Global Adaptive Learning Software Market is valued at approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2029. Adaptive Learning Software is an e-learning solution that is used for enhancing students’ learning, engagement, and participation in different study programs. Moreover, this software is used by educational institutions to provide students with customized resources and activities as per their unique learning needs. The increasing spending on EdTech and growing emphasis on personalised learning are key factors driving the market growth.
Rising EdTech spending is contributing towards the growth of the Global Adaptive Learning Software Market. For instance – as per India Brand Equity Foundation (IBEF) estimates – in 2020, the India EdTech industry was estimated at USD 750 million, and this amount is projected to grow to USD 2862.3 million by 2024, and a further USD 4000.7 million by 2025.
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Also, favorable initiatives from government authorities as well as rising emergence of blended learning technology would create a lucrative growth prospectus for the market over the forecast period. However, concern over data privacy coupled with limited awareness and low ICT expenditure in developing regions hinders the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Adaptive Learning Software Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players as well as increasing adoption of adaptive learning solutions from universities and higher educational institutions in the region would create lucrative opportunities for the market over the projected period. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising expansion of EdTech organizations in the countries such as India, Japan, South Korea, and Singapore among others.
Major market players included in this report are:
DreamBox Learning Inc.
Smart Sparrow Pty Ltd.
D2l Corporation
Knewton
New Leaf Technologies
Realizeit
Fishtree Inc.
Scootpad Corporation
Pearson Education
Kidaptive Inc.
Recent Developments in the Market:
In January 2023, India based Thomson Digital announced its foray into the EdTech industry with the launch of QI www.qanditoday.com. This new platform is a first-of-its-kind assessment-led platform for the preparation of JEE and NEET.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Application
Student Collaboration
Analytics and Insight
E-Learning Authoring
Integrated Learning Management System
Others
By End-User
K-12
Higher Education
Corporate
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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