The global higher education catalog and curriculum management software market was valued at USD 1,903.4 Million in 2019 and is projected to reach USD 4,113.0 Million by 2027, expanding at a CAGR of 10.0% during the forecast period. The demand for higher education catalog and curriculum management software is growing as many countries are encouraging education on online platforms after Covid-19 pandemic. Moreover, players operating in higher education catalog and curriculum management software market are focusing on finding new concepts and ideas for the Software to make them more attractive and educational for the young crowd.
The market dynamics are changing rapidly in the education sector. According to EdSurge, around USD 1.7 Billion was invested in 2019 by venture capital funds into the educational technology in the US. Around USD 18.7 Billion was invested globally for e-learning in the same year. Moreover, several private equity funds are being raised primarily to invest in the educational infrastructure. This, in turn, is projected to fuel the higher education catalog and curriculum management software market during the forecast period. Moreover, currently, there is a worldwide concern that there is huge gap between the learning outcomes and the growth of education sector. The extent of the learning gap is largely unknown, as many countries do not have enough comprehensive data on student’s progress in the course. The curriculum management software provides real-time status of a student’s course and the learning outcomes. Daily monitoring can show changes over time in response to initiatives to improve student the outcomes and additional data for decision-making. This drives the growth of the market.
Additionally, The Internet has been one of the most transformative and fast-growing technologies. Currently, there are 4.66 billion Internet users worldwide. The use of Internet has been growing at a high pace in countries such as India, Bangladesh, Cote d’Ivoire, Ghana, and Malawi where the number of users doubles every year. Increasing digitalization across the globe is encouraging individual consumers and large economies to adopt Internet facilities. Governments of developing economies are supporting Internet penetration in educational institutes. This, in turn, is projected to increase the adoption of curriculum management software during the forecast period.
Vertical education needs digital transformation, which in turn, results in phishing attacks, ransomware, malware, and other forms of attacks from hackers. Hackers are targeting vertical higher education, as they have personal information about users and instructors. The existing and new enrolments of students and instructors give hackers huge amount of information for phishing. These factors are increasing security issues in curriculum management software. According to the Verizon Data Brach investigation survey, the infringements have risen to approximately 46% using curriculum software for higher education. This creates data privacy concerns and hampers the market growth.
A major drawback of designing lesson plans or curriculum designs with the help of a dedicated software tool is finding ways to easily store and distribute course plans. The recent advances in cloud computing have made it possible for curriculum management software to transfer the storing of these plans to the cloud, allowing for better access. Multiple teachers or administrators can access a cloud-based curriculum that can help educators match the teaching priorities and practices. This, in turn, increases the demand for high education catalog and curriculum management software.
Furthermore, The COVID-19 pandemic has created several opportunities for this market by restructuring the conventional teaching, classroom-based education system. Rapid transition to online mode has helped sustain the continuity of education services and usage of software is aligned with the objective of completing the current academic year. Rapid transition to online education has benefited students; however, it has also given rise to global momentum for continuing education. Thus, propelling the demand for higher education catalog and curriculum management software.
By Types Segment
On the basis of types, the cloud-based segment held significant value share of the market in 2019. The segment is projected to account for the largest share of the market during the forecast period. In terms of revenue. Furthermore, the on-premises segment is anticipated to expand at a lucrative CAGR between 2020 and 2027. The Y-o-Y growth of the on-premises segment was improved due to the onset of COVID-19 pandemic between 2019 and 2020. Major benefits of cloud-based segment such as low cost, easy access and organized functioning is expected to boost the demand for cloud-based deployment mode. Thus, in turn propelling the market growth.
By Applications Segment
Based on applications, the higher education catalog and curriculum management software market is divided into school, colleges/universities, and vocational institutions. The colleges/universities segment is expected to hold a significant share of the market. The vocational institutions segment is projected to expand at a substantial CAGR during the forecast period. Rising adoption of higher education catalog and curriculum management software by schools, universities/colleges, and vocational institutes is expected to boost the demand for higher education catalog and curriculum management software. Curriculum management software are widely used by teachers and professors, curriculum coordinators, academic departments, and administrative evaluators for organizing the overall process in their organization, to enable everyone to keep a track of the entire course and learning activities.
Based on regions, the higher education catalog and curriculum management software market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold a significant share of the market due to increasing adoption of higher education catalog and curriculum management software by schools, colleges/universities, and vocational institutes. Moreover, increasing number of universities and students’ enrolments in the region is expected to boost the market growth.
The market in Asia Pacific is projected to expand at a considerable CAGR during the forecast period owing to the growing number of students enrolling in higher education and increasing number of universities in the region.
Some frequently asked quetions about this report!
Additional company profiles can be provided on request.
Yes, the report covers types of higher education catalog and curriculum management software such as cloud-based and on-premises software.
According to this Growth Market Reports report, the market from higher education catalog and curriculum management software is likely to register a CAGR of 10.0% during forecast period 2020-2027, with an anticipated valuation of USD 4,113.0 million by the end of the 2027.
In addition to market size (in USD Million) and Company Market Share (in % for base year 2019), other data such Macro-economic factors, COVID-19 Impact on the higher education catalog and curriculum management software market is available in final report.
The higher education catalog and curriculum management software market is anticipated to grow significantly during forecast period due to rising infrastructure investments in educational institutes. Moreover, growing internet penetration around the world.
School, colleges/ universities, vocational inst. analysis are the key applications driving the market growth.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness noticeable growth during 2019-2020 owing to the positive impact of COVID-19 pandemic on the higher education catalog and curriculum management software market.
The base year considered for the global higher education catalog and curriculum management software market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Major Manufactures include Akari Software, Anthology Inc., Creatrix Campus, DIGARC, Kuali, Inc., Leepfrog Technologies, Inc., Oracle Corporation, Watermark, Workday, Inc., Worktribe Limited.
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