Global Adaptive Learning Market size is projected to reach US$ XX Bn. by 2026 from US$ XX Bn. in 2019, at a CAGR of XX % during the forecast period.
The Global Adaptive Learning Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Adaptive Learning report also provides trends by market segments, technology, and investment with a competitive landscape.
Definition of Adaptive Learning:
Adaptive Learning improved from traditional learning and development (L&D) interventions focused on one-size-fits-all approaches because it is based on a personalized learning style. It employs a combination of artificial intelligence and machine learning algorithms to address the unique needs of each learner. This industry is still in its infancy, with market size of around $350 million and a year-on-year growth rate of 100%.
Global Adaptive Learning Market Dynamics:
An adaptive learning tool employs advanced technologies such as Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR), among others, to enhance the capabilities of the software and make it more understandable to students, thereby generating interest in learning. This will contribute to the market’s growth.
The rising demand for advanced and innovative eLearning software and solutions, demand for personalized learning, and government initiatives for adaptive learning solutions are all significant factors driving the growth of the adaptive learning market.
Adaptive Learning platforms such as Canvas, Khan Academy, GoReact, Nearpod, among others focus on custom-built algorithms that assess an individual’s needs, abilities, and challenges to create a virtual one-to-one model with localization and personalization. This enables a market to scale quickly in the coming period. A Cloud Guru (ACG) is the industry leader in cloud learning, having assisted over 2,000,000 people and over 4,000 organizations in improving their cloud skills.
The closure of schools and educational institutes due to the Covid-19 pandemic has also boosted the market by creating a demand for more innovative educational models, particularly adaptive learning solutions.
Global Adaptive Learning Market Segmentation:
Based on the component, the global adaptive learning market is segmented into platforms and services. Because of the increasing adoption of adaptive learning platforms by end-users to improve learning outcomes, the platform segment is expected to lead in terms of share XX% during the forecast period. The service segment is expected to grow significantly in terms of revenue during the forecast period, owing to increased demand for services. Adaptive learning service providers offer consulting, installation, maintenance, and support programs, among other things. Such services can be used by end-users to create adaptive learning programs.
Based on application, the market is segmented into EdTech companies, educational institutions, corporate sectors, and others. The growing adoption of education technology (EdTech) tools in both academic and non-academic sectors are expected to positively impact market growth. EdTech solutions and offerings have seen increased adoption in the K-12 and higher education sectors. In 2019, K-12 education startups will have the single largest market share 41 % of the total Edtech market in India with total market size of US$ 4.2 billion. Besides, the corporate segment is expected to grow at the fastest rate during the forecast period. The online software learning platforms train and provide various instructions, training, and suggestions to employees are driving the global adaptive learning market growth.
Based on deployment mode, the global adaptive learning market is segmented into the cloud and on-premises market. The cloud segment is expected to lead the global adaptive learning market in terms of revenue during the forecast period, owing to the rising adoption of cloud-based adaptive learning platforms by academic institutions and enterprises, as cloud-based deployment provides greater flexibility and customization at a lower cost.
Based on End Users, the market is segmented into academic (K-12 and higher education) and enterprise (SME and large enterprise), and others. The academic segment is expected to have a larger share XX % of the market during the forecast period. This category includes academic institutions such as schools, colleges, and private tutorials. Academic end-users in the market make learning and teaching easier by sharing data, voice, and video over adaptive learning.
Global Adaptive Learning Market by mode
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Regional Insights of the Global Adaptive Learning Market:
Due to increased digital education providers and partnerships among governments of various countries, North America is expected to account for a comparatively higher share among the other regional markets during the forecast period. IBM is an American multinational technology corporation headquartered in New York, U.S. The firm offers consulting services to the K-12, higher education, ministry, and department of education sectors. Its analytic solutions aid in the promotion of academic success and the management of learning effectiveness.
Due to increased government initiatives to improve learning outcomes by providing adaptive learning platforms and services to educational institutions, Asia Pacific is expected to grow at a significantly faster rate in terms of revenue rate during the forecast period.
Global Adaptive Learning Market by Regional
The objective of the report is to present a comprehensive analysis of the Global Adaptive Learning Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Adaptive Learning Market dynamics, structure by analyzing the market segments and projects the Global Adaptive Learning Market size. Clear representation of competitive analysis of key players By Application, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Adaptive Learning Market make the report investor’s guide.
Scope of the Global Adaptive Learning Market:
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Global Adaptive Learning Market
Global Adaptive Learning Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Adaptive Learning Market
• McGraw-Hill, Pearson
• Curriculum Associates
• Wiley
• Istation
• Area9 Lyceum
• ScootPad
• CogBooks
• VitalSource
• DreamBox
• Impelsys
• Mathspace
• Fulcrum Labs
• Knowre
• Follett
• Imagine Learning
• Cerego
• Realizeit
• K12
• Houghton Mifflin Harcourt
• Other Key Players
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