Overview of the curriculum and data management market in the US
Technavio’s market research analyst predicts that the curriculum and data management market in the US will grow at a rapid CAGR of over 13% during the forecast period. One of the key market drivers is the ability to improvise teaching methods using curriculum management tools. With the help of such tools, teachers will have the flexibility of using the build-you-own-curriculum feature to make the overall process of teaching and learning easier as they will have access to conventional materials used in particular school districts. Such platforms take away the need to recreate materials for a particular grade or subject every year. Once the curriculum is designed and put in place, continuous assessment and improvement options will also be available to educators. The ability of such tools to aid teachers in modifying study materials and meet learner requirements will help to propel market growth during the forecast period.
In this industry report, the analysts predict that the increasing preference for cloud-based software will drive market growth in the next four years. Cloud computing reduces the need for capital expenditure by educational institutions, especially if they are small. In this model, users get access to the latest software without the need for upgrades and maintenance. Since there is a growing demand for solutions like intuitive editing tools, easy to manage workflows, on-demand publishing on various platforms, adopting cloud-based solutions offers easy access around the clock and from any location. Companies like Alchemy solutions have made it easy for teachers to develop and send digital lessons to their students and get feedback on their comprehension levels. Cloud computing is a trend that will let teachers track student progress efficiently and will lead to high market growth till the end of 2020.
End-user segmentation of the curriculum and data management system market in the US
The higher education segment dominates the curriculum and data management system market in the US and will grow at a steady CAGR of just over 11% until the end of 2020. Recently, it has been observed that many universities are taking the initiative to redesign courses and update content frequently so that students stay engaged and complete their education. Another reason for the adoption of curriculum and data management systems in the higher education institutions is the rising enrollment of international students.
Competitive landscape and key vendors
The curriculum and data management market in the US has grown steadily over the past few years. Vendors have several opportunities to incorporate innovations in their software packages and fulfill end-user needs in the education industry. Quality standards in the education sector are also changing rapidly and are compelling institutes to adopt technologies so that they can reach students from across the globe. In this market, the traditional vendors are investing a lot of money on R&D so that they can develop and introduce industry-specific software. Players are focused on developing solutions that can be accessed on premises or through cloud technology.
Key vendors in the market are -
Other vendors in the market include Sungard, Skyward, Eduware, and Kuali Foundation.
Key questions answered in the report include
What will the market size and the growth rate be in 2020?
What are the key factors driving the curriculum and data management market in the US?
What are the key market trends influencing the growth of the curriculum and data management market in the US?
What are the challenges to market growth?
Who are the key vendors in the curriculum and data management market in the US?
What are the market opportunities and threats faced by the vendors in the curriculum and data management market in the US?
Trending factors influencing the market share of the US.
What are the key outcomes of the five forces analysis of the curriculum and data management market in the US?
Technavio also offers customization on reports based on specific client requirement.
A curriculum solutions suite consists of an easy-to-use online curriculum management software that helps to manage the design, publication, cost-effectiveness, delivery, and quality of educational courses throughout all stages of the curriculum lifecycle. To gain an advantage in today’s competitive educational scenario, many learners have started accessing a plethora of content from different platforms and devices. Consequently, it has become vital for educators to implement management software, such as the curriculum and data management software, for efficient utilization of the subscribed and OER content.
The report, curriculum and data management market in the US, is part of Technavio’s education portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as education technology, K12 and higher education, and school and college essentials. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.