Global Adaptive Learning Market Size to grow by US$ 9.26 Bn in 2030.
The Global Adaptive Learning Market is projected to grow from USD 3.04 billion in 2021 to USD 9.26 billion by 2030 at a CAGR of 22.77% during the forecast period.
To give online students a personalized and distinctive learning experience with the ultimate goal of enhancing their performance, adaptive learning is a system-based technique. It is a collection of strategies that improves students' understanding, involvement, and engagement in various academic programs.
Demand for advanced and creative eLearning software & solutions as well as government initiatives for adaptive learning solutions are significant factors propelling the growth of the adaptive learning market. An adaptive learning tool makes use of cutting-edge technologies such as virtual reality (VR), artificial intelligence (AI), augmented reality (AR), and others, to improve the software's capabilities and make it easier for students to understand, hence sparking their interest in learning.
Global travel bans, a state of lockdown, and a halt in various companies supply chains have all been caused by COVID-19's effects on numerous industries. Due to the unpredictability of the positioning of technical gadgets, the ICT sector has also been severely impacted by the ongoing exceptional event. Through the provision of remote social-emotional learning solutions and services, technology organizations and companies have stepped forward to assist educators in providing resources for SEL and wellbeing to students, teachers, and families during the pandemic. Students, schools, and Ed-Tech platforms are all losing out on learning as a result of the COVID-19 pandemic, which has forced the closure of many schools. The need for an adaptive learning management system has grown as a result. Additionally, prominent competitors are developing learning software with improved capabilities in response to the increased investments in adaptive learning, which is projected to boost demand for these products.
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An online education system called adaptive learning uses cutting-edge technology tools to monitor student performance in real-time and then alters teaching strategies based on the information gathered. Based on how students respond to the software's questions, various algorithms in adaptive learning software can be used to analyze each student's unique needs and abilities.
The web-based software platform provides class-related information and directs students' learning. Algorithms are used to analyze student performance, and the results of these analyses are used to guide students' behavior. Due to important advantages over traditional learning methods, such as personalized learning, student engagement, better learning, and exposure to various educational programs, adaptive learning is increasing popularity and promoting growth in the worldwide adaptive learning market. Students can enjoy educational opportunities through adaptive learning through e-books, audio or video lessons, learning through mobile applications with instructional content, quizzes, assessments, etc.
Compared to traditional learning methods, adaptive education is frequently more dynamic and engaging. It uses gaming as a strategy to make learning fun for users. In the traditional classroom, where there is little engagement and creativity involved in day-to-day activities, elementary pupils in particular frequently do not respond well. It has been demonstrated that using goal-oriented computer modules and challenge-based games increases student engagement and enables them to use the same technology they could use outside of school for learning. Teachers have the option to think about utilizing unconventional, alternative teaching techniques in the classroom thanks to adaptive learning.
The Asia Pacific region is expected to witness the highest CAGR during the forecast period of the adaptive learning market due to the region's adoption of adoptive Learning solutions being fueled by government measures to advance the digital infrastructure. The region also has the highest percentage of students, and as technology advances, there is an increase in demand for distance learning and e-Learning. This forces the industry to adapt to the diverse educational needs of the APAC region's many nations, including Japan, China, and India.
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KEY INDUSTRY DEVELOPMENTS:
February 2020- A contract was inked by McGraw-Hill and Proctorio, a company that offers a learning integrity platform. For exams on its McGraw-Hill Connect Digital Learning Platform, McGraw-Hill will make use of Proctorio's remote proctoring and browser lockout features. These services will begin in the fall of 2020 and will first be for college courses.
January 2020- Smart Sparrow, a provider of adaptive learning platforms, was purchased by Pearson. For about $25 million, Pearson purchased Smart Sparrow to improve its position in the market for adaptive learning. Additionally, the expansion of Pearson's Global Learning Program will be accelerated by this acquisition (GLP).
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