Digitization is marking its presence in every sector including education sector. Implementation of cloud computing in education system allows the proficient management of business processes and effective knowledge delivery to students, overall enhancing education quality.
Global cloud computing in education sector market is segmented into service types such as SaaS (software as a service), IaaS (infrastructure as a service) and PaaS (platform as a service). SaaS service segment accounted for more than 52% of total market share in 2016. SaaS services provides advantages over other service offerings as it run directly over web browser in pc and mobile phones eliminating any software downloads in individual systems and provides effective data management of data and applications.
The global cloud computing in education sector market accounted for USD 5.8 billion in 2016 and further the market is estimated to reach USD 17.4 billion by the end 2024. Global computing in education sector market is expected to expand at a CAGR of 14.7% over the forecast period i.e. 2016-2024. Geographically, North-America and Europe are showcasing the fastest growth in cloud computing market and deployment of cloud computing services. North America is expected to maintain its dominance in global cloud computing in education sector market over the forecast period owing to rising number of new start-up companies in cloud computing and presence of established market players. Asia-Pacific is anticipated to be fastest growing region, owing to rapid urbanization and penetration of advance technology in developing countries.
Rising Investments in Cloud Computing Technology: Major Growth
According to International Data Corporation (IDC), spending on cloud computing is expected to expand from USD67 Billion in 2015 to USD 162 Billion in 2020 at a CAGR of 19 percent. Huge R&D spending over the development of cloud computing technologies and to find its more applications in various verticals is one of the major factors driving growth of cloud computing in education sector market. Big market players are acquiring new companies to sustain the competition and to grasp strong position in the global market. For instance, Microsoft acquired Connecticut-based Cycle Computing, to provide much easier access to high performance computing in Azure.
Global Cloud Computing in Education Sector Market Outlook 2024 contains detailed overview of the global cloud computing in education sector market in terms of market segmentation by services type, by deployment type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global cloud computing in education sector market report also includes competitive outlook of some of the major players of the global cloud computing in education sector market which includes profiling of companies such as Adobe Systems, Blackboard, Cisco, Ellucian, Dell EMC, Instructure, Microsoft, NetApp, Oracle, Salesforce.com, SAP etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global cloud computing in education sector market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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