Dublin, Feb. 16, 2022 (GLOBE NEWSWIRE) -- The "Cloud Computing in Higher Education Market" report has been added to ResearchAndMarkets.com's offering.
The global Cloud Computing in Higher Education market held a market value of USD 2,182.4 Million in 2020 and is forecasted to reach USD 8,779.1 Million by the year 2027. The market is anticipated to register a CAGR of 22% over the projected period.
Cloud computing in higher education assists teachers, administrators, and students in their education related activities. It helps teachers for uploading learning materials, students to access their homeworks, and administrators to easily collaborate with each other and save money on data storage. Increasing adoption of SaaS based cloud platforms in higher education and growing adoption of e-learning is anticipated to boost the market growth. Furthermore, rising IT spending on cloud infrastructure in education coupled with increasing application of quantum computing in education sector is also expected to fuel the market growth.
Despite the driving factors, cybersecurity and data protection risks are estimated to restrain the market growth. Also, lack of compliance to the SLA and legal & jurisdiction issue is estimated to negatively hamper the market growth. Furthermore, rigid design of cloud-based systems is also expected to hinder the market growth during the forecast period.
Growth Influencers:
Increasing adoption of SaaS based cloud platforms in higher education
Adoption of SaaS based cloud platforms have increased in many industries. In the higher education sector, adoption of these platforms increased rapidly during the COVID-19 pandemic. This is because the transition to virtual learning has driven many institutions for reevaluate the longevity of their technology stack. Furthermore, various advantages associated with SaaS based platform are expected to boost the market growth. These benefits include fewer IT demands & constraints on capacity, greater flexibility to meet needs, enhanced collaboration, less down time, data recovery, enhanced security, and predictable monthly expenses. Therefore, increasing adoption of SaaS based cloud platforms in higher education is estimated to fuel the market growth.
Regional Overview:
Based on region, the global Cloud Computing in Higher Education market is divided into Europe, North America, Asia, Middle East, Africa, and South America.
The North America region is expected to hold the largest market share of around 29% owing to the rising adoption of technologically advanced products in the U.S. and Canada. The Asia Pacific region is anticipated to witness the fastest growth rate of around 26.6% owing to growing awareness regarding cloud computing technologies in the region.
Competitive Landscape:
Key players operating in the global Cloud Computing in Higher Education market include Adobe Systems, Inc., Alibaba Group, Cisco Systems, Inc., International Business Machines (IBM) Corporation, Netapp, Oracle Corporation, NEC Corporation, Microsoft Corporation, VMware, Inc., Amazon Web Services, Inc., Ellucian Company L.P., Dell EMC, Salesforce.com, SAP, and Blackboard, among others.
The approximate market share of the top 4 players is near about 61%. These market players are engaged in mergers & acquisitions, collaborations, and new product launches to strengthen their market presence. For instance, in August 2021, Oracle was appointed by the Ministry of Electronics and Information Technology, Government of India (MeitY) for providing empanelled cloud infrastructure solutions.
The global Cloud Computing in Higher Education market report provides insights on the below pointers:
- Market Penetration: Provides comprehensive information on the market offered by the prominent players
- Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
- Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Cloud Computing in Higher Education market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
- Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The global Cloud Computing in Higher Education market report answers questions such as:
- What is the market size and forecast of the Global Cloud Computing in Higher Education Market?
- What are the inhibiting factors and impact of COVID-19 on the Global Cloud Computing in Higher Education Market during the assessment period?
- Which are the products/segments/applications/areas to invest in over the assessment period in the Global Cloud Computing in Higher Education Market?
- What is the competitive strategic window for opportunities in the Global Cloud Computing in Higher Education Market?
- What are the technology trends and regulatory frameworks in the Global Cloud Computing in Higher Education Market?
- What is the market share of the leading players in the Global Cloud Computing in Higher Education Market?
- What modes and strategic moves are considered favorable for entering the Global Cloud Computing in Higher Education Market?
