According to a new report Global Big Data Analytics in Education Market, published by KBV research, 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.
The Higher Education market dominated the Global Big Data Analytics in Education Market by Sector in 2020, thereby, growing at a CAGR of 20.4% during the forecast period. Big data analytics in higher education helps authorities to collect a huge number of assignments and grade cards and evaluate according to it. In addition, it helps in collecting data from all the sources within the organization to suggest students the best-suited career for them.
The Skill Assessment market dominated the Global Big Data Analytics in Education Market by Application in 2020, thereby, growing at a CAGR of 20.6% during the forecast period. Educational institutes can create the learning environment appropriately so as to improve the skill set by knowing about the students’ skills. Big data analytics help educational institutes to determine the kind of skills a student have and how they can polish their skills for career.
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. It is because of the rapid increase in software tools for big data analytics, which collects data from different sources and prepares it in order to visualize and analyze the trends, associations, and patterns in the data.
The On-premise market dominated the Global Big Data Analytics in Education Market by Deployment Mode in 2020, thereby growing at a CAGR of 20.8% during the forecast period. By using on premise big data analytics, organization can calculate risk and accordingly take steps to reduce them. This can be implemented in instalments or on immediately basis as per the needs of organization.
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. The Europe market is estimated to witness a CAGR of 19.9% during (2021 - 2027). Additionally, The Asia Pacific market would showcase a CAGR of 22.3% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/big-data-analytics-in-education-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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)
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