Published on: May 2022
Market Statistics for Big Data Analytics in Education: 2030
The global big data analytics in education market was valued at $13.58 billion in 2020, and is expected to grow at a CAGR of 15.3 percent to $57.14 billion by 2030. Big data analytics is a process through which businesses study vast amounts of data in order to extract relevant information such as market trends, customer preferences, hidden patterns, and other undiscovered truths that might help them make better decisions.
The market for big data analytics in education has grown significantly since the advent of the COVID-19 epidemic
This is due to governments implementing lockdowns in the majority of countries, as well as an increase in the adoption of online teaching culture among students and teachers. Furthermore, rising demand for cloud-based big data technology among educational institutions is propelling the market forward. Multiple benefits of big data in education, increased internet penetration, and increased demand for improved administrative services, as well as the desire to lower education expenses, are the global market's main driving forces. However, the market is projected to be hampered by high initial investment costs.
Analyze the segments
Components, deployment model, application, industry, and region are all segments of the worldwide big data analytics in education market. The market is divided into software and services depending on the component. It is divided into two categories based on the deployment model: on-premise and cloud. Behavior detection, skill assessment, course recommendation, student attrition rate detection, and other applications are among the applications covered in the study. The market is divided into three sectors: K-12, preschool, and higher education. North America, Europe, Asia-Pacific, and LAMEA are the regions studied.
The software category dominates the market in terms of components
The development of big data analytics software solutions that harvest data from many sources and prepare it for analysis and visualization to gain deeper insights into patterns, trends, and relationships within data is largely responsible for the segment's growth. The services segment, on the other hand, is predicted to grow at the fastest rate during the forecast period, owing to a significant increase in the usage of big data analytics services in the education sector, which guarantees that big data analytics platforms and software run smoothly.
Regional Analysis
Asia-Pacific dominated the big data analytics in education market in 2020, and it is predicted to continue to do so throughout the forecast period. This is due to a surge in demand for digital transformation in the education sector in this region, as well as an increase in the convergence of various technologies, such as big data & analytics and artificial intelligence (AI), which have had an impact on the region and led to an increase in its IT budget. Furthermore, due to increased tablet and smartphone adoption in countries like China and India, Asia-Pacific is predicted to rise at a high rate throughout the projection period.
The research focuses on the education market's development potential, restrictions, and big data analytics. Porter's five forces analysis of the big data analytics in education industry is used to understand the impact of various factors such as supplier bargaining power, competitor competitive intensity, threat of new entrants, threat of substitutes, and buyer bargaining power on big data analytics in education industry trends.
COVID Impact Assessment
The global big data analytics in education market was valued at $13.58 billion in 2020, and is expected to grow at a CAGR of 15.3 percent to $57.14 billion by 2030. The market for big data analytics in education has grown significantly since the advent of the COVID-19 epidemic. This is due to governments implementing lockdowns in the majority of countries, as well as an increase in the adoption of online teaching culture among students and teachers. Furthermore, rising demand for cloud-based big data technology among educational institutions is propelling the market forward. Furthermore, measuring students' performance, recognizing students' interests, and tracking students after they graduate from college are some of the key benefits of big data and business analytics in education, all of which contribute to market growth.
Key Market Segments
BY COMPONENT
BY DEPLOYMENT MODEL
BY APPLICATION
BY SECTOR
BY REGION
North America
Europe
Asia-Pacific
LAMEA
By Key Market Players
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