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.
— Custom Higher Education Market:
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.
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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:
Xerox Holdings Corporation
Verizon Communication Inc.
Educomp Solutions Ltd.
International Business Machines Corporation
Cisco Systems, Inc.
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:
Data security and Compliance
Student and curriculum
Content and Collaboration
By Hardware Device:
Interactive White boards
Consulting and Advisory
Training & support
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
Value-Added Resellers (VARs)
Third-party knowledge providers
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