The Education and learning analytics is a measurement; assortment, analysis and reporting concerned learners as well as their contexts in order to enhance learning, spot opportunities and trends, and be more groundbreaking. This method supports educators and instructors to apply analytical consequences for communicating the curriculum and teaching strategies to assist a student according to his/her requirements, successfully.
According to the report analysis, ‘Global Education and Learning Analytics Market to reach USD 12.1 billion by 2026’ states that in the worldwide education and learning analytics market there are multiple enterprises which recently functioning more actively for leading the extraordinary market growth and accounting the handsome value of market share around the globe in the upcoming years while accepting the policies of the profit making, analyzing and witnessing the strategies and policies of the government as well as competitors, employing the intellectual work force, delivering the better consumer satisfaction, developing the applications of such, establishing the several research and development programs, decreasing the associated prices and improving the specifications of technologies includes IBM Corporation, Microsoft Corporation, Oracle Corporation, SAS Institute, SAP SE, Micro Strategy Inc., Blackboard Inc., Tableau Software, Alteryx, TIBCO Software Inc. and several others.
However, the growing requirement for the data-driven decisions to advance the education quality and increasing technological investments amongst the education institutes are the few aspects responsible for growth of the market over the review period. For Instance, the entire amount of Foreign Direct Investment (FDI) inflow into the education segment across India stood at USD 2.47 billion from April 2000 to March 2019, according to data unrestricted by Department for Promotion of Industry and Internal Trade (DPIIT).
In addition, the growing technological advancements and establishment of Education and Learning Analytics by market foremost player will generate a lucrative requirement for this market. For instance: as per Company's news announces in March 2020, IBM announce the enlargement of its online education possessions to all for free which comprised IBM skills, Open P-TECH and IBM AI education sequences for teachers. Such program and courses can provide users the tools required to explore fresh ideas careers and courses which are not be done owing to Covid-19. Further more, as per company's news release during April 2019, SAS Institute underwritten in humans, motorized by AI and analytics education for learning and teaching. The corporate allows educators and learners to obtain the fresh opportunities and career with SAS Viya for Learners. Although, the Global Education and Learning Analytics Market is worth approximately at USD 3.1 billion during 2019 and is projected to grow with a healthy growth rate of more than 21.5 % over the review period of 2020-2026.
Whereas, the geographical analysis of worldwide Education and Learning Analytics market is considered for the foremost regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The North America is the leading/significant economy across the globe in terms of market share due to the growing technological investment amongst the education institutes and existence of large number of analytics merchants in the regions. Whereas, the Asia-Pacific is also projected to parade highest growth rate / CAGR over the review period of 2020-2026. Therefore, in the near years, it is anticipated that the market of education and learning analytics will augment across the globe more positively over the coming years.
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Ankur Gupta, Head Marketing & Communications