DUBLIN--(BUSINESS WIRE)--May 4, 2021--
The "Cloud Computing in Education - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Cloud Computing in Education Market to Reach $80.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Cloud Computing in Education estimated at US$19.6 Billion in the year 2020, is projected to reach a revised size of US$80.7 Billion by 2027, growing at a CAGR of 22.4% over the analysis period 2020-2027.
Software-as-a-Service (SaaS), one of the segments analyzed in the report, is projected to record a 20.7% CAGR and reach US$30.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Platform-as-a-Service (PaaS) segment is readjusted to a revised 24.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.8 Billion, While China is Forecast to Grow at 22% CAGR
The Cloud Computing in Education market in the U.S. is estimated at US$5.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.2 Billion by the year 2027 trailing a CAGR of 22% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20% and 19.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.8% CAGR.
Infrastructure-as-a-Service (IaaS) Segment to Record 22.3% CAGR
In the global Infrastructure-as-a-Service (IaaS) segment, USA, Canada, Japan, China and Europe will drive the 22.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.2 Billion in the year 2020 will reach a projected size of US$17.1 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9.6 Billion by the year 2027.
Select Competitors (Total 34 Featured):
- Adobe Systems, Inc.
- Amazon Web Services, Inc.
- Cisco Systems, Inc.
- Ellucian Company L.P.
- IBM Corporation
- Microsoft Corporation
- NEC Corporation
- Oracle Corporation
- VMware, Inc.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- UNITED STATES
- UNITED KINGDOM
- REST OF EUROPE
- REST OF WORLD
- Total Companies Profiled: 34
For more information about this report visit https://www.researchandmarkets.com/r/u6w9a0
View source version on businesswire.com:https://www.businesswire.com/news/home/20210504006048/en/
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SOURCE: Research and Markets
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PUB: 05/04/2021 12:09 PM/DISC: 05/04/2021 12:09 PM