Albany, NY -- (SBWire) -- 12/15/2015 --The cloud computing market in K-12 in the US will grow at a remarkable CAGR of around 24% by 2020. The growing need to integrate up-to-date technologies in educational institutions will lead to the alteration of traditional teaching methodologies. This alteration of the traditional teaching methodologies will result in the augmented adoption of cloud computing services as it plays a vital role in reducing the costs of building and maintaining the infrastructure associated with the traditional form of teaching.
Reduction in the total cost of ownership is the primary growth driver for this market. Since cloud computing solutions simplify the creation and management of on-premise systems, education organizations can solely focus on the teaching process. The ability of cloud-based solutions to outsource work to third-party service providers rather than the end-user will result in its augmented adoption during the predicted period.
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The cloud computing market in K-12 in the US is highly fragmented owing to the presence of numerous small, medium, and large players. The vendors in this market continually strive to provide innovative features to consumers as it helps them to increase their market share. This market is also expected to witness the entry of numerous pure-play vendors and local cloud vendors, which in turn will lead to increased market competition during the forecast period.
The top six vendors in the market are:
Adobe
Cisco
EMC
NetApp
Salesforce.com
SAP
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Technavio market research analysts estimate the IaaS services segment to be the largest market segment during the predicted period. The ability of this service model to aid in accessing, monitoring, and managing data center infrastructures is a critical factor that will bolster the computation, storage, and networking capabilities of educational institutions. The ability of this service model to reduce the need for hardware support will lead to its augmented adoption during the predicted period.
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US Cloud Computing Market in K-12 to Grow at a CAGR of Around 24% During 2016-2020 - Market Analysis by Key Vendors and Key Regions
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