Cloud computing in the education industry offers internet-based services to K-12 and higher education institutions in order to make their business processes and teaching-learning processes robust and efficient. Rising demand for a centralized system for the management of academic operations has provided good opportunities of growth for cloud service providers in the education industry. MarketsandMarkets expects the global cloud computing in education market size to grow from USD 8.13 Billion in 2016 to USD 25.36 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 25.6% from 2016 to 2021.
Cloud computing has opened up new world of opportunities for students and educational institutions. Cloud service providers in the education industry are focusing on offering innovative solutions to educational institutes so as to streamline their business processes. Cloud computing offers several advantages to educational institutions, such as reduction in expenditure on IT infrastructure, scalability of resources, and lower operational cost. Thus, educational institutes across the globe are focusing on migrating to new age cloud technology solutions and to find the right balance of on-premises and cloud services.
The key players in the cloud computing in education market include Adobe Systems (U.S.), Cisco Systems (U.S.), IBM (U.S.), Oracle (U.S.), Microsoft (U.S.), NEC (Japan), and others. These players have adopted various strategies such as partnerships, acquisitions, expansions, and new product launches & upgradations to achieve growth in the market. The year 2015–2016 witnessed many new product launches by the market players, which were done to expand their product portfolio and provide improved offerings.
VMware launched VMware Cross-Cloud Architecture. This new architecture enabled organizations to run, manage, connect, and secure applications across clouds and devices in a common operating environment. Additionally, Adobe launched a major update to its flagship Creative Cloud tools and services. This update includes features such as performance enhancement and better integration within Creative Cloud.
Microsoft scaled its portfolio of solutions and services in order to achieve growth in the cloud computing in education market. The company intends to extend its distributors, channel partners, and resellers to further increase the product availability across the globe. The company’s broad range of product offerings across its major business segments of hardware, software, and services allows it to serve varied industry verticals. The company launched next generation ERP solution, Microsoft Dynamic Ax, built on and for Microsoft Azure. This has empowered organizations by offering them speed, power, and intelligence of cloud computing to optimize their business processes. Microsoft also entered into a partnership with General Electric. GE will make its Predix platform available for Microsoft Azure cloud. This partnership will empower customers to capture intelligence from industrial asset and take advantage of Microsoft’s enterprise cloud to run business smoothly.
Cloud Computing in Education Market by Service Model (SaaS, PaaS, and IaaS), Deployment Model (Private Cloud, Public Cloud, Hybrid Cloud, and Community Cloud), User Type (K-12 and Higher Education) and Region - Global Forecast to 2021
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