Higher Education Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Higher Education Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A5588
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Market Overview:

The global higher education market size reached US$ 20.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 61.1 Billion by 2028, exhibiting a growth rate (CAGR) of 20.2% during 2023-2028.

Higher education refers to the final stage of formal learning occurring after the completion of secondary education. It consists of all training, post-secondary education, and research guidance at educational establishments that are authorized as institutions of higher education by state authorities. Higher education is provided in a variety of educational institutions, including colleges, seminaries, universities, academies, and at certain college-level institutions, such as trade schools, vocational schools, and other degree-granting institutions. It also includes activities on research, teaching and social services that assist in personal development, career specialization and preparation, social recognition, identifying new skills, improving self-esteem and self-confidence, and developing critical thinking.

Global Higher Education Market Report

Higher Education Market Trends:

The increasing number of student enrolments across the globe is creating a positive outlook for the market. In line with this, enterprises and organizations are constantly preferring to hire individuals with specialized higher education degrees that can help them to adapt to rapidly changing technological advancements. Additionally, the increasing demand for higher education due to the advent of globalization and the rising number of students traveling internationally for education purposes is favoring the market growth. Apart from this, the integration of artificial intelligence (AI) and the Internet of Things (IoT) in higher education systems to automate personalized adaptive learning, increase language affinity learning ability, and improve learning pace, are providing an impetus to the market growth. Moreover, the emergence of collaborative and e-learning solutions due to the availability of high-speed internet connectivity and personal computing devices is positively impacting the market growth. Other factors, including rapid digitization in the education sector, rising expenditure capacities of consumers, and the implementation of various government initiatives offering scholarship programs, are anticipated to drive the market toward growth.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global higher education market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment mode, course type, learning type and end user.

Breakup by Component:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Solutions
    • Student Information Management System
    • Content Collaboration
    • Data Security and Compliance
    • Campus Management
    • Others
  • Services
    • Managed Services
    • Professional Services
       

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based
     

Breakup by Course Type:

  • Arts
  • Economics
  • Engineering
  • Law
  • Science
  • Others
     

Breakup by Learning Type:

  • Online
  • Offline
     

Breakup by End User:

  • State Universities
  • Community Colleges
  • Private Colleges
     

Breakup by Region:

 

 
 

 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Anthology Inc., Blackbaud Inc., Cisco Systems Inc., Dell Technologies Inc., Ellucian Company L.P., Instructure Inc., Oracle Corporation, Pearson plc, SAP SE, ServiceNow Inc., Verizon Communications Inc., VMware Inc. and Xerox Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Component, Deployment Mode, Course Type, Learning Type, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Anthology Inc., Blackbaud Inc., Cisco Systems Inc., Dell Technologies Inc., Ellucian Company L.P., Instructure Inc., Oracle Corporation, Pearson plc, SAP SE, ServiceNow Inc., Verizon Communications Inc., VMware Inc. and Xerox Corporation.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

We expect the global higher education market to exhibit a CAGR of 20.2% during 2023-2028.

The growing integration of AI and IoT technologies with higher education systems to automate personalized adaptive learning, increase language affinity learning ability, and improve learning pace, is primarily driving the global higher education market.

The sudden outbreak of the COVID-19 pandemic has led to the rising deployment of e-learning solutions for higher education classes to upgrade their knowledge and skills, during the lockdown scenario across several nations.

Based on the component, the global higher education market can be segmented into solutions and services. Currently, solutions hold the majority of the total market share.

Based on the deployment mode, the global higher education market has been divided into on-premises and cloud-based, where cloud-based currently exhibits a clear dominance in the market.

Based on the course type, the global higher education market can be categorized into arts, economics, engineering, law, science, and others. Among these, arts account for the majority of the global market share.

Based on the learning type, the global higher education market has been segregated into online and offline, where offline currently holds the largest market share.

Based on the end user, the global higher education market can be bifurcated into state universities, community colleges, and private colleges. Currently, state universities exhibit a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global higher education market include Anthology Inc., Blackbaud Inc., Cisco Systems Inc., Dell Technologies Inc., Ellucian Company L.P., Instructure Inc., Oracle Corporation, Pearson plc, SAP SE, ServiceNow Inc., Verizon Communications Inc., VMware Inc., and Xerox Corporation.

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Higher Education Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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