Market Overview:
Higher Education Tools market was valued at USD 16470 million in 2021 and is expected to reach USD 33520 million by the year 2028, at a CAGR of 10.43%.
Smartphones have become one of the most valuable tools for higher education students and play an important role in learning, learning organization and management, student or community life and planning, financial handling, personal safety and security. Higher Education Tools market has been estimated to show tremendous growth in the forecast period due to Computer-aided learning media, it is the usage of computer for presenting the learning materials for better understanding and visualization. The Higher Education Tools material comprises of text, audio, video, animation and graphics.
Top Key Players Covered In The Higher Education Tools Market:
- Oracle (U.S.)
- Unit4 (Netherlands)
- Hyland Software
- SAP (Germany)
- Ellucian (U.S.)
- Blackbaud (U.S.)
- Unifyed (U.S.)
- Phoenixs (India)
- Top Hat (Canada)
- AcademyOne (U.S.)
- Cherwell (U.S.)
- Campus management (U.S.)
- Jenzabar (U.S.)
- Instructure (U.S.)
- Civitas Learning (U.S.)
- Verizon (U.S.)
- Cisco (U.S.)
- Remind (U.S.)
- CenturyLink(U.S.)
- HARMAN International (U.S.)
- Hurix (India)
- Crayon (Norway)
- Vmware (U.S.)
- Xerox (U.S.), and Other Major Players.
Market Dynamics and Factors:
The rising adoption of digital learning tools is driving the higher education tools market. Learning management systems, online textbooks, and video lectures are examples of digital learning tools that can be accessed from any location with an internet connection. This makes education more accessible to students who may not have the financial means to attend a physical institution. Computerized learning instruments consider customized growth opportunities, where understudies can work at their own speed, get moment input, and access extra assets that take special care of their advancing necessities.
Smart interactive learning tools present growth opportunities for the higher education tools market. Smart interactive learning tools have the potential to transform the higher education tools market by providing innovative and effective ways for students to learn and grow. These tools offer personalized learning experiences, real-time feedback, and interactive engagement that can help students develop critical thinking skills and retain knowledge better. One of the key growth opportunities for the higher education tools market with the use of smart interactive learning tools is the potential to attract more students who are looking for a modern and engaging learning experience.
Higher Education Tools Market Report Highlight:
- By component, the solutions segment is anticipated to lead the growth of the Higher Education Tools market in the forecasted timeframe. For IT developers, higher education solutions offer a comprehensive application development environment with which they can design, develop, deploy, and carry out applications in accordance with the requirements.
- By deployment, the on-cloud segment is expected to have the highest Higher Education Tools market share over the projected period. Tools and services for higher education that are hosted in the cloud save money, allowing organizations to operate more effectively and incur fewer overall expenses.
- By Learning Mode, the online segment is set to develop at the highest CAGR during the forecasted timeframe. Online learning has also grown more rapidly as a result of the COVID-19 pandemic, with many institutions switching to remote and hybrid learning models. As a consequence of this, there has been a significant rise in the demand for online resources like video conferencing software, learning management systems, and digital textbooks.
- The North American region is expected to have the highest Higher Education Tools market share over the projected period. Due to increasing investments in higher education by governments and other organizations, the region is anticipated to maintain its lead throughout the forecast period.
Key Industry Development:
In June 2020, The student edition of SAP Learning Hub has been made available, according to SAP. In collaboration with the SAP Next-Gen programs and SAP University Alliances, the enhanced version was released. SAP will be able to strengthen its collaboration with universities and research organizations with the enhanced SAP Learning Hub.
Higher Education Tools Market Segmentation:
By Component
- Hardware
- Solutions
- Services
By Deployment
- On Cloud
- On-Premises
By Learning Mode
- Offline
- Online
For this report, Introspective Market Research has segmented the Higher Education Tools Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
