Press release
Educational Excellence: Key Players and Strategies in the Global Higher Education Market (2024-2032)
Global Higher Education Market
According to the report by Expert Market Research (EMR), the global higher education market is projected to grow at a CAGR of 19.6% between 2024 and 2032. Aided by technological advancements, changing societal needs, and evolving student demographics.
Higher education encompasses the diverse range of educational opportunities offered at postsecondary institutions, culminating in the attainment of a diploma, recognised degree, or certificate upon completion of a program of study. These institutions consist of universities, colleges, and specialised schools that offer training in fields like medicine, business, law, theology, music, and art. Additionally, higher education also encompasses junior colleges, teacher-training schools, and technological institutes.
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The expectations of today's students are influenced by their unique personal, academic, and professional goals. Modern students are seeking educational experiences that are agile, insightful, and proactive. To meet these requirements, leading companies are offering advanced solutions. One such solution is Oracle Student Cloud, which provides lifelong learning support on a single, adaptable platform. Powered by artificial intelligence (AI), consumer-market design elements, and collaboration tools, Oracle Student Cloud brings about significant changes to the student experience at every stage of their academic journey, including financial aid. The use of cloud technology can enhance the higher education market expansion by enabling cost savings, flexibility, and a framework for fostering innovation. It also ensures secure storage of student population data, promotes greater interoperability and access, facilitates expedited app development and deployment, and automates engagement through the use of chatbots via mobile cloud services.
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Furthermore, there has been a change in the expectations of the job market from higher education. Companies now value specific skills and abilities in addition to academic knowledge. Essential skills required in the industry include computer skills, interpretation and processing of information, adherence to rules and regulations, project supervision and management, interpersonal skills, ability to work under pressure, various behavioral qualities, domain-specific technical expertise, innovation capability, and more. Higher educational institutions, courses, and solutions that can nurture and empower such skills and qualities are expected to be in high demand.
The integration of digital technologies in higher education has led to the proliferation of online courses and programs. The COVID-19 pandemic accelerated this trend, highlighting the importance of flexible and accessible learning platforms. Institutions are increasingly focusing on global engagement through partnerships, study abroad programs, and the recruitment of international students, fostering a diverse and interconnected academic community, consequently driving up the higher education market share.
There is a growing emphasis on interdisciplinary studies and experiential learning opportunities, such as internships and co-op programs, to prepare students for the complexities of the modern workforce. Moreover, higher education institutions are aligning their curricula with industry needs, emphasising skill development, and employability to ensure graduates are job-ready.
Universities are increasingly incorporating sustainability and social responsibility into their missions, curricula, and campus operations, reflecting a commitment to global challenges. Moreover, collaborations with industry, government, and other educational institutions are enhancing research, funding, and learning opportunities for students, therefore leading to higher education market development.
Global Higher Education Market Segmentation
The market can be divided based on the component, deployment type, course type, vertical, and region
Market Breakup by Component
Solution
Services
Market Breakup by Deployment Type
On-premises
Cloud
Market Breakup by Course Type
Arts
Economics
Engineering
Law
Science
Others
Market Breakup by Vertical
State Universities
Community Colleges
Private Colleges
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global higher education market. Some of the major players explored in the report by expert market research are as follows:
Anthology Inc.
Blackbaud, Inc.
Google LLC
Microsoft Corporation
Ellucian Company L.P
Oracle Corporation
IBM Corporation
SAP SE
Pearson plc
Dell, Inc
VMware, Inc
Xerox Holdings Corporation
ServiceNow, Inc
Unifyed
Hyland Software
Others
Frequently Asked Questions at the Global Higher Education Market
1. What is the predicted increase fee of the global higher schooling marketplace?
The international better education marketplace is anticipated to grow at a compound annual growth price (CAGR) of 19.6% among 2024 and 2032.
2. What are the number one drivers of the better education market?
Key drivers of the market include increasing scholar enrollments, developing internationalization inside the schooling sector, shifts in inbound and outbound scholar drift, growing global opposition, and speedy enlargement of tertiary education capacity.
3. What are the key developments within the international better education marketplace?
Significant developments driving the market's boom consist of advancements in generation and converting pupil and industry expectations.
4. What are the foremost regional markets for higher schooling, consistent with the document?
The primary nearby markets for better schooling include North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
5. What are the various components in the higher education marketplace?
The market comprises diverse additives, inclusive of solutions and services.
6. How is the marketplace segmented based totally on deployment kind?
The marketplace is segmented based on deployment type into on-premises and cloud.
7. What are the most important verticals inside the higher training marketplace?
The main verticals in the market include nation universities, community colleges, and personal colleges.
8. Who are the main players inside the international higher education market, consistent with the document?
Prominent players in the market include Anthology Inc., Blackbaud, Inc., Google LLC, Microsoft Corporation, Ellucian Company L.P, Oracle Corporation, IBM Corporation, SAP SE, Pearson percent, Dell, Inc, VMware, Inc, Xerox Holdings Corporation, ServiceNow, Inc, Unifyed, and Hyland Software, among others.
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