Higher Education Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Higher Education Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Higher Education Technology Market

The higher education technology market size was valued at USD 77.66 billion in 2020, and the market is now projected to grow from USD 85.43 billion in 2021 to USD 169.72 billion by 2028, exhibiting a CAGR of 10.3% during the forecast period of 2021-2028.

The COVID-19 pandemic has temporarily closed down maximum educational institutions through the world. Students have been affected worldwide, as tertiary education institutions and universities have temporarily closed down in 170 countries and groups. Traditional education learning system’s methods have rapidly moved to virtual, distance, and combined learning systems through distant learning stages.

Virtual learning has started to achieve much pace in the higher education segment. The accessibility of high-speed internet, growing usage of private computing devices, and governments’ inventiveness towards digital learning are the crucial reasons responsible for motivating the popularity of online learning platforms.

Over the former ten years, education-technology (EdTech) contracts have exploded in value and number, getting nearly 300 transactions by 2020. The number of venture capital (VC) investing in EdTech firms is growing intensely. Noticeable companies are financing in many educational technologies to progress the education system. Thus, rising capital for renovating the education system will motivate progressive higher education technology market growth.

Comprehensive Analysis of Higher Education Technology Market

The market can be segmented in various ways, depending on the focus of analysis such as by components, by learning mode and by end user. Based on components, the market has been classified into hardware, solutions, and services. Based on the learning mode, the market is segmented into offline learning and online learning. Based on the end user, the market is segmented into private colleges, community colleges, and state universities.

North America region is dominating the higher education technology market share due to substantial spending on the education segment.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Oracle Corporation (California, United States), Astera Software (California, United States), Dell Inc. (Texas, United States),VMware, Inc. (California, United States), CDW LLC. (Lincolnshire, Illinois), ServiceNow, Inc. (California, United States), Unifyed (Chicago, Illinois.), Cisco Systems, Inc. (California, United States), Verizon (New York, United States), Blackboard Inc. (Washington, D.C., United States) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In February 2020, Degreed partnered with LearnUpon to provide updated learning and improvement solutions and learning management systems. Under this partnership, Degreed can benefit its customers to update their vendor management and technology investments.

Segmentation Table

ATTRIBUTE

DETAILS

Study Period

2017-2028

Base Year

2020

Estimated Year

2021

Forecast Period

2021-2028

Historical Period

2017-2019

Unit

Value (USD Billion)

Segmentation

Component; Learning Model; End User; and Geography

By Component

Hardware

• PCs/Laptops
• Tablets/ Smartphones
• Projectors
• Interactive White Boards
• Printers
• Others

Solutions

• Student Information System
• Learning Management System
• Student Response System
• Campus Management
• Performance Management
• Others (Content and Collaboration, Data Security and Compliances, etc.)

Services

• Consulting and Advisory
• Implementation
• Training and Support

By Learning Mode

Offline Learning

Online Learning

By End-user

Private Colleges

Community Colleges

State Universities

By Region

North America (By Component, Learning Mode, End User, and Country)

• The U.S. (By End User)
• Canada (By End User)
• Mexico (By End User)

South America (By Component, Learning Mode, End User, and Country)

• Brazil (By End User)
• Argentina (By End User)
• Rest of South Africa

Europe (By Component, Learning Mode, End User, and Country)

• The U.K. (By End User)
• Germany (By End User)
• France (By End User)
• Italy (By End User)
• Spain (By End User)
• Russia (By End User)
• Benelux (By End User)
• Nordics (By End User)
• Rest of Europe

The Middle East & Africa (By Component, Learning Mode, End User, and Country)

• Turkey (By End User)
• Israel (By End User)
• GCC (By End User)
• North Africa (By End User)
• South Africa (By End User)
• Rest of the MEA

Asia Pacific (By Component, Learning Mode, End User, and Country)

China (By End User)

India (By End User)

Japan (By End User)

South Korea (By End User)

ASEAN (By End User)

Oceania (By End User)

Rest of Asia PacificPlease Note: It will take 5-6 business days to complete the report upon order confirmation.