Education And Learning Analytics Global Market Report 2024

Education and learning analytics refer to the analysis and collection of data about learners and their environments for understanding and improving learning outcomes that help in encompassing all aspects of an institution's operations and analytics about the learners. Data and analytics are used in schools, colleges, testing organizations, workshops, online courses, and universities to measure the effectiveness of the course and identify patterns to improve student knowledge.

The main types of education and learning analytics are predictive analytics, prescriptive analytics and descriptive analytics. Predictive analytics uses statistics and modeling techniques based on current and historical data to determine future performance and to make predictions outcomes. Predictive analytics are used to determine customer response to promote cross-sell opportunities and purchases. Education and learning analytics are deployed on-premise and cloud-based. By using components software and services. The end-users for education and learning analytics are mostly academics and corporates.

The education and learning analytics market research report is one of a series of new reports that provides education and learning analytics market statistics, including education and learning analytics industry global market size, regional shares, competitors with an education and learning analytics market share, detailed education and learning analytics market segments, market trends and opportunities, and any further data you may need to thrive in the education and learning analytics industry. This education and learning analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The education and learning analytics market size has grown rapidly in recent years. It will grow from $21.6 billion in 2023 to $25.78 billion in 2024 at a compound annual growth rate (CAGR) of 19.4%. The growth in the historic period can be attributed to increased use of learning management systems (lms), availability of big data in education, personalized learning initiatives, government initiatives and funding, emphasis on student success and retention.

The education and learning analytics market size is expected to see exponential growth in the next few years. It will grow to $53.68 billion in 2028 at a compound annual growth rate (CAGR) of 20.1%. The growth in the forecast period can be attributed to cross-platform analytics integration, user-friendly analytics interfaces for educators, integration of learning analytics in corporate training, emphasis on social and emotional learning analytics, integration of learning analytics in k-12 education. Major trends in the forecast period include integration of artificial intelligence (AI), predictive analytics for student success, personalized learning experiences, cross-institutional learning analytics, open educational resources (oer) integration.

Government initiatives in digitalizing the education sector are expected to propel the growth of the education and learning analytics market. The rise in remote learning and consistent student engagement on e-learning platforms during the pandemic has been anticipated to generate huge data, which will open ways to adopt education and learning analytics For instance, in 2022, the government of UAE launched the ‘UAE Digital Economy Strategy’ that aims to double the contribution of the digital economy to the UAE’s GDP from 9.7% in 2022 to 19.4% within 10 years. Therefore, demand for education and learning analytics will rise as the prevalence of increasing government initiatives in digitalization rises.

The increase in adoption of online learning is expected to drive the growth of education and learning analytics market. Online learning is a mode of education where instruction and content are delivered over the internet, allowing students to engage in courses and activities remotely. Learning analytics play a pivotal role in providing insights into online learner activities, identifying areas for improvement, and personalizing educational experiences. For instance, in May 2023, according to the National Center for Education Statistics (NCES), a part of the United States Department of Education's Institute of Education Sciences, public colleges enrolled about 8.5 million online students in 2021. Another 2.7 million remote learners attended private schools, including 1.9 million at nonprofit institutions and nearly 800,000 at for-profit schools. Therefore, the increase in adoption of online learning is expected to drive the growth of education and learning analytics market.

Technological advancements are a key trend gaining popularity in the education and learning analytics market. Many companies operating in education and learning analytics are developing new products or new technologies for strengthening the demand for the education and learning analytics market. For instance, in 2021, Adobe, a US-based company introduced adobe analytics, a higher education program. This program supports the future workforce with data science skills and helps college instructors and students to use adobe analytics which is a customer data analytics platform for free. Students will learn how to use data to drive business choices and build skills for vocations ranging from data science to product management and marketing with adobe analytics.

Many companies operating in education and learning analytics are developing innovative products, such as personalized products, to cater to the demand. Personalized products include tailored educational tools and resources that leverage data insights to meet individual learner needs and optimize the learning experience. For example, in January 2022, Teevra Edutech Pvt Ltd (SpeEd Labs), an EdTech platform in India, which offers personalized learning with individualized courses to each student, expanded its business across the country using AI-powered tools such as a recommendation engine, analytical dashboard, and personalized improvement plan which would help to bridge the gap between teacher and student. The AI-powered personalized learning addresses the issue of student disengagement in education

In September 2021, Eupheus, an India-based ed-tech company developing integrated learning solutions for the K-12 acquired ClassKlap, for $19 million. This acquisition will help Eupheus in stepping into the affordable private school segment and also in shaping the innovation in the learning domain along with analytics. ClassKlap is an India-based online curriculum program with personalized revision sheets.

Major companies operating in the in the education and learning analytics market report are MicroStrategy Incorporated, TIBCO Software Inc., Oracle Corporation, Alteryx Inc., D2L Corporations, 12twenty, Apex Learning Ltd., Blackboard Inc., BrightBytes Inc., CIVITAS LEARNING INC., Coursera Inc., DreamBox Learning, Duolingo, EdIncites, ILLUMINATE EDUCATION INC., Immersive VR Education, Involvio LLC, Junyo, Knewton Inc., Knowre, LinkIt, Magic EdTech, McGraw Hill Education, Othot, Overgrad, Panorama Education, Pearson Education, Reading Plus, Realizeit, Udemy Inc.

North America was the largest region in the education and learning analytics market in 2023. The regions covered in the education and learning analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the education and learning analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The education and learning analytics market includes revenues earned by entities by analyzing and supporting learning at various levels with data from students and learning environments. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.