Cloud Computing in Higher Education Market
Absolute Markets Insights has broadcasted an analytical data titled as Cloud Computing in Higher Education market. Challenging trends are includes on the basis of type, size, and applications. The global scope for the sector has been examined and forecast from 2021 to 2030. Cloud Computing in Higher Education market report offers a summarized information of different dynamic aspects of the businesses. Various graphical approaches have been used such as info graphics, graphs, pictures, and flowcharts which helps to get better perspective to the readers. In this report SWOT analysis has been used to understand the strength, weaknesses, opportunities, and threats in front of the businesses.
Some of the prominent players operating in the cloud computing in higher education market include Adobe, Amazon Web Services, Inc., Cisco Systems, Inc., Ellucian Company L.P., Google LLC, Huawei Technologies Co., Ltd., IBM Corporation, Jenzabar, Inc., Microsoft, NEC Enterprise Solutions, Oracle, Salesforce.com, Inc., VMware, Inc., and Workday, Inc. among others.
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Higher education institutes around the globe set aside a huge share of their budget to build and maintain their IT infrastructure. Educational institutions are implementing software as a service (SaaS) service model with an aim to increase the focus on academic research and student performance. This is among the key factors responsible for the growth of cloud computing in higher education market. In addition, educational institutions with multiple branches are collaborating with cloud computing providers to restructure and centralize their locations. For instance, Antioch University (California), a private nonprofit university in the U.S. collaborated with Ellucian Company L.P. to provide a centralized structure to their five locations, thereby helping it function as a single university. Furthermore, cloud-based solutions are helping educational institutions in integrating several tools like learning management system (LMS) into their existing outline, which is further increasing the adoption of cloud computing in higher education market.
Cloud computing in higher education market has witnessed a significant growth and projected to exhibit a tremendous growth during the forecast period. The notion of cloud computing generally involves delivering various types of services, right from software and analytics to safe and secured data storage and networking resources over the internet. In education sector, cloud computing is among the most adoptable technologies as it enables education institutions to facilitate their staff and students so as to achieve academic responsibilities with respect to their requirements. The amount of data hosted by various educational institutions is constantly increasing which is pushing them to utilize various forms of cloud deployments, such as public, private, community and hybrid cloud, based on computing requirements and infrastructure investments. Institutions offering higher education programs are rapidly moving towards opting cloud computing services as it assists in liberating students from lecture halls, desks and textbooks to enable more collaborative educational experiences.
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In terms of revenue, cloud computing in higher education market is expected to reach US$ 53,487.89 Million owing to increasing adoption of remote learning among students along with growing demand for cloud-based solutions among educational institutions to reduce costs, improve productivity and efficiency.
Cloud Computing in Higher Education Market is Expected to Grow at CAGR 25.4% owing to Increase in Implementation of Cloud-based Solutions to Reduce Costs, Improve Productivity and Efficiency
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Cloud Computing in Higher Education Market:
• By Service Model
o SaaS (Software as a Service)
o PaaS (Platform as a Service)
o IaaS (Infrastructure as a Service)
• By Deployment Mode
o Private Cloud
o Public Cloud
o Hybrid Cloud
o Community Cloud
• By Applications
o Administration and Management
o Facilities Management
o Students Admissions
o Human Resource Management
o Accounting Tools
o Alumni Relationship Management
o Fundraising, Grant and Awards Management
o Other Operations
o Smart Classroom
o Instructor Led Training
o Distance Learning and Blended Learning
o Surveillance and Security
• By End User
o Private Educational Institutions
o Public Educational Institutions
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