Higher Education Market size was valued at US$ 21.38 Bn. in 2022 and the total revenue is expected to grow at 19.4 % through 2023 to 2029, reaching nearly US$ 73.98 Bn.Higher Education Market Overview:
Higher Education is an optional final stage of formal learning that occurs after secondary education is finished. Also known as post-secondary education. It consists of all post-secondary education, training, and research guidance at education institutions that are authorized as institutions of higher education by state authorities. Higher education is provided in a variety of educational institutions, including universities, academies, colleges, seminaries, and institutes of technology, as well as at certain college-level institutions, such as vocational schools, trade schools, and other degree-granting institutions.To know about the Research Methodology :- Request Free Sample Report
Higher Education Market Dynamics:
Increasing internationalization and an increasing number of student enrolments are major factors driving the market growth of higher education. The rise of the higher education market is driven by increasing connection and hardware, the privacy of numerous cloud-based resources, the emergence of online and collaborative learning, and the personalization of technology. Globalization of the internet has unlocked up new opportunities for individuals to increase their skillset from top-notch universities that are range across the globe. Individuals are opting for these courses as they are in line with the technological advancements that are happening all across the globe. This is expected to be one of the top factors that will drive the adoption of higher education software adoption across institutions. The availability of high-speed internet, growing usage of personal computing devices, and governments’ initiative towards digital learning are the key factors responsible for driving the growth of the higher education market. The lack of skilled workers has become a major challenge for organizations which has resulted in individuals opting for higher education courses that could benefit in building skills. This factor is driving the market growth. The digital transformation implementation in education has increased, this has become a hub for hackers implementing ransomware, malware, and various types targeting personal information of users and teachers Increased cost, difficulty in the adoption of server-based computing, and decreased government funding the rising need for increasing tuition charges put tremendous strain on students. This factor is likely to affect the number of enrolments of students. These are the key factors harming the market growth of higher education Market trends and challenges are analyzed and compiled in the report. The data of 2022 is considered for a better understanding of the client. Moreover, Analytics of the market is based on real numbers of past years from 2017 to 2022 with market forecast until 2029.Higher Education Market Segment Analysis:
By Component, Hardware dominated the market share with 38 % in 2022. Increased demand for projectors, interactive whiteboards, printers, PCs, laptops, tablets, smartphones, and other personal computing devices, that have become essential components of modern educational systems. These factors are driving the market growth of the hardware segment. The solutions segment is expected to grow at a CAGR of 5.6 % through the forecast period. The need to record and maintain detailed information about students is expected to drive market growth. Advanced approaches towards online learning and training are the factors expected to drive the market growth of the solutions segment through the forecast period.By End User, State Universities dominated the market with a 42 % share in 2022. State universities offer affordable tuition fees, a dynamic atmosphere, a loyal student body, knowledgeable instructors, and attractive placements opportunities. These factors are driving the market growth of the segment. Private colleges are expected to grow at a CAGR of 16 % through the forecast period. Academic Excellence, a Close-knit community, top-notch professors, and merit scholarships are the factors driving the market growth of the segment.
By Learning Mode, Offline mode dominated the market with a 65 % share in 2022. High preference for traditional learning methods is a major factor driving the market growth of this segment. Less distraction, full attentiveness, and teachers can offer individual attention to students. These factors are contributing the market growth. Online mode is expected to grow at a CAGR of 12 % through the forecast period. Scalability, flexibility, cost-efficient are the factors expected to drive market growth. Online mode offers lecture recording for references and convenient attendance are key factors expected to drive the market growth of online mode.
