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Higher Education Market to Hit $2,367.51 Billion by 2027; Increasing Presence of Private Educational Institutions Worldwide to Fuel Growth: Fortune Business Insights(TM)

GlobeNewswire - Mon Jan 18, 2:12AM CST

The global higher education market is projected to reach USD 2,367.51 billion by 2027, exhibiting a CAGR of 10.2% during the forecast period. Sudden surge in the adoption of online learning platforms during the on-going COVID-19 pandemic will revolutionize the higher education sector, observes Fortune Business Insights(TM) in its report, titled "Higher Education Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Solutions, and Services), By Learning Mode (Offline Learning, Online Learning), By End User (Private Colleges, Community Colleges, and State Universities), and Regional Forecast, 2020-2027".

Click here to get the short-term and long-term impact of COVID-19 on this market.

Please visit: https://www.fortunebusinessinsights.com/higher-education-market-104503

The coronavirus pandemic forced universities and colleges across the globe to shift their teaching systems online, leading to unprecedented changes in the delivery of educational goods worldwide. For example, the MicroMasters course on Development Economics offered through the online learning platform edX by the Massachusetts Institute of Technology experienced a huge surge in demand as the university has priced the course on the basis of individual student income. Many large universities have also reduced their fees and are offering courses at affordable prices. For example, the University of Illinois has developed a technology that allows it scale its MBA program to thousands of students at a modest price of USD 22,000. Similarly, Georgia Tech began offering its online computer science program for only USD 7,000, leading to 10,000 university enrolments in September 2020. The COVID-19 pandemic, therefore, is reshaping the educational landscape, leading to historic changes in this market.

The report states that the global market value stood at USD 1,090.87 billion in 2019 and shares the following information:

Bird's eye-view analysis of the industry trends and outlook;

Meticulous study of all market segments;

In-depth assessment of the market drivers and challenges; and

Exhaustive evaluation the regional dynamics and competitive landscape of the market.

Request a Sample Copy of Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/higher-education-market-104503

Restraining Factor

Increasing Unaffordability of Higher Education to Stem Market Growth

Seeking undergraduate and graduate degrees has gotten progressively expensive over the past few decades around the globe, negatively impacting the higher education market growth. According to the American think-tank, Center on Budget and Policy Priorities (CBBP), between 2008 and 2018, the average tuition fees at four-year public colleges increased across all 50 states in the US. Tuition on average increased by 37% and net costs that involve scholarships and grants grew by 24%, as per CBBP data. Another issue that stems from escalating higher education costs is the large burden of debt that students have to deal with once they graduate. In the UK, for instance, the average loan debt for students is USD 30,800, while in Sweden it is USD 20,000. However, investment in higher education still remains a lucrative prospect for students as, according to the World Bank, advanced degrees help students earn higher incomes compared to high school graduates.

Regional Insights

Heavy Investments in Education to Accelerate the North America Market Expansion

The US is the topmost choice for students around the globe for attaining advanced educational qualifications. This is mainly because the country is home to some of the oldest and most renowned universities in the world, particularly the Ivy League universities such as Harvard and Princeton. These and several other state universities receive strong governmental support in the form of large funding opportunities, especially for graduate and doctoral degrees, which enable the region to dominate the higher education market share. In 2019, the North America market size stood at USD 368.21 billion.

In Europe, steadily growing presence of quality higher education institutions and rising popularity of mid-tier universities in the UK, Germany, France, and the Netherlands are aiding the regional market growth. Increasing focus on skill development and advanced technical degrees is emerging to be the prime growth determinant for the Asia Pacific market.

Ask for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/higher-education-market-104503

Competitive Landscape

Leading Players to Expand Market Share through Strategic Partnerships

The enormous opportunities presented by the higher education industry are prompting key players to engage in partnerships and collaborations to expand their presence and position in this market. In response, companies are pooling their resources to create innovative solutions to make advanced degrees more accessible to students.

Industry Developments:

-- October 2020: Blackboard Inc. partnered with Unizin, a group of higher education institutions, to develop a more inclusive and data-driven learning ecosystem for Unizin members. The partnership will allow Unizin to offer Blackboard Ally, Blackboard's accessibility platform, to Unizin's 14 member institutions.

-- September 2020: 2U, Inc. collaborated with Colgate University's Task Force on Remote Learning and Center for Learning, Teaching and Research. Under the collaboration, the university will be able to access 2U's course production and development, technology, and support services bundle called 2UOS to deliver hybrid learning experience on select courses.

List of Key Companies Profiled in the Higher Education Market Report:

-- 2U, Inc. (Maryland, United States)

-- REMIND101, INC. (San Francisco)

-- Verizon (New York, United States)

-- Blackbaud, Inc (South Carolina, United States)

-- Ellucian Company L.P. (Virginia, United States)

-- Xerox Corporation (Connecticut, United States)

-- CollegeDegrees.com, LLC, (Texas, United States)

-- Oracle Corporation (California, United States)

-- Instructure, Inc. (Utah, United States)

-- Blackboard Inc. (Washington, D.C., United States)

-- Hyland Software, Inc. (Westlake, Ohio, United States)

-- Unifyed (Chicago, Illinois.)

