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Global Competency-based Education Spending Market 2017-2021

  • Published: Sep 2017
  • Pages: 74
  • SKU: IRTNTR15040
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This industry research report identifies Blackboard, D2L, Ellucian, and Instructure as the key vendors in the global competency-based education spending market. A comprehensive analysis of this market is also presented by product (hardware, systems, solutions, content, and others) and by geography (APAC, Europe, North America, and ROW).

Overview of the global competency-based education spending market

Research analysis on the global competency-based education spending market identifies that the rising workforce requirement in new industries will be one of the major factors that will have a positive impact on the market’s growth. The need for innovative career fields and new industries induces educational institutions such as universities and colleges to invest heavily in offering competency-based programs. Competency-based programs evaluate the progress of students in terms of precise skills and ensure the placement of graduates into any new field with rising labor demand.

Competency-based education spending market growth

These institutions are also making huge investments to offer courses in specializations such as diagnostic imaging, strategic communication, mechatronics, non-destructive testing engineering, and health education. Moreover, universities are also partnering with leading market players to set up a sound and robust competency-based education that uses solutions, systems, and hardware provided by key market vendors. According to the competency-based education spending market analysis, Technavio’s market research analysts predict that this market will grow at a CAGR of more than 18% by 2021.

Competency-based education spending market trends

The introduction of innovative education solutions is one of the key trends that will gain traction in the competency-based education spending market in the forthcoming years. Education technology companies are introducing new solutions to institutions for effective the implementation of competency-based education programs. A significant share of revenue is also invested in programs by companies for the development of software, solutions, and essential content for competency-based programs. For instance, Creatrix Campus, a cloud-based educational solution provides competency-based education assistance to various institutions. This enables educators to spot competencies and skills with programs or courses and their learning outcomes.

The costs of competency-based education: Competitive landscape and key vendors  

The market consists of numerous established players and small and medium-sized enterprises that offer an extensive range of solutions for educators, students, and corporates. Players in this competency-based education market are making huge investments to develop innovative solutions, which will help them sustain the competition and improve their market positions.

The leading vendors in the market

  • Blackboard
  • D2L
  • Ellucian
  • Instructure

Competency-based education spending by product 

  • Hardware
  • Systems
  • Solutions
  • Content

During 2016, the hardware segment accounted for the major shares of the competency-based education spending market. The increased implementation of the suitable infrastructure required to deploy the competency-based education model by a large number of universities and colleges will be the major factor contributing to the growth of this industry segment in the coming years and will increase the competency-based education spending market size.

Competency-based education spending based on geography

  • APAC
  • Europe
  • North America
  • ROW

This market study estimates that in terms of geographic regions, North America will be the major revenue contributor to the competency-based education spending market throughout the forecast period. The rise in the number of K-12 schools and higher education institutions that choose the competency-based education model over the traditional education delivery model will drive the growth of the market in this region.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global competency-based education spending market?
  • What are the key market trends impacting the growth of the global competency-based education spending market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global competency-based education spending market?
  • What are the market opportunities and threats faced by the vendors in the global competency-based education spending market?
  • Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
  • What are the key outcomes of the five forces analysis of the global competency-based education spending market?

Technavio also offers customization on reports based on specific client requirement.

 

 

 

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Global education technology market

PART 05: Market landscape

  • Global competency-based education spending market
  • Five forces analysis

PART 06: Geographical segmentation

  • Global competency-based education spending market by geography
  • Competency-based education spending market in North America
  • Competency-based education spending market in Europe
  • Competency-based education spending market in APAC
  • Competency-based education spending market in ROW

PART 07: Market segmentation by product

  • Global competency-based education spending market by product
  • Global competency-based education spending market by hardware
  • Global competency-based education spending market by systems
  • Global competency-based education spending market by solutions
  • Global competency-based education spending market by content
  • Global competency-based education spending market by others

PART 08: Decision framework

PART 09: Drivers and challenges

  • Market drivers
  • Market challenges

PART 10: Market trends

  • Importance of learning analytics
  • Growing need for experiential learning
  • Evolving learning methodologies
  • Emergence of innovative education solutions

PART 11: Vendor landscape

  • Competitive scenario
  • Competitive benchmarking
  • Growth strategy

PART 12: Key vendor analysis

  • Blackboard
  • D2L
  • Ellucian
  • Instructure

PART 13: Other prominent vendors

PART 14: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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