AÂ MarketsandMarketsÂ report forecasts a compound annual growth rate of 25.6 percent for the global cloud computing in education marketÂ over the next five years.
The 151-page report estimates that revenue for education-related cloud computing products and servicesÂ will reachÂ $25.36 billion by 2021 from $8.13 billion in 2016,Â the RnR Market ResearchÂ said Oct. 6.
Public cloud deployment type is projected toÂ account for the largestÂ market shareÂ this year due to the growingÂ adoptionÂ of web and mobile applications, the report noted.
MarketsandMarkets also predicts that the platform-as-a-service model will haveÂ the highest growth rate among cloud delivery platforms over the five-year forecast period sinceÂ PaaS applications do not require constant updates.
The adoption of cloud services by Asia-Pacific educationalÂ organizations will trigger industry growth in the region, the reportÂ noted.