iCrowd Newswire – Aug 11, 2020
The Global Adaptive Learning Market is estimated to grow at a CAGR of ~22% during the forecast period 2020-2025. As per the detailed market study, the global adaptive learning industry is estimated to reach ~$5.5 billion by the end of the year 2025.
The online education industry is transforming rapidly, supported by increasing adoption of digital learning platforms. Major educational institutes and organizations are widely concentrated on the amplification of the e-education components by adopting effective adaptive learning solutions. The rising trend of online education is due to continuous improvements in the network infrastructure and the increasing adoption of the Learning Management System (LMS). Also, Massive Open Online Courses (MOOCs) are gaining huge popularity among learners around the world.
The global adaptive learning market is driven by various growth factors such as increasing demand for e-learning solutions, rising government initiatives to boost adaptive learning solution and increasing demand for personalized learning. However, low end user engagement and motivation to adopt adaptive learning solutions act as a restraining factor for the market growth. On the contrary side, the increasing demand for gamification in adaptive learning and increasing use of cloud computing among educational institutes and organizations are some lucrative opportunities for the market players operating in the global marketplace for the future period.
Segmentation Overview of the Global Adaptive Learning Market
The global adaptive learning market is categorized on the basis of various market segments that include component, application, deployment and end user. These major market segments are further categorized into various sub-segments to study the market in detail.
The Component Segment of the Global Adaptive Learning Market is Sub-Segmented into:
The Application Segment of the Global Adaptive Learning Market is Sub-Segmented into:
- EdTech Companies
- Educational Institutes
The Deployment Segment of the Global Adaptive Learning Market is Sub-Segmented into:
The End User Segment of the Global Adaptive Learning Market is Sub-Segmented into:
- Higher Education
- Large Enterprise
Geographical Overview of the Global Adaptive Learning Market
The North America adaptive learning market is expected to hold the highest market share. The regional market dominance is attributed to easy and high adoption of adaptive learning solutions across the major verticals in the region. The companies involved in the adaptive learning market plays a key role in the technological development and involvement in corporate training majorly contributes in the regional market growth over the future period.
The Asia-Pacific adaptive learning market is analysed to grow at the highest growth rate during the forecast period with major contribution from China, Japan, Singapore, Australia and India. The high growth of the regional market is attributed to high adoption of new technologies for the education industry.
Key Players Insights of the Global Adaptive Learning Market
Houghton Mifflin Harcourt (US), K12 (US), Realizeit (US), Cerego (US), Imagine Learning (US), Follett (US), Knowre (US), Fulcrum Labs (US), Mathspace (Australia), Impelsys (US), DreamBox (US), VitalSource (US), CogBooks (UK), ScootPad (US), Area9 Lyceum (US), Istation (US), Wiley (US), Curriculum Associates (UK), Pearson (UK) and McGraw-Hill (US) are some major players included in the research study of the global adaptive learning market.
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Keywords: Adaptive Learning Market