Higher Education Market by Hardware, Solution & Service – 2020

MarketsandMarkets: Global higher education market which comprises software and services is expected to reach USD 70.62 Billion by 2020, at a CAGR of 8.1%. In terms of regions, North America is expected to be the largest market in terms of market size, whereas Europe and APAC are expected to experience increased market traction during the forecast period.

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The higher education market is defined as learning that is imparted through contexts such as social and content interactions with the help of hardware such as personal computers (PCs), interactive white boards (IWBs), projectors, tablets, and printers. These solutions are focused on improving the overall learning experience for the end users that require constant and situated learning support.

The biggest challenge for higher education institutions is the difficulty in adopting server based resources or for that matter, a secure IT infrastructure. The vendors in the higher education market such as Symantec Corporation, Verizon, Xerox Corporation, IBM Corporation, Educomp Solutions, and Cisco Systems are continuously innovating and remodeling their present architecture to build more proficient and advanced information systems. The major forces driving this market are the adoption of device-based computing, increased connectivity of hardware, emergence of online and collaborative learning, and personalization of technology.

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The higher education market is experiencing an evolution, since the traditional way of learning has been replaced by digital and distance learning. Earlier, the higher education institutions were more service-oriented and focused on traditional ways of teaching. In the early 1990s, higher education was more lecture-based and educator restricted. Over the last decade, institutions have moved to digital teaching and in doing so, have adopted student-to-technology methods. Higher education institutions are evolving at a fast pace, with universities encouraging immersive and interactive ways of teaching. Colleges and universities have integrated learning management systems and student information systems to ease the overall workload within the campus. In the coming future, universities are expected to be more concerned about the IT security within the campus, as an open network in the form of internet is available to the students and faculty.

MarketsandMarkets broadly segments the higher education market by regions into: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America; by hardware into: personal computers (PCs), interactive white boards (IWBs), projectors, tablets, and printers; by solutions are into: content and collaboration, campus technology, data security and compliance, student and curriculum, and performance management; by user type into: state universities, community colleges, and private universities; by service type into: consulting, implementation and training & support.

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