$ 425.53 Million growth expected in Adaptive Learning Software Market | 10.80% YOY growth in 2021 amid COVID-19 Spread | North America to Notice Maximum Growth | Technavio
NEW YORK, May 12, 2021 /PRNewswire/ -- The global adaptive learning software market by end-user (ed-tech companies, educational institutions, and corporate sectors), deployment (cloud-based deployment and on-premise deployment), and geography (North America, Europe, APAC, South America, and MEA) has been added to Technavio's offering. The global adaptive learning software market is expected to grow by USD 425.53 million, at a CAGR of about 11% during 2021-2025.
The rapid spread of the pandemic disrupted the growth of the market in 2020. However, in 2021, the market is picking up pace as many academic institutes have started their operations now, with distance learning and online course modules. Besides, the increasing access to high-bandwidth internet and the proliferation of smartphones are supporting the growth of the global adaptive learning software market.
The market is expected to be driven by factors such as the increasing need for personalized learning, the inclusion of analytics, and rising government regulations in adaptive learning.
The report also offers information on the upcoming trends and challenges that will influence market growth.
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Adaptive Learning Software Market: Opportunities
A large number of educational institutions in developing countries such as China, Singapore, and India are opting for adaptive learning. In addition, the market in these regions is witnessing an increase in the number of SMBs and significant growth in the number of enrollments in schools. Also, the expansion of businesses by major MNCs in these countries has increased the demand for adaptive learning solutions across a broad range of disciplines, such as technical skills, business skills, and management skills. Many such factors will present significant growth opportunities for market vendors during the forecast period.
Adaptive Learning Software Market: Segmentation by Deployment
Based on the segmentation by deployment, the market generated maximum revenue in the cloud-based segment in 2020. The segment is driven by the lower initial setup and implementation costs associated with cloud-based adaptive learning software. Also, other benefits such as automatic software updates, enhanced security options, and easier communications are contributing to the growth of the segment.
Adaptive Learning Software Market: Segmentation by Geography
North America held the largest market share in 2020 and the market growth in the region is expected to be faster compared to the growth of the market in other regions. The growth of the market in North America can be attributed to the strong focus of the US government on the improvement of education quality and the rise in the number of strategic initiatives to mainstream the concept of adaptive learning solutions in the region.
One of the fortune 500 companies had used the detailed research report on the adaptive learning software market and had decided to increase their market share in the North America region which offers the highest market opportunities during the forecast period.
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Adaptive Learning Software Market: Major Vendors
Adobe Inc.
The company offers text to speech, quiz slides, and a collection of plug-and-play interactions like drag and drop, click and reveal, and other services. These are designed to suit the progressing ability of the students.
Aptara Inc.
The company offers courses on K-12 mathematics language, English language arts, science, social studies, and Spanish as a world language. These courses enable students can learn the courses at their own pace.
D2L Corp.
The company offers the product Next-Generation Learning Engagement Platform. It offers employees in an organization with interactive and engaging learning.
DreamBox Learning Inc.
The company offers courses for kids and parents. The courses are backed by the technology Multi-Tiered Support Services (MTSS) and Response to Intervention (RTI).
ScootPad Corp.
The company offers edNexus.io. It is a platform that harnesses the power of data to generate virtual smart-tutoring powers to deliver powerful personalized learning experiences to students.
Along with the market data, Technavio offers customizations as per the specific needs of companies. The following customization options are available for the adaptive learning software market report:
Regional Analysis
- Further breakdown of the market segmentation at requested regions.
Market Player Information
- Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings.
- Know the strategies adopted by vendors during the COVID-19 Recovery Phase.
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Global Next Gen Learning Management System (LMS) Market for Higher Education – Download our free sample report to learn about major trends impacting the growth of the market over the next five years.
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Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Ed-tech companies - Market size and forecast 2020-2025
- Educational institutions - Market size and forecast 2020-2025
- Corporate sectors - Market size and forecast 2020-2025
- Market opportunity by End-user
Market Segmentation by Deployment
- Market segments
- Comparison by Deployment
- Cloud-based deployment - Market size and forecast 2020-2025
- On-premise deployment - Market size and forecast 2020-2025
- Market opportunity by Deployment
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- APAC - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Adobe Inc.
- Aptara Inc.
- D2L Corp.
- DreamBox Learning Inc.
- Instructure Inc.
- John Wiley & Sons Inc.
- McGraw-Hill Education Inc.
- Pearson Plc
- ScootPad Corp.
- Skillsoft Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Report: www.technavio.com/report/adaptive-learning-software-market-industry-analysis
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