The North America Big Data Analytics in Education Market would witness market growth of 20.32% CAGR during the forecast period (2021-2027).
Big data analytics enables the access of learning content to learners and educators by various computing devices like personal computers, tablets, desktop computers, and smartphones, which is the main factor responsible for the rapid growth of big data analytics in this sector. It will be messy and take a lot of time to search for the physical file of required data in cabinets, but this is not the case with big data as it uses technological infrastructure to store, manage, and capture the information.
Users can take quick decisions than before due to the availability of big data in real-time. This is especially beneficial at the time of enrolments when educators are tracking numbers to be ready for the next semesters. Big data enables educators to measure the year-over-year enrolments to know the improvements among students. This data further helps institutes to take decisions to maintain enrolments.
Although technology has been at the forefront of the US development agenda, it officially got the substantial acknowledgment in President Barack Obama’s tenure. The United States Department of Education launched a national dashboard to simplify big data in the education sector. The dashboard collects public school data for the nation as a whole. It keeps a record of the nation’s research contributions and education sector projects. Along with those, public schools and states are also forming plans to utilize big data in their day to day working systems. Thus, the increasing government initiatives is estimated to fuel the growth of the regional market in the forecast years.
The USA market dominated the North America Big Data Analytics in Education Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $14,461.9 million by 2027. The Canada market is poised to grow at a CAGR of 23% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 20.9% during (2021 - 2027).
Based on Sector, the market is segmented into Higher Education, K-12 and Preschool. Based on Application, the market is segmented into Skill Assessment, Behavior Detection, Course Recommendation, Student Attrition Rate Detection and Others. Based on Component, the market is segmented into Software and Services. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Big Data Analytics in Education Market is Estimated to Reach USD 47.82 billion by 2027 at a CAGR of 20.79%
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)
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