MarketsandMarkets, a market research and consulting company based in the U.S., has presented report titled "Cloud Computing in Education Market by Service Model (SaaS (News - Alert), PaaS, IaaS), by Deployment Model (Private Cloud, Public Cloud, Hybrid Cloud, and Community Cloud), by User Type (K-12, Higher Education) - Worldwide Market Forecasts and Analysis (2014-2019)".
This report states that the global cloud computing in education market will grow from $5.05 billion in 2014 to $12.38 billion by 2019, at a CAGR of 19.9 percent.
The report discusses the factors driving this market, various restraints and opportunities impacting it, along with the adoption trends. It defines and segments the global cloud computing market in education into various sub-segments, with an in-depth analysis and forecasting of market sizes.
Cloud computing is revolutionizing the education sector by saving money, space, and time for students, teachers, and administrators. The vendors of cloud services are offering stronger communication, disaster planning, and faster data recovery remotely.
The major factors which are accelerating the growth of this market are the cost flexibility with reduced implementation and maintenance cost, enhanced infrastructure scalability, evolving needs by mobile workforce, and the indispensible requirement to be technologically advanced.
MarketsandMarkets has segmented the Cloud Computing Market in Education by regions: North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA); by educational software: academic software and non-academic software; by service model: Software as a Service (Saas), Platform as a Service (Paas), and Infrastructure as a Service (Iaas); by users:K-12 and higher education; by deployment model: private cloud, public cloud, hybrid cloud, and community cloud.