The report on the cloud computing in education market considered 2015 as base year and the forecast period from 2016 to 2021. The cloud computing in education market aims at providing internet-based services to K-12 and higher education in order to streamline their business management and teaching-learning processes.
Northbrook, IL -- (SBWIRE) -- 12/19/2018 -- According to a new market research report "Cloud Computing In Education Market by Service Model (SaaS, PaaS, and IaaS), Deployment Model (Private Cloud, Public Cloud, Hybrid Cloud, and Community Cloud), User Type (K-12 and Higher Education) and Region - Global Forecast to 2021", The market is estimated to grow from USD 8.13 Billion in 2016 to USD 25.36 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 25.6% from 2016 to 2021.
Cloud computing solutions in the education industry allow efficient management of business processes and effective knowledge delivery to students. This results in higher student engagement, better collaboration among stakeholders, and improved student performance. The growing need for a centralized system for the management of academic processes and competition among academic institutions are the major driving forces of the cloud computing in education market.
Software as a Service (SaaS) and Infrastructure as a Service (IaaS) service models are expected to be the largest contributors in the global cloud computing in education market during the forecast period
SaaS and IaaS are expected to be the major contributors in the service model segment of the cloud computing in education market. These service models continue to develop as business drivers for the education industry as they enable institutes to increase their global reach and target students from every corner of the world.
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Hybrid cloud and community cloud deployment models are expected to show significant adoption rate in the cloud computing in education market
Hybrid cloud is gaining traction among educational institutions as it leverages the advantage of both private and public cloud. Due to the difficulties involved in collaborations among various educational institutes and agreements on sharing resources, community cloud is the least preferred choice. Educational institutes that are aiming at collaborative learning and inter-domain R&D are mainly adopting community cloud. These cloud computing deployment models are fast becoming an attractive option for the delivery of education services.
The North American region is expected to contribute the maximum market share to the overall cloud computing in education market
The high adoption of cloud technology in North America, particularly in the U.S. and Canada, is the major reason for the growth of cloud computing in education. Furthermore, the market is in the emerging stage in the regions of Asia-Pacific (APAC), Europe, and Latin America owing to growing technological developments in the field of cloud, analytics, and the emergence of mobile technologies.
The major vendors in the cloud computing in education market include Adobe Systems (U.S), Cisco Systems (U.S.), IBM (U.S.), Oracle (U.S.), Microsoft (U.S.), and others.
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