Global Cloud Computing in Education Sector Projected to Grow at a CAGR of 14.7% over the Forecast Period 2016-2024

New York, USA, 2018-Dec-07 — /EPR Network/ —  According to Goldstein Research, Cloud Computing in Education Sector  is estimated to grow at a CAGR of 14.7% over the forecast period 2016-2024 from USD 5.8 billion in 2016, to reach a market size of USD 17.4 billion by the end of forecast period. Educational institutes are witnessed to have increased their investments reasonably over the adoption of advanced technologies to impart good-quality education to students. Growth in such scenarios globally is driving the cloud computing in education sector . Geographically, Global Cloud Computing in Education Sector is dominated by North America, due to high penetration of advanced technologies and presence of major players in the region. Whereas, North America is followed by Europe which acquires a market share of +30%. On the other hand, Middle East region is witnessed to increasing penetration of cloud computing in education sector, and thus it is expected to grow at fastest CAGR during 2016-2024. Asia-Pacific cloud Computing in Education Sector is expected to reach USD17.4 billion by the end of 2024 from USD 5.8 billion in 2016, growing at a CAGR of 14.7%.

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Market Segmentation

Global Cloud computing in the education sector  can be segmented as follows:

By Services

• SaaS (software as a service)
• IaaS (infrastructure as a service)
• PaaS (platform as a service)

By Deployment

• Private Cloud
• Public Cloud
• Hybrid Cloud
• Community cloud

By Region

• North America Cloud computing in education sector  Analysis, 2016-2024
• Europe Cloud computing in education sector  Analysis, 2016-2024
• Middle East And Africa Cloud computing in education sector  Analysis, 2016-2024
• Latin America Cloud computing in education sector  Analysis, 2016-2024
• Asia Pacific Cloud computing in education sector  Analysis, 2016-2024
• Rest Of The World Cloud computing in education sector  Analysis, 2016-2024

 

“Global Cloud computing in education sector  Outlook 2024” contains detailed overview of the global cloud computing in education sector . On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by services, deploymentand geography.

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The Global Cloud computing in education sector Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities andinvestments. The in-depth analysis of cloud computing in education sector  report will help the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the global cloud computing in education sector discussedin the report are: Adobe Systems, Cisco, Ellucian, Dell EMC, Instructure, Microsoft, NetApp, Oracle, Salesforce.com, SAP, Blackboard,etc.

Further, Global Cloud computing in education sector  Report encompasses the major trends & growth opportunities, market dynamics and other growth factors. The Cloud computing in education sector  outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. Report also includes the expert analysis which provides complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

Cloud Computing in Education Sector  is driving on the basis of advancement in mentioned below industries:

Cloud Computing Market

Cloud Computing Market is expected to reach USD 408.3 billion by the end of 2024 from USD 105 billion in 2016, growing at a CAGR of 18.5%. The rising trend of transferring the data over the cloud by medium, small and large enterprises and private players collaborations with government are major driving factors in the growth of global cloud computing market. Where North America Cloud Computing Market is projected to reach USD 131.87 billion by 2024 and is anticipated to grow at a CAGR of 16.0% during the forecast period. Higher cloud services adoption rates in the region are contributing to the growth of North America Cloud Computing Industry.

Cloud Services Market

Cloud Services Market is estimated to grow at a CAGR of 11.4% over the forecast period 2016-2024 from USD 164.8 billion in 2016, to reach a market size of USD 390.0 billion by the end of forecast period. Increase in penetration of cloud computing in the field of infrastructure servicesalong with the hike in demand in both startup and enterprises for the shift of operations from infrastructure to the cloud such as artificial intelligence (AI) and internet of things (IoT) are the major factors that are driving the growth of global Cloud Services market.

IT Managed Services Market

IT Managed Services Market estimated at USD 145.3 billion in 2016, which is estimated to reach USD 249.4 billion by 2024, growing at a CAGR of 9.4% over the forecast period 2016-2024. Advancing technologies and services such as big data, cloud computing, and mobility services among others that tend to provide flexibility, cost efficiency and improved profit margins to the companies are majorly driving the growth of global IT managed services market