Key Market Profiled Players for the Higher Education Technology Market include Oracle Corporation, Astera Software, VMware, Inc., ServiceNow, Inc., Unified, 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 showing a CAGR of 10.3% between 2021 to 2028. In its report titled “Higher Education Market, 2021-2028”Fortune Business Insights noted that the market will be at USD 77.66 billion in 2020.
In this modern technological world, many institutes and universities are using unique methods to change teaching. They combine technology with theory and practical learning to produce the best output from students to deal with real-world problems. Many universities seek help from tech giants by partnering or partnering with them to advance higher education.
For example, in June 2021, the University of Illinois Urbana-Champaign Grainger College of Engineering announced a partnership with IBM Corporation to strengthen the college’s workforce and research development efforts in various fields such as AI/ML , quantum information technology, and environmental sustainability. Such initiatives are expected to drive market growth.
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Top Profiled Top Players 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)
- Unified (Chicago, Illinois)
- Blackbaud, Inc (South Carolina, United States)
- Cisco Systems, Inc. (California, United States)
- Verizon (New York, United States)
- Blackboard Inc. (Washington, DC, United States)
- CDW LLC. (Lincolnshire, Illinois)
Market Segmentation:
In part, the Higher Education Market is trifurcated in hardware, solutions, and services. Based on the learning mode, it is divided into offline learning and online learning. By end-user, it is divided into private colleges, community colleges, and state universities. 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 Detention
Adoption of Digitization by Educational Institute to Favor Market Growth
Education is given more importance now, thus becoming an important element for people to enroll themselves in college. Continued digitization in various countries is stimulating the need for advanced teaching-learning strategies, which in turn is driving the growth of the Higher Education Market.
On the other hand, many countries still face problems in adopting advanced education programs due to low education funding in the region. Aside from the rapidly changing educational culture, high tuition is the major barriers in 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 brought together by large companies that strive to maintain their position by focusing on providing customized and effective solutions as per the requirements of students. Besides, major market players are focusing on launching their new branches, partnerships, and partnerships with educational institutions 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