Global Higher Education Market 2019-2023
About this market
The rise in the adoption of advanced technologies to help the market grow during the forecast period. The adaptation to the rapid changes in higher education requires the tracking and understanding of the domestic and international shifts in needs. Many of the developed countries in the world, such as the US, the UK, and Japan, are early adopters of advanced technologies. Technavio’s analysts have predicted that the higher education market will register a CAGR of more than 12% by 2023.
Emergence of higher new education institutes
The emergence of new institutes has helped increase the importance of higher education. Globally, the higher education sector is growing at a fast pace and numerous higher educational institutes are being established to fulfil the goal of higher education.
Rise in the cost of higher education
The rise in the cost of higher education is starting to turn off potential consumers such as students. The cost of higher education is very high in private colleges as compared to government institutes.
For the detailed list of factors that will drive and challenge the growth of the higher education market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Adobe and Apple the competitive environment is quite intense. Factors such as the rise in the adoption of advanced technologies and the emergence of higher new education institutes, will provide considerable growth opportunities to higher education manufactures. Adobe, Apple, D2L, Pearson, and Blackboard are some of the major companies covered in this report.
‘With the presence of a considerable number of companies, this market appears to be fragmented. This market research report will help clients identify new growth opportunities. Several companies are focusing on offering virtual assistants to students, which interacts with people and personalizes the interaction by relying on the information on the relationship between the human user and the virtual assistant.’
Technavio Announces the Publication of its Research Report – Global Higher Education Market 2019-2023
Technavio recognizes the following companies as the key players in the global higher education market: Adobe, Apple, D2L, Pearson, and Blackboard.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the rise in the adoption of advanced technologies.”
According to the report, one of the major drivers for this market is the emergence of higher new education institutes.
Further, the report states that one of the major factors hindering the growth of this market is rise in the cost of higher education.
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