Higher Education Market size was valued at US$ 17.91 Bn. in 2021 and the total revenue is expected to grow at 19.4 % through 2022 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 2021 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 2021 with market forecast until 2029.Higher Education Market Segment Analysis:
By Component, Hardware dominated the market share with 38 % in 2021. 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 2021. 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 2021. 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 2021. 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: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 17.91 Bn. Forecast Period 2022 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 • Europe • Asia Pacific • The Middle East and Africa • South AmericaHigher Education Market Key Players
• 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 • 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 2021? Ans. The market size of Higher Education Market in 2021 was US $ 17.91 Bn.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Higher Education Products Market Size, by Market Value (US$ Mn) 3.1. Market Segmentation 3.2. Market Segmentation Share Analysis, 2021 3.2.1. 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Higher Education Products Market 3.4. Geographical Snapshot of the Higher Education Products Market, By Manufacturer share 4. Higher Education Products Market Overview, 2021-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Higher Education Products Market 5. Supply Side and Demand Side Indicators 6. Higher Education Products Market Analysis and Forecast, 2021-2029 6.1. Higher Education Products Market Size & Y-o-Y Growth Analysis. 7. Higher Education Products Market Analysis and Forecasts, 2021-2029 7.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 7.1.1. Hardware 7.1.2. Solutions 7.1.3. Software 7.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 7.2.1. Private Colleges 7.2.2. State Universities 7.2.3. Community Colleges 7.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 7.3.1. Online Mode 7.3.2. Offline Mode 8. Higher Education Products Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Higher Education Products Market Analysis and Forecasts, 2021-2029 9.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 9.1.1. Hardware 9.1.2. Solutions 9.1.3. Software 9.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 9.2.1. Private Colleges 9.2.2. State Universities 9.2.3. Community Colleges 9.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 9.3.1. Online Mode 9.3.2. Offline Mode 10. North America Higher Education Products Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Higher Education Products Market Analysis and Forecasts, 2021-2029 11.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 11.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 11.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 12. Canada Higher Education Products Market Analysis and Forecasts, 2021-2029 12.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 12.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 12.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 13. Mexico Higher Education Products Market Analysis and Forecasts, 2021-2029 13.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 13.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 13.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 14. Europe Higher Education Products Market Analysis and Forecasts, 2021-2029 14.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 14.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 14.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 15. Europe Higher Education Products Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Higher Education Products Market Analysis and Forecasts, 2021-2029 16.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 16.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 16.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 17. France Higher Education Products Market Analysis and Forecasts, 2021-2029 17.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 17.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 17.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 18. Germany Higher Education Products Market Analysis and Forecasts, 2021-2029 18.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 18.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 18.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 19. Italy Higher Education Products Market Analysis and Forecasts, 2021-2029 19.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 19.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 19.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 20. Spain Higher Education Products Market Analysis and Forecasts, 2021-2029 20.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 20.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 20.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 21. Sweden Higher Education Products Market Analysis and Forecasts, 2021-2029 21.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 21.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 21.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 22. CIS Countries Higher Education Products Market Analysis and Forecasts, 2021-2029 22.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 22.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 22.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 23. Rest of Europe Higher Education Products Market Analysis and Forecasts, 2021-2029 23.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 23.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 23.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 24. Asia Pacific Higher Education Products Market Analysis and Forecasts, 2021-2029 24.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 24.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 24.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 25. Asia Pacific Higher Education Products Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Higher Education Products Market Analysis and Forecasts, 2021-2029 26.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 26.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 26.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 27. India Higher Education Products Market Analysis and Forecasts, 2021-2029 27.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 27.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 27.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 28. Japan Higher Education Products Market Analysis and Forecasts, 2021-2029 28.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 28.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 28.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 29. South Korea Higher Education Products Market Analysis and Forecasts, 2021-2029 29.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 29.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 29.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 30. Australia Higher Education Products Market Analysis and Forecasts, 2021-2029 30.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 30.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 30.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 31. ASEAN Higher Education Products Market Analysis and Forecasts, 2021-2029 31.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 31.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 31.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 32. Rest of Asia Pacific Higher Education Products Market Analysis and Forecasts, 2021-2029 32.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 32.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 32.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 33. Middle East Africa Higher Education Products Market Analysis and Forecasts, 2021-2029 33.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 33.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 33.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 34. Middle East Africa Higher Education Products Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Higher Education Products Market Analysis and Forecasts, 2021-2029 35.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 35.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 35.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 36. GCC Countries Higher Education Products Market Analysis and Forecasts, 2021-2029 36.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 36.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 36.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 37. Egypt Higher Education Products Market Analysis and Forecasts, 2021-2029 37.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 37.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 37.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 38. Nigeria Higher Education Products Market Analysis and Forecasts, 2021-2029 38.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 38.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 38.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 39. Rest of ME&A Higher Education Products Market Analysis and Forecasts, 2021-2029 39.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 39.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 39.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 40. South America Higher Education Products Market Analysis and Forecasts, 2021-2029 40.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 40.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 40.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 41. South America Higher Education Products Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Higher Education Products Market Analysis and Forecasts, 2021-2029 42.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 42.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 42.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 43. Argentina Higher Education Products Market Analysis and Forecasts, 2021-2029 43.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 43.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 43.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 44. Rest of South America Higher Education Products Market Analysis and Forecasts, 2021-2029 44.1. Market Size (Value) Estimates & Forecast By Component, 2021-2029 44.2. Market Size (Value) Estimates & Forecast By End User, 2021-2029 44.3. Market Size (Value) Estimates & Forecast By Learning Mode, 2021-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Higher Education Products Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, End Users and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. 2U, Inc. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. REMIND101, INC. 45.3.3. Verizon 45.3.4. Blackbaud, Inc. 45.3.5. Ellucian Company L.P. 45.3.6. ServiceNow, Inc. 45.3.7. Xerox Corporation 45.3.8. Dell Inc. Oracle Corporation 45.3.9. Instructure, Inc. 45.3.10. Blackboard Inc. 45.3.11. Hyland Software, Inc. 45.3.12. Unifyed 45.3.13. CDW LLC. 45.3.14. VMware, Inc. 45.3.15. Bain and Company, Inc. 45.3.16. Astera Software 45.3.17. Pearson Education 45.3.18. Other Key Players 46. Primary Key Insights