The report forecasts the competency-based education market for higher education in the US to grow at a CAGR of 22.02% during the period 2016-2020.
Emergence of learning relationship management systems will be a key trend for market growth. The higher education market is seeing the emergence of learning relationship management systems. These are software tools used to measure student progress by tracking the mastery of competency real-time and facilitating communication between various stakeholders such as teachers, students, parents, and counselors.
According to the report, a major driver of competency-based education is growing Internet penetration and the proliferation of accessible and publicly available knowledge. Higher education institutions face enormous pressure to adapt to the paradigm of education. It is expected that online competency-based education will be a major disruptive force in the forecast period for traditional higher education as it is a culmination of the right learning model, technologies, customers, and businesses. Online degree programs, such as those offered by WGU and Southern New Hampshire University, aid learners through targeted learning outcomes, support, and portable skill sets that are in demand by industry employers.
Further, the report states that a major challenge for higher education institutions that wish to enter the market is the lack of financial resources required to implement a change in the education model. Higher education institutions rely largely on federal education grants and alumni support for the required capital.
- BNED LoudCloud
- Flat World Education
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Segmentation by product
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Other prominent vendors
PART 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/vzllw7/competencybased
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/competency-based-platforms-market-for-higher-education-in-the-us-to-grow-22-by-2020---increased-use-of-adaptive-learning---research-and-markets-300351538.html
SOURCE Research and Markets