Big Data Analytics in Education Market

The increase demand for cloud-based big data technology among education institutions is accelerating the growth of the market.

PORTLAND, PORTLAND, OR, UNITED STATE, April 13, 2023 /einpresswire.com / -- According to the report published by Allied Market Research, the global big data analytics in education market generated $13.58 billion in 2020, and is projected to reach $57.14 billion by 2030, witnessing a CAGR of 15.3% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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Lucrative benefits of Big Data in the education sector, increase in awareness about the changing learning system, and rise in investment in the education sector to improve administrative services drive the growth of global big data analytics in the education market.

However, high initial investment cost restrains the market to some extent. On the other hand, the surge in the adoption of cloud-based learning analytics solutions and the advent of machine learning & artificial intelligence present new opportunities in the upcoming years.

The report offers detailed segmentation of the global big data analytics in education market based on component, deployment model, application, and region.

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Based on the deployment model, the on-premise segment held the largest market share in 2020, holding more than two-third of the total market share, and is expected to continue its leadership status during the forecast period. However, the cloud segment is projected to register the highest CAGR of 19.9% from 2021 to 2030.

Based on components, the software segment held the highest market share in 2020, holding more than two-third of the total market share, and is expected to continue its leadership status during the forecast period. However, the services segment is estimated to register the highest CAGR of 17.9% from 2021 to 2030.

Based on region, North America contributed to the highest share in terms of revenue in 2020, holding more than half of the total market share, and is estimated to continue its dominant share by 2030. Moreover, Asia-Pacific is projected to manifest the fastest CAGR of 19.4% during the forecast period.

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Leading players of the global big data analytics in the education industry analyzed in the research include Alteryx, Inc., Blackboard Inc., Fintellix Solutions pvt. Ltd., LatentView Analytics, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Tableau Software, TIBCO Software Inc.

COVID-19 scenario:

.The outbreak of the COVID-19 pandemic led to significant growth of global big data analytics in the education market.

.Due to the implementation of lockdowns by governments in the majority of countries, there has been a huge rise in the adoption of online teaching culture among students & teachers. This in turn, positively impacted the global big data analytics in the education market.

.Moreover, analyzing students' performance, identifying the core area of students, and monitoring students after graduating from college are few important benefits of big data and business analytics in education, which foster market growth.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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