Higher Education Technology Market is expected to grow with a CAGR of 8.8% from 2023 to 2030.
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This report describes the global market size of Higher Education Technology Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 8.8% from 2023 to 2030.
Higher education technology refers to the application of various technological tools, solutions, and platforms designed to enhance and support the educational experience within higher education institutions, including colleges and universities. This encompasses a wide range of technologies that are integrated into the learning environment, administrative processes, and overall educational infrastructure to improve efficiency, accessibility, and the quality of education.
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Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Higher Education Technology Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 8.8% during the forecast period 2023-2030. North American market for Higher Education Technology Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of 8.8% during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report cover following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For competitor segment, the report include global key players of Higher Education Technology Market as well as some small players. The information for each competitor include:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
By Component
Hardware
Solution
Services
In 2022, the hardware category had a roughly 29% market share. The expansion of this market segment can be ascribed to the rising need for virtual education and the adoption of digital technologies. Campus network modernization is a priority. Institutions are updating their network infrastructure to give teachers and students dependable, fast connectivity. Universities are investing a lot of money in high-performance computer systems to help with complex research projects in fields like artificial intelligence, scientific research, and engineering simulations. It is anticipated that each of these factors will fuel the market's growth in the hardware segment.
By Solution
Student Information Management System
Content Collaboration
Data Security and Compliance
Campus Management
Others
With a market share of more than 27% in 2022, the student information management system category had the biggest share. The increase in the segment can be ascribed to the increasing acceptance of decentralized identity systems. These solutions give students more control over their personal data, enabling safe and private identity management. They are often built on distributed ledger technologies, such as blockchain. Institutions are also giving preference to student information management system solutions that leverage API-driven interoperability strategies. This makes it easier for new technologies, third-party apps, and other institutional systems to interact with one another seamlessly, creating a more cohesive and effective environment. All of these elements are anticipated to fuel market segment expansion.
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By Services
Professional Services
Integration and Implementation
Support and Maintenance
Consulting Services
Managed Services
By 2030, the professional services sectorwhich had a market share of about 60% in 2022is anticipated to rule the market. The use of strategic technology consulting in higher education professional services is growing in popularity. Institutions seek expert guidance on the adoption and integration of emerging technologies, including cybersecurity solutions, data analytics, and artificial intelligence. Professional services also offer skills in curriculum design and customized learning, which is propelling market expansion. Consultants support academic institutions in creating customized, adaptable learning programs that align with industry demands and prioritize competency-based education.
By Deployment
Cloud
On-premise
By 2030, the on-premise sectorwhich had a market share of more than 55% in 2022is anticipated to rule the market. Growing worries about privacy laws and data sovereignty are to blame for the segment's expansion. To have more control over their security architecturewhich consists of firewalls, access controls, and encryption methodsmany organizations opt for on-premise solutions. With on-premise deployments, institutions have more control over the auditing and regulatory compliance procedures. For universities that have to adhere to strict legal frameworks in areas like research, finance, and student data management, this is especially important.
By Learning Mode
Online Learning
Offline Learning
By 2030, the offline learning segmentwhich had a market share of about 55% in 2022is anticipated to rule the market. Students' engagement in culture and society is facilitated by offline learning. Institutions are emphasizing the importance of the campus environment in fostering a sense of belonging, cultural diversity, and social engagement. Establishing centers for the development of practical skills is made easier by offline learning. In order to guarantee that students receive practical training in domains like healthcare, engineering, and vocational studies, establishments are building specialized facilities equipped with industry-standard resources. The offline learning segment is predicted to grow as a result of all these factors.
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By Vertical
-Public
State Universities
Government Colleges
Others
-Private
Private Colleges
Community Colleges
Others
By 2030, the private sectorwhich had a market share of about 61% in 2022is anticipated to rule the market. The needs of business are becoming more and more integrated into the academic programs offered by private universities. This include collaborating with employers, performing recurring assessments of skill gaps, and updating curricula to guarantee graduates possess knowledge and abilities that are applicable to the evolving job market. Private educational establishments are utilizing technology to offer customized learning pathways. To increase student engagement and success rates, educational experiences are being personalized for each individual student through the use of artificial intelligence, data analytics, and adaptive learning systems. Over the course of the projection period, the scenario is probably going to influence how private institutions adopt higher education.
By Company
Blackboard Inc.
Coursera Inc.
Dell Technologies Inc.
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