Increase in need for data-driven decisions to improve education quality, rise in awareness about the changing learning system, and surge in investment among education institutions drive the growth of the Asia Big Data Analytics in Education Market. On the other hand, lack of awareness and skilled resources to manage education analytics solution restrain the growth to some extent. However, advent of machine learning and artificial intelligence and rise in adoption of cloud-based learning analytics solution are expected to create lucrative opportunities in the industry.
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The Asia big data analytics in education market is analyzed across component, deployment mode, application, and country. Based on component, the solution segment accounted for more than two-thirds of the total market share in 2020, and is expected to lead the trail by the end of 2030. The services segment, on the other hand, would grow at the fastest CAGR of 23.0% during the forecast period.
Based on deployment mode, the on premise segment contributed to more than three-fifths of the total market revenue in 2020, and is anticipated to rule the roost by 2030. The cloud segment, on the other hand, would also cite the fastest CAGR of 21.1% during the forecast period.
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The on-premise segment is expected to garner a significant share during the forecast period. This is attributed to the fact that on-premise big data analytics software can be used to gather, display, and organize important business data using company’s own IT infrastructure, which allows them to keep the data secure.
However, the cloud segment is expected to grow at the highest rate during the forecast period, owing to surge in adoption of cloud-based analytics solutions among the education sector for analyzing real-time data. Moreover, cloud-based analytics solutions among exhibit improved ability to focus on innovation and differentiation, which propel their demand across Asia-Pacific, thus contributing toward the market growth.
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Based on country, the market across China held the major share in 2020, garnering more than one-third of the total. Simultaneously, the market across India would showcase the fastest CAGR of 27.4% from 2021 to 2030.
The leading market players analyzed in the Asia big data analytics in education market report include Blackboard, Inc., D2L Corporation, TIBCO Software, IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute, Alteryx, Inc., and Tableau Software. These market players have incorporated different strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
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Impact of COVID-19 on Market-
- Rise in adoption of online classes in the region and increase in incorporation of analytics solutions among the educational institutions have boosted the Asia big data analytics in education market positively.
- This trend is most likely to continue post pandemic as well.
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