Adaptive Learning Market

Report Scope & Overview:

The Adaptive Learning Market Size was valued at USD 2.78 billion in 2022, and expected to reach USD 11 billion by 2030, and grow at a CAGR of 18.72 % over the forecast period 2023-2030.

Adaptive learning is a system-based strategy for giving online students a personalized and unique learning experience with the purpose of improving their performance. It is a collection of methods for improving student learning, engagement, and involvement in a variety of academic programs. One of the major factors driving the market's growth is the rising use of adaptive learning software in schools and universities, as well as the increased emphasis on personalizing the learning experience. Furthermore, the adaptive learning market is predicted to develop in response to the rising need for e-learning products and rising government efforts for adaptive learning solutions. Because of advantages like as cost-effectiveness, ease, and greater attention, adaptive learning approaches have seen a boom in popularity. Furthermore, the worldwide adaptive learning market is growing as smartphones and the Internet become more widely used. This expansion is projected to be hampered by the availability of free material and a lack of awareness.

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MARKET DYNAMICS:

KEY DRIVERS:

• Rising Demand for Personalized Learning

• Need for Advanced and Innovative E-Learning Software

• Government Initiatives for Adaptive Learning Solutions

RESTRAINTS:

• User Engagement and Motivation to Adopt Adaptive Learning Solutions at the Low-End

• Complexities of the software, such as time-consuming and expensive.

OPPORTUNITIES:

• Adaptive Learning Vendors will benefit from growing demand for gamification in Adaptive Learning.

• Boosting the use of blended learning technology

• Growing use of cloud computing among organizations and educational institutes to motivate learners to adopt web-based adaptive

CHALLENGES:

• Lack of skilled trainers and instructors

• High cost of producing E-learning Content

IMPACT OF COVID-19:

The World Health Organization (WHO) declared COVID-19 a worldwide epidemic in March 2020, putting some nations under lockdown. The new corona virus epidemic is highly likely to have a long-term impact on consumer lifestyle and behaviour. The novel COVID-19 is circulating in numerous nations throughout the world, wreaking havoc on educational institutions. The COVID-19 epidemic has forced schools to close, resulting in a loss of learning for students, schools, and Ed-tech platforms. As a result, demand for adaptive learning management software has skyrocketed. Furthermore, as a result of the increased investment in adaptive learning, major players are now delivering learning software with expanded capabilities, which is projected to drive up demand.

MARKET ESTIMATION:

The market for adaptive learning is divided into five categories: component, cloud deployment, application, end-user, and geography. Players, stakeholders, and other industry players in the worldwide Adaptive Learning market will be able to obtain a competitive advantage as a result of this report's marketing recommendations. In terms of revenue and forecast for the period 2022-2028, the market study focuses on revenue and forecast by region/countries and by application.

The report goes on to look at the current state of the industry, as well as the future trends in the Adaptive Learning Market throughout the world. In addition, it segmented the Adaptive Learning market by solution, service type, cloud deployment, service, organization size, and geography to provide in-depth analysis and disclose market characteristics and prospects.

KEY MARKET SEGMENTS:

By Component type

• Platform

• Services

By Deployment

• On-premise

• Cloud

By Application

• Ed-tech Companies
• Educational Institutes

By End-User:

• Academic

  • K12

  • Higher Education

• Enterprise

  • SME

  • Large enterprise

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REGIONAL ANALYSIS:

Asia-Pacific, North America, Europe, the Middle East & Africa, and South America are the regions in which the adaptive learning market has been categorized.

North America had the highest revenue share in 2021 and is predicted to continue to do so throughout the projection period. The presence of economically and technologically advanced nations such as the United States and Canada, as well as rising technology, can be contributed to this expansion. The United States held the greatest proportion of the market, followed by Canada and Mexico. The presence of important market participants in the region, such as McGraw-Hill, Pearson, Wiley, and I station, is driving the expansion. Due to an increase in government programs for education and bring-your-own-device initiatives, Europe is predicted to be the second-largest regional market.

Major economies in the area, such as China, Japan, and Singapore, are likely to have rapid expansion in the adaptive learning industry.

REGIONAL COVERAGE:

• North America

  • USA

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Key Market Players:

The key market players include McGraw-Hill, Pearson, Curriculum Associates, Wiley, I station, Area9 Lyceum, ScootPad, Cog Books, VitalSource, DreamBox, Impelsys, Mathspace, Fulcrum Labs, Knowre, Follett, Imagine Learning, Cerego, Realizeit, K11, Houghton Mifflin Harcourt & Other Players

Pearson -Company Financial Analysis