Colleges, Universities, and Professional Schools, Industry Growth, Global Market Insights 2024

The Business Research Company recently released a comprehensive report on the Global Colleges, Universities, And Professional Schools Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The colleges, universities, and professional schools market size has grown strongly in recent years. It will grow from $1280.99 billion in 2023 to $1361.12 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to increased government funding, increase in number of private colleges and universities, and government initiatives for digital learning.

The colleges, universities, and professional schools market size is expected to see strong growth in the next few years. It will grow to $1723.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to focus on expansion of overseas university campuses, increasing student enrollment, and increasing investments by online educational institutions.. Major trends in the forecast period include companies should focus on undergoing partnerships, focus on metaverse technology, implementing learning management system in teaching and learning for an effective education system, and focus on artificial intelligence (ai) to improve the teaching experience..

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Market Drivers and Trends:

The increase in undergraduate student enrolment is expected to propel the growth of the colleges, universities, and professional school market. Students studying for their first degree at a college or university are referred to as undergraduates. During the COVID-19 pandemic there was a decrease in the enrolment of students in educational institutes, however, from 2020 onwards there is a rebound in this trend. For instance, according to data from The National Centre for Education Statistics (NCES) a US-based body responsible to review and report on education activities internationally in the U.S, the total undergraduate enrolment is projected to increase by 8%, from 15.9 million to 17.1 million students between 2020 and 2030. Therefore, the increase in undergraduate student enrolment is expected to drive the growth of the colleges, universities, and professional schools market going forward.

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Major Key Players of the Market:

University of Pennsylvania, University of Michigan, Stanford University, Harvard University, Columbia University, Duke University, University of Chicago, John Hopkins University, Cornell University, Yale University, Peking University (PKU), Tsinghua University, Fudan University, Zhejiang University (ZJU), Shanghai Jiao Tong University (SJTU), Indian Institute of Technology Bombay, Indian Institute of Technology Kanpur, University of Delhi, University of Science and Technology of China (USTC), Nanjing University (NJU), Wuhan University (WHU), Tongji University, Beijing Normal University (BNU), The University of Oxford, University of Cambridge, Heidelberg University, University of Amsterdam, University of Manchester, Charles University, Jagiellonian University, University of Warsaw, Masaryk University, The University of California System, Oracle, SAP, Pontifical Catholic University of Peru, Universidad Peruana Cayetano Heredia, Universidad Nacional Mayor de San Marcos, University of Sao Paulo, UNICAMP - University of Campinas, Federal University of Minas Gerais, University of Buenos Aires, National University of La Plata, Imam Mohamed Bin Saud Islamic University (IMIU), Islamic University at Al-Medina Al-Monawwarah (IU), King Abdul Aziz University (KAU), King Faisal University (KFU), King Saud University, Umm AlQura University (UQU), United Arab Emirates University, Nnamdi Azikiwe University, Bayero University Kano, University Of Ilorin, University Of Jos., Babcock University, University Of Port Harcourt, American University Of Nigeria. Yola, Caleb University, UCT Graduate School of Business (GSB) University of Cape Town, Stellenbosch Business School, UNISA - University of South Africa - Graduate School of Business Leadership (SBL), University of Stellenbosch Business School (USB), Stellenbosch University

Colleges, Universities, And Professional Schools Market 2024 Key Insights:

• The colleges, universities, and professional schools market size is expected to see strong growth in the next few years. It will grow to $1723.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%.
• Surge In Undergraduate Student Enrolment Is Driving Growth In Higher Education
•
• Western Europe was the largest region in the colleges, universities, and professional schools market in 2023

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The Business Research Company ( https://www.thebusinessresearchcompany.com ) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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