Higher Education Market Regional Insights:
North American region dominated the market with a 30 % share in 2022. North America is an education hub with the maximum number of institutions and universities globally. Increasing investments in educational technologies are driving the market growth. Governmental efforts to broaden the education landscape at the international level and bring your own devices concept among students as well as faculty on increase and driving the demand for higher education in the region. Asia Pacific is expected to grow at a CAGR of 15.4 % through the forecast period. The increasing importance of higher education in the region to support economic and sociological development and China is now a major producer, exporter, and investor in the Higher Educations market. The combination of demographic and economic growth, bilateral trade patterns, and shifts in inbound and outbound student flow, growing global competition, and rapid expansion of tertiary education capacity are factors expected to drive market growth through the forecast period. The objective of the report is to present a comprehensive analysis of the Higher Education market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Higher Education market dynamics, structure by analyzing the market segments and project the Higher Education market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Higher Education market make the report investor’s guide.Higher Education Market Scope: Inquire before buying
Global Higher Education Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 21.38 Bn. Forecast Period 2023 to 2029 CAGR: 19.4% Market Size in 2029: US $ 73.98 Bn. Segments Covered: by Component Hardware Solutions Software by End User Private Colleges State Universities Community Colleges by Learning Mode Online Mode Offline Mode Higher Education Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Higher Education Market, Key Players are
1. 2U, Inc. 2.REMIND101, INC. 3. Verizon 4. Blackbaud, Inc. 5. Ellucian Company L.P. 6. ServiceNow, Inc. 7. Xerox Corporation 8. Dell Inc. Oracle Corporation 9. Instructure, Inc. 10. Blackboard Inc. 11. Hyland Software, Inc. 12. Unifyed 13. CDW LLC. 14. VMware, Inc. 15. Bain and Company, Inc. 16. Astera Software 17. Pearson EducationFAQ:
1] What segments are covered in the Higher Education Market report? Ans. The segments covered in the Higher Education Market report are based on Component, End User and Learning Mode. 2] Which region is expected to hold the highest share in the Higher Education Market? Ans. Asia Pacific Region is expected to hold the highest share in the Higher Education Market. 3] What is the market size of Higher Education Market by 2029? Ans. The market size of Higher Education Market by 2029 is US $ 73.98 Bn. 4] Who are the top key players in the Higher Education Market? Ans. 2U, Inc., REMIND101, INC., Verizon , Blackbaud, Inc., Ellucian Company L.P., ServiceNow, Inc., Xerox Corporation, Dell Inc., Oracle Corporation, Instructure, Inc., Blackboard Inc., Hyland Software, Inc., Unifyed, CDW LLC., VMware, Inc., Bain and Company, Inc., Astera Software. 5] What was the market size of Higher Education Market in 2022? Ans. The market size of Higher Education Market in 2022 was US $ 21.38 Bn.
1. Higher Education Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Higher Education Market: Dynamics 2.1. Higher Education Market Trends by Region 2.1.1. North America Higher Education Market Trends 2.1.2. Europe Higher Education Market Trends 2.1.3. Asia Pacific Higher Education Market Trends 2.1.4. Middle East and Africa Higher Education Market Trends 2.1.5. South America Higher Education Market Trends 2.2. Higher Education Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Higher Education Market Drivers 2.2.1.2. North America Higher Education Market Restraints 2.2.1.3. North America Higher Education Market Opportunities 2.2.1.4. North America Higher Education Market Challenges 2.2.2. Europe 2.2.2.1. Europe Higher Education Market Drivers 2.2.2.2. Europe Higher Education Market Restraints 2.2.2.3. Europe Higher Education Market Opportunities 2.2.2.4. Europe Higher