements in academic sector, along with development in institutional infrastructure.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Constant Evolvement of Information and Communication Technology (ICT) in Education Sector to Boost the Global Learning Analytics Market
Information and communication technology (ICT) in education can be defined as a method of education that uses ICT to support, enhance, and optimize the delivery of information. ICT enables the use of creative educational content and the renewal of learning methods by allowing students to collaborate more actively as well as simultaneously acquire technological expertise. Besides, it provides enhanced mode of communication while being cost-efficient, eliminates the usage of paper and enables better teaching and learning methods. After the COVID-19 pandemic countries are transitioning into reopening the educational institutions which were completely shut down in the physical form, however as per the World Bank Group, the hybrid learning is still considered to be the most preferred method. As a result, the ICT in education and learning industry is helping in the easy transition to physical mode. The growing prevalence of ICT in education sector is therefore expected to be a major factor adding to the growth of the global learning analytics market.
However, lack of skilled resources and professionals to supervise learning analytics, poor data quality, and concern regarding data privacy and security are expected to operate as key restraint to the growth of global learning analytics market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global learning analytics market which includes company profiling TABLEAU SOFTWARE, LLC., TIBCO Software Inc., IBM, SAP Deutschland SE & Co. KG, iSpring Solutions Inc., Microsoft, G-Cube, ALTERYX, INC., InetSoft Technology Corp., and PowerSchool Group LLC among others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global learning analytics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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