Higher Education Market to Record an Impressive Growth By 2024

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Global Higher Education Market: Overview

Technology in the education field is playing a vital role enabling educators and students to interact and benefit from impending learning opportunities. Various new trends are giving a hope for institutions so as to communicate education in a more effective and interactive way. Higher educational institutions are extra cognizant regarding the latest developments in the global market, through building competent strategies for long-term relations and determining a higher level in global student market. Universities around the globe are taking additional efforts to incorporate unique activities and strategies by promoting their programmers to a wide audience and also by providing services to foreign students.

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Global Higher Education Market: Growth Factors

Growing hardware and connectivity, the privacy of numerous cloud-based resources, promising collaborative and online learning, and encompassment of the technology are some of the key factors driving the global higher education market growth. Conversely, complexity in the adoption of server-based computing, increased cost, and reduced government funding is few challenges faced by the global market. In the present day, owing to budgetary constraints, higher educational institutions do not spend more on technology. Rising competition among numerous institutions in future will result in the high use of cloud-based resources. Therefore, strategic alliances & partnerships and niche developments in technology may provide opportunities for the global market.

Global Higher Education Market: Segmentation

The global higher education market is segmented based on software, hardware, users, services, and geography. The hardware segment comprises devices that are used in the higher education market such as PCs, tablets, interactive white boards, printers, projectors, and so on. Software segment includes campus technology, data security and compliance, content and collaboration, performance management, and so on. The services segment comprises training and support, implementation, and consulting & advisory. The user’s segment of the global higher education market has state universities, private colleges, and community colleges. Geographically, the global market is segmented as Europe, North America, Asia-Pacific, and Rest of World.

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Global Higher Education Market: Regional Analysis

North America is anticipated to witness the peak higher education adoption rate. Regions such as the Middle East & Africa along with Latin America may offer many opportunities to the vendors. A majority of the countries including Saudi Arabia and the United Arab Emirates may broadly adopt these solutions in the coming future.

Global Higher Education Market: Competitive Players

Some of the major players in the global higher education market are Xerox Corporation, Smart Technologies, Inc., Panasonic Corporation, EduComp Solutions, Oracle Corporation, Dell, Inc., Three River Systems, Cisco Systems Inc., IBM, Adobe Corporation, and Blackboard Inc. The global higher education market is aggressive due to major mergers and acquisitions such as Cisco Systems with Metacloud, Verizon with AOL, Inc., IBM Corporation with StoredIQ, and Blackboard with Schoolwires. Moreover, different solution providers including IBM Corporation and Ellucian are developing novel techniques of advanced learning along with management features in their solution offerings.

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