Education Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Higher Education Market Drivers 2.2.3.2. Asia Pacific Higher Education Market Restraints 2.2.3.3. Asia Pacific Higher Education Market Opportunities 2.2.3.4. Asia Pacific Higher Education Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Higher Education Market Drivers 2.2.4.2. Middle East and Africa Higher Education Market Restraints 2.2.4.3. Middle East and Africa Higher Education Market Opportunities 2.2.4.4. Middle East and Africa Higher Education Market Challenges 2.2.5. South America 2.2.5.1. South America Higher Education Market Drivers 2.2.5.2. South America Higher Education Market Restraints 2.2.5.3. South America Higher Education Market Opportunities 2.2.5.4. South America Higher Education Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Higher Education Industry 2.8. Analysis of Government Schemes and Initiatives For Higher Education Industry 2.9. Higher Education Market Trade Analysis 2.10. The Global Pandemic Impact on Higher Education Market 3. Higher Education Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Higher Education Market Size and Forecast, by Component (2022-2029) 3.1.1. Hardware 3.1.2. Solutions 3.1.3. Software 3.2. Higher Education Market Size and Forecast, by End User (2022-2029) 3.2.1. Private Colleges 3.2.2. State Universities 3.2.3. Community Colleges 3.3. Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 3.3.1. Online Mode 3.3.2. Offline Mode 3.4. Higher Education Market Size and Forecast, by Region (2022-2029) 3.4.1. North America 3.4.2. Europe 3.4.3. Asia Pacific 3.4.4. Middle East and Africa 3.4.5. South America 4. North America Higher Education Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Higher Education Market Size and Forecast, by Component (2022-2029) 4.1.1. Hardware 4.1.2. Solutions 4.1.3. Software 4.2. North America Higher Education Market Size and Forecast, by End User (2022-2029) 4.2.1. Private Colleges 4.2.2. State Universities 4.2.3. Community Colleges 4.3. North America Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 4.3.1. Online Mode 4.3.2. Offline Mode 4.4. North America Higher Education Market Size and Forecast, by Country (2022-2029) 4.4.1. United States 4.4.1.1. United States Higher Education Market Size and Forecast, by Component (2022-2029) 4.4.1.1.1. Hardware 4.4.1.1.2. Solutions 4.4.1.1.3. Software 4.4.1.2. United States Higher Education Market Size and Forecast, by End User (2022-2029) 4.4.1.2.1. Private Colleges 4.4.1.2.2. State Universities 4.4.1.2.3. Community Colleges 4.4.1.3. United States Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 4.4.1.3.1. Online Mode 4.4.1.3.2. Offline Mode 4.4.2. Canada 4.4.2.1. Canada Higher Education Market Size and Forecast, by Component (2022-2029) 4.4.2.1.1. Hardware 4.4.2.1.2. Solutions 4.4.2.1.3. Software 4.4.2.2. Canada Higher Education Market Size and Forecast, by End User (2022-2029) 4.4.2.2.1. Private Colleges 4.4.2.2.2. State Universities 4.4.2.2.3. Community Colleges 4.4.2.3. Canada Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 4.4.2.3.1. Online Mode 4.4.2.3.2. Offline Mode 4.4.3. Mexico 4.4.3.1. Mexico Higher Education Market Size and Forecast, by Component (2022-2029) 4.4.3.1.1. Hardware 4.4.3.1.2. Solutions 4.4.3.1.3. Software 4.4.3.2. Mexico Higher Education Market Size and Forecast, by End User (2022-2029) 4.4.3.2.1. Private Colleges 4.4.3.2.2. State Universities 4.4.3.2.3. Community Colleges 4.4.3.3. Mexico Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 4.4.3.3.1. Online Mode 4.4.3.3.2. Offline Mode 5. Europe Higher Education Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Higher Education Market Size and Forecast, by Component (2022-2029) 5.2. Europe Higher Education Market Size and Forecast, by End User (2022-2029) 5.3. Europe Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 5.4. Europe Higher Education Market Size and Forecast, by Country (2022-2029) 5.4.1. United Kingdom 5.4.1.1. United Kingdom Higher Education Market Size and Forecast, by Component (2022-2029) 5.4.1.2. United Kingdom Higher Education Market Size and Forecast, by End User (2022-2029) 5.4.1.3. United