The curriculum and data management market in the US to grow at a CAGR of 13.03% during the period 2016-2020.
Curriculum and Data Management Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A trend which is playing a major role in market growth is cloud computing. The curriculum and data management market in the US is expected to observe an increase in the use of cloud-based software. The cost benefits associated with this use are one of the reasons contributing to this trend. While using the cloud, users do not need to install the software on their servers. This substantially reduces costs incurred by educational institutions. This is beneficial to small institutions as they do not have the required expertise and skilled staff to manage software installation. Along with that, users can avail themselves of hassle-free system upgrades and maintenance.
According to the report, a key growth driver is the use of assessment and reporting to improvise learning. In addition to the core competency of offering ability to create, manage, analyze, and update lessons, the curriculum and data management software is also capable of analyzing the upgrades required in the curriculum offered at an institute. This is due to the assessment solutions present within the software that seamlessly offers intuitive reporting and analysis and a holistic view of the offered curriculum. For instance, the 4iQ Solutions platform enables education institutes to transform the traditional classroom experience into a student-centric medium of learning.
Further, the report states that one challenge that could derail market growth is the lack of common procedures to deal with absenteeism.
To calculate the market size, it considers the revenue generated by vendors through the following end-user segments: