Overview of the global online tutoring market
The global online tutoring market is anticipated to grow rapidly and will post a CAGR of close to 14% during the forecast period. The growing emphasis on entrance examinations by various institutions will drive the growth prospects for the global online tutoring market in the forthcoming years. One of the major factors that drive the growth rate of enrolment in a different institution for private tutoring at an additional fee is the interest and caliber shown by a student in learning topics outside the standardized curriculum. Also, with the growing number of qualified individuals in many countries, the higher educational segment is also becoming extremely competitive, which later prompts colleges and universities to tighten their admission processes. As a result, many institutions conduct entrance examinations such as the SAT and the American College Testing (ACT) to select students based on merit. For instance, in France, all students should clear the Baccalaureate exam to complete their secondary education and enroll themselves in university-level education.
The increasing emphasis on marketing activities will drive the growth prospects for the global online tutoring market until the end of 2021. Some of the vendors follow strategies to establish their brands in the market and attract target customers by focusing on increasing the number of learning centers, offer innovative services and products constantly to segments such as primary and middle school, and organize fairs and forging partnerships with other companies. Also, it is important to understand the market trends, obtain customer insights, target customers, and their
Outlook of the global student information system (SIS) market
Technavio’s market research analyst predicts the global student information system (SIS) market to grow steadily at a CAGR of around 17% by 2021. One of the primary growth drivers for this market is the rise in the application of analytics in the education sector. It has become imperative for educators and administrators to have access to data with which they can drive student performance keeping in mind measurable metrics to fulfill institutions' goals and missions. Institutions are generating enormous amounts of statistical data such as student personal record data, admission and applications data, financial data, data related to alumni, estates and facilities data, and course-wise data related to student enrollments in each course. These data sets are used as a strategic asset by institutions as they assist in operational and business decision-making and planning. With the help of this data, administration departments in institutions can strategically develop intervention policies and corrective measures to increase student intake depending on their resources as well as student retention. SIS acts as a data source that collects and provides raw data to be analyzed. The growing demand for interactive visualizations of data and the application of algorithms to learn and adjust to needs and patterns of users will contribute to the increase in the market share during the forecast period.
In terms of geography, North America accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The rising inclination toward software solution deployment to facilitate school and student management is one of the key factors responsible for the dominance of the SIS market in
Overview of the global corporate LMS market
Technavio’s market research analyst predicts the global corporate LMS market to grow steadily at a CAGR of above 22% by 2021. One of the primary drivers for this market’s growth is the rise in the adoption of automated assessment functionalities. The implementation of LMS in the organization has helped in the training and evaluation of the employees on a real-time basis. The achievements of the employees are gauged by their designation, experience, and other parameters. Organizations have also included performance metrics that are evaluated based on social, emotional, behavioral, and cognition. The assessment system and standards for the employees vary from company to company. The content creation through LMS can be aligned with the company standards, which are inbuilt in the software. With increasing customizations from the vendor end, the corporate LMS market is expected to grow over the forecast period.
One of the latest trends gaining traction in this market is the emergence of mobile learning platforms. With the rising popularity of bring your device (BYOD) policies, the need to access content and the ability to use gadgets to learn and interact effectively, is getting stronger. The corporate sector is rapidly opting for corporate-owned personally enabled (COPE) as a replacement of BYOD. In the COPE model, devices are issued by the organization giving control to the IT department, while allowing employees to use it for personal tasks. As a consequence, vendors that manufacture educational content and products are now focusing on targeting a wider learner base. This will promote influx growth in the
Overview of the global e-learning IT infrastructure market
Market research analysts at Technavio predict that the global e-learning IT infrastructure market will grow steadily during the next four years and post a CAGR of more than 14% by 2021. This market research analysis identifies the increased demand for distance learning as one of the primary growth factors for this market. The emergence of electronic distance learning has offered several distance learning opportunities to people across the world, especially to those who find it difficult to pursue education through the regular mode. This is mainly adopted in the higher education sector as the availability of low-cost software platforms allows educational institutions to create, deliver, and manage online courses. Since most of the education content is either delivered online or in form of CDs, this increased demand for distance learning will consequently result in the growth of the e-learning IT infrastructure market.
One of the major trends that will gain traction in this market in the coming years is the growth in demand for smart software. The adoption of smart software will enable educational institutions enhance their students’ learning experience. The use of smart education software also enables instructors to monitor the activities of students which will aid them in providing the necessary support and guidance throughout the course. Technologies such as learning content
Overview of the education apps market in the US
The education apps market in the US is anticipated to grow at a steady rate and will post a CAGR of more than 6% during the forecast period. According to the market research analyst, the rising demand for virtual schools will drive the growth prospects for the education apps market in the US during the forecasted period. Also, since learning in full-time virtual schools includes different types of content such as video, audio, and simulation, it enhances the learning capabilities of the students. Moreover, since it involves real-time interactive sessions with fellow learners and trainers from related fields and other regions, students get to learn and share knowledge and ideas. In addition, the industry research report states that the rising trend of mass digitization of education across the world results in the growing demand for virtual schools. Moreover, with continuous innovations in e-learning tools, flexible delivery methods, and virtual communication tools, more and more educational institutions are likely to implement these tools in their classrooms.
Overview of the global IWB market
The global IWB market is anticipated to grow at a steady rate and will post a CAGR of more than 6% during the forecast period. The increasing need for experiential learning will drive the growth prospects for the global IWB market until the end of 2020. At present, institutions are increasingly preparing students for employability across key industries such as manufacturing, healthcare, aerospace, and automotive. Also, most of these institutions are deploying hardware systems such as the interactive whiteboard (IWBs) to enhance teaching methods. As a result, the classroom’s environment is being incorporated into computer-based simulations, which directly impacts the learning methodology. Simulations can accurately recreate real world scenarios without involving any kind of execution risks. Moreover, the students gain experience in performing complicated technical operations apart from acquiring skills such as teamwork and communication.
The rising trend of education gamification will drive the growth prospects for the market for the next four years. Gamification allows students to learn their subjects while being engaged in effective educational games. It also revolutionizes the education system by increasing the rate of students’ engagement, creative skill development, and innovations. The various educational elements such as online video learning, the use of games, puzzles, and online questionnaires improve the student’s response. One of the major factors responsible for the rising video production and promotion is the emergence of better web resources and high bandwidth utilization at lower prices. Moreover, vendors are designing games for multiple subjects, which can be taught with the help of IWBs.
Competitive landscape and
The digital era has created a paradigm shift in the traditional education business model. The devices that supplement, complement, and enhance the learning process are introducing new business opportunities to the industry.
In addition to formal learning methodologies, learners are embracing informal learning techniques at an increasing rate. E-learning has enabled diversification in education and facilitated self-paced, instructor-led, and blended e-learning. These are advantageous to both teachers and students.
Thus, the rise in acceptance of technology in the industry has not only led to a new education business model, but also to industry fragmentation, despite it being one of the most highly regulated industries across the world.