Technavio, a tech-focused market research firm, has published a new report on the global cloud-based CMS market for higher education, which is expected to experience an exponential growth at a CAGR of over 30% during the forecast period.
This latest report by Technavio covers the market outlook and growth prospects of the global cloud-based CMS market for higher education for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio’s market researchers segment the global cloud-based CMS market for higher education into the following key regions: APAC, Europe, North America, and ROW.
Geographical segmentation of the global cloud-based CMS market for higher education for 2015
|
North America |
55.85% |
|
Europe |
23.68% |
|
APAC |
15.25% |
|
ROW |
5.22% |
Source: Technavio
North America: Largest revenue generating region for cloud-based CMS market for higher education
The cloud-based CMS market for higher education in North America was valued at over $330 million in 2015 and is expected to grow at a CAGR of more than 31% by 2020. The majority of higher educational institutions in this region have adequate digital infrastructure facilities which is attributing to the growth of the market in this region. The presence of such facilities enables easier deployment of various online software solutions and other education technologies. The integration of these solutions on cloud platforms is enabling universities and other educational institutes to accelerate their campus-wide activities.
“The schools and colleges in North America are investing in the development of an online library of study materials. Theses libraries can be accessed by faculty, administrators, and students of the educational institutions. This development has resulted in the adoption of the BYOD policy at the student and faculty levels. The content can be designed and delivered in the requested format to the end-users’ device as per their requirements. The scalability and management of cloud-based processes and activities are less complicated,” says Jhansi Mary, a lead analyst at Technavio, specializing in research on education technology.
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Cloud-based CMS market for higher education in Europe
The cloud-based CMS market for higher education in Europe was valued at around $140 million in 2015 and is expected to grow at a CAGR of almost 32% by 2020. The investments in education content management made by schools and colleges in Europe to improve business prospects and efficiency by gaining better visibility on the internet will fuel the market’s growth. Educational institutes are digitizing classroom software to promote an effective way of imparting education to students of K-12 and higher education. Countries like the UK, Germany, and France are adopting new and advanced technologies such as LCMS to improve the quality of education in the region. The market is also witnessing an increase in e-learning content vendors in the form of education technology start-ups like DigiSchool and Labster.
Cloud-based CMS market for higher education in APAC
The cloud-based CMS market for higher education in APAC was valued at about $90 million in 2015 and is expected to grow at a CAGR of over 22% by 2020. The educational institutions are focusing on implementing a secure cloud computing environment in education technology. The adoption of content digitalization techniques is increasing the prospects of e-learning in the market. The learners are slowly becoming more inclined toward gaining knowledge through various modes of learning. The content developers and instructors are investing in content management software to make the process of content creation faster and more cost-effective. The largest consumers for this platform are countries like China, India, Myanmar, Thailand, Malaysia, and Vietnam.
Cloud-based CMS market for higher education in ROW
The cloud-based CMS market for higher education in ROW was valued at almost $31 million in 2015 and is expected to grow at a CAGR of over 27% by 2020. The Middle Eastern government has taken initiatives to implement mass digitalization processes in schools and universities. The market is growing rapidly with the help of government policies and initiatives to promote the culture of learning online. For instance, the Programme for Infrastructure Development in Africa (PIDA) is an initiative to combat the online infrastructure-related problems. This initiative is to support the digitalization of education and promoting cloud-based platforms for institutes.
The top leading vendors operating in the cloud-based CMS market for higher education are:
- Campus Suite
- Ingeniux
- OmniUpdate
- Percussion Software
Other prominent vendors in the market are Hannon Hill, Jadu, Krawler Information Systems, Schoology, White Whale Web Services, and Xyleme.
A more detailed analysis is available in the Technavio report titled, ‘Global Cloud-Based CMS Market for Higher Education 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Higher Education Financial and HRM Market 2016-2020
- LMS Market in the US 2016-2020
- Global Cloud-based Virtual Learning Platform Market 2016-2020
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