Cloud Computing Market in K-12 Education Sector by Service and Geography - Forecast and Analysis 2022-2026

Based on Technavio's market sizing methodology, the cloud computing market size in K-12 education sector is predicted to surge by USD 1.74 billion from 2021 to 2026 at a CAGR of 18.77%.

This cloud computing market in K-12 education sector research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The cloud computing market in K-12 education sector report offers vendor details for Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Baidu Inc., Blackboard Inc., Built In Inc., Cisco Systems Inc., Dell Technologies Inc., Ellucian Co. LP, HP Inc., International Business Machines Corp., Microsoft Corp., NetApp Inc., Oracle Corp., Rackspace Technology Inc., Salesforce.com Inc., SAP SE, and Verizon Communications Inc. among others.

This report further entails cloud computing market segmentation in K-12 education sector, including:

• Service - Software as a service, infrastructure as a service, and platform as a service
• Geography - North America, Europe, Asia, and Rest of World (ROW)

What will the Cloud Computing Market Size in K-12 Education Sector be During the Forecast Period?

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Cloud Computing Market in K-12 Education Sector: Key Drivers, Trends, and Challenges

The increasing adoption of e-learning is notably driving the cloud computing market growth in K-12 education sector, although factors such as data security and privacy concerns may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cloud computing industry in K-12 education sector. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cloud Computing Market Driver in K-12 Education Sector

One of the key factors driving the global cloud computing market growth in K-12 education sector is the increasing adoption of e-learning due to the growing digitization and mushrooming startups offering MOOCs. In addition, in 2020, due to the COVID-19 pandemic government has imposed lockdown and travel restrictions, which resulted in the schools and universities being closed, which promoted a surge in online learning and distance learning enrollments. In addition, cloud-based e-learning solutions such as SaaS-based platforms allow teachers to train themselves in continuously upgrading technologies, thus, providing enough opportunities for professional development and teacher training. Hence, deploying cloud base e-learning solutions in schools across the world is expected to further fuel the growth of the cloud computing market in the K-12 education sector during the forecast period.

Key Cloud Computing Market Trend in K-12 Education Sector

Integration of IoT with cloud computing is one of the key cloud computing market trends in K-12 education sector that is expected to impact the industry positively in the forecast period. The problem of developing an innovative curriculum reflecting radical shifts in technology and augmenting the learning experience to gain students' interest can be resolved by the integration of cloud computing with IoT as it allows the key stakeholders of the education system to upload and access assignments, tutorials, and tests from the cloud server. In addition, the inclusion of radio frequency identification (RFID) readers on various devices such as lab equipment and projectors allows teachers to spend their valuable time planning curricula and lecturing in smart classrooms. Thus, the integration of the cloud with IoT is expected to augment market growth in the future.

Key Cloud Computing Market Challenge in K-12 Education Sector

One of the key challenges to the global cloud computing market growth in K-12 education sector is the data security and privacy concerns. K-12 schools use cloud-based services to store confidential information about students and teachers. Some of these services are often controlled by various solution vendors without giving complete access to educational systems, thereby increasing the concerns regarding data theft or security breach. There is also a potential threat of account hijacking and intrusion of malicious software with the increased use of cloud-based services in the education sector. In addition, the lack of fixed standards determining the control and interoperability access of users in a cloud-based system, particularly in emerging economies, will also reduce the reliability of the technology. Such factors will be limiting the growth of the market in K-12 education sector during the forecast period.

This cloud computing market in K-12 education sector analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global cloud computing market in the K-12 education sector as a part of the global Internet services and infrastructure market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cloud computing market in K-12 education sector during the forecast period.

Who are the Major Cloud Computing Market Vendors in K-12 Education Sector?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Adobe Inc.
• Alibaba Group Holding Ltd.
• Alphabet Inc.
• Amazon.com Inc.
• Baidu Inc.
• Blackboard Inc.
• Built In Inc.
• Cisco Systems Inc.
• Dell Technologies Inc.
• Ellucian Co. LP
• HP Inc.
• International Business Machines Corp.
• Microsoft Corp.
• NetApp Inc.
• Oracle Corp.
• Rackspace Technology Inc.
• Salesforce.com Inc.
• SAP SE
• Verizon Communications Inc.

This statistical study of the cloud computing market in K-12 education sector encompasses successful business strategies deployed by the key vendors. The cloud computing market in K-12 education sector is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market.

Product Insights and News

• Adobe Inc. - The company offers a service named Adobe creative cloud express for education through which students and teachers can create standout graphics, photos, presentations, videos, and web pages to express themselves inside and outside the classroom. 
• Adobe Inc. - In January 2022, the company announced the appointment of Brett Briggs and Spencer Neumann to its Board of Directors.  

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The cloud computing market in K-12 education sector forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Cloud Computing Market in K-12 Education Sector Value Chain Analysis

Our report provides extensive information on the value chain analysis for the cloud computing market in K-12 education sector, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Cloud Computing Market in K-12 Education Sector?

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55% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for cloud computing in K-12 education sector in North America. However, market growth in this region will be slower than the growth of the market in other regions.

Cloud computing technology enables teachers to conduct lessons, perform student assessments, and develop homework plans in a virtual teaching space, which will facilitate the cloud computing market in K-12 education sector growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic adversely affected the economies of various countries in North America, especially the US. Countries such as the US and Canada imposed lockdowns to combat the spread of the disease. This resulted in the shutdown of educational institutes and corporate offices. This led to the adoption of online education systems, which increased the demand for e-learning in K-12 schools in the region, which will drive the growth of the regional market during the forecast period.

What are the Revenue-generating Service Segments in the Cloud Computing Market in K-12 Education Sector?

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The cloud computing market share growth in K-12 education sector by the SaaS segment will be significant during the forecast period. SaaS is expected to witness continuous growth in the education market in the coming years owing to several advantages such as simplified administration, elastic scalability, location independence or mobility, instant data access, and predictably lower cost of ownership. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the cloud computing market size in K-12 education sector and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Cloud Computing Market in K-12 Education Sector Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive cloud computing market growth in K-12 education sector during the next five years
• Precise estimation of the cloud computing market size in K-12 education sector and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the cloud computing industry in K-12 education sector across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of cloud computing market vendors in K-12 education sector 

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