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Global Competency-based Education Spending Market 2017-2021

Global Competency-based Education Spending Market 2017-2021

About Competency-based Education Spending

Competency-based education is a flexible learning method for students. This technique helps them in earning credits based on the knowledge and skills that they already own. It also helps them in acquiring additional skills and knowledge at their own pace. It has gained popularity among learners owing to its affordability and flexible structure. Competency-based education focuses on what students are learning and not on the time they spend in classrooms to earn credits. This creates a self-driven, student-centric learning environment for candidates as they work at their pace to demonstrate mastery or competency essential for a chosen stream or field of study.

Technavio’s analysts forecast the global competency-based education spending market to grow at a CAGR of 18.10% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global competency-based education spending market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of competency-based education spending.

The market is divided into the following segments based on geography:

  • APAC,
  • Europe,
  • North America,
  • ROW
Technavio's report, Global Competency based Education Spending Market 2017-2021, 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.

Key vendors
  • Blackboard
  • D2L
  • Ellucian
  • Instructure
Other prominent vendors
  • Anubavam
  • BNED LoudCloud
  • Cengage Learning
  • Epiphany Learning
  • FlatWorld
  • itslearning
  • Knewton
  • Motivis Learning
  • Pearson
  • Schoology
Market driver
  • Cost-effective and affordable
  • For a full, detailed list, view our report
Market challenge
  • Substantial initial set-up costs
  • For a full, detailed list, view our report
Market trend
  • Importance of learning analytics
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Competency based Education Spending Market 2017-2021

Technavio recognizes the following companies as the key players in the global competency-based education spending market: Blackboard, D2L, Ellucian, and Instructure

Other Prominent Vendors in the market are: Anubavam, BNED LoudCloud, Cengage Learning, Epiphany Learning, FlatWorld, itslearning, Knewton, Motivis Learning, Pearson, and Schoology.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Importance of learning analytics. With a significant amount of data shared on the internet, learning analytics is being extensively implemented to gain knowledgeable insights and conduct data-driven critical decision-making. Student analytics with the help of software and solutions such as a student dashboard or a SIS offered by key market vendors, including Ellucian and D2L are anticipated to be used by faculties, administrators, and students to improve learners' competencies and increase student retention.”

According to the report, one of the major drivers for this market is Cost-effective and affordable. Over the last few years, there has been a continuous rise in demand for competency-based education owing to its affordability and cost-effectiveness. For educational institutions, it is cost effective to develop learning programs that are based on the competency-based education model. Since competency-based education models involve micro-learning, it is even more affordable for individual learners compared with traditional courses. An alternative price model includes credits for prior learning that helps in accelerating the learning process.

Further, the report states that one of the major factors hindering the growth of this market is Substantial initial set-up costs. Competency-based education cannot be conducted efficiently unless sound infrastructure and solutions or software are available for teachers, faculty members, and institutions. Schools and universities having sufficient funds can spend on setting up a learning environment for the successful implementation of the competency-based education model. These schools are collaborating with various market vendors to purchase hardware, software, systems, content, and other solutions, allowing the creation of immersive learning environment for students, teachers, administrators, and other stakeholders.

Companies Mentioned

Blackboard, D2L, Ellucian, Instructure, Anubavam, BNED LoudCloud, Cengage Learning, Epiphany Learning, FlatWorld, itslearning, Knewton, Motivis Learning, Pearson, and Schoology.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Global education technology market
      • Table Key education technology solutions impact: 2015-2022
  • Market landscape
    • Global competency-based education spending market
      • Table Global competency-based education spending market: Segmentation
      • Table Global competency-based education spending market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • Global competency-based education spending market by geography
      • Table Global competency-based education spending market by geography 2016-2021 (%)
      • Table Global competency-based education spending market by geography 2016-2021($billions)
    • Competency-based education spending market in North America
      • Table Competency-based education spending market in North America 2016-2021 ($billions)
    • Competency-based education spending market in Europe
      • Table Competency-based education spending market in Europe 2016-2021 ($ billions)
    • Competency-based education spending market in APAC
      • Table Competency-based education spending market in APAC 2016-2021 ($ billions)
    • Competency-based education spending market in ROW
      • Table Competency-based education spending market in ROW 2016-2021 ($ billions)
  • Market segmentation by product
    • Global competency-based education spending market by product
      • Table Global competency-based education spending market by product 2016-2021 (%)
      • Table Global competency-based education spending market by product 2016-2021($billion)
    • Global competency-based education spending market by hardware
      • Table Global competency-based education spending market by hardware 2016-2021 ($billions)
    • Global competency-based education spending market by systems
      • Table Global competency-based education spending market 2016-2021 ($ billions)
    • Global competency-based education spending market by solutions
      • Table Global competency-based education spending market by solutions 2016-2021 ($billions)
    • Global competency-based education spending market by content
      • Table Global competency-based education spending market by content 2016-2021 ($millions)
    • Global competency-based education spending market by others
      • Table Competency-based education spending market by others 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Importance of learning analytics
    • Growing need for experiential learning
    • Evolving learning methodologies
    • Emergence of innovative education solutions
  • Vendor landscape
    • Competitive scenario
    • Competitive benchmarking
      • Table Vendor analysis
    • Growth strategy
      • Table Key vendors: Strategic initiatives overview
  • Key vendor analysis
    • Blackboard
    • D2L
    • Ellucian
    • Instructure
  • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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