Market Overview:
The Adaptive Learning Market size is registered to reach USD 1.79 billion to USD 7.41 billion by 2032 and projects a CAGR of 19.43% during the forecast period (2023 - 2032).
Adaptive learning technology is a system-based method which currently showing tremendous growth in the modern generation. This technology has huge applications in advanced learning. It is significantly used to provide online learning students with a unique experience to improve their performance. The technology is embedded with techniques that enhance the student learning procedure and propels engagement and participation in study programs. These factors are driving the global Adaptive Learning Market.
In recent years, the increased usage of adaptive learning software in educational institutes and the growing focus on personalized learning are accelerating the market's growth. Even the rising demand for e-learning solutions with government initiatives for adaptive learning solutions for advancing digital learning are boosting the Adaptive Learning Market growth. Further, smartphones and the Internet contribute to the global adaptive learning market's growth.
During the pandemic, the educational institutes remained shut down for a longer period which caused a massive loss in learning, causing learning loss among students, schools, universities and other educational platforms. But this factor has increased the adaptive learning management software demand. Hence, the market noticed a good growth rate during the lockdown period. The rise in investments in adaptive learning also increased, and the key players offered new learning features.
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Market Segments:
The adaptive learning market is segmented by component, deployment mode, application, end-user, and region.
- By component, the market is segmented into platforms and services. The platforms segment is expected to grow at a faster rate during the forecast period due to the increasing demand for cloud-based adaptive learning solutions.
- By deployment mode, the market is segmented into cloud and on-premises. The cloud segment is expected to grow at a faster rate during the forecast period due to the increasing adoption of cloud-based solutions in the education sector.
- By application, the market is segmented into academic and corporate. The academic segment is expected to hold a larger market share during the forecast period due to the increasing demand for personalized learning in schools and colleges.
- By end-user, the market is segmented into educational institutions, corporates, and government agencies. The educational institutions segment is expected to hold a larger market share during the forecast period due to the increasing adoption of adaptive learning solutions in schools and colleges.
- By region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is expected to hold the largest market share during the forecast period due to the early adoption of adaptive learning solutions in the region.
Regional Analysis
According to the geographical updates, the Adaptive Learning Market is showing is tremendous growth in major continents such as Asia Pacific, Europe, North America, the Middle East and Africa, and South America.
North America covers the largest revenue share, and it is estimated to maintain its growth in the future years. The presence of major countries which are technologically developed, such as the US and Canada, is driving the North American market. The US is the largest market shareholder among other counties. Industrial players play a major role in propelling the market's growth in the region. Europe is considered the second-largest market due to government initiatives in the education sector.
The Asia-Pacific region holds the highest CAGR rate and is expected to hold in the evaluation period. Like China, Japan, and Singapore, the key developing countries are highly driving the region's market.
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Industry News:
In January 2020, the industrial player Person acquired learning technology from Smart Sparrow to boost future education technology. It further enhanced the current adaptive learning capabilities helped accelerate the rollout of its Global Learning Platform (GLP).
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
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