Big Data Analytics in Education Market - Global Opportunity Analysis 2030

Big Data Analytics in Education Market

The global big data analytics in education market size was valued at US$ 13.58 billion in 2020 and is projected to reach US$ 57.14 billion by 2030 registering a CAGR of 15.3%.

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Numerous Benefits Of Big Data in Education Sector

Big data analytics plays a crucial role in the education sector. Along with increasing administrative efficiency, big data analytics enables educational institutes to make faster decisions and gain a competitive edge by analyzing and acting upon information quickly. Institutes can forecast, monitor, and manage various occasions for improving the performance of students and teachers. Moreover, analytics helps in optimizing selling strategies thereby increasing the operational efficiency of institutes. Big data also improves student engagement through real-time data analysis, reduces dropout rates, and helps create personalized programs for each and every student. Thus huge benefits of big data provide lucrative opportunities for the growth of Big Data Analytics in Education Market during the forecast period.

Growing adoption of cloud-based learning analytics solution

The widescale adoption of cloud-based analytics solutions along with growing internet penetration is fueling the demand for big data analytics. Cloud analytics helps educational organizations to analyze large volumes of datasets for retrieving crucial information. Cloud computing also reduces the infrastructural, operational, and storage costs of various institutes. These tools offer organizations superior security and safeguard the sensitive data of firms. Moreover, the rapid proliferation of smartphones, connected devices across several educational campuses, and growing government push towards digitization are all contributing to the growth of the Big Data Analytics in Education Market during the forecast period.

Covid 19 impact

Due to covid induced lockdowns, the demand for online teaching culture has risen considerably leading to the rapid adoption of big data analytics technology by various educational institutes. Also with the growing advancement of communication technologies, the demand for big data will rise significantly in the coming years as it helps institutes to monitor students' performance, gauge their interest area and analyze students after graduating from college. Thus online learning culture and rapid advancement of big data technologies will propel the growth of Big Data Analytics in Education Market during the forecast period.

Big Data Analytics In Education Market Share Analysis

Based on components, the software segment will provide lucrative opportunities for growth in Big Data Analytics in Education Market share due to the growing usage of big data analytics software tools for better extraction, analysis, and visualization of patterns, trends, and associations within large sets of data. On the other hand, the services segment will be the fastest-growing segment due to the rising adoption of big data analytics services in the education sector.

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Big Data Analytics in Education Market Size, Share & Trends Analysis Report By Component (Software and Services), Deployment Model (On-premise and Cloud), Application (Behavior Detection, Skill Assessment, Course Recommendation, Student Attrition Rate Detection, and Others), Sector (K-12, Preschool, and Higher Education), Region And Segment Forecasts, 2021 - 2030

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