According to the Astute Analytica study on the global Cloud Computing in Higher Education Market, the size of the market will increase from US$ 2,693.5 Million in 2021 to US$ 15,180.1 Million by 2030, registering a remarkable compound annual growth rate (CAGR) of 22% from 2022 to 2030.
The report’s segmentation section focuses on each category while also identifying those with the greatest influence on Cloud Computing in Higher Education Market. The segmentation provided the framework for locating businesses and assessing their financial health, product portfolios, and potential for future growth. In order to forecast the level of competition, the second step involved analyzing the core competencies and market shares of leading companies. To determine the size of the market as a whole, a bottom-up approach was adopted.
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On the basis of institute type, the technical schools are estimated to hold the highest market share in 2021 and is also expected to project the highest CAGR over the forecast period owing to increasing demand for cloud computing in technical schools. Moreover, based on ownership, private institutes segment is anticipated to hold the largest market share owing to increasing funding in private institutes for adoption of cloud computing services. Whereas, the public institutes segment is expected to grow at the highest CAGR over forecast period. Furthermore, in terms of application, administration application holds a major share in the cloud computing in higher education in 2021. Whereas, unified communication is expected to project the highest CAGR over the forecast period due to increasing trend of e-learning. In addition to this, by deployment, the hybrid cloud segment held the largest market share in 2021.
Market Dynamics and Trends
Drivers
The increasing adoption of SaaS based cloud platforms in higher education, increasing adoption of e-learning, increasing IT spending on cloud infrastructure in education and increasing application of quantum computing in education sector will boost the global cloud computing in higher education market during the forecast period. Software-as-a-Service (SaaS) is a type of delivery model of cloud computing. In the higher education sector, SaaS applications include hosting various management systems for educational institutes and managing other activities. Moreover, higher education industry witnesses an increased adoption of e-learning due to its easy accessibility and high effectiveness. Users such as drop-outs, transfer learners, full-time employees are increasingly relying on e-learning trainings and education to upgrade their skills. Furthermore, higher education institutes are rapidly moving towards cloud-based services to save an intensive IT infrastructure cost and boost efficiency of operations.
Restraints
Cybersecurity and data protection risks, lack of compliance to the SLA and legal and jurisdiction issues is a restraining factor which inhibits the growth of the market during the forecast period. Issues related to data privacy pose threats in interest to mitigation of higher education institutions to the cloud. There are federal regulations for higher education institutes along with state and local laws to manage information security in the education environment. Moreover, the level of complexity in the cloud is high, which usually complies with several service providers and thus makes it hard for users to make changes or intervene. Also, the cloud computing industry faces various legal and jurisdiction issues that can run into years due to regional laws.
Cloud Computing in Higher Education Market Country Wise Insights
North America Cloud Computing in Higher Education Market-
US holds the major share in terms of revenue in the North America cloud computing in higher education market in 2021 and is also projected to grow with the highest CAGR during the forecast period. Moreover, in terms of institute type, technical schools hold the largest market share in 2021.
Europe Cloud Computing in Higher Education Market-
Western Europe is expected to project the highest CAGR in the Europe cloud computing in higher education market during forecast period. Wherein, Germany held the major share in the Europe market in 2021 because there is high focus on innovations obtained from research & development and technology adoption in the region.
Asia Pacific Cloud Computing in Higher Education Market-
India is the highest share holder region in the Asia Pacific cloud computing in higher education market in 2021 and is expected to project the highest CAGR during the forecast period owing to potential growth opportunities, as end users such as schools and universities are turning toward cloud services in order to offer high quality services that help users to collaborate, share and track multiple versions of a document.
South America Cloud Computing in Higher Education Market-
Brazil is projected to grow with the highest CAGR in the South America cloud computing in higher education market over the forecast period. Furthermore, based on ownership, private institutes segment holds the major share in 2021 in the South America cloud computing in higher education market owing to increasing funding in private institutes for adoption of cloud computing services.
Middle East Cloud Computing in Higher Education Market-
Egypt is the highest share holder region in 2021 and UAE is projected to grow with the highest CAGR during the forecast period. Moreover, in terms of application, administration holds a major share in the cloud computing in higher education in 2021. Whereas, unified communication is expected to project the highest CAGR over the forecast period due to increasing trend of e-learning.
Africa Cloud Computing in Higher Education Market-
South Africa is the highest share holder region in the Africa cloud computing in higher education market in 2021. Furthermore, by deployment, the private cloud segment is expected to witness the highest CAGR during forecast period due to the security benefits provided by the private deployment of the cloud.
Competitive Insights
Global Cloud Computing in Higher Education Market is highly competitive in order to increase their presence in the marketplace. Some of the key players operating in the global cloud computing in higher education market include Dell EMC, Oracle Corporation, Adobe, Inc., Cisco Systems, Inc., NEC Corporation, Microsoft Corporation, IBM Corporation, Salesforce.com, Netapp, Ellucian Company L.P., Vmware, Inc and Alibaba Group among others.
Segmentation Overview
Global Cloud Computing in Higher Education Market is segmented based on institute type, ownership, application, deployment and region. The industry trends in the global cloud computing in higher education market are sub-divided into different categories in order to get a holistic view of the global marketplace.
Following are the different segments of the Global Cloud Computing in Higher Education Market:
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By Institute Type segment of the Global Cloud Computing in Higher Education Market is sub-segmented into:
- Universities
- Technical schools
- Ivy League Schools (Universities)
- Community Colleges
By Ownership segment of the Global Cloud Computing in Higher Education Market is sub-segmented into:
- Public Institutes
- Private Institutes
By Application segment of the Global Cloud Computing in Higher Education Market is sub-segmented into:
- Administration
– Payments
– Calendar (Scheduling & Planning)
– Identity Access Management - Content/ Document Storage & Management
- Unified Communication (Email, video conferencing/ seminars)
- Others
By Deployment segment of the Global Cloud Computing in Higher Education Market is sub-segmented into:
- Private Cloud
- Public Cloud
- Hybrid Cloud
- Community Cloud
By Region segment of the Global Cloud Computing in Higher Education Market is sub-segmented into:
North America
- The U.S.
- Canada
- Mexico
Europe
Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
South America
- Argentina
- Brazil
- Peru
- Chile
- Rest of South America
Middle East
- UAE
- Saudi Arabia
- Egypt
- Rest of Middle East
Africa
- South Africa
- Nigeria
- Morocco
- Tunisia
- Kenya
- Rest of Africa
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