Global Higher Education Market: By Component: Solutions, Services; By Deployment Type: On-premises, Cloud; By Vertical: State Universities, Community Colleges, Private Colleges; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Higher Education Market Outlook

The global higher education market is expected to grow at a CAGR of 19.6% during the period 2023-2028. North America, Europe and Asia are expected to be key markets.

 

higher education market

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Global Market Likely to be Driven by Advancements in Technology and Changing Student and Industry Expectations

Higher education refers to any of the various types of education provided in postsecondary institutions of learning, and generally presenting, at the end of a course of study, a designated degree, diploma, or certificate of higher studies. Higher-educational institutions include universities, colleges, and the different professional schools that provide preparation in domains such as law, theology, medicine, business, music, and art. Higher education includes junior colleges, teacher-training schools, and institutes of technology.

In the last few years, the concept of education has changed significantly with advancements in technology. In this day and age, access to quality education has increased, and people are able to learn online even from remote locations. Analyst reports suggest that a significant percentage of higher education students in the USA take at least one distance course. Universities and higher-educational institutions are increasingly offering online courses and programs for different levels and disciplines.

Learners today demand a range of online classes, just-in-time communications, and intuitive experiences that go beyond the textbook. Further, learners today juggle jobs, children, and ageing parents, and seek flexibility and cost savings while pursuing various types of degrees. These learners fall in different age groups, from youth to even the elderly. These learners expect institutions to provide modern mobile tools to help them schedule classes, monitor progress, and get academic assistance, without having to visit campus. Colleges and universities are adopting technological transformation to deliver campus experiences drawn to enhance student success, improve outcomes, and drive new innovations.

 

Advancements in Technology and Cloud Solutions Expected to Drive Global Higher Education Market

Higher education faces significant disruption, with student expectations developing at a rate institutions are tested to match. The expectations of the modern student are shaped by unique personal, academic, and professional aspirations. Students today seek agile, insightful, and proactive educational experiences. Leading companies offer advanced solutions to meet such requirements. For example, Oracle Student Cloud is a solution that supports lifelong learning on a single, extensible platform. Powered by artificial intelligence (AI), consumer-market design elements, and collaboration tools, Oracle Student Cloud significantly changes student experience at each phase of the lifecycle, including financial aid. Cloud can enhance campus experience by enabling cost savings, flexibility, and a framework to foster innovation on campus; securely warehousing student population data; extending greater interoperability and access; enabling expedited app development and deployment; and automating the use of chatbots for instant engagement through mobile cloud services.

Dell offers learning and education technologies that help IT leaders perform better. The company offers academic solutions to help students learn, grow and succeed in college, university, as well as their careers. For better student engagement in the classroom, Dell offers interactive, collective, linked education technologies that aid innovative instruction practices to transform learning atmospheres. These support collaboration and development of critical thinking and workforce readiness skills. Dell’s Virtual desktop infrastructure (VDI) lab environments enable a more efficient and flexible learning experience, while decreasing downtime and centralizing management. Leading universities employ Dell Precision workstations for various technical programs to provide application performance for student designs, simulations and analysis, streamlining projects, and preparing learners for their future.

 

Europe and USA Leaders in Higher Education Sector

Europe has one of the leading Higher Education sectors in the world. Europe has over 19. 5 million students, 1. 5 million academics, and 500,000 researchers active in the sector. At a global level, Europe has more world- class universities than any other region in the world, with 42 of the top hundred universities in the world. U.S.A. has the second largest Higher Education sector after Europe, with 39 of the top hundred universities in the world.

 

India an Important Player in the Global Higher Education Industry, Expected to Contribute to Growth of Global Higher Education Market

India occupies a significant position in the global higher education industry; the country has one of the largest networks of higher educational institutions in the world. The education market in India is estimated to touch nearly US$ 225 billion by FY25. Indian edtech start-ups have received total investment of nearly US$ 4.7 billion in 2021, up from US$ 2.2 billion in 2020. According to the QS employability rankings 2022, the Indian Institute of Science (IISc), Bengaluru, six Indian Institutes of Technology (IITs), Delhi University, University of Mumbai, University of Calcutta, OP Jindal Global University, Sonipat and BITS Pilani were among the global top 500 universities.

In 2022, the Tech Mahindra Foundation partnered with Amazon Internet Services Private Limited (AISPL) to help underemployed or unemployed people get started in cloud computing.

 

Changing Expectations of Industry Likely to Shape the Market

Expectations of industry from higher education have also seen a shift. Companies prefer specific skills and abilities along with academic knowledge. Skills that are needed in the industry include computer skills, interpretation and processing of information, the ability to apply rules and regulations, supervise and manage projects, people skills, ability to perform under pressure, various behavioural qualities, domain specific technical expertise, the ability to innovate, etc. Higher educational institutions, courses and solutions able to inculcate and enable such skills and qualities are expected to be in higher demand.

