Technavio has been monitoring the higher education market and it is poised to grow by USD 37.82 billion during 2020-2024, decelerating at a CAGR of over 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Higher Education Market 2020-2024 (Graphic: Business Wire)
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a high impact on the higher education market. The market growth in 2020 is likely to increase compared to market growth in 2019.
Frequently Asked Questions:
Based on segmentation by the product, which is the leading segment in the market?
The hardware is the leading segment in the market.
What are the major trends in the market?
The growth of internationalization in the education sector is the major trend in the market.
At what rate is the market projected to decline?
The market is decelerating at a CAGR of over 12%.
Who are the top players in the market?
Adobe Inc., Apple Inc., Blackboard Inc., Dell Inc., D2L Corp., Discovery Inc., Ellucian Co. LP, Instructure Inc., Pearson plc, and Samsung Electronics Co. Ltd. are the top players in the market.
What are the key market drivers and challenges?
The emergence of transitional education (TNE) is driving the segment. However, the rising availability of open-source software providers will challenge the growth of the market.
How big is the North American market?
Over 36% of the market’s growth will originate from North America.
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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Adobe Inc., Apple Inc., Blackboard Inc., Dell Inc., D2L Corp., Discovery Inc., Ellucian Co. LP, Instructure Inc., Pearson plc, and Samsung Electronics Co. Ltd are some of the major market participants. Although the emergence of transitional education (TNE) will offer immense growth opportunities, the rising availability of open-source software providers is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this higher education market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Higher Education Market 2020-2024: Segmentation
Higher Education Market is segmented as below:
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Higher Education Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The higher education market report covers the following areas:
Higher Education Market Size
Higher Education Market Trends
Higher Education Market Industry Analysis
This study identifies the growth of internationalization in the education sector as one of the prime reasons driving higher education market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Higher Education Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist higher education market growth during the next five years
Estimation of the higher education market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the higher education market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of higher education market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product placement
Hardware - Market size and forecast 2019-2024
Software - Market size and forecast 2019-2024
Market opportunity by Product
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher priced units
Market positioning of vendors
Ellucian Co. LP
Samsung Electronics Co. Ltd.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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