Key Players Profiled in the Market for Higher Education Technology Market include Oracle Corporation, Astera Software, VMware, Inc, ServiceNow, Inc, Unifyed, Blackbaud, Inc, Cisco Systems, Inc, Verizon, Blackboard Inc., CDW LLC.
The globalHigher Education Marketsize is expected to gain momentum by reaching USD 169.72 billion by 2028 while exhibiting a CAGR of 10.3% between 2021 to 2028. In its report titled “Higher Education Market, 2021-2028,” Fortune Business Insights mentions that the market stood at USD 77.66 billion in 2020.
In this technologically advanced world, many institutes and universities are adopting unique methods to transform teaching. They combine technology with theory and practical studies to bring out the best output from students to tackle real-world problems. Many universities seek help from tech giants by joining hands or partnering with them to promote higher studies.
For instance, in June 2021, the University of Illinois Urbana-Champaign Grainger College of Engineering announced a partnership with the IBM Corporation to strengthen the college’s workforce and research development efforts in various fields such asAI/ML, quantum information technology, and environmental sustainability. Such initiatives are expected to drive market growth.
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Top Key Players Profiled in the Market for Higher Education Technology Report:
- Oracle Corporation (California, United States)
- Astera Software (California, United States)
- VMware, Inc. (California, United States)
- ServiceNow, Inc. (California, United States)
- Unifyed (Chicago, Illinois)
- Blackbaud, Inc (South Carolina, United States)
- Cisco Systems, Inc. (California, United States)
- Verizon (New York, United States)
- Blackboard Inc. (Washington, D.C., United States)
- CDW LLC. (Lincolnshire, Illinois)
Market Segmentation:
By component, the Higher Education Market is trifurcated into hardware, solutions, and services. Based on learning mode, it is segmented into offline learning and online learning. By end-user, it is segmented into private colleges, community colleges, and state universities.Based on the end-user, the private colleges segment held a market share of 25.3% in 2020. This is attributable to the increasing number of private institutions and universities.Finally, based on region, this market is categorized into North America, South America, Europe, the Middle East and Africa, and Asia Pacific.
Drivers and Restraints
Adoption of Digitization by Educational Institute to Favor Market Growth
Education is given utmost importance today, thereby becoming a vital element for people to enroll themselves in college. The ongoing digitization across various countries is stimulating the demand for advanced teaching-learning approaches, which in turn is driving the Higher Education Market growth.
On the other hand, many countries are still facing problems in adopting advanced learning programs due to low education funds in the region. Besides the rapidly transforming educational culture, high tuition fees are the major constraints of the market.
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Competitive Landscape
Key Players to Focus on New Launches to Strengthen Their Market Positions
The Higher Education Market is consolidated by major companies striving to maintain their position by focusing on providing customized and effective solutions as the students’ requirements. Besides, the market’s major players are focusing on launching their new branches, partnerships, and collaborations with educational institutes to expand their business portfolio.
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Higher Education Market Size, Share, Growth, Demand and Forcast 2022-2028
