Pune, India, Feb. 08, 2022 (GLOBE NEWSWIRE) – The global Higher Education Market the size 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.
What does Give the Higher Education Industry Report?
The Higher Education Market report for higher education technology provides a detailed analysis of several factors, such as key drivers and barriers that affect growth. In addition, the report provides regional analysis insights covering different regions, contributing to market growth. This includes the competitive landscape involving leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborations to contribute to market growth.
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Scope and segmentation of the Higher Education Market Share Report:
|Forecast Period||2021 to 2028|
|Forecast Period 2021 to 2028 CAGR||10.3%|
|2028 Value Projection||USD 169.72 Billion|
|Market size in 2020||USD 77.66 Billion|
|Historical Data for||2017 to 2019|
|Number of Pages||140|
|Segments covered||Part; Learning Model; End User; and Geography|
|Growth Drivers||Adoption of Digitization by Educational Institute to Favor Market Growth|
|North America Will Remain Dominant Supported by the Existence of Large Ivy League Colleges|
Pitfalls and Challenges
|Insufficient State Funding and Higher Tuition Fees to Limit Enrollments|
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)
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By the way, 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.
- Based on end-users, the private college segment will hold a market share of 25.3% in 2020. This is due to the increasing number of private institutions and universities.
Finally, based on region, this market is categorized into North America, South America, Europe, Middle East & Africa, and Asia Pacific.
North America Will Remain Dominant Supported by the Existence of Large Ivy League Colleges
North America will hold the largest share of the Higher Education Market in 2020 and is expected to stay ahead during the forecast period. This is due to the presence of leading institutions and colleges in the world, such as Ivy League colleges in the US Moreover, the government has invested heavily in education infrastructure in the region.
The Higher Education Market in Europe is expected to gain traction supported by the increasing number of educational institutions that will drive the demand for advanced technology in higher education in the coming years.
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Drivers and Detention
Adoption of Digitization by Educational Institute to Favor Market Growth
Education is given utmost importance today, thus becoming an essential 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.
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.
- July 2020 – Announced by Blackboard Inc. the launch of Blackboard Retention Coaching. It is a data-driven, scalable, and proactive student retention solution that will allow institutes to facilitate personalized coaching and early student intervention.
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Table of contents:
- Meaning, By Segment
- Research Methods/Approach
- Data Sources
- Major Takeaways
- Market Dynamics
- Macro and Micro Economic Indicator
- Drivers, Prevention, Opportunities and Trends
- Effect of COVID-19
- Short -Term Effects
- Long Term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Integrated SWOT Analysis of Key Players
- Insights and Market Share Analysis of Global Higher Education Technology Key Players, 2020
- Key Market Insights and Strategic Recommendations
- Profiled Companies (Coverage for top 10 players only)
- Key Management
- Headquarters etc.
- Business Offers/Segments
- Key Details (Subject to public domain data availability and/or paid databases)
- Employee Size
- Basic Finance
- Past and Current Income
- Geographical Part
- Part of the Business Segment
- Recent Developments
TOC resumed …!
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