Learning Analytics Market Size
Market Research Future (MRFR) postulates that the global learning analytics market is slated to register 26% CAGR during the forecast period (2017-2023). The proliferation of mobile devices is estimated to favor the market growth in the coming years. Learning analytics is referred to an analytical process which is performed to calculate the data gathered, interpret, and report the same information regarding learners and their way of methodology. Such analytical tools enable the data to improve their learning and the environment in which the learning takes place. Learning analytics evolve from a branch of science like statistics, psychology, sociology, information science, machine learning, and data mining in order to interpret the gathered data during teaching, learning, education administration, and other services.
Market Potential and Pitfalls
The market’s growth is chiefly directed by the augmenting need to evolve competitive strategies in order to sustain the market coupled with the increased focus on personalized learning. The accelerating increase in mobile devices like laptops, smartphones, and mobile tablets are some of the major factors likely to offer a better prospect to the market in the coming years. Several business organizations can determine the completion of training courses quantitatively, but on the other hand, find it very difficult to measure the qualitative aspects like social learning and informal experiences, and their results. Leaning analytics help to clarify the intangible learning experiences. Companies also require to retain a talented workforce in order to develop innovative products so that they can sustain in the market. Thus, business organizations across the globe lay stress on developing learning culture for their employees which helps to empower learning analytical tools in order to upsurge the innovation in the organization. Such factors are estimated to boost the learning analytics market throughout the globe. With the emergence of m-learning and e-learning, the market is likely to flourish.
On the contrary, the dearth of technical expertise in order to implement learning analytics coupled with the lack of data storage infrastructure are some of the top barriers considered to vitiate the market growth throughout the estimated period. Moreover, issues related to data protection, monitoring, data possession, and data controlling are estimated to impede the market growth in the coming years.
The learning analytics market is categorized as tools, services, deployment, application, and end-user.
By tools, the learning analytics market is subcategorized as predictive analytics, content analytics, adaptive learning analytics, discourse analytics, analytics dashboard and others. On the basis of service, the market is classified as training & support, consulting service, integration & implementation and others. On the basis of deployment, the market is consists of on-premises and on-cloud.
The application-based learning analytics is segregated as higher education, K-12 education, and business enterprises. Furthermore, based on end-user, the market is classified as BFSI, IT & telecom, retail& e-commerce, education, manufacturing, healthcare, media& entertainment, and others.
According to Market Research Future analysis, Learning Analytics market has been valued at approximately over USD 8.3 billion growing with a 26% CAGR during the forecast period 2017-2023.
Key Players
Market research future identifies some of the key players of Learning Analytics market are Blackboard Inc. (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), Oracle Corporation (U.S.), Pearson Inc. (U.K), Saba Software Inc. (U.S.), McGraw-Hill Education (U.S.), SAP AG (Germany), and D2L Corporation (Canada), Cornerstone OnDemand (U.S.), Jenzabar (U.S.), Knewton (U.S.), and Kronos (U.S).
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Learning Analytics Market SizeMarket Research Future (MRFR) postulates that the global learning analytics market is slated to register 26% CAGR during the forecast period (2017–2023).
The proliferation of mobile devices is estimated to favor the market growth in the coming years.
Learning analytics is referred to an analytical process which is performed to calculate the data gathered, interpret, and report the same information regarding learners and their way of methodology.
Such analytical tools enable the data to improve their learning and the environment in which the learning takes place.
Learning analytics evolve from a branch of science like statistics, psychology, sociology, information science, machine learning, and data mining in order to interpret the gathered data during teaching, learning, education administration, and other services.Market Potential and PitfallsThe market’s growth is chiefly directed by the augmenting need to evolve competitive strategies in order to sustain the market coupled with the increased focus on personalized learning.
The accelerating increase in mobile devices like laptops, smartphones, and mobile tablets are some of the major factors likely to offer a better prospect to the market in the coming years.
