Press release
Higher Education Market Estimated to Exceed US$ 61.1 Billion Globally by 2023-2028 | CAGR of 20.2%
Higher Education Market
The global higher education market size reached US$ 20.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 61.1 Billion by 2028, exhibiting a growth rate (CAGR) of 20.2% during 2023-2028.
Higher education refers to the final stage of formal learning that is pursued after the completion of secondary education. It consists of post-secondary education, training, and research guidance that is delivered at various educational institutes, such as universities, academies, colleges, seminaries, and institutes of technology. It is offered through certain college-level institutions, including vocational and trade schools and career colleges awarding degrees that provide preparation. It comprises various domains, such as law, theology, medicine, business, music, and art, and also includes research, teaching, and social services activities. The demand for higher education is rising for personal development, career specialization, and preparation, improving self-esteem and confidence, identifying new skills, and developing critical thinking.
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Higher Education Market Trends:
The increasing number of student enrolments is driving the higher education market. Moreover, the introduction of numerous e-learning solutions and open online courses (MOOCs) is catalyzing the market. In line with this, various colleges and universities are adopting technological transformation methods to deliver campus experiences to enhance student success, improve outcomes, and drive innovations, which is providing a thrust to the demand for higher education across the globe. Furthermore, the easy availability of high-speed internet connectivity and the growing usage of personal computing devices are acting as other growth-inducing factors. In line with this, the integration of advanced technologies, such as artificial intelligence (AI) and the Internet of Things (IoT) with higher education systems is creating a positive market outlook.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Some of these key players include:
• Anthology Inc.
• Blackbaud Inc.
• Cisco Systems Inc.
• Dell Technologies Inc.
• Ellucian Company L.P.
• Instructure Inc.
• Oracle Corporation
• Pearson plc
• SAP SE
• ServiceNow Inc.
• Verizon Communications Inc.
• VMware Inc.
• Xerox Corporation
Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/higher-education-market
Higher Education Market Growth Factors:
Moreover, numerous supportive government policies, including the National Accreditation Regulatory Authority Bill for Higher Education, Unnat Bharat Abhiyan, and SWAYAM Prabha are also contributing to the market. Apart from this, the increasing penetration of digitalized solutions in the education sector, coupled with the rising per capita expenditures of consumers, is positively influencing the demand for higher education. Additionally, rapid globalization and the adoption of international and intercultural dimensions by several universities to improve the quality of the education system are supporting the demand worldwide. The market is further driven by other factors, such as the continual developments in the education sector and increasing demand for employees with higher education degrees that can help them to adapt to a rapidly changing business environment.
Key Market Segmentation:
Breakup by Component:
• Solutions
o Student Information Management System
o Content Collaboration
o Data Security and Compliance
o Campus Management
o Others
• Services
o Managed Services
o Professional Services
Breakup by Deployment Mode:
• On-premises
• Cloud-based
Breakup by Course Type:
• Arts
• Economics
• Engineering
• Law
• Science
• Others
Breakup by Learning Type:
• Online
• Offline
Breakup by End User:
• State Universities
• Community Colleges
• Private Colleges
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Get in Touch with our Expert Team for Inquire or further information: https://www.imarcgroup.com/request?type=report&id=5588&flag=C
Key highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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