Pune, India, Aug. 22, 2022 (GLOBE NEWSWIRE) -- According to our analyst, The global adaptive learning software market size is expected to reach USD 7.94 billion by 2027, exhibiting a CAGR of 22.1% during the forecast period [2022 - 2027]. The emergence of advanced computing technologies in education systems are expected to promote the expansion of the market, states Fortune Business Insights in a report, titled “Adaptive Learning Software Market Size, Share & COVID-19 Impact Analysis, By Deployment (On-Premise, Cloud), By End User (K-12, Higher Education, Corporate), and Regional Forecast, 2022-2027,” The market size stood at USD 1.61 billion in 2019.
Notable Development:
- August 2020: DreamBox Learning announced that it has added new features to its online math program to better support hybrid and virtual school models amid COVID-19 disruptions.
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Report Scope:
| Report Coverage | Details |
| Forecast Period | 2022-2027 |
| Forecast Period 2022 to 2027 CAGR | 22.1% |
| 2027 Value Projection | USD 7.94 billion |
| Base Year | 2019 |
| Adaptive Learning Software Market Size in 2019 | USD 1.61 billion |
| Historical Data for | 2016-2018 |
| No. of Pages | 180 |
| Segments covered | Deployment; End User and Region |
| Growth Drivers | Inclination Towards Innovative Learning to Increase Demand for K-12 Software |
| Growing Preference for Game-Based Learning Software to Augment Market Growth |
Regional Analysis:
Rising Emphasis on Digital Education to Boost Market in North America
The market in North America is expected to experience a rapid growth rate during the forecast period owing to increasing partnerships and collaboration among digital education vendors and institutes to incorporate advanced software in existing education models.
For instance, in January 2018, DreamBox Learning partnered with Knotion, a Mexico-based learning solution provider, to deliver an adaptive math learning platform in English and Spanish to empower personalized and differentiation for thousands of K-9 students across Mexico. Furthermore, the growing digitalization and awareness about digital education in educational institutes will further favor the growth of the market in North America. For instance, in October 2019, DreamBox Learning partnered with the Nevada Association of School Administrators (NASA), to provide NASA educators access to on-site training, research-driven live webinars, and other professional development resources.
Market Driver:
The popularity of Game-based Learning Software to Bolster Growth
The increasing inclination towards innovative game-based learning experiences to engage and empower learners will have a tremendous impact on the global market for adaptive learning software during the forecast period. Gamification has the potential to motivate and encourage users, thus enhancing retention rates and boosting engagement. Moreover, the constant efforts of educational institutes to implement gaming models to engage students in learning activities can foster the healthy growth of the market. Hence, the growing adoption of AI-based digital learning solutions such as PlayGen, tratbeans, Gamelearn, and Indusgeeks Solutions will enable speedy expansion of the market in the forthcoming years.
Colossal Utilization of E-learning platforms to Aid Market During Coronavirus
The temporary closure of schools, universities, and institutes has greatly impacted learners, educators, and skill development establishments amid coronavirus. While some countries are planning to reopen education institutes, it is likely to observe enormous demand for e-learning in the coming days. Furthermore, the increasing reliability of virtual learning among students will push the growth of the adaptive learning software market. Similarly, the rising government support to provide free education through adaptive learning will have an excellent effect on the market. Besides, the growing awareness about the benefits of e-learning such as one-to-one instructions, greater time efficiency, confidence-based approach, the capability to create individualized learning paths, and personalized learning for a heterogeneous group will subsequently foster the healthy growth of the market during the COVID-19 pandemic.
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Market Segmentation:
By Deployment: On Premise, Cloud
By End User: K-12, Higher Education, Corporate
By Region: North America, Europe, The Middle East and Africa, Asia Pacific
Covid-19 Impact:
The coronavirus incident has caused massive loss and disruption to various industries across the globe. We understand that this health disaster has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.
We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain during this global pandemic.
The Report Lists the Main Companies in the Market for Adaptive Learning Software:
- International Business Machines Corporation (New York, US)
- Hitachi, Ltd. (Tokyo, Japan)
- Enbala Power Networks, Inc. (Canada and the US)
- Cisco Systems, Inc. (California, US)
- General Electric (Massachusetts, US)
- AGL Energy (Sydney, Australia)
- AutoGrid (California, US)
- Siemens (Munich, Germany)
- Robert Bosch GmbH (Gerlingen, Germany)
- Enernoc, Inc. (Massachusetts, US)
- Comverge (Georgia, US)
- Blue Pillar, Inc. (Indianapolis, US)
- Enel X (Boston, US)
- Next Kraftwerke (Cologne, Germany)
- Schneider Electric (Paris, France)
- ABB (Zurich, Switzerland)
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Major Points in TOC:
-
- Global Adaptive Learning Software Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- By Deployment (Value)
- On Premise
- Cloud
- By End User (Value)
- K-12
- Higher Education
- Corporate
- By Region (Value)
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
- By Deployment (Value)
- North America Adaptive Learning Software Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- By Deployment (Value)
- On Premise
- Cloud
- By End User (Value)
- K-12
- Higher Education
- Corporate
- By Country (Value)
- United States
- By End User
- K-12
- Higher Education
- Corporate
- By End User
- Canada
- By End User
- K-12
- Higher Education
- Corporate
- By End User
- Mexico
- By End User
- K-12
- Higher Education
- Corporate
- By End User
- United States
- By Deployment (Value)
- South America Adaptive Learning Software Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- By Deployment (Value)
- On Premise
- Cloud
- By End User (Value)
- K-12
- Higher Education
- Corporate
- By Country (Value)
- Brazil
- By End User
- K-12
- Higher Education
- Corporate
- By End User
- Argentina
- By End User
- K-12
- Higher Education
- Corporate
- By End User
- Rest of South America
- Brazil
- By Deployment (Value)
- Europe Adaptive Learning Software Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- Global Adaptive Learning Software Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
FAQs:
- At what CAGR is the market projected to grow in the forecast period (2020-2027)?
The market is projected to grow at a CAGR of 22.1%.
- Which is the leading segment in the market?
The k-12 segment likely to hold the maximum share in the market
- What is the key factor driving market growth?
Growing preference for game-based learning software is likely to drive the market growth.
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