What is Academic Software Market?
Academic software is designed for an educational purpose that spans various areas from language learning to class management to reference books, etc. On this platform, educational institutions or students can download a huge collection of approved software for a fixed monthly or annual fee. It makes the learning process a lot quicker and easier to help them find their questions and needs. Modern applications such as assessment software for assessing and improving their students can also be used by teachers and professors. In addition, online academic software offers teachers a chance to better unite with students and immerse students in the class, which also encourages a creative learning atmosphere. It makes the learning process much faster and easier for them and helps them easily find what they need. Teachers can also use modern applications like assessment software to see how good their students are and what areas they may need to improve.
The market study is being classified by Type (Cloud-Based and On-Premises), by Application (Colleges and Universities, Educational Services, Special Education and Other) and major geographies with country level break-up.
Qualtrics (United States), SurveyMonkey Apply (Canada), Award Force (Australia), OnBoard (United States), WizeHive (United States), Alma (United States), ConexEd (Campus Calibrate) (United States), Envisio (Canada), Intellimas (United States), STARS Campus Student Management Systems (United States), TrueDialog Inc. (United States), PowerVista Software Inc. (United States), FULL FABRIC (United Kingdom), Top Hat (Canada), Campus Café (United States), Canvas LMS (United States), Edvance360 (United States), Blackboard Inc. (United States), D2L (Brightspace) (Canada) and Thinkific (Canada) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Poll Everywhere (United States), Populi, Inc. (United States) and Hyland Software (OnBase) (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Academic Software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Academic Software market by Type, Application and Region.
On the basis of geography, the market of Academic Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- The Growing Adoption of E-Learning
- The Rising Internet Usage across the World
- The Increased Availability of Skill Development Courses for Professionals Online
Market Trend
- Education and Learning Analytics Software Enables Educational Institutes to Access and Integrate the Data across Multiple Systems
Restraints
- Technical Issues Associated with the Academic Software
Opportunities
- The Higher Adoption of Education and Learning Analytics Software Solutions
- Increased Technological Investment among Education Institutes
- The Growing Need for Data-Driven Decisions to Improve the Quality of Education
Challenges
- Privacy and Security Issues
- The Presence of a Large Number of Vendors
Key Target Audience
Providers of Push Notifications Software, End-Users, Potential Investors, Market Research Firms and Others