Cloud Based Academic Advising Software For Higher Education Institutes Market Size By Deployment Model, By Functionality, By End-User, By Geographic Scope And Forecast
Report ID: 416242|No. of Pages: 202
Cloud Based Academic Advising Software For Higher Education Institutes Market Size By Deployment Model, By Functionality, By End-User, By Geographic Scope And Forecast
Cloud based Academic Advising Software for Higher education Institutes Market Size And Forecast
Cloud based Academic Advising Software for Higher education Institutes Market is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2024 to 2031.
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Global Cloud based Academic Advising Software for Higher education Institutes Market Drivers
The market drivers for the Cloud based Academic Advising Software for Higher education Institutes Market can be influenced by various factors. These may include:
- Growing Need for Solutions Focused on Students: Higher education institutions are looking for software solutions that can offer students individualized academic advising services as the emphasis on personalized learning experiences grows.
- Growing Enrollment Rates: Universities and colleges are having trouble efficiently administering academic advising services for sizable student populations as enrolment rates for higher education continue to climb globally. Software that is hosted on the cloud provides flexibility and scalability to handle growing student populations.
- Data analytics is becoming: a more important tool for academic institutions to use when making decisions concerning student performance and retention. With the use of real-time data and analytics made possible by cloud-based academic advising software, educational institutions may recognize students who are at-risk and take preventative action.
- interface with Student Information Systems (SIS): Adoption of academic advising software depends on a smooth interface with current SIS. Interoperability between cloud-based solutions and SIS platforms facilitates data sharing and streamlines administrative procedures.
- Cloud-based academic advising software: has become more widely used as a result of the trend toward remote learning and virtual advising brought on by events like the COVID-19 epidemic. Educational institutions are allocating resources towards technological solutions that facilitate remote advisor-student collaboration and communication.
- Scalability and cost-effectiveness: Software hosted in the cloud dispenses with the requirement for on-premises infrastructure, hence lowering the initial expenses linked to software implementation. Additionally, because of its scalability, organizations can modify their resources in response to fluctuations in demand without having to make large investments in IT staff or hardware.
- Enhanced Student Engagement and Retention: By offering self-service resources, interactive dashboards, and avenues for contact between students and advisors, academic advising software improves student engagement. Institutions can raise student satisfaction and retention rates by enhancing the overall student experience.
- Competitive Environment and Market Dynamics: In order to draw and keep students, schools in the higher education sector must adapt cutting-edge technologies due to the industry’s intense competition. Investing in cloud-based academic advising software gives institutions a competitive edge by enabling them to provide services that are up to date, effective, and student-focused.
Global Cloud based Academic Advising Software for Higher education Institutes Market Restraints
Several factors can act as restraints or challenges for the Cloud based Academic Advising Software for Higher education Institutes Market. These may include:
- Data Security Concerns: Because student information is sensitive, organizations may be hesitant to store it on cloud-based systems for fear of privacy violations and data security lapses. Complying with laws like the CCPA and GDPR makes cloud data management more difficult.
- Integration Challenges: Although cloud-based solutions have advantages, integrating advising software with current systems such as learning management systems (LMS), student information systems (SIS), and other academic tools can be difficult and time-consuming. Problems with data migration and compatibility could prevent a smooth integration.
- Opposition to Change: Academic institutions’ stakeholders, such as teachers, staff, and administrators, frequently oppose the adoption of new technologies. Adoption attempts may be hampered by skepticism about the efficacy of cloud-based advising software and resistance to altering current advising procedures.
- Digital Divide and Accessibility Problems: The efficiency of cloud-based advising software may be impacted by socioeconomic differences among students, which may lead to unequal access to technology and digital resources. Schools need to make sure that all pupils, especially those with restricted internet connectivity or disabilities, can use the program.
- Lack of Customization and Flexibility: Certain cloud-based software solutions for advising might not be able to adapt to the particular requirements and preferences of various institutions. Institutions may find it more difficult to customize advising services to the unique needs of their student bodies and academic programs if they have few alternatives for customization.
- Vendor lock-in: Organizations that use cloud-based advisory software run the risk of growing reliant on particular suppliers for upkeep, upgrades, and support over time. Vendor lock-in may make it more difficult for organizations to negotiate better terms or move to other solutions, which could result in increased long-term expenses.
- Cost considerations: Although cloud-based solutions may be less expensive than on-premises software, budget-constrained institutions, especially smaller colleges and universities, may find it difficult to pay for ongoing subscription fees as well as extra costs for customization, training, and support.
- Institutional Policies and Regulatory Compliance: In highly regulated environments, compliance with institutional policies and regulatory requirements pertaining to data governance, academic standards, and student privacy may place limitations on the use and functionality of cloud-based advising software.
