November 18, 2022
Technavio Survey: Adaptive Learning Software Market Size to Grow by USD 1178.71 million from 2022 to 2027
F From 2022 to 2027, the global adaptive learning software market share is anticipated to grow by USD 1178.71 million. Moreover, according to Technavio's most recent market forecast report, the market's growth momentum will slow down to a CAGR of 19.37%. During the forecast period, the market will also experience a 17.39% YOY growth rate.
The global market for adaptive learning software was included in the global market for education services during Technavio's survey. The parent market, also known as the global education services market, includes goods, services, and solutions that are provided to academic institutions, business organisations, individuals, parents, children, and teachers.
Based on the combined revenues produced by producers and providers of hardware, software, instructional materials, solutions, and services, Technavio determined the size of the global education services market.
…educational institutions in North American countries are growing increasingly interested in customising the learning experience for students by looking at their individual learning preferences…
The five forces analysis by Technavio provides an accurate picture of the fragmented nature of the global adaptive learning software market, which includes buyer bargaining power, new entrant threat, rivalry threat, and supplier bargaining power.
Large businesses use the adaptive learning software market to boost their bottom line. One of the key factors driving market segment growth is the growing demand for individualised learning, particularly in the K–12 and higher education sectors. One of the key factors driving market segment growth is the growing demand for individualised learning, particularly in the K–12 and higher education sectors. Ed-tech companies have been supplying the education sector with cutting-edge instructional technology to help with the learning process.
In comparison to other regions, North America is the one with the fastest-growing market for adaptive learning software worldwide. North America will account for 39% of the growth. The primary forces behind the market's growth are the US government's commitment to raising educational standards and its deliberate efforts to spread the concept of adaptive learning solutions. Due to the many uses it has, a lot of online colleges have started using cloud-based adaptive learning software. Educational institutions in North American countries are growing increasingly interested in customising the learning experience for students by looking at their individual learning preferences.
The growing demand for individualised learning is driving growth in the global market for adaptive learning software. Adaptive Learning is one of the essential tools for enabling customised education and simplifying schoolwork for students.
Because each student has a different capacity for concentration and information retention, a one-size-fits-all method of instruction is inapplicable to the learning process. As a result, more vendors are providing adaptive learning solutions.
Posted in News and tagged News, Technavio Survey, Adaptive Learning Software Market, North America, Learning Experience, EdTech
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