Big Data Analytics in Education Market is likely to expand USD 57.14 Billion at 15.3% CAGR by 2030

Big Data Analytics in Education Market

Big Data Analytics in Education Market

Asia-Pacific is expected to witness a significant growth rate during the forecast period, owing rise in penetration of tablets and smartphones across countries.

PORTLAND, PORTLAND, OR, UNITED STATES, July 10, 2023/EINPresswire.com/ — According to the report published by Allied Market Research, the global big data analytics in education market size generated $13.58 billion in 2020, and is projected to reach $57.14 billion by 2030, witnessing a CAGR of 15.3% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chains, key investment pockets, regional scenarios, and competitive landscapes.

Lucrative benefits of Big Data in the education sector, increase in awareness about the changing learning system, and rise in investment in the education sector to improve administrative services drive the growth of global big data analytics in the education market. However, high initial investment cost restrains the market to some extent. On the other hand, the surge in adoption of cloud-based learning analytics solutions and advent of machine learning & artificial intelligence present new opportunities in the upcoming years.

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COVID-19 scenario:

• The outbreak of the COVID-19 pandemic led to significant growth of global big data analytics in the education market.

• Due to the implementation of lockdowns by governments in majority of the countries, there has been a huge rise in the adoption of online teaching culture among students & teachers. This in turn, positively impacted the global big data analytics in the education market.

• Moreover, analyzing students’ performance, identifying the core area of students, and monitoring students after graduating from college are few important benefits of big data and business analytics in education, which foster market growth.

The report offers detailed segmentation of the global big data analytics in the education market based on component, deployment model, application, and region.

Based on the deployment model, the on-premise segment held the largest market share in 2020, holding more than two-third of the total market share, and is expected to continue its leadership status during the forecast period. However, the cloud segment is projected to register the highest CAGR of 19.9% from 2021 to 2030.

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Based on components, the software segment held the highest market share in 2020, holding more than two-thirds of the total market share, and is expected to continue its leadership status during the forecast period. However, the services segment is estimated to register the highest CAGR of 17.9% from 2021 to 2030.

Based on region, North America contributed to the highest share in terms of revenue in 2020, holding more than half of the total market share, and is estimated to continue its dominant share by 2030. Moreover, Asia-Pacific is projected to manifest the fastest CAGR of 19.4% during the forecast period.

Leading players of the global big data analytics in the education industry analyzed in the research include Alteryx, Inc., Blackboard Inc., Fintellix Solutions pvt. Ltd., LatentView Analytics, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Tableau Software, TIBCO Software Inc.

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Key Benefits For Stakeholders:

• This study includes the big data analytics in education market analysis, big data analytics in education market trends, and future estimations to determine the imminent investment pockets

• The report presents information related to key drivers, restraints, and big data analytics in education market opportunities.

• The big data analytics in the education market size is quantitatively analyzed from 2020 to 2030 to highlight the financial competency of the industry.

• Porter’s five forces analysis illustrates the potency of buyers & suppliers in big data analytics in education market share.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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