This market research report includes a detailed segmentation of the cloud computing market in K-12 in the US by services (SaaS, PaaS, and IaaS) and by deployment model (public and private). It also outlines the market share analysis of the leading companies, including Adobe, Cisco, EMC, NetApp, Salesforce.com, and SAP.
Technavio has released its new market research report, cloud computing market in K-12 in the US, which is expected to generate revenues of $2.5 billion between 2016 and 2020. The growing need to integrate up-to-date technologies in educational institutions has led to the augmented adoption of cloud computing services as it plays a vital role in reducing the costs of building and maintaining the infrastructure associated with the traditional form of teaching.
“One of the interesting trends gaining traction in this market is the increasing implementation of hybrid cloud model in educational institutions. Besides being economical, this model allows direct access to private infrastructure and not through the public cloud. This eventually reduces access time and latency as it offers more flexibility and customization options when compared to private and public cloud,” says Jhansi Mary, Lead Analyst, Education, Technavio Research.
Reduction in the total cost of ownership is the primary growth driver for this market. Since cloud computing solutions simplify the creation and management of on-premise systems, education organizations can solely focus on the teaching process. The ability of cloud-based solutions to outsource work to third-party service providers rather than the end-user will result in its augmented adoption during the predicted period.
The leading vendors in the cloud computing market in K-12 in the US include Adobe, Cisco, EMC, NetApp, Salesforce.com, and SAP. This market is highly fragmented owing to the presence of numerous small, medium, and large players. The vendors in this market continually strive to provide innovative features to consumers as it helps them to increase their market share. This market is also expected to witness the entry of numerous pure-play vendors and local cloud vendors, which in turn will lead to increased market competition during the forecast period.
A more detailed analysis is available in the Technavio report, Cloud Computing Market in K-12 in the US 2016-2020.
We can customize this reports by other regions and specific segments upon request.
Other related reports:
- K-12 Technology Spend in the US 2015-2019
- Learning Management System (LMS) Market in the US 2015-2019
- Virtual Schools market in the US 2015-2019
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