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In 2018, these students contributed around US$14.9 billion to the US economy Other countries are also feeling the impact of COVID-19.

New Zealand, where Chinese students make up 45 percent of international students, can lose more than $100 million from their own travel ban.All three of these countries have experienced severe budget cuts in the higher education sector, thusmaking universities reliant on tuition paid by foreign students.

COVID-19 travel restrictions have left them financially vulnerable and incited questions on emergency preparedness and management.

Aside from paying higher tuition, international students also contribute to the local economy through spending on food, clothing, services, and other businesses in the community.

They bring social and cultural diversity to campuses, also benefiting local students in the process. 

The report "Higher Education Market by Component (Solutions and Services), Solution (Student Information Management System, Content Collaboration, Data Security and Compliance, Campus Management), Deployment Type, Vertical, and Region - Global Forecast to 2025", size is expected to grow from USD 13.7 billion in 2020 to USD 35.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.1% during the forecast period.

A growing number of higher education enrollments, increasing use of advanced technologies and collaborations between enterprises and institutions are the major drivers for the growth of the market.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=192416446Solutions segment to hold a larger market size during the forecast periodHigher education solutions are transforming colleges, universities, and research campuses worldwide, along with new and engaging services for the entire lifecycle.

The solutions included in the study are the student information management system, content collaboration, data security and compliance, campus management, and others.

They derive insights from the business data in the analytics phase, thereby helping enterprises in making business-related decisions.Managed services segment to grow at the highest CAGR during the forecast periodManaged services are delivered and managed by third-party Managed Service Providers (MSPs).

These services entail in meeting customer needs and resolving their issues.

Vendors are required to offer technical expertise, service consistency, and flexibility, regardless of their clients’ geographic location.Private colleges vertical to grow at the highest CAGR during the forecast periodA private college is an independent college having its own policies, goals, and is privately funded.

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The Benefits of Online Higher Education programs are touted since they began to become wide out there concerning quite a decade past.

These were 2 of the arguments given on why online education would be less expensive than Traditional Education.

Universities report 3 kinds of hidden prices concerned in online programs: supporting online instruction, development of online programs, and selling of online programs.

If you have got ever taken a web course that was merely a duplicate and paste of offline content, you recognize however awful that have is.

Developing and supporting online instruction includes ensuring online courses foster online communities additionally as cash in of assessments and comes applicable for Online Learning.

The for-profit players behind several colleges´ online programs square measure brought up as OPMs, or online program managers.

The global Higher Education Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.

Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the higher education market include Xerox Corporation, Smart Technologies, Inc., Panasonic Corporation, EduComp Solutions, Oracle Corporation, Dell, Inc., Three River Systems, Cisco Systems Inc., IBM, Adobe Corporation, Blackboard Inc.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Higher Education Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/higher-education-market/download-sampleMarket DynamicsDue to rapidly changing technology, business owners are looking for highly qualified skilled professionals who are holding higher education qualifications.

The other notable factors that are fuelling the global market include increased preference for higher education by the students for better career prospects and future, growing applications of advanced technologies in higher education, and increased alliances between industries and institutes.

Increasing globalization and international student mobility, and growth in government funding and initiatives are further boosting the global higher education market.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.