Academic Software Market Evolving Technology, Trends and Industry Analysis & Forecast To 2027

A Latest intelligence report published by The Insight Partners "Academic Software Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Deployment and Application," the market was valued at US$ 797.59 million in 2021 and is projected to reach US$ 2,007.08 million by 2027; it is expected to grow at a CAGR of 16.2% from 2020 to 2027. A detailed study accumulated to offer Latest insights about acute features of the Academic Software Market. Academic Software Market Industry Research Report provides comprehensive and Statistical analysis of the market with the help of up-to-date industry share, overview, dynamics, size, growth, competitive analysis, Companies and Academic Software Market strategy analysis. Also, evaluates the future impact of the propellants and limits on the market.

The Key Players in Are: 

Alma; Campus Cafe Software; ConexED; Envisio Solutions Inc.; FULL FABRIC; PowerVista Software, Inc; QUALTRICS LLC; Tophatmonocle Corp.; TRUEDIALOG; and WizeHive, Inc. are among the major companies operating in the academic software market.

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The current learning analytics landscape, especially for higher education, has expanded rapidly. When students are engaging in fun game events, they can learn better and practice simultaneously. Gaming features help create a fun and productive learning experience for learners. In the K-12 educational field, the implementation of gamification is most widespread. Thus, the adoption of gamification across the global education sector is expected to influence the demand for academic software over the years.

Additionally, ever since virtual reality (VR) and augmented reality (AR) have been introduced into education, the class learning experience has undergone a tremendous transition. The growth in demand for experiential learning is moving the development of VR and AR learning forward. Learning has been a lot more engaging than typical techniques. While VR provides a built reality, AR provides a real image with an improved view. Thus, increase in adoption of technologies across educational institutions is creating demand for solutions to support the implementation of them and to offer better results. This is expected to contribute to the academic software market growth over the forecast period.

The report segments as follows:

By Type (On-Premise and Cloud)
By Enterprise Size (SMEs and Large Enterprises)
By End-user Industry (Automotive, Electricals & Electronics, General Industries, and Others)

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The academic software market is segmented on the basis of deployment, application, and geography. Based on deployment, the market is bifurcated into cloud and on-premise. In 2019, the cloud segment accounted for a larger share in the market. On the basis of application, the academic software market is segmented into colleges and universities, educational services, and others. In 2019, the colleges and universities segment accounted for the largest share in the market. Geographically, North America held the largest share of the academic software market in 2019, followed by Europe and Asia Pacific. Further, the market in Asia Pacific is projected to witness the highest growth during the forecast period.

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The emergence and outbreak of COVID-19 is adversely affecting numerous developed and developing countries. As of January 2021, the US, India, Brazil, Russia, and France are among the worst affected countries in terms confirmed cases and reported deaths. The outbreak is hindering the education sector as all schools, colleges, and universities are temporarily closed to combat the spread of the virus. With high support from the government across all regions, the education sector is experiencing a total shift from offline method to online studies for students.

Answers that the report acknowledges:

Market size and growth rate during forecast period.
Key factors driving the Market.
Key market trends cracking up the growth of the Market
Challenges to market growth.
Key vendors of Academic Software Market
Detailed SWOT analysis.
Opportunities and threats face by the existing vendors in Global Market
Trending factors influencing the market in the geographical regions.
Strategic initiatives focusing the leading vendors.
PEST analysis of the market in the five major region

Contact Us:
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Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

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This release was published on openPR.