Higher Education Market to grow at a CAGR of 14.49% from 2022 to 2027, Driven by the advent of changes in educational content delivery methods - Technavio
NEW YORK, March 31, 2023 /PRNewswire/ -- The higher education market size is estimated to grow by USD 63,368.82 million from 2022 to 2027. The market will progress at a CAGR of 14.49% during the forecast period. A major factor fueling the higher education market growth is the advent of changes in educational content delivery methods. Various established technologies, including hybrid or collaborative learning platforms, have been utilized for higher education globally. The implementation of new technologies for education was led by the increase in the investment by colleges and universities in hardware and software. The market has witnessed an emergence of new forms of content delivery methods that involve new technologies such as gamification-supported flipped classrooms and active learning, which can help enhance student engagement and make the learning process student-centric. Gamification-supported flipped classroom is a technology that enables students to watch videos and online lectures outside the classroom. This technology helps in remodeling lengthy lecture sessions into active learning, thereby utilizing the valuable class time of students to solve problems and apply concepts. Hence, technological advances fuel the growth of the higher education market during the forecast period. Discover some insights on market size, historic period (2017 to 2021), and forecast market data (2023-2027) before buying the full report - Request a sample report
Higher education market – Vendor Analysis
Vendor Landscape - The global higher education market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer higher education in the market are Adobe Inc., Advance HE, Apple Inc., Cisco Systems Inc., Class Technologies Inc., D2L Corp., Dell Technologies Inc., Educomp Solutions Ltd., Ellucian Co. LP, Fujitsu Ltd., Instructure Holdings Inc., International Business Machines Corp., Jenzabar Inc., Microsoft Corp., Oracle Corp., Pearson Plc, Promethean Ltd., Samsung Electronics Co. Ltd., SMART Technologies ULC, and Xerox Holdings Corp. and others.
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Vendor Offerings -
Adobe Inc. - The company offers higher education solutions such as Creative Cloud.
Apple Inc. - The company offers higher education solutions through Macbook Pro, iPad Pro, and Apple Pencil.
D2L Corp. - The company offers higher education solutions such as Brightspace Learning Management System.
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Higher Education Market - Segmentation Assessment
Technavio has segmented the market based on the product (software and hardware), end-user (private colleges, state universities, and community colleges), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The market share growth by the software segment will be significant during the forecast period. The higher education software segment is further segmented into support and solutions. The solutions subsegment includes learning management systems (LMSs), enterprise resource planning (ERP), adaptive learning software (ALS), content management systems (CMSs), and others. The global higher education software market is expected to witness a steady growth rate during the forecast period. The rise in the demand for various higher education software is led by factors such as the shift in the focus of higher education institutions toward active learning techniques and changes in educational content delivery methods. The demand for cloud-based classroom management system software in the higher education sector is high because of its ease of integration with the existing LMS and other supporting software such as CMS. Moreover, global vendors of technologies such as learning analytics, gamification solutions, assessment tools, and content authoring are expected to grow and capitalize on the opportunity during the forecast period.
By geography, the global higher education market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global higher education market.
North America is estimated to account for 37% of the growth of the global higher education market during the forecast period. The growth can be attributed to factors such as the growing need for effective and quality education in the developed economies in the region. Higher education institutions are investing in modern technologies that can be used to improve the learning experience for students as well as enable educators to deliver and access content from anywhere at any given point in time.
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Higher Education Market – Market Dynamics
Key Trends -
The rising emphasis on technology-based course delivery is a major trend in the global higher education market. New models of higher education partnerships such as transitional education (TNE) have emerged. TNE is conducted using different modes such as twinning programs, distance education, articulation programs, franchising arrangements, and branch campuses. The rise in the demand among students to gain a foreign qualification without moving from their country of residence is driving the growth of TNE. This helps employers and governments look for options for human resource development with a geographically dispersed workforce. Hence, the growth of TNE across the globe is likely to stimulate the growth of the global higher education market.
Major challenges -
The growth in the cost of higher education is one of the challenges hindering the higher education market growth. The rise in the cost of higher education discourages potential customers such as students. The cost of higher education is very high in private colleges compared with government colleges. For instance, the average tuition fee in private, nonprofit, and four-year colleges has increased significantly, leading to a reduction in the total number of college enrollments. The lack of well-paying job opportunities also makes students reluctant to pay high fees. Furthermore, young adults are facing high student debt. The enrollment rates for higher education are severely dropping among low-income students. Hence, factors such as high costs are expected to impede the market growth for higher education during the forecast period.
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What are the key data covered in this Higher Education Market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the higher education market between 2023 and 2027
Precise estimation of the size of the higher education market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the higher education market across North America, Europe, APAC, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of higher education market vendors
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Higher Education Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 14.49%
Market growth 2023-2027
USD 63,368.82 million
YoY growth 2022-2023 (%)
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 37%
US, China, India, Germany, and UK
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Adobe Inc., Advance HE, Apple Inc., Cisco Systems Inc., Class Technologies Inc., D2L Corp., Dell Technologies Inc., Educomp Solutions Ltd., Ellucian Co. LP, Fujitsu Ltd., Instructure Holdings Inc., International Business Machines Corp., Jenzabar Inc., Microsoft Corp., Oracle Corp., Pearson Plc, Promethean Ltd., Samsung Electronics Co. Ltd., SMART Technologies ULC, and Xerox Holdings Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
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Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
4 Historic Market Size
4.1 Global higher education market 2017 - 2021
4.2 Product Segment Analysis 2017 - 2021
4.3 End-User Segment Analysis 2017 - 2021
4.4 Geography Segment Analysis 2017 - 2021
4.5 Country Segment Analysis 2017 - 2021
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Product
6.1 Market segments
6.2 Comparison by Product
6.3 Software - Market size and forecast 2022-2027
6.4 Hardware - Market size and forecast 2022-2027
6.5 Market opportunity by Product
7 Market Segmentation by End-user
7.1 Market segments
7.2 Comparison by End-user
7.3 Private colleges - Market size and forecast 2022-2027
7.4 State universities - Market size and forecast 2022-2027
7.5 Community colleges - Market size and forecast 2022-2027
7.6 Market opportunity by End-user
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America - Market size and forecast 2022-2027
9.4 Europe - Market size and forecast 2022-2027
9.5 APAC - Market size and forecast 2022-2027
9.6 South America - Market size and forecast 2022-2027
9.7 Middle East and Africa - Market size and forecast 2022-2027
9.8 US - Market size and forecast 2022-2027
9.9 Germany - Market size and forecast 2022-2027
9.10 China - Market size and forecast 2022-2027
9.11 UK - Market size and forecast 2022-2027
9.12 India - Market size and forecast 2022-2027
9.13 Market opportunity by geography
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends
11 Vendor Landscape
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Adobe Inc.
12.4 Advance HE
12.5 Apple Inc.
12.6 Cisco Systems Inc.
12.7 Class Technologies Inc.
12.8 D2L Corp.
12.9 Dell Technologies Inc.
12.10 Educomp Solutions Ltd.
12.11 Ellucian Co. LP
12.12 Fujitsu Ltd.
12.13 Instructure Holdings Inc.
12.14 International Business Machines Corp.
12.15 Microsoft Corp.
12.16 Pearson Plc
12.17 Samsung Electronics Co. Ltd.
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations
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