Global higher education cloud computing market to reach $15,180.1 million by 2030 – Astute Analytica
CHICAGO, USA, Oct. 31, 2022 /EINPresswire.com/ — The global higher education cloud computing market size was US$2,693.5 million in 2021, and is expected to reach 15,180 .1 million US$ by 2030. Global Cloud Computing in Higher Education Market will grow at a CAGR of 22% during the forecast period, i.e., 2022-2030.
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Cloud computing in higher education is gaining a vital place as educational institutions now rely more on technology. The growing era of ed-tech after the COVID-19 outbreak has transformed the global outlook for the education industry.
Cloud computing provides an online platform for educational institutions offering higher education. The platform is integrated with apps and subscription models to help teachers, administrators, and students. Teachers can download important study materials, including the syllabus and test schedules, and also access assignments, books, and more. The cloud computing segment is gaining popularity among high income groups.
In terms of institute type, technical schools are leading with the highest market share owing to growing demand for cloud computing, while on the basis of ownership, private institutes segment maintains a strong position with the highest market share due to high funding. paid by private institutes. Meanwhile, the public institute segment will show the highest CAGR for cloud computing in the higher education market. Based on application, admin application is leading with the highest market share, while unified communications segment will show CAGR during the forecast period, owing to the growing trend of online learning. In terms of deployment, the hybrid cloud segment maintains its dominance with the largest market share.
Market dynamics and trends
Global cloud computing in higher education is witnessing a tremendous acceleration in revenue size due to the growing adoption of SaaS-based cloud platforms, as well as the growing trend of e-learning. Moreover, the education sector is rapidly transforming with the increasing involvement of technology, which determines the scope of the market. The software-as-a-service (SaaS) model is gaining traction in education. The growing era of e-learning will further increase the reach of cloud computing in the higher education market, as e-learning allows easy access and high efficiency. Moreover, the fact that cloud-based services can deduct the costs associated with intensive IT infrastructure to some extent is further boosting its adoption in the education sector.
Cybersecurity and data protection risks are expected to complicate the growth of cloud computing in the higher education market. The market is facing challenges due to reasons such as non-compliance with the SLA and issues related to the legal framework. Various federal regulations have been issued by regulatory agencies to ensure information security in educational spaces.
Higher Education Cloud Computing Market: Regional Analysis
Western Europe to Record Highest CAGR in Europe Cloud Computing in Higher Education Market –
In Europe, cloud computing in the higher education market, Western Europe will show the highest CAGR, while Germany maintains its lead with the largest European market share. Cloud computing in Germany in the higher education market is leading due to the increasing adoption of innovations in research and development and the adoption of high technology.
In the North American higher education cloud computing market, the United States leads with the highest market share.
In the North America Cloud Computing Market in Higher Education Market, USA leads with the highest market share in 2021 and is expected to show the highest growth rate in during the analysis period. This regional cloud computing in higher education market is expected to face multiple opportunities owing to the highly advanced educational infrastructure in the region. Based on the type of institute, the technical school segment leads with the highest market share.
India leads the Asia-Pacific cloud computing market in higher education –
In the Asia-Pacific Cloud Computing Market in Higher Education Market, India leads with the highest market share and is expected to be opportunistic for the regional market as the country is home to a excellent number of end users, including schools, colleges and universities. Apart from this, the education sector in India is undergoing a significant transformation with the increasing integration of cloud services to provide high quality services to students and teachers.
Brazil to Record Highest CAGR in South American Higher Education Cloud Computing Market –
Brazil is expected to be opportunistic in the South America Higher Education cloud computing market as it will show the highest CAGR. Meanwhile, the private, ownership-based institute segment leads with the highest cloud computing market share in South America in the higher education market, as these institutes invest significant funds in technology to improve their infrastructure.
Egypt Leads the Middle East Cloud Computing Market in Higher Education –
In the Middle East cloud computing market in higher education, Egypt leads with the highest share, while the United Arab Emirates will show the highest growth rate. Based on applications, administration segment is leading with the highest market share, while unified communication, owing to the growing trend of e-learning, will show the highest growth rate. raised.
South Africa is a leader in the African market for cloud computing in higher education –
In the African higher education cloud computing market, South Africa leads with the highest market share, while on the basis of deployment, the private cloud segment will show the highest growth rate. high due to the security advantages offered by private deployment services.
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Some of the major industry players analyzed in the global higher education cloud computing market include Salesforce.com, NEC Corporation, Oracle Corporation, Adobe, Inc., Dell EMC, Microsoft Corporation, Cisco Systems, Inc., IBM Corporation, VMware, Inc., Alibaba Group and Netapp, Ellucian Company LP
Introduction to Segmentation
The global higher education cloud computing market is segmented on the basis of institute type, ownership, application, deployment, and region. Industry trends in the global cloud computing in higher education market are sub-divided into different categories to get a holistic view of the global market.
Here are the different segments of the global higher education cloud computing market:
By type of institute:
Ivy League Schools (Universities)
– Calendar (scheduling and planning)
– Identity access management
Content/document storage and management
Unified communication (email, videoconference/seminars)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia-Pacific
Rest of South America
United Arab Emirates
Rest of the Middle East
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