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Factors Driving Higher Education Market - An Overview
There has been a significant visible growth in the higher education market and this is expected to continue in the coming years. Higher education market has become more open to online education and is focusing more on implementing the flipped classroom with the emergence of online and collaborative learning. Higher Ed institutions are increasing the adoption of electronic learning and cloud resources in order to enhance the learning process.
Community colleges are well placed in terms of adoption of latest technologies and issues related to the usage.
The present day higher education vendors provide interactive hardware devices, software solutions, services and learning management systems to institutions for better task management and information delivery.
Today, the IT infrastructure plays a vital part in the universities and therefore, institutions are expected to prioritize and strengthen its IT value, so that it can increase the cloud and digital services within the campus.
The driving factors for the higher education market are the increased connectivity and hardware, and faster replacement of device based computing in institutions. North America is expected to have the largest market share in the overall higher education market followed by Europe and APAC in 2014. The same trend is expected to continue in 2019 as well.
However, there are a few restraints in the higher education market such as budget restraints faced by universities and colleges, and increased cost of education. The global higher education market is expected to grow from $43.06 billion in 2013 to $65.83 billion in 2019 at a CAGR of 7.5%.
Higher Education Market [Software Solutions, Content & Collaboration, Data Security & Compliance, Campus Technology, Student & Curriculum, Performance Management] - Worldwide Market Forecasts and Analysis (2014-2019)
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