Key Topics Covered:
Chapter 1. Research Framework
Chapter 2. Research Methodology
Chapter 3. Executive Summary: Global Cloud Computing in Higher Education Market
Chapter 4. Global Cloud Computing in Higher Education Market Overview
4.1. Industry Value Chain Analysis
4.1.1. Software Developers
4.1.2. Technology Integrators
4.1.3. Service Providers/Owners
4.1.4. End-User
4.2. Technology Lifecycle
4.2.1. Early Adopters & Pioneers use cases
4.2.2. Digital Transformation Trend and Impact of Market Growth
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of Substitutes
4.3.4. Threat of New Entrants
4.3.5. Degree of Competition
4.4. PEST Analysis
4.5. Market Dynamics and Trends
4.5.1. Growth Drivers
4.5.2. Restraints
4.5.3. Challenges
4.5.4. Key Trends
4.6. Competition Dashboard
4.6.1. Market Concentration Rate
4.6.2. Company Market Share Analysis (%), 2020
4.6.3. Competitor Mapping
4.7. Pricing Analysis
Chapter 5. Cloud Computing in Higher Education Market Analysis, By Institute Type
5.1. Key Insights
5.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
5.2.1. Universities
5.2.2. Technical Schools
5.2.3. Ivy League Schools (Universities)
5.2.4. Community Colleges & Others
Chapter 6. Cloud Computing in Higher Education Market Analysis, By Ownership
6.1. Key Insights
6.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
6.2.1. Public Institutes
6.2.2. Private Institutes
6.2.3. Corporate Learning
Chapter 7. Cloud Computing in Higher Education Market Analysis, By Application
7.1. Key Insights
7.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
7.2.1. Administration
7.2.1.1. Payments
7.2.1.2. Calendar (Scheduling & Planning)
7.2.1.3. Identity and Access Management
7.2.2. Content/Document Storage & Management
7.2.3. Unified Communication (Email, video conferencing/seminars)
7.2.4. Others
Chapter 8. Cloud Computing in Higher Education Market Analysis, By Deployment
8.1. Key Insights
8.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)
8.2.1. Private Cloud
8.2.2. Public Cloud
8.2.3. Hybrid Cloud
8.2.4. Community Cloud
Chapter 9. Global Cloud Computing in Higher Education Market Analysis, By Geography
Chapter 10. North America Cloud Computing in Higher Education Market Analysis
10.1. Key Insights
10.2. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Institute Type
10.3. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Application
10.4. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Ownership
10.5. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Deployment
10.6. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Country
Chapter 11 Europe Cloud Computing in Higher Education Market Analysis
11.1 Key Insights
11.2. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Institute Type
11.3. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Application
11.4. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Ownership
11.5. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Deployment
11.6. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Country
Chapter 12 Asia Pacific Cloud Computing in Higher Education Market Analysis
12.1 Key Insights
12.2. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Institute Type
12.3. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Application
12.4. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Ownership
12.5. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Deployment
12.6. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Country
Chapter 13 South America Cloud Computing in Higher Education Market Analysis
13.1 Key Insights
13.2. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Institute Type
13.3. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Application
13.4. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Ownership
13.5. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Deployment
13.6. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Country
Chapter 14 Middle East Cloud Computing in Higher Education Market Analysis
14.1 Key Insights
14.2. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Institute Type
14.3. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Application
14.4. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Ownership
14.5. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Deployment
14.6. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Country
Chapter 15 Africa Cloud Computing in Higher Education Market Analysis
15.1. Key Insights
15.2. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Institute Type
15.3. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Application
15.4. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Ownership
15.5. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Deployment
15.6. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Country
Chapter 16. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook) *
16.1. Adobe Systems, Inc.
16.2. Alibaba Group
16.3. Cisco Systems, Inc.
16.4. International Business Machines (IBM) Corporation
16.5. Netapp
16.6. Oracle Corporation
16.7. NEC Corporation
16.8. Microsoft Corporation
16.9. VMware, Inc.
16.10. Amazon Web Services, Inc.
16.11. Ellucian Company L.P.
16.12. Dell EMC
16.13. Salesforce.com
16.14. SAP
16.15. Blackboard
For more information about this report visit https://www.researchandmarkets.com/r/4zuj2a
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