Kingdom Higher Education Market Size and Forecast, by Learning Mode(2022-2029) 5.4.2. France 5.4.2.1. France Higher Education Market Size and Forecast, by Component (2022-2029) 5.4.2.2. France Higher Education Market Size and Forecast, by End User (2022-2029) 5.4.2.3. France Higher Education Market Size and Forecast, by Learning Mode(2022-2029) 5.4.3. Germany 5.4.3.1. Germany Higher Education Market Size and Forecast, by Component (2022-2029) 5.4.3.2. Germany Higher Education Market Size and Forecast, by End User (2022-2029) 5.4.3.3. Germany Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 5.4.4. Italy 5.4.4.1. Italy Higher Education Market Size and Forecast, by Component (2022-2029) 5.4.4.2. Italy Higher Education Market Size and Forecast, by End User (2022-2029) 5.4.4.3. Italy Higher Education Market Size and Forecast, by Learning Mode(2022-2029) 5.4.5. Spain 5.4.5.1. Spain Higher Education Market Size and Forecast, by Component (2022-2029) 5.4.5.2. Spain Higher Education Market Size and Forecast, by End User (2022-2029) 5.4.5.3. Spain Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 5.4.6. Sweden 5.4.6.1. Sweden Higher Education Market Size and Forecast, by Component (2022-2029) 5.4.6.2. Sweden Higher Education Market Size and Forecast, by End User (2022-2029) 5.4.6.3. Sweden Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 5.4.7. Austria 5.4.7.1. Austria Higher Education Market Size and Forecast, by Component (2022-2029) 5.4.7.2. Austria Higher Education Market Size and Forecast, by End User (2022-2029) 5.4.7.3. Austria Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 5.4.8. Rest of Europe 5.4.8.1. Rest of Europe Higher Education Market Size and Forecast, by Component (2022-2029) 5.4.8.2. Rest of Europe Higher Education Market Size and Forecast, by End User (2022-2029) 5.4.8.3. Rest of Europe Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 6. Asia Pacific Higher Education Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Higher Education Market Size and Forecast, by Component (2022-2029) 6.2. Asia Pacific Higher Education Market Size and Forecast, by End User (2022-2029) 6.3. Asia Pacific Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 6.4. Asia Pacific Higher Education Market Size and Forecast, by Country (2022-2029) 6.4.1. China 6.4.1.1. China Higher Education Market Size and Forecast, by Component (2022-2029) 6.4.1.2. China Higher Education Market Size and Forecast, by End User (2022-2029) 6.4.1.3. China Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 6.4.2. S Korea 6.4.2.1. S Korea Higher Education Market Size and Forecast, by Component (2022-2029) 6.4.2.2. S Korea Higher Education Market Size and Forecast, by End User (2022-2029) 6.4.2.3. S Korea Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 6.4.3. Japan 6.4.3.1. Japan Higher Education Market Size and Forecast, by Component (2022-2029) 6.4.3.2. Japan Higher Education Market Size and Forecast, by End User (2022-2029) 6.4.3.3. Japan Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 6.4.4. India 6.4.4.1. India Higher Education Market Size and Forecast, by Component (2022-2029) 6.4.4.2. India Higher Education Market Size and Forecast, by End User (2022-2029) 6.4.4.3. India Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 6.4.5. Australia 6.4.5.1. Australia Higher Education Market Size and Forecast, by Component (2022-2029) 6.4.5.2. Australia Higher Education Market Size and Forecast, by End User (2022-2029) 6.4.5.3. Australia Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 6.4.6. Indonesia 6.4.6.1. Indonesia Higher Education Market Size and Forecast, by Component (2022-2029) 6.4.6.2. Indonesia Higher Education Market Size and Forecast, by End User (2022-2029) 6.4.6.3. Indonesia Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 6.4.7. Malaysia 6.4.7.1. Malaysia Higher Education Market Size and Forecast, by Component (2022-2029) 6.4.7.2. Malaysia Higher Education Market Size and Forecast, by End User (2022-2029) 6.4.7.3. Malaysia Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 6.4.8. Vietnam 6.4.8.1. Vietnam Higher Education Market Size and Forecast, by Component (2022-2029) 