Global Higher Education Market Poised to Reach US$ 101.5 Billion, Growing at a CAGR of 17.27% During 2024-2032

The latest report by IMARC Group, titled "Higher Education Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the global higher education market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global higher education market size reached US$ 24.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 101.5 Billion by 2032, exhibiting a growth rate (CAGR) of 17.27% during 2024-2032.

Higher education refers to the final stage of formal learning, following secondary education, and includes universities, colleges, and vocational training institutions. It serves as a platform for acquiring advanced skills, knowledge, and competencies that are essential for specialized job roles and career advancement. It offers a plethora of programs, including undergraduate, postgraduate, and doctoral degrees across various disciplines, such as engineering, arts, sciences, business, and healthcare. It equips individuals with critical thinking, problem-solving abilities, and a broad understanding of societal issues, thus preparing them for the increasingly complex and competitive global job market. As globalization accelerates, the demand for a skilled, versatile workforce has never been higher, placing the global higher education market in a pivotal role in driving economic development and individual prosperity.

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Higher Education Market Trends:

The global higher education market is poised for substantial growth, influenced by the increasing realization of the importance of a skilled workforce for economic development. This has escalated the demand for higher education globally. Additionally, technological advancements are transforming educational delivery methods, with online courses, digital classrooms, and e-learning platforms gaining significant traction. These technology-driven platforms have not only made education more accessible but also broadened its reach to untapped markets.

Along with this, the advent of specialized courses tailored for specific industries is contributing to the market's expansion. Public and private investments in educational infrastructure, particularly in developing economies, are another key growth driver. Moreover, demographic trends, such as the growing youth population aspiring for higher education and career growth, are creating unprecedented demand. Furthermore, government policies aimed at improving literacy rates and promoting inclusive education are also positively impacting the market.

By the IMARC Group, Some of the Top Competitive Landscape Operating in the Market are Given Below:

• Anthology Inc.
• Blackbaud Inc.
• Cisco Systems Inc.
• Dell Technologies Inc.
• Ellucian Company L.P.
• Instructure Inc.
• Oracle Corporation
• Pearson plc
• SAP SE
• ServiceNow Inc.
• Verizon Communications Inc.
• VMware Inc.
• Xerox Corporation

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/higher-education-market

Key Market Segmentation:

Breakup by Component:

• Solutions
o Student Information Management System
o Content Collaboration
o Data Security and Compliance
o Campus Management
o Others
• Services
o Managed Services
o Professional Services

Breakup by Deployment Mode:

• On-premises
• Cloud-based

Breakup by Course Type:

• Arts
• Economics
• Engineering
• Law
• Science
• Others

Breakup by Learning Type:

• Online
• Offline

Breakup by End User:

• State Universities
• Community Colleges
• Private Colleges

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Get in Touch with our Expert Team for Inquire or further information: https://www.imarcgroup.com/request?type=report&id=5588&flag=C

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.

This release was published on openPR.