 

Market Segmentation

 

higher education market by segments

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By component, the market is segmented into:

  • Solutions (further broken down by type as given below)
  • Student Information Management System
  • Content Collaboration
  • Data Security and Compliance
  • Campus Management
  • Others
  • Services (further broken down by type as given below)
  • Managed Services
  • Professional Services

By type, the market is classified into:

  • On-premises
  • Cloud

By vertical, the market is divided into:

  • State Universities
  • Community Colleges
  • Private Colleges

By region, the market is classified into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

higher education market by region

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Key Industry Players in the Global Higher Education Market

The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Oracle
  • SAP
  • Dell Technologies
  • VMware
  • Xerox
  • ServiceNow
  • Unifyed 
  • Ellucian
  • Hyland Software
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Deployment Type
  • Vertical
  • Region
Breakup by Component
  • Solutions
    • Student Information Management System
    • Content Collaboration
    • Data Security and Compliance
    • Campus Management
    • Others
  • Services
    • Managed Services
    • Professional Services
Breakup by Deployment Type
  • On-premises
  • Cloud
Breakup by Vertical
  • State Universities
  • Community Colleges
  • Private Colleges
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Oracle
  • SAP
  • Dell Technologies
  • VMware
  • Xerox
  • ServiceNow
  • Unifyed 
  • Ellucian
  • Hyland Software
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Higher Education Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Higher Education Historical Market (2018-2022) 
    8.3    Global Higher Education Market Forecast (2023-2028)
    8.4    Global Higher Education Market by Component
        8.4.1    Solutions
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
            8.4.1.4    Breakup by Type
                8.4.1.4.1    Student Information Management System
                8.4.1.4.2    Content Collaboration
                8.4.1.4.3    Data Security and Compliance
                8.4.1.4.4    Campus Management
                8.4.1.4.5    Others
        8.4.2    Services
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
            8.4.2.4    Breakup by Type
                8.4.2.4.1    Managed Services
                8.4.2.4.2    Professional Services
    8.5    Global Higher Education Market by Deployment Type
        8.5.1    On-premises
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Cloud
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    Global Higher Education Market by Vertical
        8.6.1    State Universities
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Community Colleges
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Private Colleges
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)    
    8.7    Global Higher Education Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Higher Education Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Higher Education Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Higher Education Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Higher Education Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle  East and Africa Higher Education Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Oracle
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    SAP
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Dell Technologies
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    VMware
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Xerox
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    ServiceNow
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Unifyed 
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Ellucian
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Hyland Software
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Others
16    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Global Higher Education Market: Key Industry Highlights, 2018 and 2028
2.    Global Higher Education Historical Market: Breakup by Component (USD Million), 2018-2022
3.    Global Higher Education Market Forecast: Breakup by Component (USD Million), 2023-2028
4.    Global Higher Education Historical Market: Breakup by Deployment Type (USD Million), 2018-2022
5.    Global Higher Education Market Forecast: Breakup by Deployment Type (USD Million), 2023-2028
6.    Global Higher Education Historical Market: Breakup by Vertical (USD Million), 2018-2022
7.    Global Higher Education Market Forecast: Breakup by Vertical (USD Million), 2023-2028
8.    Global Higher Education Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Higher Education Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Higher Education Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Higher Education Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Higher Education Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Higher Education Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Higher Education Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Higher Education Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Higher Education Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Higher Education Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Higher Education Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Higher Education Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Global Higher Education Market Structure

Key Questions Answered in the Report

The global higher education market is projected to grow at a CAGR of 19.6% between 2023 and 2028.

The major drivers of the market include the increasing number of student enrolments, increasing internationalisation in the education sector, shifts in inbound and outbound student flow, growing global competition, and rapid expansion of tertiary education capacity.

Advancements in technology and changing student and industry expectations are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The various components in the market are solutions and services. Solutions can be further divided into student information management system, content collaboration, data security and compliance, and campus management, among others while services is sub-divided into managed services and professional services.

Based on deployment type, the market is divided into on-premises and cloud.

The major verticals are state universities, community colleges, and private colleges.

The major players in the industry are Oracle, SAP, Dell Technologies, VMware, Xerox, ServiceNow, Unifyed, Ellucian, and Hyland Software, among others.

Analyst Review

The global higher education market was driven by the changing student and industry expectations in the historical period. Aided by the increasing number of student enrolments and advancements in technology, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 19.6%.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The various components in the market are solutions and services. Solutions is further divided into student information management system, content collaboration, data security and compliance, and campus management, among others, while services is sub-divided into managed services and professional services. Based on deployment type, the market is divided into on-premises and cloud. The major verticals are state universities, community colleges, and private colleges. The major regional markets for higher education are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the industry are Oracle, SAP, Dell Technologies, VMware, Xerox, ServiceNow, Unifyed, Ellucian, and Hyland Software, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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