Overview of virtual schools market in North America
As per Technavio’s market research report, the virtual schools market in North America is foreseen to grow at a CAGR of almost 13% during the forecast period. The rise in custom learning methods is noted as one of the primary drivers for this market. The target audience for the virtual school concept are the parents with hectic schedules, people with a high mobility career, and children of families that are unable to admit their kids into normal schooling due to various issues like lifestyle, place, and time zone difficulties. Furthermore, the availability of a number of courses and flexible timing options that is the core strength for virtual schools will also significantly boost the growth of the market.
One of the latest trends that will gain traction in the virtual schools market in North America is the rising demand for distance learning. The distance learning technique works better for people facing financial issues, geographical limitations, and scheduling classes. All learning material is delivered online or in a packaged form of books and educational content CDs. Delivering the content in a synchronous manner, virtual schooling is steadily taking over the concept of normal schooling. Consequently, there is a rise in demand for online courses in numerous schools in the US, which is attracting students from all over the world.
Competitive analysis and key vendors
The virtual schools market in North America is defined by the presence of various international and local vendors. Owing to factors such as the increasing demand for educational institutions and the availability of digital infrastructures, most of the market players are mainly from the US. However, the market also consists of several regional and foreign players who account for minimal market shares. Since the international players are concentrating on
Overview of the digital education publishing market in the US
According to the Technavio’s analyst, the digital education publishing market in the US is anticipated to grow at a steady rate and will post a CAGR of close to 11% during the forecast period. The increasing number of investments in the information and communication technology (ICT) in the education sector will drive the growth prospects for the digital education publishing market in the US until the end of 2021. The incorporation of ICT software and hardware solutions enables educational institutions to integrate hardware and software for developing better digital learning techniques. These innovative learning methods include flipped classrooms, blended learning, simulations, experiential, and inquiry-based learning. Also, using hardware like interactive whiteboards and interactive tables along with software like assessment, content creation, learning management, and student information systems, the educational institutions are increasingly depending on digital education content in the form of e-books and e-textbooks.
The emergence of publishing formats will drive the growth prospects for the digital education publishing market in the US during the forecasted period. A large number of digital education publishers adopt various
Overview of the artificial intelligence market in the US education sector
Market research analysts at Technavio have predicted that the artificial intelligence market in the US education sector will grow steadily during the next four years and post a tremendous CAGR of almost 48% by 2021. This market research analysis identifies the increased adoption of intelligent adaptive learning (IAL) as one of the primary growth factors for this market. By enabling access to information on the various aspects of student learning, cognitive learning helps teachers plan lessons plans with a clear understanding of the learning skills or problem-solving approach of individual students. To enhance the students' gamified learning experience, vendors are providing content in various formats such as audio, graphs, videos that are backed by IAL. To records the details of the learning process and understand the studying behavior and learning patterns, vendors will start focusing on supporting their advanced learning platforms with artificial intelligence since it will help them in providing customized solutions to students.
The emergence of artificial intelligence-empowered educational games will be one of the major trends to gain traction in this market in the coming years. The increasing demand for educational games that offer an effective medium to teach education interactively, will induce vendors to start incorporating artificial intelligence in games which will enhance the interactivity element and improvise adaptive learning features by providing timely suggestions for a guided learning experience.
Competitive landscape and key vendors
The market is characterized by the presence of a considerable number of education
Overview of the global cloud-based English language learning market
Technavio’s market research analyst predicts the global cloud-based English language learning market to grow steadily at a CAGR of above 27% by 2021. One of the primary drivers for this market is the rising adoption of cloud platform as a horizontal support. There has been a surge in the adoption of cloud-based English language learning among institutions and corporates. The transition can be attributed to the availability of various software solutions critical to either creating language learning courses or delivering them. For instance, there are cloud-based content authoring tool providers that assist in creating and designing content for English language learning. Moreover, management tools such as learning management system (LMS) and enterprise resource planning (ERP) are adding momentum to the acceptability of the cloud-based English language learning, eventually leading to the growth of the global cloud-based English language learning market over the next few years.
One of the latest trends gaining traction in this market is the rapid rise in the adoption of HYPERLINK "http://www.technavio.com/report/global-cloud-computing-hybrid-cloud-serv..." hybrid cloud platforms. In this model, the software or the resources are provided by the public cloud service provider on a private cloud platform. The public and private cloud infrastructures can operate independently and communicate over an encrypted connection that allows portability of data and applications. It also allows institutions to store privileged data on a private cloud and
Overview of the corporate online language learning market in Europe
Technavio’s market research analyst predicts the corporate online language learning market in Europe to grow steadily at a CAGR of above 9% by 2021. One of the primary drivers for this market is the growing implementation of language cloud services. The entire ecosystem of storing, managing, and accessing information is quickly shifting toward the cloud. The adoption of cloud-based services for language learning is playing an important role in boosting the growth of the online language learning market largely due to the increased internet access by language learners. Also, a majority of the organizations are shifting to software as a service (SaaS) learning management system to impart language education. This shift is mainly due to the reduced capital expenses and convenient accessibility to information such as announcements, classes, calendars, and assignments. As a growing number of organizations migrate towards cloud-based solutions like learning management system (LMS), the demand for corporate language training programs that can run on these systems will increase, which will, in turn, augment the growth of the corporate online language learning market in Europe during the forecast period.
One of the latest trends gaining traction in this market is the rising demand for digital learning. Digital learning involves interactive and engaging methods through audio, videos, presentations, online courses, mobile apps, and e-books. It helps in better assimilation and absorption of
Overview of the global digital English language learning market
Technavio’s market research analyst predicts the global digital English language learning market to grow steadily at a CAGR of above 23% by 2021. One of the primary drivers for this market is the rise in the number of English language learners. Increased number of student enrollment for graduate schools to English speaking countries iIconsidered to be the primary contributor to the growth of this market. In the higher education segment, universities in the US, Australia, the UK, and Canada require applicants to pass language tests such as the Test of English as a Foreign Language (TOEFL), Graduate Record Examination (GRE), and International English Language Testing System (IELTS). In an attempt to excel in these tests students are compelled to enroll in private English language training (ELT) institutions. This development has led to significant demand for ELT in countries like India and China, where each year, the number of graduates moving to countries like UK and US for advanced studies is growing at a notable rate. This rise in the number of English language learners will augment the growth of the global digital English language learning market during the forecast period.
In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. Countries in the region have started introducing formal English language education from the first year of junior secondary schools. Countries such as China and South Korea are keen on increasing English language skills among students. As a
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.