$5.3 Billion Worldwide Adaptive Learning Industry to 2025 - Featuring Scootpad, Cogbooks & Vitalsource Among Others
DUBLIN, July 8, 2020 /PRNewswire/ -- The "Adaptive Learning Market by Component (Platform and Services), Application, Deployment (Cloud and On-premises), End User (Academic (K-12 and Higher Education) and Enterprise (SME and Large Enterprise)), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global adaptive learning market size is projected to grow from USD 1.9 billion in 2020 to USD 5.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.7% during the forecast period.
eLearning helps individuals to gain access to content at any time of the day across the globe. When new innovative tools or practices are launched in the digital technology market space, eLearning helps learners adopt these new changes rapidly and efficiently.
The online education industry is transforming rapidly, and it is evident with the growing adoption of digital learning.
In this digital era, most educational institutes and enterprises are widely concentrated on the amplification of the eEducation component with the use of effective adaptive learning solutions. Educational institutes and enterprises further understand the importance of eLearning, as it saves cost, time, and efforts. Adaptive learning solutions allow learners to learn at their own pace throughout a course. This leads to increased levels of satisfaction and course-completion rates and encourages interactions between tutors and learners. It further enables tutors to provide one-to-one instructions and assess the capabilities of the learner seamlessly.
According to the Online Learning Consortium (OLC), more than 90% of learners stated that online learning was better than traditional classroom learning. According to Digital Learning Compass, more than six million students opted for at least one online course in 2015. This trend is growing due to continuous improvements in the network infrastructure and the increasing adoption of the Learning Management System (LMS). Massive Open Online Courses (MOOCs) are also gaining popularity among young learners, and more than 1,000 MOOCs have been announced to date. This illustrates an increasing demand for online education. The growing demand for online education is compelling educational institutes and enterprises to invest in adaptive learning platform and services. In the coming years, this ongoing trend of online education and eLearning is expected to drive the growth of the adaptive learning market.
Enterprise segment to grow at higher growth rate during the forecast period
Organizations and institutions in business domains, apart from the education sector, have been classified as enterprises in the report. Enterprise users include organizations catering to various verticals, such as retail, government, healthcare, and Banking, Financial Services, and Insurance (BFSI). Corporate users implement these solutions as a tool to train and assess employees for providing various instructions and suggestions. Real-time mass notification solutions help enterprise management to deploy faster communication among its employees about new policies and other instructions. This segment is further classified into Small and Medium-sized Enterprise (SME) and large enterprise on the basis of the number of employees in the
organization.
Professional services segment to record a higher market share during the forecast period
Professional services are categorized into three types: consulting, implementation, and support and maintenance. Professional services are mostly post-sales services that are delivered to customers after the purchase of a product. These customized, knowledge-based services being offered to clients fall under the professional services category. Sometimes, new technology solutions must be merged with the existing legacy Information Technology (IT) infrastructures, so that critical applications can be upgraded, and better ways can be implemented to manage and store data. These services constitute an integral part in deploying the solution on-board, imparting training, and handling and maintaining the software. Professional services include solution designing, planning, deploying, and upgrading, and consulting services.
Support and maintenance segment to hold the highest market share during the forecast period
Among professional services, support and maintenance services to hold the highest market share during the forecast period. Support and maintenance services include the support related to the use of an adaptive learning platform. Customer-focused support systems and teams help organizations reap maximum benefits from their adaptive learning investments. Vendors provide various levels of support and maintenance programs, such as standard and extended support, designed to meet customer needs. These services also include the support provided during pre- and post-installation and maintenance exercises, fundamentally accommodated for data and solution support. Support and maintenance services can be offered from remote locations by means of web conferencing, phones, and ticketing frameworks, or by onsite help.
Asia Pacific to record the highest growth rate during the forecast period
The APAC region consists of many emerging economies, such as Australia, India, China, Japan, and Singapore. The high adoption rate of new technologies has made this region a lucrative market for the education industry, and due to this, the adaptive learning market in APAC is expected to grow at the highest rate. In addition, countries in the region are taking aggressive initiatives to upsurge their IT infrastructure, enabling commercial users to adopt cutting-edge technologies.
