Global Higher Education Market – Industry Trends and Forecast to 2030

Global Higher Education Market, By Component (Platform, Services), Student Served (Junior High School, Post Graduate, Corporate, Under Graduate, High School), Subjects (Business Management, Computer Science & Programming, Science, Sociology & Philosophy, Humanities, Education and Training, Healthcare & Medicine, Arts & Design, Mathematics, Foreign Language Learning, Others) - Industry Trends and Forecast to 2030.

Higher Education Market Analysis and Size

The higher education market has emerged in the last two decades and is rapidly expanding. Private and public institutions, ministries of education and government agencies, education and testing companies are all becoming more prevalent in this market. Education technology is playing an important role in allowing students and educators to interact and take advantage of upcoming learning opportunities. Within the higher education market, there is increasing competition between public and private higher education institutions to focus on international students and faculty, as well as participation of international universities and business partners for research, associations, and funds.

The higher education market was valued at USD 33.82 billion in 2022 and is expected to reach USD 40.84 billion by 2030, registering a CAGR of 11.3% during the forecast period of 2023-2030. “Platform” is expected witness high growth in the respective market owing to huge adoption among educational institutions in incorporating technological components and platforms.

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Report Scope and Market Segmentation

Market Definition

Higher education, also known as post-secondary education or tertiary education, is an optional final stage of formal learning that occurs after secondary school. It includes all postsecondary education, training, and research guidance provided by educational institutions that have been designated by state authorities as institutions of higher learning. Higher education is provided at a variety of educational institutions, including universities, academies, colleges, seminaries, and institutes of technology, as well as through specific college-level institutions, such as vocational schools, trade schools, and other career colleges that award degrees.    

Global Higher Education Market Dynamics

Drivers

• Technological advancements as well rising student enrolment

Factors such as rising student enrolment, rising internationalisation in the education sector, personalization in technology, and growing connectivity and hardware are expected to emerge as significant factors accelerating the growth of the higher education market.

• Government initiatives for digital learning

Rising use of personal computing devices and computers, as well as various government initiatives promoting digital learning, will exacerbate the growth of the higher education market during the forecast period

Opportunity

• Mentorship and personal guidance for students

The  mentorship and personal guidance delivered through online platforms have emerged as powerful tools to enhance the learning experience. These digital mentoring programs offer students an opportunity to receive tailored support and insights from experienced educators, fostering a more personalized and interactive approach to education. By harnessing the potential of online platforms, higher education institutions can bridge geographical gaps, engage students more effectively, and empower them to thrive academically and personally, even in the virtual classroom setting.

Restraint/Challenges

• Complexity associated with the adoption of server-based computing

The adoption of server-based computing in higher education institutions presents a multifaceted challenge. This technology, while promising significant benefits in terms of scalability, cost-efficiency, and accessibility, also introduces a level of complexity that must be carefully managed. Higher education institutions often have diverse user requirements, extensive data needs, and a dynamic environment, making the successful implementation of server-based computing solutions a crucial, yet intricate undertaking. This complexity stems from the need to balance the demands of modern educational methods with the technical intricacies of server-based systems, all while maintaining data security and ensuring a seamless user experience.

This higher education market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the higher education market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In July 2020, VMware will launch education services in India, the new services include VMware Cloud on AWS infrastructure training. VMware Cloud on AWS is now available in 14 regions around the world, following the addition of the AWS APAC (Mumbai) Region. The new services will assist customers in implementing the hybrid cloud platform using best practises
• In June 2020, SAP Learning Hub's student edition will be available, according to SAP. The improved version was released in collaboration with the SAP University Alliances and SAP Next-Gen programmes. SAP's improved Learning Hub will aid in the company's collaboration with universities and research institutions

Global Higher Education Market Scope

The higher education market is segmented on the basis of component, student served, and subjects. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

By Component

• Platform
• Services

Student Served

• Junior High School
• Post Graduate
• Corporate
• Under Graduate
• High School

Subjects

• Business Management
• Computer Science & Programming
• Science, Sociology & Philosophy
• Humanities, Education and Training
• Healthcare & Medicine
• Arts & Design
• Mathematics
• Foreign Language Learning
• Others

Global Higher Education Market Regional Analysis/Insights

The higher education market is analysed and market size insights and trends are provided by country, component, student served, and subjects  as referenced above.

The countries covered in the higher education market report are U.S., Canada, and Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa, Brazil, Argentina and Rest of South America.

North America is expected to dominate the higher education market during the forecast period due to significant educational technologies and government efforts to broaden the education landscape, which will contribute to substantial deployments of higher education solutions between 2023 and 2030. Asia-Pacific is expected to grow rapidly due to increased tertiary education capacity and changes in inbound and outbound student flow.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.     

Competitive Landscape and Global Higher Education Market Share Analysis

The higher education market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the higher education market.

Some of the major players operating in the higher education market are:

• Coursera (U.S.)
• edX (U.S.)
• Pluralsight (U.S.)
• Edureka (India)
• Alison (Ireland)
• Udacity (U.S.)
• Udemy (U.S.)
• Miríadax (Spain)
• Jigsaw Academy (India)
• Simplilearn (U.S.)
• iversity (Germany)
• Intellipaat (India)
• Edmodo (U.S.)
• FutureLearn (U.K.)
• LinkedIn (U.S.)
• NovoEd (U.S.)
• Open2Study (Australia)
• WizIQ (India)
• Skillshare (U.S.)
• XuetangX (China)