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

Global Higher Education Technology Market Insights Forecasts to 2033

• The Global Higher Education Technology Market Size Was Estimated at USD 42.94 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 18.87% from 2023 to 2033
• The Worldwide Higher Education Technology Market Size is Expected to Reach USD 241.94 Billion by 2033
• Asia Pacific is expected to grow the fastest during the forecast period.

The Global Higher Education Technology Market Size is anticipated to exceed USD 241.94 Billion by 2033, growing at a CAGR of 18.87% from 2023 to 2033. The market growth is rising due to the shift toward personalized, competency-based education, and increased government funding is driving strong growth in the higher education technology market. These factors are enhancing learning outcomes and fostering innovation across institutions.

Market Overview  

The higher education technology market refers to the philosophy and practice of using media and technologies to improve learning. It includes a broad spectrum of digital technologies that enhance teaching, enhance the delivery of training, and personalize student learning, including virtual reality, artificial intelligence, gamification, and online learning platforms. Fundamentally, the goal of educational technology is to increase student engagement, effectiveness, and accessibility. It is administered by qualified teachers and directed by pedagogical objectives.

In higher education institutions, the Central Government of India still places a significant priority on infrastructure development and innovation. Under the General Development Assistance program, funding is given to universities and colleges to modernize their facilities through the University Grants Commission (UGC). Furthermore, the goal of UGC programs like Basic Science Research, CPEPA, SAP, and UPE is to promote research and excellence.

The Innovation Cell (MIC) of the Ministry of Education seeks to systematically encourage entrepreneurship and innovation in Indian schools and Higher Education Institutions (HEIs). MIC has grown to be a vital component of India's educational innovation ecosystem, functioning under four main pillars: Policy Intervention, Handholding, Impact Assessment, and Facilitating Global Platforms.

Through the creation of offshore US university campuses in India, new joint degree programs, and student mobility frameworks, the US and India have pledged to strengthen their cooperation in higher education and research. The goal of the INDUS Innovation Bridge launch is to strengthen collaborations in cutting-edge industries such as tech innovation, energy, and space.

Higher education is undergoing significant change as a result of digital advances. Massive Open Online Courses, or MOOCs, make learning more accessible by offering free, worldwide access to top-notch courses from prestigious universities. Digital educational resource engines improve accessibility and cooperation by providing large, searchable libraries of scholarly information. Students can verify their understanding in real time with self-assessment technologies like Votar, which encourage interactive learning. Students can safely and effectively practice real-life clinical settings in the medical industry by using computer simulations. Finally, digital diplomas are protected by blockchain-based credentialing, which makes verification easier for both employers and institutions and stops fraud.

The rising use of higher education technologies and the increasing government innovation towards higher education technologies, expansion of the market growth.

Report Coverage

This research report categorizes the higher education technology market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the higher education technology market. Recent market developments and competitive strategies such as expansion, Type of Software launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the higher education technology market.

Driving Factors

The higher education technology market is experiencing rapid growth, driven by the move toward individualized learning strategies and competency-based education. Institutions are using technology more and more to customize learning experiences for each student, improving results and engagement. Innovation and institutional development are still supported by government funding for operations, infrastructure, and research. Cloud-based campus management systems provide better data access, flexibility, and teamwork. By digitally replicating conventional learning environments, online learning platforms are improving inclusivity and interactivity. These developments are changing how education is administered and delivered. To satisfy the many educational needs of a global student body, the changing digital landscape is expected to be extremely important.

Restraining Factors

The market growth is hindered by the widespread use of cutting-edge educational tools. Affordability becomes a major issue as educational institutions transfer financial obligations to students by raising tuition costs. Lower enrolment rates could result from this stress on students. Therefore, it is anticipated that these obstacles would limit the expansion of the market for technology in higher education.

Market Segmentation

The global higher education technology market is classified into components, learning modes, and end users.

• 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 campus networks are being modernized by universities as a result of the rise in online learning and digital transformation. Learning is being improved by investments in reliable infrastructure and fast connectivity. Furthermore, sophisticated research activities are being supported by high-performance computing systems. It is projected that these advancements will support the hardware segment's expansion in the market for higher education.

• 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 offline learning has a significant role in establishing cultural connection, community building, and social engagement among students. Through hands-on training in specialized, well-equipped facilities, it facilitates the development of practical skills. This method works especially well in fields like engineering, healthcare, and vocational studies. All of these elements work together to support the offline learning segment's ongoing expansion.

• 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 state institutions must consider their conventional views on time, place, and quality. Innovation, responsiveness, and adaptation are some of the models that will be added to the long-standing traditional models of higher education in the upcoming years. Therefore, to remain competitive, state universities must implement higher education solutions.

Regional Segment Analysis of the Higher Education Technology Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the higher education technology market over the predicted timeframe.

North America is anticipated to hold the largest share of the higher education technology market over the predicted timeframe. The regional growth can be attributed to the increasing adoption of adaptive learning technologies in North American educational institutions is responsible for the expansion of North American global higher education. By meeting the needs of individual students and utilizing data analytics and artificial intelligence to improve engagement and results, these technologies personalize the educational process. Additionally, North American universities are spending money on improvements in online learning delivery. This includes using VR, AR, and interactive simulations to create captivating and immersive online learning environments.

Asia Pacific is expected to grow at the fastest CAGR of the higher education technology market during the forecast period. In these regions, the transnational education projects are proliferating in the Asia Pacific region, strengthening international cooperation in higher education. Collaborations such as the dual degree program between RU and ANU are prime examples of the expanding trend of international educational opportunities. Students who participate in these programs gain dual certifications and exposure to other countries. Global integration and the advancement of education in the area are greatly aided by such initiatives.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the higher education technology market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Developments

• In July 2020, Blackboard, Inc. launched a data-driven, scalable, and proactive student retention system that allows institutions to provide tailored coaching and early student assistance.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the 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 Analysis

• 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