Custom Higher Education Market Size, Share, Growth, Trends | Key Players, Recent Developments, Type and Application, Market Dynamics, Expansion Plans, Revenue, Research Report

Kenneth Research, in its repository of market research reports, have recently added a report on Custom Higher Education Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Custom Higher Education Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Custom Higher Education Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

Global Custom Higher Education Market is valued approximately USD 65.48 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 8.1% over the forecast period 2020-2027. Higher education is also known as post-secondary education and tertiary education which is an optional final stage of formal learning occurring after the completion of secondary education. It is comprises of all post-secondary education, training and research guidance at education institutions which are authorized as institutions of higher education by state authorities. Also, it is originated at various educational institutes such as universities, academies, colleges, seminaries, and institutes of technology along with through certain college-level institutions, including vocational schools, trade schools, and other career colleges awarding degrees.

The global burden of COVID-19 results in lockdown of various economies that upsurge the demand for online and digital medium of learning mechanism to ensure propel social distancing among students. Therefore, the rapid growth in online education & technological innovation and advancement adopted in education sector across the globe is expected to drive the growth of market over the forecast years. For instance: As per the study of Shift Disruptive E-learning, e-learning requires 40-60% less employee time compared to the traditional classroom setting, 25-60% of increase in retention rates compared to classroom learning which is 8-10%. Also,

according to the World Education Services, the global e-learning market is expected to grow till USD 331 billion by 2025 with the rise in Massive Open online courses (MOOC) from 6850 in 2016 to 9400 in 2017 and According to the Holon IQ, the artificial intelligence based educational technology expenditure is on 2018 was USD 0.8 billion in 2018 and projected to USD 6.1 billion till 2025. In addition, rise in enrollment of students for higher education globally is also expected to propel the growth of market over the forecast years. However, huge cost incurred in opting higher education is expected to hamper the growth of market over the upcoming period.

The regional analysis of global Custom Higher Education market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the adoption of advanced technologies in higher education sector. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapid growth in enrollment of students for higher education across the region would create lucrative growth prospects for the Custom Higher Education market across Asia-Pacific region.

Major market player included in this report are:

Adobe Inc.
Xerox Holdings Corporation
Verizon Communication Inc.
Educomp Solutions Ltd.
International Business Machines Corporation
Cisco Systems, Inc.
Panasonic Corporation
Dell, Inc.
Oracle Corporation
Blackboard, Inc.

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Technology offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Software Solution:
Campus Technology
Data security and Compliance
Student and curriculum
Performance Management
Content and Collaboration
Other solutions

By Hardware Device:
Tablets
PCs
Projectors
Interactive White boards
Others

By Service:
Consulting and Advisory
Implementation
Training & support

By End-user:
Private College
Community college
State Universities

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

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Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Custom Higher Education Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

TABLE OF CONTENTS

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Higher Education Market, by Region, 2018-2027 (USD Billion)
1.2.2. Higher Education Market, by Software Solution, 2018-2027 (USD Billion)
1.2.3. Higher Education Market, by Hardware Devices, 2018-2027 (USD Billion)
1.2.4. Higher Education Market, by Service, 2018-2027 (USD Billion)
1.2.5. Higher Education Market, by End-User, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Higher Education Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Higher Education Market Dynamics
3.1. Higher Education Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Higher Education Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Higher Education Market, by Software Solution
5.1. Market Snapshot
5.2. Global Higher Education Market by Software Solution, Performance – Potential Analysis
5.3. Global Higher Education Market Estimates & Forecasts by Software Solution 2017-2027 (USD Billion)
5.4. Higher Education Market, Sub Segment Analysis
5.4.1. Campus Technology
5.4.2. Data security and Compliance
5.4.3. Student and curriculum
5.4.4. Performance Management
5.4.5. Content and Collaboration
5.4.6. Other solutions

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