Education and Learning Analytics Market to Reach $36.59 Billion by 2029 - Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Meticulous Research

REDDING, Calif., July 5, 2022 /PRNewswire/ -- According to a new market research report titled, "Education and Learning Analytics Market by Offering (Software, Services), Deployment, Application (People Acquisition & Retention, Operations, Performance Management, Others), User Group (Academic, Corporate) and Geography - Global Forecasts to 2029", the education & learning analytics market is expected to grow at a CAGR of 23.8% from 2022 to 2029 to reach $36.59 billion by 2029.

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Education & learning analytics describes the use of data to understand learners' needs and improve educational services accordingly. It can be used to test the effectiveness of different learning techniques, track students' progress and identify areas for improvement, and give educators insight into the most successful tactics. The learning analytics (LA) market is rapidly growing in educational institutions globally, especially for higher education and Massive Open Online Courses (MOOCs) providers, which drive the need to improve students' success rates, retention, learning experience, and course material efficiency.

The growth of this market is driven by the growing need for data-driven decisions to improve the quality of education and extensive government initiatives for education modernization. However, a lack of awareness regarding education analytics standards and data hygiene among educational institutes is expected to restrain the growth of this market. The incorporation of machine learning and artificial intelligence in education & learning analytics is expected to create growth opportunities for the players operating in this market. However, data privacy & security concerns & misconceptions and a lack of knowledge regarding education & learning analytics solutions are major challenges for market growth. Additionally, the increasing adoption of distance learning and the growing utilization of cloud-based learning analytics solutions are major trends prevalent in the global education & learning analytics market.