Covid-19 Impact on Network Transformation market :
This Covid-19 pandemic led lockdown and mobility restrictions across the world imposed by countries caused supply chain disruptions, remote working, and sudden downturn of all the markets including global adaptive learning market. Some industries have faced downfall, and some industries have experienced positive effects due to this pandemic. The covid-19 pandemic led shut down of schools, colleges, private institutions for an undefined period of time. However, this situation across the world gave boost to the market. To compensate for the learning loss caused by this pandemic, many institutes and organizations adopted adaptive learning software and students shifted to online adaptive learning platforms. This made this industry growth in pandemic times.
The The Adaptive Learning market is expected to grow at a CAGR of 22.8% to reach USD 9865 Million in 2028.
This report offers an overview global adaptive learning market, business changing environment, investment opportunities, challenges facing the market as well as risks that market players may face, market projections, segment study, and more such aspects are studied in detail in the report.
Segment by Components :
The adaptive learning market is segmented into platforms and services based on components. Adaptive learning service providers offer a wide range of services, including installation, consultancy, and support & maintenance. These services provide end-consumers services for the development of adaptive learning solutions and the smooth installation, deployment, maintenance of ongoing solutions. The adaptive learing market service segment is expected to grow at a higher growth rate during the forecasted period.
Segment by End-Use:
The adaptive learning market is segmented into Higher Education, Corporate Sectors, Educational Institutions, K-12, and others based on end-use. The education sector occupies the largest sector of the adaptive learning market owing to the predominance of new models, particularly with the increasing transition to online learning. The corporate sector is forecasted to grow at the highest growth rate during the forecasted period.
Segment by region :
The adaptive learning market is segmented into Europe, North America, Asia Pacific, South America based on geography. Among segmented regions, North America holds a leading position. North America is predicted to hold an important role in technological advancement. North America region is an early adopter of new technology. Due to this factor, it has a leading position in the market, and it is expected to continue this lead during the forecasted period. Asia Pacific region will be growing at the fastest CAGR during the forecasted period according to projection.
Adaptive learning is an online education system where advanced technology tools are used to analyze performance of a student in real-time and the collected data is further used to modify the teaching methods. Adaptive Learning Software includes multiple algorithms for analyzing students' particular needs and strengths depending on their responses to the software's queries. Adaptive learning is carried out on a web-based platform. The web-based software platform contains information related to the class and guides students in their learning process. The student performance is analyzed with the help of algorithms and make calculated decisions for directing students to take actions. Owing to key benefits such as personalized experience, student engagement, enhanced learning, exposure to different educational programs, the adaptive learning is gaining traction as opposed to traditional learning methods thus fostering progress in global adaptive learning market. Adaptive learning offers students educational experiences through e-books, audio or video learning sessions, learning through educational based mobile applications, quizzes, assessments etc.
The adaptive learning market has witnessed a surge in adoption due to benefits, such as convenience, cost-effectiveness, and improved focus. There has been an growing demand for e-learning solutions. Government are also investing advanced education models for advancing education infrastructure driving the global adaptive learning market. Corporate training, adaptive learning used in IT sector for collecting employee data for progress monitoring are some key driving forces of global adaptive learning market. Data regarding employee learning growth can be collected with this personalized learning software. Adaptive learning lets employees learn any material more efficiently, making corporate training a major driving force for the adaptive learning market. Along with these factors, rising smartphones and internet penetration are also fueling adaptive learning market growth.
However, significant subscription and enrollment costs are hampering the adoption of adaptive learning hindering the overall adaptive learning market. In developing countries, such high-cost adaptive learning software may not be viable. Even lack of awareness about this market and shortage of skilled workers restricts this market growth.
The major players in global adaptive learning market are Houghton Mifflin Harcourt, Imagine Learning, Follett, Fulcrum Labs, Impelsys, DreamBox, VitalSource, CogBooks, K12, ScootPad, Area9 Lyceum, Realizeit, Istation, Knowre, Wiley, Curriculum Associates, Pearson, Cerego, Mathspace, and McGraw-Hill among others.
Latest Innovation :
- In February 2020, McGraw-Hill signed an agreement with Proctorio, a provider of the learning integrity platform. McGraw-Hill will use browser locking and remote proctoring capabilities of Proctorio for assessments in its McGraw-Hill Connect Digital Learning Platform.
- In January 2020, Pearson acquired Smart Sparrow, an adaptive learning platform provider. Pearson acquired Smart Sparrow for approximately USD 25 million to enhance its capabilities in the adaptive learning market. This acquisition will also accelerate the growth of Pearson's Global Learning Programme (GLP).
Adaptive Learning Market Scope
|Revenue forecast in 2028
|USD 9865 Million
|CAGR of 22.8% during 2018-2028
|By Components, Regions
|North America, Europe, Asia Pacific, Middle East and Africa, South America
|Key Players Profiled
|Adobe Inc., Aptara Inc., D2L Corp., DreamBox Learning Inc., CogBooks, John Wiley & Sons Inc., McGraw-Hill Education Inc., Pearson Plc, ScootPad Corp., and Skillsoft Ltd. among other domestic and global players
Key segments of the Adaptive learning market :
Segment by Components:
Segment by End-Use:
• Higher Education
• Educational Institutions
• Corporate Sectors
Segment by Region :
· Rest of Europe
· Rest of Asia Pacific
· Rest of South America