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 2029
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. Educational institutions are becoming more open to incorporating technological components. 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.
Data Bridge Market Research analyses that the higher education market was valued at USD 30.93 billion in 2021 and is expected to reach the value of USD 36.7 billion by 2029, at a CAGR of 11.36% during the forecast period. The demand for scalable open education includes assets, tools, and practises that use an open sharing system to improve education and viability in countries.
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.
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Million, Volumes in Units, Pricing in USD
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)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Market Players Covered
Coursera (US). edX (US), Pluralsight (US), Edureka (India), Alison (Ireland), Udacity (US), Udemy (US), Miríadax (Spain), Jigsaw Academy (India), Simplilearn (US), iversity (Germany), Intellipaat (India), Edmodo (US), FutureLearn (UK), LinkedIn (US), NovoEd (US), Open2Study (Australia), WizIQ (India), Skillshare (US), XuetangX (China)
Higher Education Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- 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
The mentorship and personal guidance for students enrolled in higher education via online platforms is acting as an oppurtunity to the higher education market.
However, the market's growth is hampered by the complexity associated with the adoption of server-based computing.
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.
Post COVID-19 Impact on Higher Education Market
With nearly 1.7 billion learners unable to attend their educational institutes and in need of online education to continue with their tuition for the current academic year 2020-21, there is a high demand for online education. According to industry experts, adoption of eLearning technologies will gain traction during the COVID-19 outbreak and will gradually increase in the post-COVID-19 period in order to be prepared to deal with a similar lockdown situation in the future. Furthermore, several higher education solution providers are making their products available for free during the pandemic in order to increase the adoption of higher education solutions. The International Monetary Fund (IMF) forecasts a recession far worse than the 2008 global financial crisis.
- VMware will launch education services in India in July 2020. 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.
- SAP Learning Hub's student edition will be available in June 2020, 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 hardware, solutions, courses, learning type, service type and user type. 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.
- Interactive white boards
- Content and collaboration
- Data security and compliance
- Campus technology
- Student and curriculum
- Performance management
- Training and support
- State universities
- Community colleges
- Private colleges
Higher Education Market Regional Analysis/Insights
The higher education market is analysed and market size insights and trends are provided by country, hardware, solutions, courses, learning type, service type and user type as referenced above.
The countries covered in the higher education market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America will 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 2022 and 2029. Asia-Pacific, on the other hand, 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 market regulation that impact the current and future trends of the market. Data points like down-stream 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 their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Higher Education Market Share Analysis
The higher education market competitive landscape provides details by competitor. 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, application dominance. The above data points provided are only related to the companies' focus related to higher education market.
Some of the major players operating in the higher education market are:
- Coursera (US)
- edX (US)
- Pluralsight (US)
- Edureka (India)
- Alison (Ireland)
- Udacity (US)
- Udemy (US)
- Miríadax (Spain)
- Jigsaw Academy (India)
- Simplilearn (US)
- iversity (Germany)
- Intellipaat (India)
- Edmodo (US)
- FutureLearn (UK)
- LinkedIn (US)
- NovoEd (US)
- Open2Study (Australia)
- WizIQ (India)
- Skillshare (US)
- XuetangX (China)
Research Methodology: Global Higher Education Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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