-- CDW LLC. (Lincolnshire, Illinois)

-- Bain & Company, Inc. (Massachusetts, United States)

-- Astera Software. (California, United States)

Quick Buy- Higher Education Market: https://www.fortunebusinessinsights.com/checkout-page/104503

Major Table of Content:

-- Introduction

    -- Definition, By Segment

    -- Definition, By Segment

    -- Research Methodology/Approach

    -- Data Sources

    -- Key Takeaways

    -- Market Dynamics

      -- Macro and Micro Economic Indicators

      -- Macro and Micro Economic Indicators

      -- Drivers, Restraints, Opportunities and Trends

      -- Impact of COVID-19

        -- Short-term Impact

        -- Short-term Impact

        -- Long-term Impact

        -- Competition Landscape

          -- Business Strategies Adopted by Key Players

          -- Business Strategies Adopted by Key Players

          -- Consolidated SWOT Analysis of Key Players

          -- PESTLE Analysis

          -- Porter's Five Force Analysis

          -- Ecosystem Analysis

          -- Global Market Share Analysis and Matrix, 2019

          -- Key Market Insights and Strategic Recommendations

          -- Profiles of Key Players Provided for 10 players only)

            -- Overview

              -- Overview

                -- Key Management

                -- Headquarters etc

                -- Offerings/Business Segments

                -- Key Details (Key details are subjected to data availability in public domain and/or on paid databases)

                  -- Employee Size

                  -- Employee Size

                  -- Key Financials

                  -- Past and Current Revenue

                  -- Past and Current Revenue

                  -- Gross Margin

                  -- Geographical Share

                  -- Business Segment Share

                  -- Recent Developments

                  -- Primary Interview Responses

                  -- Annexure / Appendix

                    -- Global Higher Education Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027

                      -- By Component (Value

                      -- Hardware

                        -- PCs/Laptops

                        -- Tablets/ Smartphones

                        -- Projectors

                        -- Interactive White Boards

                        -- Printers

                        -- Others

                        -- Solutions

                          -- Student Information System

                          -- Student Information System

                          -- Learning Management System

                          -- Student Response System

                          -- Campus Management

                          -- Performance Management

                          -- Others (Content and Collaboration, Data Security and Compliances, etc.)

                          -- Services

                            -- Consulting and Advisory

                            -- Consulting and Advisory

                            -- Implementation

                            -- Training and Support

                            -- By Learning Mode (Value)

                            -- Offline Learning

                            -- Offline Learning

                            -- Online Learning

                            -- By End User (Value)

                            -- Private Colleges

                            -- Private Colleges

                            -- Community Colleges

                            -- State Universities

                            -- By Region (Value)

                            -- North America

                            -- North America

                            -- South America

                            -- Europe

                            -- Middle East & Africa

                            -- Asia Pacific

                            TOC Continued..

                            Speak To Our Analyst- https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/higher-education-market-104503

                            Have a Look at Related Research Insights:

                            Customer Experience Management Market Size, Share & Industry Analysis, By Component (Solution, Services), By Deployment (On-Premises, Cloud), By Organization Size (SMEs, Large Enterprises), By Touchpoint (Telephone, Email, Web, Social Media, and Others), By End-User (BFSI, Retail, IT and Telecommunications, Healthcare, Manufacturing, Government, Travel and Transportation and Others) and Regional Forecast, 2019-2026

                            Customer Data Platform Market Size, Share & COVID-19 Impact Analysis, By Component (Platform and Services), By Deployment (Cloud, On-premises), By Type (Access, Analytics, and Campaign) By Industry (Banking, Financial Services and Insurance (BFSI), Retail and ecommerce, Information Technology (IT) and Telecom, Media and Entertainment, Travel and Hospitality, Healthcare, and Others (Government and Education)), and Regional Forecast, 2020-2027

                            Professional Service Automation Software Market Size, Share & Industry Analysis, By Application (Consulting Firms, Marketing and Communication Firms, IT Firms, Architecture and Construction Firms, Research Firms, Accounting Firms, Others), By Deployment Type (Cloud, On-premise) and Regional Forecast, 2019-2026

                            Artificial Intelligence (AI) Market Size, Share and Industry Analysis By Component (Hardware, Software, Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, Others), By Industry Vertical (BFSI, Healthcare, Manufacturing, Retail, IT & Telecom, Government, Others) and Regional Forecast, 2019-2026

                            Digital Payment Market Size, Share & Industry Analysis, By Payment Type (Mobile Payment, Online Banking, Point of Sale, Digital Wallet), By Industry (Media & Entertainment, Retail, BFSI, Automotive, Medical & Healthcare, Transportation, Consumer Electronics, Others), and Regional Forecast, 2019-2026

                            About Us:

                            Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

                            Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

                            At Fortune Business Insights(TM), we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

                            Contact Us:

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