Global Cloud based Academic Advising Software for Higher education Institutes Market Segmentation Analysis
Global Cloud based Academic Advising Software for Higher education Institutes Market is segmented based on Deployment Model, Functionality, End-User And Geography.
Cloud based Academic Advising Software for Higher education Institutes Market, By Deployment Model
- Public Cloud: Academic advising software hosted on third-party cloud infrastructure, offering scalability and accessibility to multiple institutions.
- Private Cloud: Customized academic advising solutions hosted on dedicated cloud infrastructure, providing greater control and security for individual institutions.
- Hybrid Cloud: Academic advising software deployment model combining elements of both public and private clouds, allowing institutions to balance scalability and data security according to their needs.
Cloud based Academic Advising Software for Higher education Institutes Market, By Functionality
- Student Scheduling and Planning: Tools and features enabling students to plan their academic schedules and track progress towards degree completion.
- Degree Audit and Progress Tracking: Functionality for students and advisors to assess degree requirements, monitor academic progress, and ensure timely graduation.
- Course Registration and Enrollment Management: Features facilitating the registration process, course selection, and management of student enrollment in academic programs.
- Academic Performance Monitoring: Tools for tracking and analyzing students’ academic performance, identifying areas for improvement, and providing timely interventions.
Cloud based Academic Advising Software for Higher education Institutes Market, By End-User
- Universities: Academic advising software tailored to the needs of large-scale university environments, serving diverse student populations across various academic disciplines.
- Colleges: Solutions designed to meet the academic advising needs of smaller, specialized colleges offering undergraduate and graduate programs.
- Community Colleges: Academic advising software catering to the unique requirements of community colleges, including vocational training and transfer programs.
- Online Learning Platforms: Advising tools integrated into online learning platforms, supporting virtual advising services for distance learners and non-traditional students.
Cloud based Academic Advising Software for Higher education Institutes Market, By Geography
- North America: Market conditions and demand in the United States, Canada, and Mexico.
- Europe: Analysis of the Cloud based Academic Advising Software for Higher education Institutes Market in European countries.
- Asia-Pacific: Focusing on countries like China, India, Japan, South Korea, and others.
- Middle East and Africa: Examining market dynamics in the Middle East and African regions.
- Latin America: Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Cloud based Academic Advising Software for Higher education Institutes Market are:
- Ellucian
- Watermark
- Workday Student
- Jenzabar One
- Salesforce Education Cloud
- OpenEduCat
- Panorama Education
- Achieve
- Ellucian Colleague Student
- Naviance by PowerSchool
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2020-2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Period | 2020-2022 |
| Key Companies Profiled | Ellucian, Watermark, Workday Student, Jenzabar One, Salesforce Education Cloud, OpenEduCat, Panorama Education, Achieve, Ellucian Colleague Student, Naviance by PowerSchool |
| Segments Covered | By Deployment Model, By Functionality, By End-User, and By Geography. |
| Customization Scope | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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Frequently Asked Questions
1. Introduction
· Market Definition
· Market Segmentation
· Research Methodology
2. Executive Summary
· Key Findings
· Market Overview
· Market Highlights
3. Market Overview
· Market Size and Growth Potential
· Market Trends
· Market Drivers
· Market Restraints
· Market Opportunities
· Porter’s Five Forces Analysis
4. Cloud based Academic Advising Software for Higher education Institutes Market, By Deployment Model
• Public Cloud
• Private Cloud
• Hybrid Cloud
5. Cloud based Academic Advising Software for Higher education Institutes Market, By Functionality
• Student Scheduling and Planning
• Degree Audit and Progress Tracking
• Course Registration and Enrollment Management
• Academic Performance Monitoring
6. Cloud based Academic Advising Software for Higher education Institutes Market, By End-User
• Universities
• Colleges
• Community Colleges
• Online Learning Platforms
7. Regional Analysis
· North America
· United States
· Canada
· Mexico
· Europe
· United Kingdom
· Germany
· France
· Italy
· Asia-Pacific
· China
· Japan
· India
· Australia
· Latin America
· Brazil
· Argentina
· Chile
· Middle East and Africa
· South Africa
· Saudi Arabia
· UAE
8. Market Dynamics
· Market Drivers
· Market Restraints
· Market Opportunities
· Impact of COVID-19 on the Market
9. Competitive Landscape
· Key Players
· Market Share Analysis
10. Company Profiles
• Ellucian
• Watermark
• Workday Student
• Jenzabar One
• Salesforce Education Cloud
• OpenEduCat
• Panorama Education
• Achieve
• Ellucian Colleague Student
• Naviance by PowerSchool
11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
12. Appendix
• List of Abbreviations
• Sources and References
Report Research Methodology
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Exploratory data mining
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For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
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The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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Cloud Based Academic Advising Software For Higher Education Institutes Market
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