The Global Big Data Analytics in Education Market size is expected to reach $47.82 billion by 2027, rising at a market growth of 20.79% CAGR during the forecast period.
Big data analytics has made it possible to achieve academic goals as well as improve the learning skills of the students. The performance of students should not be limited only to conventional exams and tests. With the help of big data analytics, the data of every student can be easily tracked and analyzed to know about their weaknesses, strengths, and answer times for different subjects, and questions they are unable to answer. Mentors and teachers can create an environment that enables the students to improve their skills by getting the information and giving feedback, instruction, and extra support to those students who need it.
In the education sector, online courses, learning and teaching activities produce a large amount of data. By having appropriate data, teachers can know about the academic performance of students and provide instant feedback and draw out learning patterns.
This pandemic has affected almost all industries, but big data analytics is expected to have a positive impact because of the adoption of digital mode and increased investment in big data analytics by the education sector. This is because of the various restrictions imposed by the governments across various nations, such as lockdown, social distancing norms, closure of all educational institutions, which resulted in the adoption of an online mode of teaching by various educational bodies and learners.
Through the adoption of advanced technologies in education, both educators and students get connected with each other in order to get knowledge and skill. Teachers are using innovative methods to teach their students through audio and visuals. However, it is estimated that this market would continue to grow even after the pandemic.
Big data can be used for predicting the number of students who may dropout in future from the courses they are pursuing. By using big data analytics, educational institutions can evaluate the way a student performs during the whole year and then predict whether they would drop or not. Moreover, by conducting such analysis educational institutions can also predict the number of students interested in a particular course before introducing it.
Use of big data analytics in education provide learner with the access to more information which enables them to gain more knowledge and skills. Additionally, the availability of appropriate data also let the teachers improve the reading material they provide in terms of quality and thus helps the learners to overcome the issues they are facing during the learning process. Moreover, big data analytics help students to enhance their learning by getting advantage of customized modules as per their requirements. These customized modules would further help the learners to be more attentive to the particular portion they are required to learn more and result in more productivity.
Training teachers and educators for operating big data analytics is one of the major challenges faced by the educational institutions since teachers were well versed with the conventional way of teaching, it is difficult for them to adapt according to these advanced technologies. Although big data analytics offers multiple benefits and advantages over conventional methods of teaching, some educators might not be comfortable with changing their pedagogy style. Their reluctance to learn may come from a strong belief in their self-developed techniques and strategies.
Based on Sector, the market is segmented into Higher Education, K-12 and Preschool. The K-12 segment is projected to register a promising growth rate over the forecast period. K-12 schools are kindergarten schools that collect a huge amount of data using a predictive model.
Based on Application, the market is segmented into Skill Assessment, Behavior Detection, Course Recommendation, Student Attrition Rate Detection and Others. Student Attrition means the number of dropouts before completion of particular programme. Many educational bodies use big data analytics to get an estimation of the students’ attrition risk as to reduce the risk of dropout from courses.
Based on Component, the market is segmented into Software and Services. The service segment is expected to display the highest growth rate during the forecast period. It is owing to the continuous increase in the adoption of big data analytics services in the education sector. These services ensure the effectiveness of big data analytics software and platforms among educational institutions.
Based on Deployment Mode, the market is segmented into On-premise and Cloud. Cloud-based data analytics does not include maintenance and capital costs, it is more accessible to middle-sized educational institutions. These cloud-based big data analytics can be used via various device and from any location.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 12.2 Billion |
| Market size forecast in 2027 | USD 47.82 billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 20.79% from 2021 to 2027 |
| Number of Pages | 250 |
| Number of Tables | 440 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Sector, Application, Component, Deployment Mode, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America emerged as the leading region in the big data analytics in the education market. This is because of the high adoption of digital technologies like big data analytics and artificial intelligence among the educational institutions.
Free Valuable Insights: Global Big Data Analytics in Education Market size to reach USD 47.82 billion by 2027
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, Microsoft Corporation, Verisk Analytics, Inc., SAP SE, Salesforce.com, Inc., Alteryx, Inc., SAS Institute, Inc., Blackboard, Inc. (Providence Equity Partners), and Tibco Software, Inc. (Vista Equity Partners).
By Sector
By Application
By Component
By Deployment Mode
By Geography
The global big data analytics in education market size is expected to reach $47.82 billion by 2027.
Reduce the risk of student attrition are driving the market in coming years, however, Obstacles in training teachers and educators limited the growth of the market.
IBM Corporation, Oracle Corporation, Microsoft Corporation, Verisk Analytics, Inc., SAP SE, Salesforce.com, Inc., Alteryx, Inc., SAS Institute, Inc., Blackboard, Inc. (Providence Equity Partners), and Tibco Software, Inc. (Vista Equity Partners).
The expected CAGR of the big data analytics in education market is 20.79% from 2021 to 2027.
The Software market dominated the Global Big Data Analytics in Education Market by Component in 2020, thereby, growing at a CAGR of 20.7% during the forecast period.
The North America market dominated the Global Big Data Analytics in Education Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $18.69 billion by 2027.
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