6.4.8.2. Vietnam Higher Education Market Size and Forecast, by End User (2022-2029) 6.4.8.3. Vietnam Higher Education Market Size and Forecast, by Learning Mode(2022-2029) 6.4.9. Taiwan 6.4.9.1. Taiwan Higher Education Market Size and Forecast, by Component (2022-2029) 6.4.9.2. Taiwan Higher Education Market Size and Forecast, by End User (2022-2029) 6.4.9.3. Taiwan Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 6.4.10. Rest of Asia Pacific 6.4.10.1. Rest of Asia Pacific Higher Education Market Size and Forecast, by Component (2022-2029) 6.4.10.2. Rest of Asia Pacific Higher Education Market Size and Forecast, by End User (2022-2029) 6.4.10.3. Rest of Asia Pacific Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 7. Middle East and Africa Higher Education Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Higher Education Market Size and Forecast, by Component (2022-2029) 7.2. Middle East and Africa Higher Education Market Size and Forecast, by End User (2022-2029) 7.3. Middle East and Africa Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 7.4. Middle East and Africa Higher Education Market Size and Forecast, by Country (2022-2029) 7.4.1. South Africa 7.4.1.1. South Africa Higher Education Market Size and Forecast, by Component (2022-2029) 7.4.1.2. South Africa Higher Education Market Size and Forecast, by End User (2022-2029) 7.4.1.3. South Africa Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 7.4.2. GCC 7.4.2.1. GCC Higher Education Market Size and Forecast, by Component (2022-2029) 7.4.2.2. GCC Higher Education Market Size and Forecast, by End User (2022-2029) 7.4.2.3. GCC Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 7.4.3. Nigeria 7.4.3.1. Nigeria Higher Education Market Size and Forecast, by Component (2022-2029) 7.4.3.2. Nigeria Higher Education Market Size and Forecast, by End User (2022-2029) 7.4.3.3. Nigeria Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 7.4.4. Rest of ME&A 7.4.4.1. Rest of ME&A Higher Education Market Size and Forecast, by Component (2022-2029) 7.4.4.2. Rest of ME&A Higher Education Market Size and Forecast, by End User (2022-2029) 7.4.4.3. Rest of ME&A Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 8. South America Higher Education Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Higher Education Market Size and Forecast, by Component (2022-2029) 8.2. South America Higher Education Market Size and Forecast, by End User (2022-2029) 8.3. South America Higher Education Market Size and Forecast, by Learning Mode(2022-2029) 8.4. South America Higher Education Market Size and Forecast, by Country (2022-2029) 8.4.1. Brazil 8.4.1.1. Brazil Higher Education Market Size and Forecast, by Component (2022-2029) 8.4.1.2. Brazil Higher Education Market Size and Forecast, by End User (2022-2029) 8.4.1.3. Brazil Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 8.4.2. Argentina 8.4.2.1. Argentina Higher Education Market Size and Forecast, by Component (2022-2029) 8.4.2.2. Argentina Higher Education Market Size and Forecast, by End User (2022-2029) 8.4.2.3. Argentina Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 8.4.3. Rest Of South America 8.4.3.1. Rest Of South America Higher Education Market Size and Forecast, by Component (2022-2029) 8.4.3.2. Rest Of South America Higher Education Market Size and Forecast, by End User (2022-2029) 8.4.3.3. Rest Of South America Higher Education Market Size and Forecast, by Learning Mode (2022-2029) 9. Global Higher Education Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Higher Education Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. 2U, Inc. 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. REMIND101, INC. 10.3. Verizon 10.4. Blackbaud, Inc. 10.5. Ellucian Company L.P. 10.6. ServiceNow, Inc. 10.7. Xerox Corporation 10.8. Dell Inc. Oracle Corporation 10.9. Instructure, Inc. 10.10. Blackboard Inc. 10.11. Hyland Software, Inc. 10.12. Unifyed 10.13. CDW LLC. 10.14. VMware, Inc. 10.15. Bain and Company, Inc. 10.16. Astera Software 10.17. Pearson Education 11. Key Findings 12. Industry Recommendations 13. Higher Education Market: Research Methodology 14. Terms and Glossary