Cloud Computing in Education Sector Market Size and Forecast
The academic experience has been revolutionized with the use of cloud-based computing in the educational field. Cloud computing assists schools in meeting their data protection standards, ensuring the safety of pupils and personnel information.
Anything that includes offering hosting services via the internet is referred to as cloud computing. It is a form of computing that relies on pooling system resources instead of on-site servers or peripherals to run applications.
Students may choose how they exhibit their understanding of cloud-based computing technology, and they can do so using a variety of technologies. Instructors and learners may personalize coursework in the cloud to match the requirements of individual pupils.
Market Forecast for Cloud Computing in the Education Sector
Between 2020 and 2027, the Cloud Computing market in the education sector is expected to develop at a CAGR of 24.58%, from USD 15.31 billion in 2019 to USD 89.53 billion in 2027.
The market’s key drivers include the rising requirement for a unified system for managing academic activities and competitiveness among institutions of higher learning. Furthermore, increased rivalry among universities and institutions is supporting market growth.
Moreover, with the increased usage of smart devices such as iPods, Kindles, and smartphones, allowing learners to utilize learning materials on these gadgets can help them access academic materials remotely.
These are the variables that contribute to the market’s continued expansion. However, considerations such as data security are a significant stumbling block to the market’s overall expansion.
Players to Watch
Adobe Systems, Inc., Ellucian Company L.P., Amazon Web Services, Inc., VMware, Inc., Cisco Systems, Inc., IBM Corporation, Oracle Corporation, NetApp, Microsoft Corporation, and NEC Corporation are among the critical cloud computing players in the education industry.
Private schools and universities have significantly grown in cloud-based computing, especially in the higher education industry, and are likely to rise at a phenomenal rate over the forecast period till 2027. This expansion can be linked to private higher learning institutions’ overreliance on I.T. to meet their needs. These facilities are provided to instructors and students using I.T. that may be accessed through web browsers.
Furthermore, private universities are quickly incorporating cloud-enabled computing technology into their infrastructures since it aids in enhancing campus productivity, lowering I.T. implementation footprints, and increasing overall profitability. As a result, such impacts are believed to accelerate the use of cloud-enabled computing to meet the needs of higher learning applications.
North America is predicted to lead cloud-based computing in the education market, trailed by Europe and the Asia pacific. The expansion is attributed to the educational institution’s readiness to integrate sophisticated technology into their educational systems to provide better experiences for staff, pupils, executives, and researchers.
Additionally, vital instructional institutions such as Massachusetts Institute of Technology, Harvard University, University of California-Berkeley, University of Oxford, and Stanford University are located in North America.
Top Cloud Computing Market Drivers in the Education Sector
The cloud computing market has been growing exponentially over the last few years. Below are some of its major driving factors:
Reduced Ownership Costs
The increased usage of cloud computing services helps educational institutions to spend more cost-effectively on the necessary infrastructure to offer high-quality education. Cloud computing enables schools and universities to improve their current facilities with cutting-edge technology without incurring additional capital expenditures.
In addition, employee costs are lowered at a far faster rate. Third-party suppliers cover a large portion of the expenditures involved with maintaining and operating the current infrastructure, easing the pressure on the I.T. team.
Popularization of Learning Analytics
The academic industry has benefited from the sheer growing influence of third-party platform solutions like mobile computing, cloud computing, and big data.
Some academic establishments are using A.I. to process acquired data on numerous cloud platforms to maintain records of student activities and create significant development areas. This boosts student or instructor retention rates while also assisting pupils with tailored learning.
Rising Adoption of Mobile Technology
Due to the increasing use of portable devices like handsets, tablets, and other similar devices in classroom settings, mobile learning is becoming more widely used by academic institutions worldwide.
In sophisticated economies, such as the United States and the United Kingdom, increasing acceptance of BYOD rules and robust I.T. architecture allows students to bring their smartphones to class. This helps them in boosting the learning opportunity for both learners and lecturers. Cloud computing is a critical component of data exchange in the class.
Innovation and the relevance of cloud-based computing have created substantial transformations in schooling and how pupils study during the last 12 years.
Cloud technology is one method for fostering an environment of creativity in schools. Cloud computing creates an opportunity for all individuals to adapt. It provides a potential for classroom innovation and perks that are resource-friendly and safe.