The report is titled as ‘Adaptive Learning Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the adaptive learning market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The adaptive learning market is expected to grow at a significant rate in the near future.
The adaptive learning market is estimated to reach at a value of US$ 2.3 Bn by the end of 2022 and expected to reach at a value of US$ 11.7 Bn by 2030 with a significant CAGR of 22.9%.
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Adaptive Learning Introduction
In the modern era, there are cutting-edge technologies prevailing in the global markets, also comprising technologies like machine learning (ML), data science and artificial intelligence (AI). In a similar manner, the idea of adaptive learning is modifying the momentum of the digital education sector.
Adaptive Learning (AL) is basically a technique that exercises software as a smart responsive teaching mechanics that blends the provision of resources as per the essential and unique learning needs of each learner.
Taking it into account a group of clearly defined course targets, smart software distributes the demonstration of teaching material customized to each learners’ level, as stated by their answers to questions, practices, tasks, and other aptitudes. The utmost objective of adaptive learning is to modify the learner from passive recipient of data and information to associate.
Adaptive Learning Market Dynamics
Adaptive learning can be perceived as a systematic approach used to scrutinize an individual’s performance on the grounds of different frameworks, thereby being a crucial element of the education system.
Adaptive learning software improves student engagement, learning, and involvement in various different study programs. In the present day and age, there is a rising trend of personalization of the learning processes, courses and other related materials which enhances the learning of the student significantly. Owing to which, the global adaptive learning market is projected to grow substantially in the years to come.
In addition to that, schools, colleges, and other educational institutions are rapidly adopting new and innovative ways to make learning more interesting and fun, which is also positively fueling the demand of adaptive learning in the global markets.
Moreover, the governments, all across the world, are also working for the betterment of the education system by taking numerous initiatives. Thus, the global adaptive learning market is expected to rise higher in the forthcoming years.
However, the inadequacy of knowledge and awareness and lower ICT spending and disbursement in few underdeveloped regions, such as South America and Africa, are estimated to hamper the growth of the global adaptive learning market over the forecast period.
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Adaptive Learning Market Segmentation
The global adaptive learning market is segmented on the basis of component, application, deployment, end-user and region. The component segment of the adaptive learning market is divided into platforms and services. The services segment is further divided into professional services and managed services. The professional services is further bifurcated into Consulting, Implementation, and Support and Maintenance.
Furthermore, the application segment is divided into EdTech Companies and Educational Institutes. On the basis of deployment, the market is segmented into cloud and on-premises. Lastly, on the basis of end-user, the market is divided into academic and enterprise. The academic segment is divided into K-12 and higher education. The enterprise segment is also divided into SME and large enterprise.
Adaptive Learning Market Key Players
The global adaptive learning market is dominated by McGraw-Hill, Pearson, Curriculum Associates, Wiley, Istation, Area9 Lyceum, ScootPad, CogBooks, VitalSource, DreamBox, Impelsys, Mathspace, Fulcrum Labs, Knowre, Follett, Imagine Learning, Cerego, Realizeit, K12, and Houghton Mifflin Harcourt, among others.
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