Global Information and Communications Technology Services in Education Market 2019-2023
About this market
There has been an increased demand for cloud computing in the education segment owing to the significant increase in technological advances in the global education market. School and universities are increasingly focusing on the use of cloud computing to measure the academic growth of students. Cloud services allow universities to cost-effectively upgrade communication and learning systems without huge capital investments in infrastructure. Thus, there has been a rapid increase in the adoption of cloud services among schools and universities. The increased adoption of cloud computing in schools and universities is expected to drive the demand for ICT services in the education sector, thereby driving the growth of the market. Technavio’s analysts have predicted that the information and communications technology services in education market will register a CAGR of over 4% by 2023.
Rising investments in developing ICT infrastructure
One of the most prominent factors that will likely drive the growth of the market is the significant increase in the number of investments by governments for developing ICT infrastructure across schools and colleges. Governments of developed and developing countries have significantly increased their ICT spending across schools and universities due to the rise in technological advances across the education sector and the growing competition among students.
Data privacy and security risks
Rising student data security and privacy issues associated with outsourced ICT services are major factors hindering the market growth. The threat of cybersecurity is also high in the market. The increasing adoption of security solutions in the industries. The low awareness of cybersecurity among students is another factor that contributes to increased security and data breaches.
For the detailed list of factors that will drive and challenge the growth of the information and communications technology services in education market during the 2019-2023, view our report.
The information and communications technology services in the education market is fragmented. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
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