Teaching strategies, content, and student support change timely to give updated knowledge and technique for teaching. Education and learning analytics helps in advancing and developing educational content. It helps the instructors and lecturers to create strategies and policies to implement those strategies in the institutes. The plans are different and proficient according to the needs of local educational institutes in different countries and cities. The analysis based on educational markets relies on predictive, prescriptive, and descriptive analytics. Previously the number of educational institutes is part of the analytics. Now, e-learning institutes are also collaborating in the strategic management of education. Ed-tech has become a significant part of today’s learning. Continue increments in smart schooling are positively affecting the learning analytics market. Students can take help for their academics through online institutes and tutors. From basics to advance these tutors helps in learning languages, arts, how to write a dissertation and make reports. The literacy and learning analytics helps in creating a favorable situation and environment for schooling and improving learning quality based on a data-driven decision. The rising demands of online educational tools are also boosting the parallel industry of technology. VLE (Virtual learning environment), LMS (learning management system), student information system, and various library systems are making education remote and effortless to access.
COVID-19 effects on education market:
Since online education is an emerging industry and still not established wholely, the current pandemic of COVID-19 has effected global education. According to figures from UNESCO, about 1.3 billion students are not able to attend classes as of March 2020. More than a billion educational institutes are facing closure due o the prevention measures of COVID-19. And the pandemic affecting the education industry negatively. The effect of the crises on education is declining and devastating around the world.
Analysis report 2020, forecast market by 2026:
Here is a report forecasting the education and learning markets by 2026. Since the world facing crises and lockdown situations, previous predictions got off-putting effects. The Global Education and Learning Analytics Market by MarketersMedia depicted the size for 2020 and forecast until 2026 with new reports and data and expected to reach USD 55.83 Billion.
These reports have included the effects of COVID-19 on economies and educational markets. This pandemic has made devastating changes in worldwide financial circumstances. The strategies and plans need changes accordingly. The report covers all three analytics with the data from the regions of North America, Latin America, MEA, Europe, and Asia pacific within both Academic and higher education corporations.
The fundamental points of the report
- The largest market share of the education corporate was the highest 59.2% in the year 2018. The implementation of the digital solution can positively impact the market growth, and the sector can expect to experience a high growth rate along with the banking sector with the increasing use of digital credits by the customers.
- At Compound Annual Growth Rate (CAGR) of 16.8% operation management segment is expecting growth during the forecast period. The session is experiencing continuous growth with the aftermath solution implication and analysis of live statistics of the students and accentuating on improvement areas.
- The CAGR of 17.5% resulted in the Predictive analytics segment for the forecast period. China is one of the prominent users of this segment. As the division promises development in the field with positive reviews and space to correct loopholes of the strategies, it encourages the students and instructors to adopt improved and advanced techniques, performance, and practices.
- The CAGR of Europe will be 18.6% for the forecast period by the analytics. Regions like the UK, Belgium, France, and Germany are joining the race by implementing digital solutions by several solution manufacturers.
Conclusion:
Education and analytics market reports have their essential purpose of studying the current situation, challenges, opportunities, risks, threats, and trends of the education industry. The report helps to make impactful solutions and policies. The analysis also contains the impact of trade policies, international trade disputes, entry barriers, and other regulatory limitations.
