Higher Education Industry - Statistics and Analysis 2023-2027
Higher education industry analysis report projects market size growth statistics and according to the research experts from Technavio, market will grow by USD 63,368.82 million by the year 2027. The higher education market has potential to grow at a CAGR of 14.49% during the forecast period 2023-2027. The growth momentum projected by the report will cause positive effect on the market and investors. And it also strengthens the vendors’ position in the higher education market.
Projected market growth is directly proportional to various factors such as growing number of new institutions for higher education, adoption of ways to deliver educational content and increasing internalization growth in higher education industry.
Technavio’s data and information analysis also stated some key findings related to market drivers such as emergence of notable changes in educational content delivery methods which further implies the higher education market growth. Although there are some market challenges also exist in the market such as increasing costs of higher education that may slow down the market growth.
A lot of vendors working in higher education industry, a few major ones are as Adobe Inc., Apple Inc., D2L Corp., Educomp Solutions Ltd., Ellucian Co. LP, Cisco Systems Inc., Fujitsu Ltd., Instructure Holdings Inc., Class Technologies Inc., Oracle Corp., Dell Technologies Inc., Jenzabar Inc., Microsoft Corp., , Advance HE, Pearson Plc, Promethean Ltd., Samsung Electronics Co. Ltd., SMART Technologies ULC, and Xerox Holdings Corp., International Business Machines Corp.
This precisely illustrated statistical data consists of various market information and analysis to get a better understanding of specific market requirement. Technavio, also has the market intelligence subscription platform having access to the 17,000+ market reports at customize plans and rates.