Higher Education Market to Experience Substantial Growth of USD 36.7 Billion by 2029, Size, Share, Trends, Key Drivers, Growth and Opportunity Analysis

The higher education market has emerged in the last two decades and is rapidly expanding. Private and public institutions, ministries of education and government agencies, education and testing companies are all becoming more prevalent in this market. Educational institutions are becoming more open to incorporating technological components. Education technology is playing an important role in allowing students and educators to interact and take advantage of upcoming learning opportunities. Within the higher education market, there is increasing competition between public and private higher education institutions to focus on international students and faculty, as well as participation of international universities and business partners for research, associations, and funds.

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Data Bridge Market Research analyses that the higher education market was valued at USD 30.93 billion in 2021 and is expected to reach the value of USD 36.7 billion by 2029, at a CAGR of 11.36% during the forecast period. The demand for scalable open education includes assets, tools, and practises that use an open sharing system to improve education and viability in countries.

Market Definition

Higher education, also known as post-secondary education or tertiary education, is an optional final stage of formal learning that occurs after secondary school. It includes all postsecondary education, training, and research guidance provided by educational institutions that have been designated by state authorities as institutions of higher learning. Higher education is provided at a variety of educational institutions, including universities, academies, colleges, seminaries, and institutes of technology, as well as through specific college-level institutions, such as vocational schools, trade schools, and other career colleges that award degrees.

The higher education market is analysed and market size insights and trends are provided by country, hardware, solutions, courses, learning type, service type and user type as referenced above.

The countries covered in the higher education market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America will dominate the higher education market during the forecast period due to significant educational technologies and government efforts to broaden the education landscape, which will contribute to substantial deployments of higher education solutions between 2022 and 2029. Asia-Pacific, on the other hand, is expected to grow rapidly due to increased tertiary education capacity and changes in inbound and outbound student flow.

The higher education market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to higher education market.

Some of the major players operating in the higher education market are:

Coursera (US)
edX (US)
Pluralsight (US)
Edureka (India)
Alison (Ireland)
Udacity (US)
Udemy (US)
Miríadax (Spain)
Jigsaw Academy (India)
Simplilearn (US)
iversity (Germany)
Intellipaat (India)
Edmodo (US)
FutureLearn (UK)
LinkedIn (US)
NovoEd (US)
Open2Study (Australia)
WizIQ (India)
Skillshare (US)
XuetangX (China)

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