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Educational Services Market Size, Share, Growth, Forecast 2024-2033
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company presents an extensive market research report on the Educational Services Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The educational services market size has grown strongly in recent years. It will grow from $3438.78 billion in 2023 to $3707.96 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to population growth, government funding, globalization, demographic trends, economic conditions, education policies.
The educational services market size is expected to see strong growth in the next few years. It will grow to $4980.51 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to online and remote learning, personalized learning, workforce skills gap, lifelong learning, global collaborations. Major trends in the forecast period include microlearning and bite-sized content, corporate training and upskilling, ai and personalized learning paths, collaboration with industry and employers, alternative credentials and digital badges.
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Key Market Players:
Major companies operating in the educational services market report are University of Michigan, Columbia University, Harvard University, Massachusetts Institute of Technology, Yale University, TAL Education Group, New Oriental Education & Technology Group Inc., National American University Holdings Inc., Bright Horizons Family Solutions Inc., K12 Inc., Stride Inc., Laureate Education Inc., 2U Inc., Grand Canyon Education Inc., Chegg Inc., American Public Education Inc., Universal Technical Institute Inc., Universal Technical Institute Inc., Mulpha International Bhd, Adtalem Global Education Inc., The Texas A&M University System, University of California System, University of Pennsylvania, Stanford University, Cornell University, Cambium Learning Group Inc., Career Education Corporation, Capella Education Company, Lincoln Educational Services Corporation, American Education Center Inc., Bridgepoint Education Inc., Education Management Corporation
Market Drivers:
The growing number of higher education enrollments is expected to propel the growth of the educational services market going forward. Higher education enrollment refers to the process of signing up for and attending a college or university program. It is the act of registering for specific classes or co-curricular activities at a particular school. For instance, in January 2022, according to the Higher Education Statistics Agency (HESA), a UK-based official agency that collects and publishes data about higher education in the country, 2,751,865 students were enrolled in higher education overall in 2020-21, an increase of 9% from 2019-20. While the number of first-year degree applicants increased by 8%, the number of first-year postgraduate students increased by 16%. First-year enrollment increased by 4% for non-UK students and by 13% for students from the UK. First-year enrollment from India increased by 27%. Therefore, the growing number of higher education enrollments is driving the growth of the educational services market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/educational-services-global-market-report
The educational services market covered in this report is segmented -
1) By Type: Other Educational Services, Colleges, Universities, And Professional Schools, Elementary And Secondary Schools
2) By Type of Expenditure: Public, Private
3) By Mode: Online, Offline
Subsegments Covered: Fine Arts Schools, Sports And Recreation Instruction, Language Schools, Exam Preparation And Tutoring, All Other Miscellaneous Schools And Instruction, Educational Support Services, Junior Colleges, Higher Education Colleges And Universities, Business and Secretarial Schools, Computer Training, Professional and Management Development Training, Technical and Trade Schools, Primary School, Middle School, Secondary School
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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