According to Benzinga, the global cloud computing in higher education market is expected to grow at a CAGR of 19.2% during the forecast period 2020-2030. This growth is attributed to the increasing demand for cloud-based solutions in the higher education sector. The report also states that the increasing demand for digital learning solutions and the rising need for cost-effective solutions are the major factors driving the growth of the market. Furthermore, the growing trend of online education and the increasing adoption of cloud-based solutions are expected to provide lucrative opportunities for the market growth.
Opinion:
The increasing demand for cloud-based solutions in the higher education sector is certainly an encouraging sign. However, it is important to note that the adoption of cloud-based solutions is still in its early stages and there are still many challenges that need to be addressed. For example, the lack of awareness about the benefits of cloud-based solutions and the lack of technical expertise to manage them are some of the major challenges that need to be addressed. Additionally, the security and privacy of data stored on the cloud is another major concern that needs to be addressed.
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