The Global LMS Analytics Market size poised to grow at a compound annual growth rate of 21.61% during the forecast from 2022 to 2030.
Learning analytics (LA) is a rapidly expanding industry in educational institutions across the globe, particularly for higher education and MOOC providers. This growth is primarily due to the need to increase student success rates, course material effectiveness, retention rates, and learning experiences. Learning analytics monitors students' digital footprints, changing how they view the learning process and enabling data-driven choices to maximise student performance. Technology has kept being one of the key forces behind changes in education; therefore it has continued to develop.
Market Dynamics
Drivers:
Learning analytics can be used by the learner and the faculty for a specific goal, such as detecting success and failure patterns and course progress, which can help in building a creative curriculum and, as a result, help the institutions and course providers improve student retention. The government, institutions, instructors, students, and platform providers are just a few of the stakeholders in learning analytics.
Due to the enormous data set of diverse information creates a greater demand for learning analytics (big data). To provide real-time insight for a decision support system based on data employing mathematics, statistics, predictive modelling, and other streams, the expanding data needs to be clustered (for comparable qualities).
Opportunity:
The umbrella system includes learning analytics. Learning management systems (LMS) aid in course analysis, student retention, success and failure patterns modeling, and increasing learner effectiveness. Learning analytics employs the already-existing resources for creating data utilised for various analytical methodologies, therefore it does so without increasing the cost. The need for learning analytics has increased as a result. It acts as the foundation and platform for the latter stage of analytics implementation, which is known as academic analytics.
Key players:
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Cornerstone
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Blackboard Inc.
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D2L Corporation
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PowerSchool
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Instructure, Inc.
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Adobe
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Oracle
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SAP
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Moodle
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McGraw Hill
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Xerox Corporation
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And Others
Market Segmentation:
LMS Analytics Market, By Component Outlook
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Solution
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Services
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LMS Analytics Market, By Deployment Outlook
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Cloud
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On-premises
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LMS Analytics Market, Enterprise Size Outlook
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Small & Medium Enterprise
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Large Enterprises
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LMS Analytics Market, Delivery Mode Outlook
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Distance Learning
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Instructor-led Training
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Blended Learning
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LMS Analytics Market, End-user Outlook
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Academic
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K-12
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Higher Education
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Corporate
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Healthcare
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Banking, Financial Services, And Insurance (BFSI)
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IT And Telecommunication
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Retail
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Manufacturing
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Government & Defense
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Others
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LMS Analytics Market, Regional Outlook
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North America
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U.S.
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Canada
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Mexico
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Europe
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U.K.
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Germany
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France
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Asia Pacific
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China
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Japan
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India
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South America
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Brazil
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Middle East & Africa (MEA)
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Regional Analysis:
The industry is anticipated to be dominated by North America in the next years. The US government has significantly influenced the acceptance of eLearning goods. As of the most recent data, the US government has spent more than USD 2.59 billion on self-paced e-learning items for its employees and administrators.
Additionally, the United States dominates the predictive and prescriptive analytics industry in North America due to its early and extensive adoption of advanced analytics across the bulk of its businesses. In the education sector, 46% of the organisations are planning to invest in big data and analytics, according to the Digital Change Survey conducted by IFS in 2019 to evaluate the maturity of digital transformation.
Scope of the Report:
Report Coverage |
Details |
Base year |
2021 |
Forecast period |
2030 |
Growth momentum & CAGR |
Accelerate at a CAGR of 21.61% |
YoY growth (%) |
XX% |
Regional analysis |
North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa |
User
Tab Content
Introduction
Our market research is an extensive, iterative process that takes into account a combination of primary and secondary research tools with the aim of minimizing deviation and producing the most precise estimate and prediction. For the future course of action, this approach meticulously outlines the actual changes and industry trends. It gives incredibly valuable data that is drawn from the insights and opinions of analysts and professionals. Our papers include in-depth research and analysis based on several factual inputs obtained from expert interviews, accurate data, and local information.
Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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