The "North America Academic Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Deployment and Application" report has been added to ResearchAndMarkets.com's offering.
Cloud Segment to Dominate North America Academic Software Market during 2019-2027
North America Academic software Market to 2027 is expected to reach US$ 809.26 million by 2027 from US$ 270.63 million in 2019. The market is estimated to grow at a CAGR of 15.2% from 2020 to 2027.
The report provides trends prevailing in the North America academic software market along with the drivers and restraints pertaining to the market growth. Growing acceptance of E-Learning across academic institutions is the major factor driving the growth of the North America academic software market. However, issues associated with free academic software availability hinders the growth of North America academic software market.
The North America academic software market is segmented into system type, belt type, industry, and country. Based on deployment, the North America academic software market is segmented into cloud and on-premise. In 2019, the cloud segment accounted for a higher share in the market. Based on application, the North America academic software market is segmented into colleges and universities, educational services, and others. Colleges and universities segment held a substantial share of North America academic software market during the forecast period.
North America is adversely affected by the COVID-19 outbreak. Owing to the favorable government policies to boost innovation and reinforce infrastructure capabilities, North America have the highest acceptance and development rate of emerging technologies. Any hindrance on industries is therefore projected to hamper the region's economic development.
Currently, due to the COVID-19 outbreak, the US is the worst-affected country in the region, thus affecting the sudden stands still across all the industries present in the region. It is becoming apparent with the pandemic spreading across the US that a few can escape its scope, presenting significant challenges to all industries.
The education sector is positively affected by the outbreak as all schools, colleges, and universities are temporarily closed to control the spread of the virus. Eventually, with the high support from the government, the students in North America are shifting to online studies from offline learning methods.
Alma; Software Advice, Inc.; ConexED; Envisio; PowerVista Software, Inc.; Qualtrics; Tophatmonocle Corp.; TrueDialog; WizeHive are among the leading companies in the North America academic software market.
The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
For instance, in 2020, Top Hat raised $55-million in debt and equity financing as it prepares to partner with small publishers.
Key Topics Covered:
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
4. North America Academic Software Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Academic Software Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Acceptance of E-Learning Across Academic Institutions
5.2 Impact Analysis of Drivers and Restraints
6. Academic Software Market - North America Analysis
6.1 North America Academic Software Market Overview
6.2 North America Academic Software Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Five Key Players
7. North America Academic Software Market Analysis - by Deployment
7.2 North America Academic Software Market, by Deployment (2019 and 2027)
8. North America Academic Software Market Analysis - by Application
8.2 North America Academic Software Market, by Application (2019 and 2027)
8.3 Colleges and Universities
8.4 Educational Services
9. North America Academic Software Market - Country Analysis
10. Impact of COVID-19 Pandemic on North America Academic Software Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
Software Advice, Inc.
PowerVista Software, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/as6xfy
View source version on businesswire.com: https://www.businesswire.com/news/home/20210308005386/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900