Adaptive Learning - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Adaptive Learning Market is accounted for $1.90 billion in 2020 and is expected to reach $8.55 billion by 2028 growing at a CAGR of 20.7% during the forecast period. Rising demand for advanced and innovative eLearning software & solutions, demand for personalized learning are the factors driving the market growth. However, low-end user motivation and engagement to adopt adaptive learning solutions are restraining the growth of the market.
Adaptive learning is a system-based technique to provide online students with a personal and unique experience. It is a set of techniques that enhances student learning, engagement, and participation in several study programs and enables tutors to provide one-to-one instructions and assess the capabilities of the learner seamlessly. Adaptive learning methods have witnessed a surge in adoption due to benefits, such as cost-effectiveness, convenience, and improved focus which lead to an increase in the level of satisfaction and course-completion rates and adaptive learning also encourages interactions between tutors and learners.
Based on the component, the services segment is going to have lucrative growth during the forecast period as adaptive learning service providers render a variety of services, such as implementation, consulting, support and maintenance services. These provide end users with services for adaptive learning solution development and smooth installation, deployment, and maintenance of ongoing solutions. Few service providers assist end users in customized solution development for their organization.
By geography, North America is going to have high growth during the forecast period as North America is one of the major adopters of adaptive learning platforms. The region plays a huge role in the development of technology, and emerging technologies and methodologies that reshape corporate training. The need to strengthen the skill sets of employees and technicalities among students in the region impose universities and educational organizations to develop adaptive learning platforms and services.
Some of the key players profiled in the Adaptive Learning Market include Pearson, Curriculum Associates, ScootPad Corporation, K12, Mathspace, McGraw Hill Education, Fulcrum Labs, Istation, CogBooks Ltd., DreamBox Learning, D2L, VitalSource, and Blackboard.
Deployment Modes Covered:
• EdTech Companies
• Educational Institutes
• Corporate Sectors
• Big Data
• Virtual Learning Model
End Users Covered:
• Online Courses
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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