sibleyanna posted: " Competency-based Education Spending Market: Introduction Competency-based education spending focuses on combining transparent and intentional approaches to design a curriculum with an academic model. This helps students acquire and demonstrate their s"
Competency-based education spending focuses on combining transparent and intentional approaches to design a curriculum with an academic model. This helps students acquire and demonstrate their skills and knowledge by engaging in learning activities, exercise, and experiences that are aligned with clear outcomes.
Furthermore, competency-based education helps to identify the diverse education system, so as to study innovative funding methodologies of school finance from other countries and states across the world.
The COVID-19 outbreak has been the primary catalyst for the growth and adoption of competency-based education spending. Governments of various countries across the world have imposed lockdowns to curb the spread of the disease. This has prompted schools to provide an engaging and flexible learning environment, wherein progression and development is based on mastery of open learning competencies or objectives. Which can be used to validate student learning, in learning topic or course during this pandemic outbreak. This, in turn, is expected to boost the global competency-based education spending market.
Global Competency-based Education Spending Market: Market Dynamics
Increase in investments by prominent vendors for the development of learning management systems (LMS), student information management systems (SIMS), student information system (SIS), enterprise resources planning (ERP), change and configuration management system (CCMS), learning analytics systems, content authoring tools, (LCMS) learning content management system, and education data security tools is anticipated to propel the competency-based education spending market
Growth in implementation of adaptive learning, social learning, and personalized learning in educational organizations and institutions is also estimated to augment the global competency-based education spending market.
Rise in need of more personalized learning strategies such as competency-based education (CBE) during the COVID-19 outbreak is projected to boost the global competency-based education spending market
Increase in focus on alternative assessments such as portfolios instead of examinations in schools and institutions is also likely to fuel the competency-based education spending market
High cost of courses owing to the absence of a fixed time frame is estimated to restrain the global competency-based education spending market in the near future
North America to Account for Major Share of Global Competency-based Education Spending Market
In terms of region, the global competency-based education spending market can be divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa
North America is expected to lead the global competency-based education spending market during the forecast period, due to the presence of well-established players that offer competency-based education solutions and systems for transforming education systems in order to ensure high-quality learning for all students in the U.S. and Canada
The competency-based education spending market in Europe is anticipated to expand in the near future, led by effective planning and launch of high quality personalized competency-based education solutions and systems in the region
Asia Pacific is expected to hold significant share of the global competency-based education spending market in the near future due to expansion of funding system in education system of developing countries such as China and India. Additionally, governments of developing countries are investing significantly in improving the education sector (including competency-based learning). This is projected to fuel the competency-based education spending market in Asia Pacific.
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