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Higher learning is an optional final phase of formal training, referred to as post-secondary and tertiary education, after secondary education. It includes all post-secondary education, training, and guidance on educational institutions' research approved by State authorities as higher education institutions. Higher education is provided through various schools such as universities, academies, colleges, technology seminars and institutes, and some universities, including vocational schools, business colleges, and other graduate professional colleges. They are all forms of education beyond high school.
Over the last two decades, the higher education market has emerged and is now increasing. In private and public institutions, ministries of education and government agencies, education, and testing companies, the number of players in that market is expanding. Educational institutions are becoming more receptive to technological components being adopted. Technology plays a vital role in enabling students and educators to interact and take advantage of upcoming learning opportunities in education. Within the higher education market, there is growing competition between public and private higher education institutions, with international universities and business partners' participation for research, associations, and funds to focus on students and faculty from all over the world.
Growing Number of Enrollments
Companies are continually looking for people who can lead this change and adapt quickly to such changes with the changing technological landscape. The lack of qualified employees has become one of the significant challenges for businesses, leading to people turning to specialized higher education courses that could benefit students in the long run.
Globalization and the increase in the web has given people from leading universities worldwide new opportunities to build their skills. Individuals opt for these courses because they are in line with the technological advances taking place worldwide. The software adoption for higher education across institutions will likely be one of the leading factors.
Growing International Student Mobility
With globalisation coming and the growing number of students who visit different countries to train, there are projected to be enormous opportunities for higher education providers.The massive flow of traffic of university education students around the world is expected to create tremendous opportunities for higher education providers as institutions will have to manage these vast volumes of data, thereby creating new revenue streams for providers of software for higher education.
The growing number of enrolments means that students choose cloud-based education as their primary source to boost the higher education market. It is expected that increased connectivity and hardware, cloud-based resource privacy, device-based computing replacement, technology personalization, and the emergence of collaborative and online learning will be significant drivers for the higher education market.
The Higher Education Market is projected to reach USD 117.95 billion by 2025, with a CAGR growth of 8.25 percent from 2019 to 2025. Globally, enrollment in higher education has seen a growth path. However, the bulk of this growth is driven by middle-income countries, while high-income countries are more stagnant. The growing number of registrations is expected to fuel the global higher education market. In addition, increasing globalization in the education sector contributes significantly to higher education's global market growth.
The education industry has chosen to transform digitally and has been a lovely place for hackers to carry out phishing, ransomware, malware, and other attacks. Hackers focus on the higher education sector since it provides users and teachers with personal information. The industry also saw a change in the crowd due to new registrations and graduation of students. These factors have made a robust security solution challenging to implement.
It is anticipated that Asia-Pacific has the highest CAGR. In the higher education market, China is now a major producer, exporter, and investor. A combination of population and economic growth, bilateral business models, and changes in the flow of incoming and outgoing students are driving the region's growth, increasing global competition and rapidly expanding higher education capacity.
North America is estimated to have the highest rate of higher education adoption. There are many opportunities for students in Latin America and the Middle East, and Africa. Suppliers are massively adopting these solutions in most countries, such as the UAE and Saudi Arabia.
By End User
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East & Africa
The report profiles various major market players such as
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities). The study also provides company’s positioning and market share of the overall market.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyses the global higher education market by the following segments:
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Key Questions Answered in the Higher Education Industry Report
The report offers a comprehensive insight on the Higher Education Market share, competitor landscape, market trends, growth, revenue, and key driver’s analysis with coverage of key players, top geographies, product types and end user.
Exhaustive secondary research and in-depth primary interviews with industry experts has been conducted to present qualitative and quantitative insights in the report.
We offer customizations as per client’s specific needs.