Global Higher Education Technology Market Size To Exceed USD 241.94 Billion By 2033 | CAGR of 18.87%
Category: Information & TechnologyGlobal Higher Education Technology Market Size To Exceed USD 241.94 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Higher Education Technology Market is Expected to Grow from USD 42.94 Billion in 2023 to USD 241.94 Billion by 2033, at a CAGR of 18.87% during the forecast period 2023-2033.
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Browse key industry insights spread across 230 pages with 102 Market data tables and figures & charts from the report on the "Global Higher Education Technology Market Size, Share, and COVID-19 Impact Analysis, By Component (Hardware, Solution, and Services), By Learning Mode (Offline Learning, and Online Learning), By End-user (Private Colleges, Community Colleges, and State Universities), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/higher-education-technology-market
The higher education technology market refers to the idea and method of enhancing learning via the use of media and technology. It encompasses a wide range of digital tools, such as virtual reality, artificial intelligence, gamification, and online learning platforms, that improve instruction, improve training delivery, and customize student learning. At its core, educational technology aims to improve accessibility, efficacy, and student involvement. It is guided by pedagogical goals and taught by certified educators. The market growth is driven by the improved engagement and results, Educational institutions are increasingly utilizing technology to personalize learning experiences for every student. Government funding for operations, infrastructure, and research continues to encourage innovation and institutional development. Campus management solutions that run in the cloud offer improved teamwork, flexibility, and data access. Online learning platforms are enhancing inclusivity and interactivity by digitally recreating traditional learning environments. However, the market growth is hindered by the educational institutions' shift of financial responsibilities to students by increasing tuition fees, affordability becomes a significant concern.
The hardware segment accounted for the largest share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period.
Based on the component, the higher education technology market is categorized into hardware, solution, and services. Among these, the hardware segment accounted for the largest share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period. The segmental growth can be attributed to the online learning and digital transformation gain traction, colleges are modernizing their campus networks. Investments in dependable infrastructure and quick connectivity are improving learning. Moreover, high-performance computing systems are supporting advanced research activities. These developments are expected to help the hardware segment grow in the higher education industry.
The offline learning segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period.
Based on the learning mode, the higher education technology market is categorized into offline learning and online learning. Among these, the offline learning segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period. The segmental growth can be attributed to the students' social involvement, community formation, and cultural connections are greatly aided by offline learning. It promotes the development of practical skills through practical training in specialized, well-equipped facilities. This approach is particularly effective in domains such as vocational studies, engineering, and healthcare. Together, these components facilitate the continued growth of the offline learning market.
The state universities segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period.
Based on the end user, the higher education technology market is categorized into private colleges, community colleges, and state universities. Among these, the state universities segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period. The segmental growth can be attributed to the traditional perspectives on time, place, and quality that must be considered by the state institutions. In the future years, new models of higher education will be introduced to the established traditional models, including those that emphasize innovation, responsiveness, and adaptation. State universities must thus adopt higher education solutions to stay competitive.
North America is anticipated to hold the largest share of the global higher education technology market over the projected timeframe.
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North America is anticipated to hold the largest share of the global higher education technology market over the projected timeframe. The region's growth is attributed to the growing use of adaptive learning technologies in North American educational institutions. These technologies customize the educational process by catering to the requirements of individual students and leveraging data analytics and artificial intelligence to enhance engagement and outcomes. Universities in North America are also investing funds to enhance the delivery of online education. This includes developing engaging and immersive online learning environments through the use of VR, AR, and interactive simulations.
Asia Pacific is estimated to grow at the fastest CAGR of the global higher education technology market during the forecast period. In these regions, international cooperation in higher education is being strengthened by the proliferation of transnational education projects in the Asia Pacific area. Partnerships like RU and ANU's dual degree program are excellent illustrations of the growing trend of global educational options. Participants in these programs receive dual certificates and international exposure. Such efforts play an important role in promoting global integration and the development of education in the region.
Major vendors in the global higher education technology market are Blackboard Inc., VMWare, BYJU’S, University of Oxford, California Institute of Technology, University of Cambridge, CIVITAS LEARNING, Stanford University, Coursera Inc., SAP SE, Dell Inc., Oracle, Harvard University, Massachusetts Institute of Technology, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In June 2020, SAP announced that the SAP Learning Hub student version is now available. The improved version was released in collaboration with the SAP University Alliances and SAP Next-Gen programs. The improved SAP Learning Hub will aid SAP in increasing its partnerships with universities and research groups.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global higher education technology market based on the below-mentioned segments:
Global Higher Education Technology Market, By Component
- Hardware
- Solution
- Services
Global Higher Education Technology Market, By Learning Mode
- Offline Learning
- Online Learning
Global Higher Education Technology Market, By End-user
- Private Colleges
- Community Colleges
- State Universities
Global Higher Education Technology Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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