Adaptive Learning Market by Component, Application, Deployment, End-user, and Region - Global Forecast to 2025 - ResearchAndMarkets.com

The "Adaptive Learning Market by Component (Platform and Services), Application, Deployment (Cloud and On-premises), End User (Academic (K-12 and Higher Education) and Enterprise (SME and Large Enterprise)), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global adaptive learning market size is projected to grow from USD 1.9 billion in 2020 to USD 5.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.7% during the forecast period.

eLearning helps individuals to gain access to content at any time of the day across the globe. When new innovative tools or practices are launched in the digital technology market space, eLearning helps learners adopt these new changes rapidly and efficiently.

The online education industry is transforming rapidly, and it is evident with the growing adoption of digital learning.

In this digital era, most educational institutes and enterprises are widely concentrated on the amplification of the eEducation component with the use of effective adaptive learning solutions. Educational institutes and enterprises further understand the importance of eLearning, as it saves cost, time, and efforts. Adaptive learning solutions allow learners to learn at their own pace throughout a course. This leads to increased levels of satisfaction and course-completion rates and encourages interactions between tutors and learners. It further enables tutors to provide one-to-one instructions and assess the capabilities of the learner seamlessly.

Enterprise segment to grow at higher growth rate during the forecast period

Organizations and institutions in business domains, apart from the education sector, have been classified as enterprises in the report. Enterprise users include organizations catering to various verticals, such as retail, government, healthcare, and Banking, Financial Services, and Insurance (BFSI). Corporate users implement these solutions as a tool to train and assess employees for providing various instructions and suggestions. Real-time mass notification solutions help enterprise management to deploy faster communication among its employees about new policies and other instructions. This segment is further classified into Small and Medium-sized Enterprise (SME) and large enterprise on the basis of the number of employees in the

organization.

Professional services segment to record a higher market share during the forecast period

Professional services are categorized into three types: consulting, implementation, and support and maintenance. Professional services are mostly post-sales services that are delivered to customers after the purchase of a product. These customized, knowledge-based services being offered to clients fall under the professional services category. Sometimes, new technology solutions must be merged with the existing legacy Information Technology (IT) infrastructures, so that critical applications can be upgraded, and better ways can be implemented to manage and store data. These services constitute an integral part in deploying the solution on-board, imparting training, and handling and maintaining the software. Professional services include solution designing, planning, deploying, and upgrading, and consulting services.

Support and maintenance segment to hold the highest market share during the forecast period

Among professional services, support and maintenance services to hold the highest market share during the forecast period. Support and maintenance services include the support related to the use of an adaptive learning platform. Customer-focused support systems and teams help organizations reap maximum benefits from their adaptive learning investments. Vendors provide various levels of support and maintenance programs, such as standard and extended support, designed to meet customer needs. These services also include the support provided during pre- and post-installation and maintenance exercises, fundamentally accommodated for data and solution support. Support and maintenance services can be offered from remote locations by means of web conferencing, phones, and ticketing frameworks, or by onsite help.

Asia Pacific to record the highest growth rate during the forecast period

The APAC region consists of many emerging economies, such as Australia, India, China, Japan, and Singapore. The high adoption rate of new technologies has made this region a lucrative market for the education industry, and due to this, the adaptive learning market in APAC is expected to grow at the highest rate. In addition, countries in the region are taking aggressive initiatives to upsurge their IT infrastructure, enabling commercial users to adopt cutting-edge technologies.

Market Dynamics

Drivers

• Rising Demand for Elearning Solutions
• Rising Demand for Personalized Learning
• Government Initiatives for Adaptive Learning Solutions

Restraints

• Low End-user Motivation and Engagement to Adopt Adaptive Learning Solutions

Opportunities

• Boosting the Use of Blended Learning Technology
• Increasing Demand for Gamification in Adaptive Learning to Provide Opportunities for Adaptive Learning Vendors
• Growing Use of Cloud Computing Among Organizations and Educational Institutes to Motivate Learners to Adopt Web-Based Adaptive Solutions

Challenges

• High Cost of Producing Elearning Content
• Lack of Skilled Trainers and Instructors

Companies Profiled

• Mcgraw-Hill
• Pearson
• Curriculum Associates
• Wiley
• Istation
• Area9 Lyceum
• Scootpad
• Cogbooks
• Vitalsource
• Dreambox
• Impelsys
• Mathspace
• Fulcrum Labs
• Knowre
• Follett
• Imagine Learning
• Cerego
• Realizeit
• K12
• Houghton Mifflin Harcourt

For more information about this report visit https://www.researchandmarkets.com/r/yxjm7u

View source version on businesswire.com: https://www.businesswire.com/news/home/20200706005158/en/