The higher education market size is poised to grow by USD 37.82 billion during 2020-2024, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Higher Education Market 2020-2024 (Graphic: Business Wire)
The growth of internationalization in the education sector is one of the key factors driving the higher education market growth. The rising need to attract the best students and staff, improve the quality of education, and generate revenue is leading several higher education institutions to internationalize education. This emerging concept has also led to the advent of new higher education partnerships, including teaching partnerships and the provision of degrees off-shore. Such rising internationalization in the education sector will further fuel the global higher education market during the forecast period.
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The major higher education market growth came from the hardware segment. The adoption of educational PCs such as desktops and laptops is increasing owing to the high percentage of the student population in the higher education sector and the growing technology-enabled classrooms. This factor is contributing to the higher education market share growth.
North America was the largest higher education market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Rising investments in modern technologies by higher educational institutions, endorsement of the use of