Higher Education Market Growing At A CAGR Of 21.1% And To Target $35.8 Billion By 2025

A growing number of higher education enrollments, increasing use of advanced technologies and collaborations between enterprises and institutions are the major drivers for the growth of the market.

Huge demand for online education with nearly 1.7 billion learners unable to attend their educational institutes and are in need of online education to continue with the tuition for the current academic year 2020-21.

Industry experts forecast the adoption of eLearning technologies to gain traction during the COVID-19 outbreak and would gradually increase in the post-COVID-19 as well, to be prepared to tackle a similar lockdown situation in the future. 

The solutions included in the study are the student information management system, content collaboration, data security and compliance, campus management, and others. Higher education solutions are incorporated into business applications to enhance their capabilities. 

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These services entail in meeting customer needs and resolving their issues. They are focused on enhancing the service quality and end-user experience, along with gaining cost optimization and quality of service.

These colleges are usually smaller in size than government colleges and universities and have lesser student admission. But private colleges are expected to adopt higher education solutions and services at a higher rate during the forecast period.

The major players in the higher education market are Oracle (US), SAP (Germany), Dell Technologies (US), VMware (US), Xerox (US), ServiceNow (US), Unifyed (US), Ellucian (US), Hyland Software (US), Blackbaud (US), Cisco (US), Verizon (US), Blackboard (US), Civitas Learning (US), Remind (US), Instructure (US) and Anthology (US).