Max Woolf, Senior Analyst at Eduventures, “Our research shows that the OPM market has grown at an average rate of 32% annually and will exceed $1.1 billion with OPM providers serving approximately 12% of Title IV-eligible, degree-granting institutions."
Boston, Massachusetts (PRWEB) April 22, 2015
Eduventures, Inc., the leading research and advisory firm that is focused exclusively on analyzing the forces that are transforming higher education, today announced the release of a series of reports that will help higher education leaders understand the risks and benefits of selecting and engaging with Online Program Management (OPM) providers.
Online Program Management provides colleges and universities with an end-to-end bundle of services to fund, develop, launch, and support online education programs. Eduventures offers guidance to institutions seeking to initiate an online program or expand their online footprint with an outsourced provider. This series of reports offers a thorough examination of the benefits of partnering with an OPM provider rather than developing online programs internally. Our research provides a roadmap for higher education leaders to understand how to develop mutually beneficial partnerships, how to select different OPM companies, and how to contract with OPM providers.
The initial report, OPM Market Overview, details the overall market size and growth, market dynamics, and market segmentation for this rapidly expanding area of higher education. The second report, OPM End-to-End Service Bundles, defines a set of capabilities that encompass four core areas that an OPM providers offers to an institution: strategy, enrollment, academics and operations. Given the multi-faceted set of services, long-term nature of contracts and potential revenue-sharing options, higher education leaders must identify the vendor that can meet their unique operational requirements in order to effectively implement a successful partnership. The third report, Understanding OPM Partnerships, gives higher education leaders a roadmap to understand the nature of OPM partnerships prior to engaging in a relationship with a vendor. The fourth report, OPM Provider Profiles, delivers 26 short company profiles and an extensive matrix matching the institutional characteristics to each OPM providers in order to allow higher education leaders to make an apples-to-apples comparison. Based on product briefings with companies and secondary research, these profiles highlight the value of working with each partner and include a company overview, products and services offered, institutional focus, and key differentiators.
According to Max Woolf, Senior Analyst at Eduventures, “Our research shows that the OPM market has grown at an average rate of 32% annually and will exceed $1.1 billion in 2015 with OPM providers serving approximately 12% of Title IV-eligible, degree-granting institutions in the United States. While some education leaders view outsourcing to vendors as relinquishing control, loosing academic freedom or forgoing the ability to build sustainable in-house operations, we feel that a thoughtful OPM partnership not only drives an institution’s strategic goals and mission through online programs, but also implements a variety of initiatives that would be very difficult for an institution to execute on its own.”
Eduventures is the leading research and advisory firm that is focused exclusively on analyzing the forces that are transforming higher education. Building on twenty years of success in working with education leaders, Eduventures provides forward-looking and actionable research based on proprietary market data, and advisory services that support both strategic and operational decision-making. Our recommendations and personalized support enable clients to understand the top traits of leaders in critical disciplines and to evaluate the opportunities presented by new technologies. For more information about Eduventure’s research, practice areas and team, visit us at http://www.eduventures.com.
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