Facts and Factors Market Research has published a new report titled “Curriculum and Data Management Market By Offerings (Curriculum Management & Delivery Solutions and Communication & Engagement Solutions) and By Application (Higher Education, Corporate, K12, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”.
According to the report, the global curriculum and data management market was valued approximately USD 3,032 million in 2018 and is expected to reach a value of around USD 8,939 million by 2027, at a CAGR of around 12.8% between 2019 and 2027.
Curriculum management includes many of the administrative methods involved in maintaining accurate and updated information pertaining to curricular offerings. More precisely, curriculum management is a structured set of events that are devised for evaluation & adjustment of the curriculum. In order to make information easily accessible and useful, protected firms make use of database management systems. These systems help in proficiently handling data and permit users to perform many tasks on the data with ease.
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Burgeoning online education popularity to spur the market surge
The market is likely to gain traction over the forecast period with online education becoming a proficient learning tool for many categories of learners including housewives, office goers, and people residing in remote places. Apart from this, an online education tool is a flexible and user-friendly method of learning. Moreover, the management of curricula of the online education courses with the help of a data management system helps in simplifying the understanding of the course content along with other curriculum activities.
Today, there is an escalating consciousness among the youth about online education. Furthermore, the escalating popularity of online textbooks is anticipated to steer the expansion of the curriculum and data management industry over the estimated timeline. However, the high costs of database management systems & lack of IT infrastructure facilities will inhibit the growth of the curriculum and data management industry over the forecast timeline.
Curriculum management & delivery solutions to dominate the offerings segment
The curriculum management & delivery solutions segment is anticipated to contribute noticeably towards the overall market revenue share during the period 2019 to 2027. Curriculum designing tools & educational ERP, as well as disruptive systems and hardware support tools, are expected to succor the use of software in curriculum management and delivery solutions. Furthermore, the communication & engagement solutions segment is predicted to record the highest CAGR of nearly 13.4 % during the forecast period.
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Higher education segment to contribute majorly towards the overall market growth
The higher education segment contributed nearly 52% of the overall market share in 2017; it is projected to dominate the overall curriculum and data management industry growth in terms of revenue. The segment is also expected to record the highest CAGR over the forecast timeline. The growth of the segment can be credited to the massive use of curriculum and data management tools in higher education. Apart from this, the rise in the quality of higher education is forcing educational institutes for using new & adaptive technologies to reach students across the globe. This will further drive the growth of the segment.
North America to dominate the regional market in terms of value
North American region, which contributed nearly 45% of the overall market share in 2017, is likely to contribute majorly towards the market earnings over the forecast timeline. The regional market growth can be attributed to high penetration of e-learning concepts across schools & colleges resulting in demand for online courses & new learning prototypes in countries like the U.S. This, in turn, will embellish the expansion of the regional market over the forecast timeline.
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Some of the major participants in the curriculum and data management market include Eduware, Akari Software, Blackboard, D2L, Kuali Foundation, SunGard, Skyward, Pearson Education, Now Training Ltd., GP Strategies Corporation, Creatrix Campus, and Factor5 Software Pvt. Ltd.
This report segments the curriculum and data management market as follows:
Global Curriculum and Data Management Market: By Offerings Segment Analysis
- Curriculum Management & Delivery Solutions
- Communication & Engagement Solutions
Global Curriculum and Data Management Market: By Application Segment Analysis
- Higher Education
Global Curriculum and Data Management Market: Regional Segment Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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