Higher Education Market 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.
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Key Players
The major players in the higher education market are Oracle (US), SAP (Germany), Dell Technologies (US), VMware (US), Xerox (US), ServiceNow (US), Unifyed (US), Ellucian (US), Hyland Software (US), Blackbaud (US), Cisco (US), Verizon (US), Blackboard (US), Civitas Learning (US), Remind (US), Instructure (US) and Anthology (US). The study includes an in-depth competitive analysis of key players in the higher education market with their company profiles, recent developments, COVID-19 developments, and key market strategies.
The players in this market have embraced different strategies to expand their global presence and increase their market shares. New product launches and enhancements; and partnerships, contracts, and collaborations, have been the most dominating strategies adopted by the major players from 2018 to 2020, which helped them strengthen their offerings and broaden their customer base.
SAP (Germany) is among the leaders in the higher education market with a prominent geographic presence. The company has alliances with many leading companies and has adopted various organic and inorganic growth strategies to maintain a strong foothold in the industry. For instance, in June 2020, SAP announced the availability of the student edition of SAP Learning Hub. The enhanced version was launched in partnership with the SAP University Alliances and the SAP Next-Gen programs. The enhanced SAP Learning Hub will help SAP in strengthening its collaboration with universities and research organizations.
Solutions segment to hold a larger market size during the forecast period
Higher 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. Higher education solutions are incorporated into business applications to enhance their capabilities. 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 period
Managed services are delivered and managed by third-party Managed Service Providers (MSPs). These services entail in meeting customer needs and resolving their issues. They are focused on enhancing the service quality and end-user experience, along with gaining cost optimization and quality of service. 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 period
A private college is an independent college having its own policies, goals, and is privately funded. These colleges are usually smaller in size than government colleges and universities and have lesser student admission. But private colleges are expected to adopt higher education solutions and services at a higher rate during the forecast period.
North America to account for the highest market share during the forecast period
Higher spending on education in the North American region is one of the major drivers for the higher education market. According to data published by the Organization for Economic Cooperation and Development (OECD), the US spends an average of USD 16,268 per year to educate a pupil from primary through tertiary education. Most of the higher education vendors have a direct or indirect presence in this region via system integrators, distributors, and resellers. Higher education institutes are adopting higher education solutions and services to make better strategic decisions and improve recruitment, student outcomes, and institutional efficiency.
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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.
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.
