Overview of the global cloud computing market in education sector
Technavio’s market research report identifies that the growing use of learning analytics will be one of the primary growth drivers for the global cloud computing market in education sector till 2021. The popularity of third platform technologies such as cloud computing, mobile computing, and big data is growing in the education sector. Various educational institutions are keeping track of student performance and are identifying key improvement areas by employing business intelligence (BI) in the analysis of collected data on various cloud platforms. This helps them develop personalized learning for students and enhance student or faculty retention ratios. Cloud-based learning analytics or cloud analytics helps educators to track the digital footprints of students to analyze pupil activities. This in turn, is anticipated to boost the demand for cloud computing in the education sector. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 26% by 2021.
North America is witnessing a rising enrollment in K-12 schools and universities. The popularity of cloud computing technologies will continue to increase in the region due to the presence of adequate IT infrastructure and a large number of educational institutions that are adopting modern methods of learning. This modern method of learning includes project-based, experiential, blended learning, and game-based learning.
Competitive landscape and key vendors
The cloud computing market in the education sector is highly fragmented due to the presence of various regional and international vendors. International vendors are entering strategic partnerships with local vendors to strengthen their product portfolio. The competitive environment of the market will intensify because established cloud computing companies are coming up with new products to promote their solutions.
Key vendors in this market are -
- Adobe Systems
- Blackboard
- Cisco
- llucian
Other prominent vendors in the market include Dell EMC, Instructure, Microsoft, NetApp, Oracle, Salesforce, and SAP.
Segmentation by service models and analysis of the cloud computing market in education sector
- SaaS
- IaaS
- PaaS
Software as a service (SaaS) segment contributed to the maximum market shares during 2016 due to several benefits associated with SaaS such as simplified administration, elastic scalability, and location independence or mobility. The segment will continue to grow for the next four years because it offers an instant data access.
Segmentation by end-user and analysis of the cloud computing market in education sector
- Higher education
- K-12 schools
Universities and colleges are increasingly incorporating cloud computing technology because it standardizes the learning process by offering centralized licensing of software applications and services. The higher education segment will continue to be the largest end-user during the estimated period due to the rising demand for project-based learning among students, particularly for STEM subjects.
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Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global cloud computing market in the education sector?
- What are the key market trends impacting the growth of the global cloud computing market in the education sector?
- What are the challenges to market growth?
- Who are the key vendors in the global cloud computing market in the education sector?
- What are the market opportunities and threats faced by the vendors in the global cloud computing market in the education sector?
- What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
- What are the key outcomes of the five forces analysis of the global cloud computing market in the education sector?
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