Education & Learning Analytics Market Size, Share, Growth Analysis, By Component(Software and Services), By Application(People Acquisition and Retention, Curriculum Development and Intervention Management, Performance Management, Budget and Finance Management), By Region - Industry Forecast 2024-2031

Education & Learning Analytics Market Drivers

Rapid Evolution in Education Industry to Boost Market Growth during Forecast Period

• Analytics-related technological breakthroughs have significantly and favourably transformed educational systems. Modern educational institutions are increasingly relying on e-learning tools and resources to get better results. As e-learning approaches are utilised more frequently, a lot of data is generated regarding student performance, courses and activities, teachers and faculties, and other topics. With the use of education and learning analytics, institutions and organisations may implement creative tactics to engage both present and potential students. Additionally, educational institutions can make critical data-driven decisions regarding hiring, retaining, and graduating students as well as about faculty productivity and research with the use of education & learning analytics. Educational institutions are now realising the possibilities of data analysis and utilising learning analytics solutions to improve the quality of their instruction and training outcomes.

• Learning analytics' investigation of the relationships between using learning systems and various outcomes can be helpful to learners, instructors, administrators, researchers, and learning system designers. In an effort to increase the productivity of students, learners, and faculty members, governments around the world are initiating initiatives to encourage education & learning analytics. For instance, the Ontario government said in 2021 that it would spend USD 50 million on educational technology and online education to make "Ontario Made" education more widely available and competitive on a worldwide scale. As a result, it is projected that growing government activities would support and promote the adoption of education and learning analytics.

Education & Learning Analytics Market Restraints

Security Threats to Hinder Market Growth

• The collecting, storing, and analysing of data are always of importance. There could be several problems if this data were compromised. For high-quality data with a wide scope that might not be included in learner data, truly accurate models are necessary. Analytics also needs to take into account various academic fields. Instead of just being used in a general and cross-institutional manner, this must be carefully created and tailored for the environment. Through the projection period, these issues are causing impending challenges for the Educational and Learning analytics.