Cloud computing in education market estimated to grow threefold by 2021

A report published by MarketsandMarkets on the cloud computing in education market estimates that the market will grow from $8.13 billion in 2016 to $25.36 billion, with an annual growth rate of 25.6%. The report notes that cloud computing solutions in the education industry allow efficient management of business processes and effective knowledge delivery to students, thus resulting in higher student engagement, better collaboration, and improved student performance. The major driving forces for the market growth are the growing need for a centralized system for the management of academic processes and competition among academic institutions.