Market Size of Higher Education Learning Systems Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 14.70 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Higher Education Learning Systems Market Analysis
The Higher Education Learning Systems Market is expected to grow at a CAGR of 14.7% over the forecast period 2021 - 2026. The growing trend of digital learning, extensive government initiatives for the growth of Higher Education Learning Systems, Bring Your Own Device (BYOD) policy, and growing usage of Artificial Intelligence (AI) and Machine Learning (ML) are encouraging the growth of the market.
- When distinct innovative tools or practices are launched in the digital technology marketplace, eLearning encourages learners to adopt new changes rapidly and efficiently. Over the years, higher education learning systems are gaining wider acceptance. Technical innovations in the Learning Systems market help redefine the higher education learning process.
- The increasing acceptance of digital learning across companies is anticipated to have boosted the growth of Higher Education Learning Systems solutions. According to a survey by the Learning House, Inc., in 2019, 52% of graduate students reported that they found their online college-level education to be better than their experiences in college-level classroom learning. The change in the learning experience, as a result, is fuelling the growth of the market.
- The COVID-19 disruption has affected markets, customers' behavior, and has a substantial impact on the economies and societies. With educational institutions, offices, and manufacturing facilities shutting down for an indefinite period, major sports and events postponed, work-from-home, and social distancing policies in effect, businesses are increasingly looking for technologies to help them sail through these difficult times.
- As of March 2020, the most famous online education website worldwide was khanacademy.org, with 100.3 million visitors during the month. Following khanacademy.org was duolingo.com, with 55.6 million website visitors in March. The high number of monthly visitors to education websites in March is a result of the coronavirus pandemic. Social distancing and stay-home orders were put into place globally.
- There is a broad range of free or open-source LMS software, such as Moodle, Canvas, and Google Classroom. However, these products can be costly to implement and customize, charge extra for non-basic features, and typically do not include support staff. Commercial offerings such as Blackboard and McGraw-Hill's Connect are an alternative option.
- Through Learning Systems, businesses give their employees control to learn in their process by taking their own time. As workers use eLearning tools at their speed, there is a chance that some learners may go through leaning materials without giving attention. This reduction of control over the learning method can make some learners doubtful about utilizing eLearning for training objectives.
Higher Education Learning Systems Industry Segmentation
A Higher Education Learning Systems is a web-based or cloud-based software program which assist in the teaching-learning process and helps in the effective delivery of instruction, training, and development program. The learning system in higher education facilitates learners, instructors, and administrators to use and access to services and is beyond the restriction of time and place in the teaching and learning process.
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Higher Education Learning Systems Market Size Summary
The Higher Education Learning Systems Market is experiencing significant growth, driven by the increasing adoption of digital learning and technological advancements such as Artificial Intelligence and Machine Learning. The market is further bolstered by government initiatives and policies like Bring Your Own Device (BYOD), which encourage the integration of digital tools in educational settings. The COVID-19 pandemic has accelerated this trend, as educational institutions and businesses sought technology solutions to adapt to remote learning and work environments. The rise of eLearning platforms and flexible learning software has transformed the educational landscape, offering personalized and engaging learning experiences that cater to the needs of modern learners.
North America stands out as a key region in the Higher Education Learning Systems Market, with a strong emphasis on technological adoption and innovative learning methodologies. The region's readiness to embrace digital tools has facilitated the growth of eLearning systems, enhancing collaboration and interaction in educational contexts. The market is moderately competitive, with major players driving innovation and expanding their offerings to meet the growing demand for online education solutions. As companies continue to invest in educational technology, the market is poised for further expansion, presenting lucrative opportunities for vendors and stakeholders in the industry.
Higher Education Learning Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Online learning is now considered to be the new normal as educational institutions are focused on imparting coursework through digital platforms thereby requiring robust processes
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1.2.2 Growing investments from governments and local bodies on improving educational quality at public schools
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1.2.3 Ease of deployment and presence of several vendors has increased the bargaining leverage of institutions
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1.3 Market Challenges
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1.3.1 Growing cost of education and operational concerns related to funding in the medium-term
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1.4 Market Opportunities
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1.5 Industry Stakeholder Analysis
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1.6 Industry Attractiveness - Porter's Five Forces Analysis
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1.6.1 Bargaining Power of Suppliers
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Threat of New Entrants
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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1.7 Impact of COVID-19 on the Higher Education Learning
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Software
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2.1.1.1 Admission & Recruiting Management
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2.1.1.2 Student Information System
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2.1.1.3 Faculty Management
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2.1.1.4 Learning & Advisory
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2.1.1.5 Financial & Payroll Management
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2.1.1.6 Alumni Management
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2.1.1.7 Other Types of Software (Reporting & Analytics, Workflows, etc.)
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2.1.2 Services (Implementation, Training & Support and Consultation)
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Higher Education Learning Systems Market Size FAQs
What is the current Higher Education Learning Systems Market size?
The Higher Education Learning Systems Market is projected to register a CAGR of 14.70% during the forecast period (2024-2029)
Who are the key players in Higher Education Learning Systems Market?
Cornerstone OnDemand, Inc. , Jenzabar, Inc., Blackboard Inc., SAP SE and D2L Corporation are the major companies operating in the Higher Education Learning Systems Market.