Global Higher Education Market to be Driven by the Expanding Number of Students Enrolled in College in the Forecast Period of 2023-2028
The new report by Expert Market Research titled, ‘Global Higher Education Market Size, Share, Analysis, Trends, Report and Forecast 2023-2028’, gives an in-depth analysis of the global higher education market, assessing the market based on its segments like components, deployment type, verticals, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Higher Education Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 19.6%
One of the most important factors driving higher education tool and service adoption across regions is the expanding number of students enrolled in college. Higher education vendors are likely to benefit from various factors, such as rising international student mobility and increased government initiatives and support.
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The growth of the market is also driven by a combination of demographic and economic growth, bilateral trade patterns, and shifts in inbound and outbound student flow, growing global competition, and rapid expansion of tertiary education capacity. The personalisation in the technology and growing connectivity and hardware are expected to emerge as significant factors accelerating the growth of higher education market.
Higher Education Industry Definition and Major Segments
Higher education refers to any of the numerous types of education delivered in postsecondary institutions of learning, with the goal of conferring a defined degree, diploma, or certificate of higher studies at the conclusion of a course of study. Universities, colleges, and various professional schools provide education in fields such as law, religion, medicine, business, music, and art.
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By component, the market is segmented into:
o Student Information Management System
o Content Collaboration
o Data Security and Compliance
o Campus Management
o Managed Services
o Professional Services
By type, the market is classified into:
By vertical, the market is divided into:
• State Universities
• Community Colleges
• Private Colleges
On the basis of region, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Higher Education Market Trends
Globalisation and the internet have created new options for individuals to expand their skill sets by attending top-tier colleges all over the world. Individuals are choosing these courses because they are in step with technical improvements occurring all across the world. This is predicted to be one of the primary drivers driving higher education industry adoption.
Increased student and faculty acceptance of Bring Your Own Device (BYOD), as well as a greater focus on improving student acquisition and retention rates, are likely to stimulate the adoption of higher education solutions. In addition to this, increasing usage of personal computing devices and computers will further aggravate the growth of the higher education market in the above-mentioned forecast period.
Key Market Players
The major players in the market are Oracle, SAP, Dell Technologies, VMware, Xerox, ServiceNow, Unifyed, Ellucian, and Hyland Software, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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