Kenneth Research added a report on Higher Education Market into the repository of market research reports. The report includes in-depth analysis on the growth drivers, expansion opportunities, restraints and challenges and the recent trends in the market. The growth of the Higher Education Market can be attributed to the high demand for services, such as, insurance services, training, consulting, mobile phone insurance, retail banking, mutual fund investment, and other financial services. According to the data by the World Bank, services attributed to 64.334% of the global gross domestic product (GDP) in 2019, up from 63.823% in 2018. Moreover, the service sector valued at USD 56.748 trillion in 2019. Service sector is the third tier of the three-sector economy. On the other hand, the rapid penetration of internet services, is further estimated to boost the market growth. According to the other World Bank data, 56.727% of the global population is using internet services, up from 49.907% in 2018.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Higher Education Market products.
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The higher education market is commonly defined as learning that is imparted through contexts such as social and content interactions with the help of hardware such as personal computers (PCs), interactive white boards (IWBs), etc. These solutions are focused on improving the overall learning experience for the end users that require constant and situated learning support.
Higher education is an optional final stage of formal learning that occurs after completion of secondary education. Higher education includes teaching, research, exacting applied work, and social services activities of universities. Higher Education benefits the society in several ways including EURoe economic growth and stability, happier and healthier lives, unity and trust, and employability.
As per Technavio, the emergence of transitional education (TNE) will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will affect market growth over 2019-2026.
The major players in the market are as follows:
Cisco Systems, Inc
*Interactive White Boards
*Content and Collaboration solutions
*Data Security and Compliance Solutions
*Campus Technology Solutions
*Student and Curriculum Solutions
*Performance Management Solutions
*Training and Support
Rest of Europe
Rest of Asia-Pacific
Rest of LATAM
Middle East & Africa
Rest of MEA
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