The APAC region emerges as the fastest-growing market for adaptive learning solutions as well. Academic institutions and corporates in the region have started adopting adaptive learning solutions and other eLearning solutions. Vendors are offering a wide range of flexible solutions to provide a continuous learning environment. APAC countries are also considerably contributing to the growth of the adaptive leaning market. The rapid adoption of adaptive learning tools by early adopters in this region has made APAC an attractive market, but the growth is fragmented, and various regional players have specialized offerings making the adaptive learning ecosystem competitive.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Market
4.2 Adaptive Learning Market in Asia-Pacific, by Component and Country
4.3 Adaptive Learning Market: Major Countries
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Adaptive Learning Market Scenario in the Covid-19 Era
5.3 Current Market Trends and Technology Analysis
5.3.1 Current Market Trends
5.3.1.1 Competitive Scenario
5.3.2 Technology Trends
5.4 Business Model
5.4.1 Partnerships
5.4.2 New Product Launches
5.4.3 Acquisitions
5.5 Market Dynamics
5.5.1 Drivers
5.5.1.1 Rising Demand for Elearning Solutions
5.5.1.2 Rising Demand for Personalized Learning
5.5.1.3 Government Initiatives for Adaptive Learning Solutions
5.5.2 Restraints
5.5.2.1 Low End-user Motivation and Engagement to Adopt Adaptive Learning Solutions
5.5.3 Opportunities
5.5.3.1 Boosting the Use of Blended Learning Technology
5.5.3.2 Increasing Demand for Gamification in Adaptive Learning to Provide Opportunities for Adaptive Learning Vendors
5.5.3.3 Growing Use of Cloud Computing Among Organizations and Educational Institutes to Motivate Learners to Adopt Web-Based Adaptive Solutions
5.5.4 Challenges
5.5.4.1 High Cost of Producing Elearning Content
5.5.4.2 Lack of Skilled Trainers and Instructors
5.6 Regulatory Implications
5.6.1 Right to Education
5.6.2 National Science Education Standards
5.6.3 International Standard Classification of Education
5.6.4 European Network for Quality Assurance in Higher Education
5.6.5 Australian Education Act
5.6.6 Education Services for Overseas Students Act
5.6.7 Fundamental Law of Education
5.6.8 Compulsory Education Law of the People's Republic of China
5.6.9 South African Schools Act, No. 84 of 1996
5.6.10 the Education Act 2011
5.6.11 Every Student Succeeds Act
5.6.12 Fund for Maintenance and Development of the Fundamental Education and Valorization of Teaching
5.7 Use Cases
5.7.1 Use Case 1: Dreambox
5.7.2 Use Case 2: Smart Sparrow (Now Pearson)
5.7.3 Use Case 3: Knewton (Now Wiley)
5.7.4 Use Case 4: Realizeit
5.7.5 Use Case 5: Cogbooks
6 Adaptive Learning Market, by Application
6.1 Introduction
6.2 Edtech Companies
6.3 Educational Institutes
7 Adaptive Learning Market, by Component
7.1 Introduction
7.1.1 Component: Market Drivers
7.2 Platform
7.3 Services
7.3.1 Professional Services
7.3.1.1 Consulting
7.3.1.2 Implementation
7.3.1.3 Support and Maintenance
7.3.2 Managed Services
8 Adaptive Learning Market, by Deployment
8.1 Introduction
8.1.1 Deployment: Market Drivers
8.2 Cloud
8.3 On-Premises
9 Adaptive Learning Market, by End-user
9.1 Introduction
9.1.1 End-user: Market Drivers
9.2 Academic
9.2.1 K-12
9.2.2 Higher Education
9.3 Enterprise
9.3.1 Small and Medium-Sized Enterprise
9.3.2 Large Enterprise
10 Adaptive Learning Market, by Region
10.1 Introduction
10.1.1 Region: Market Drivers
10.2 North America
10.2.1 United States
10.2.2 Canada
10.3 Europe
10.3.1 United Kingdom
10.3.2 Germany
10.3.3 France
10.3.4 Rest of Europe
10.4 Asia-Pacific
10.4.1 China
10.4.2 Japan
10.4.3 Australia and New Zealand
10.4.4 Rest of Asia-Pacific
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 South Africa
10.5.3 Rest of Middle East and Africa
10.6 Latina America
10.6.1 Brazil
10.6.2 Mexico
10.6.3 Rest of Latina America
11 Competitive Landscape
11.1 Competitive Leadership Mapping
11.1.1 Visionary Leaders
11.1.2 Innovators
11.1.3 Dynamic Differentiators
11.1.4 Emerging Companies
11.2 Strength of Product Portfolio
11.3 Business Strategy Excellence
12 Company Profiles
12.1 Introduction
12.2 Mcgraw-Hill
12.3 Pearson
12.4 Curriculum Associates
12.5 Wiley
12.6 Istation
12.7 Area9 Lyceum
12.8 Scootpad
12.9 Cogbooks
12.10 Vitalsource
12.11 Dreambox
12.12 Impelsys
12.13 Mathspace
12.14 Fulcrum Labs
12.15 Knowre
12.16 Follett
12.17 Imagine Learning
12.18 Cerego
12.19 Realizeit
12.20 K12
12.21 Houghton Mifflin Harcourt
12.22 Right-To-Win
For more information about this report visit https://www.researchandmarkets.com/r/10bz4i
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