Learning Analytics Market SizeThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Learning Analytics Market Size.
The growth sectors of the Learning Analytics Market Size are identified with precision for a better growth perspective.Interpreting the data for enhancing decision-making is one of the major process at corporate level.
With the existing tools and technology, many business organization are using the manual process to recognize the market trends.
Lack of technical expertise with respect to the implementation of analytical tool is regarded as one of the major challenge for the learning analytical toolsThe learning analytics market is categorized as tools, services, deployment, application, and end-user.By tools, the learning analytics market is sub-categorized as predictive analytics, content analytics, adaptive learning analytics, discourse analytics, analytics dashboard and others.
On the basis of service, the market is classified as training & support, consulting service, integration & implementation and others.
On the basis of deployment, the market is consists of on-premises and on-cloud.The application-based learning analytics is segregated as higher education, K-12 education, and business enterprises.
The latest report issued by Reports and Data, titled ‘Global Education and Learning Analytics Market,’ presents a holistic overview of the global Education and Learning Analytics industry, offering a thorough examination of the market and its vital segments.
The study performs qualitative and quantitative assessments of the global market to provide significant details on its highly competitive ambiance and the key players and their business expansion strategies.
Therefore, the report is intended to help businesses engaged in this sector, formulate relevant expansion strategies to strengthen their market foothold.Additionally, it offers the full coverage of the ongoing impact of the COVID-19 outbreak on the Education and Learning Analytics industry.
The latest report assesses the present market scenario and further ascertains the pandemic’s aftereffects in this business space.To get a sample PDF copy of the report, visit @ https://www.reportsanddata.com/sample-enquiry-form/2571Competitive Landscape:The global Education and Learning Analytics market is fairly competitive due to the dominance of numerous market contenders.
The growth rates, revenue figures, and gross profit margins of each company have also been enumerated in the report.The leading manufacturers profiled in the report are:IBM, TIBCO, Microsoft, Oracle, SAP, SAS Institute, Tableau Software, MicroStrategy, Alteryx, Qlik, SABA software, and Blackboard among others.
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/2571Deployment Type Outlook (Revenue, USD Billion; 2016-2026)On-Premises DeploymentCloud-Based DeploymentApplication Outlook (Revenue, USD Billion; 2016-2026)People acquisition and retentionCurriculum development and interventionPerformance managementBudget and finance managementOperations managementOthersAnalytics Outlook (Revenue, USD Billion; 2016-2026)Predictive analyticsPrescriptive analyticsDescriptive analyticsIndustry Vertical Outlook (Revenue, USD Billion; 2016-2026)AcademicHigher EducationEducation and Learning Analytics Market Segmentation, based on geography:North America (U.S., Canada)Europe (U.K., Italy, Germany, France, Rest of the EU)Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)Latin America (Chile, Brazil, Argentina, Rest of LATAM)Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)To know more about the report, visit @ https://www.reportsanddata.com/report-detail/education-and-learning-analytics-marketKey Questions & Answers:Which regional segments have been covered in the report?
The global education and learning analytics market size is expected to reach USD 49.12 billion by 2025, registering an estimated CAGR of 17.4% from 2019 to 2025 according to a new report by Radiant Insights, Inc. eLearning technologies such as student information systems, mobile learning devices, and learning management systems (LMS) have gained prominence over the last few years.
These technologies enable the education sector access to huge chunks of data pertaining to learning & teaching practices.
To gain rich insights from this data, learning analytics tools are gaining high traction in the education sector.
Education analytics solutions are helping the education sector take data-driven decisions that stimulate effective transformation in students.
These tools retrieve real-time data regarding production facilities, supply chains, customers, and various core operations that would help organizations achieve their strategic goals.
Furthermore, these tools also support personalized training for the employees, which help in determining key performance indicators (KPIs), as well as enable a higher Returns on Investment (RoI) through modernized learning & development (L) techniques.
