The Higher Education Learning Systems Market is expected to grow at a CAGR of 14.7% over the forecast period 2020 to 2025. The growing trend of digital learning, extensive government initiatives for the growth of Higher Education Learning Systems, Bring Your Own Device (BYOD) policy, and growing usage of Artificial Intelligence (AI) and Machine Learning (ML) are encouraging the growth of the market.
– When distinct innovative tools or practices are launched in the digital technology marketplace, eLearning encourages learners to adopt new changes rapidly and efficiently. Over the years, higher education learning systems are gaining wider acceptance. Technical innovations in the Learning Systems market help redefine the higher education learning process.
– The increasing acceptance of digital learning across companies is anticipated to have boosted the growth of Higher Education Learning Systems solutions. According to a survey by the Learning House, Inc., in 2019, 52% of graduate students reported that they found their online college-level education to be better than their experiences in college-level classroom learning. The change in the learning experience, as a result, is fuelling the growth of the market.
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Key Market Trends
Learning Systems Software Segment to Drive the Market
– Flexible learning software enables one to extend online learning, increase employee engagement, and optimize learning outcomes. The software creates and preserve institutional knowledge, retain top employees, and drive business results with a better, more engaging learning environment. These software make it even easier to manage content, personalize courses, foster collaboration, and connect with learners.
– According to the Stack Overflow & Amazon survey as of early 2020, 46.2% of the respondents had bachelor degrees and 22.8% had attained a Master’s degree in some form. Moreover, in 2025 worldwide spending on EdTech (educational technology) is expected to increase dramatically in several key segments.
North America to Dominate the Market
– North America has is a ready market when it comes to technology. The development in the practice of eLearning tools and technological progress in learning methodologies have heightened the overall higher education learning systems market for the North American region. The enhanced adoption of handheld devices, such as mobile phones and tablets, is also encouraging the learning systems adoption trend in North America.
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