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Cloud Computing in Higher Education Market 2022 New Innovations, Technologies, Trends and Future Growth Prospects to 2030 – Instant Interview

The recent research report published by Report Ocean provides insight into the Cloud Computing in Higher Education Market. According to this published competitive intelligence analysis, the global market Cloud Computing in Higher Education The market is predicted to witness a promising rise in annual revenue (USD in Mn) in 2021. A comprehensive overview and insights into possible future scenarios for the global market are provided in this study.

The report provides an in-depth study of this market, considering current events, trend projections, planned company openings, and data-driven forecast (2022-2030). This research offers a more comprehensive perspective of market dynamics by focusing on product and geographic interpretations. In addition to examining the importance of this area, the study supports market expectations.

Important data on the current and forecasted revenue of the major international players in the industry, as well as the goods they provide under the Cloud Computing in Higher Education landscape, will also be included in our in-depth analysis. The report provides an easy-to-understand breakdown of competitive frameworks such as Porter’s Five Forces analysis, SWOT analysis, and PESTLE analysis to provide a deeper understanding of the many aspects that support the research findings.

The in-depth analysis of this detailed report will provide supply, demand and production data for all facets of the industry. This global report on Cloud Computing in Higher Education includes regions such as Asia-Pacific, Europe, Middle East, Africa, North America and South America.

Global Cloud Computing in Higher Education Market held a market value of USD 2,182.4 Million in 2020 and is projected to reach USD 8,779.1 Million by 2027. The market is expected to register a CAGR of 22% over the period projected.

Cloud computing in higher education helps teachers, administrators, and students in their education-related activities. It helps teachers upload learning materials, students access their assignments, and administrators easily collaborate with each other and save money on data storage. Growing adoption of SaaS-based cloud platforms in higher education and growing adoption of e-learning are expected to drive the market growth. Furthermore, rising IT spending on cloud infrastructure in education coupled with growing application of quantum computing in the education sector is also expected to fuel the growth of the market.

Despite the driving factors, cybersecurity and data protection risks are believed to be restraining the market growth. Furthermore, non-compliance with the SLA and legal and jurisdictional issues would negatively hamper the growth of the market. Additionally, the rigid design of cloud-based systems is also expected to hamper the market growth over the forecast period.

Growth Influencers:
Growing adoption of SaaS-based cloud platforms in higher education
The adoption of SaaS-based cloud platforms has increased across many industries. In the higher education sector, adoption of these platforms has increased rapidly during the COVID-19 pandemic. Indeed, the shift to virtual learning has caused many institutions to reassess the longevity of their technology stack. Additionally, various advantages associated with the SaaS-based platform are expected to boost the market growth. These benefits include fewer IT demands and capacity constraints, greater flexibility to meet needs, improved collaboration, less downtime, data recovery, enhanced security, and predictable monthly expenses. Hence, the increasing adoption of SaaS-based cloud platforms in higher education is estimated to fuel the growth of the market.

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Presentation of the segments:
The global higher education cloud computing market is segmented into institute type, application, ownership, and deployment.

By type of institute,
The universities
technical school
Ivy League Schools (Universities)
Community colleges
The technical school segment is expected to grow at the fastest rate of more than 23% due to the growing demand for cloud computing in technical schools. The community college segment is expected to hold a market share of around 16% in 2020.

By application,
Administration
Payments
o Calendar (scheduling and planning)
o Identity access management
Content/document storage and management
Unified Communication (Email, videoconference/seminars)
Others
The administration segment is estimated to hold the largest market share of around 44% owing to the extensive use of cloud computing for administrative purposes such as payments and scheduling, among others. Within this framework, the calendar sub-segment is expected to surpass a value of USD 287 million by 2025. The content/document storage and management segment is expected to witness the fastest growth rate of around 23.5 % due to the use of cloud computing services for storage purposes. .

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By property,

Public institutes
Private institutes
The private institute segment is expected to hold the largest market share owing to the increase in private institute funding for the adoption of cloud computing services. The public institutes segment is expected to grow at the fastest rate owing to the growing government initiatives to install cloud-based education systems in the public institutes.

Per deployment,
Private cloud
public cloud
hybrid cloud
Community cloud
The hybrid cloud segment held the largest market share as it allows educational institutions to deploy a system or application using more than one type of deployment model. The private cloud segment is expected to experience the fastest growth and cross a market value of $900 million by 2023.

Regional overview

Based on region, the global higher education cloud computing 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 increasing adoption of technologically advanced products in the United States and Canada. The Asia-Pacific region is expected to witness the fastest growth rate of around 26.6% due to the growing awareness of cloud computing technologies in the region.

Competitive landscape

The major players operating in the global Cloud Computing in Higher Education market are 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 LP, Dell EMC, Salesforce.com, SAP, and Blackboard, among others.

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The approximate market share of the top 4 players is close to around 61%. These market players are engaged in mergers and acquisitions, collaborations, and new product launches to boost their presence in the market. For example, in August 2021, Oracle was appointed by the Government of India’s Ministry of Electronics and Information Technology (MeitY) to provide integrated cloud infrastructure solutions.

The Global Cloud Computing in Higher Education Market report provides insights into the pointers below:

Market Penetration: Provides comprehensive market insights offered by major players
Market Development: The report offers detailed information on lucrative emerging markets and analyzes penetration in mature segments of the markets.
Market Diversification: Provides detailed information on untapped geographies, recent developments and investments
Competitive Landscape Assessment: Mergers and acquisitions, certifications, product launches in the global higher education cloud computing market have been provided in this research report. In addition, the report also emphasizes on the SWOT analysis of key players.
Product Development and Innovation: The report provides smart insights into 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?
What are the products/segments/applications/areas to invest in during the assessment period in the Global Higher Education Cloud Computing Market?
What is the competitive strategic window for opportunities in the Global Higher Education Cloud Computing Market?
What are the technology trends and regulatory frameworks in the global higher education cloud computing market?
What is the market share of the major players in the global higher education cloud computing market?
What modes and strategic moves are considered favorable for entering the global higher education cloud computing market?

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