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Elementary And Secondary Schools Global Market Report 2024 Market Report, Size, Share Report 2024-2033
Elementary And Secondary Schools Global Market Report
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According to The Business Research Company's, The elementary and secondary schools market size has grown strongly in recent years. It will grow from $1620.94 billion in 2023 to $1769.82 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to population growth, government funding, education policies, parental involvement, community development.
The elementary and secondary schools market size is expected to see strong growth in the next few years. It will grow to $2483.77 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to inclusive education practices, infrastructure upgrades, global competency emphasis, public-private partnerships, teacher professional development. Major trends in the forecast period include education technology innovation, digital learning platforms, technological integration, personalized learning approaches, focus on steam education.
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Market Drivers and Trends:
An increase in spending on education is expected to propel the growth of the elementary and secondary schools market. Spending on education refers to the expenses of the various activities of schools. The higher spending also leads to higher revenues for the schools. For Instance, according to the 2022 report, Annual Survey of School System Finances by the U.S. Census Bureau, an agency of the government of the US aimed to collect accurate information about the country's population and economy, total revenue for public school systems increased to $584.9 billion in FY 2020, from $572.5 billion in FY 2019. Total expenditure by these reporting areas grew to $586.4 billion in FY 2020, an increase from $571.8 billion in FY 2019. Therefore, the increase in spending on education is driving the growth of the elementary and secondary schools market going forward.
Major companies operating in elementary and secondary schools are innovating smart artificial intelligence training programs, to enhance thier market position. Artificial Intelligence (AI) training programs are courses and certifications that teach the fundamentals and applications of AI and machine learning (ML). For instance, in May 2023, Flatiron School, a US-based educational organization, launched artificial intelligence training programs. Artificial intelligence (AI) training programs aim to provide workforces with the knowledge and skills needed to harness strong, developing AI capabilities. The programs are completely instructor-led and include subjects such as machine learning, natural language processing (NLP), and data science.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Apple Inc., The home depot lnc., Robert Bosch GmbH, Panasonic Corporation, Best Buy Co. Inc., Midea Group, Candy Group, Haier Group Corporation, Avnet Inc., MediaMarktSaturn Retail Group, Ceconomy AG, Toshiba Corporation, Whirlpool Corporation, Koninklijke Philips N.V., GOME Retail Holdings Limited, Fnac Darty SA, Office Depot lnc., Dixons Carphone plc, Gamestop Corp., Bic Camera Inc., RadioShack Corporation, GE Appliance, Fry's Electronics lnc., Hhgregg Inc., P.C. Richard & Son, Micro Electronics Inc., iRobot Corporation, Aqua Corporation, BrandsMart USA Superstore LLC, Nebraska Furniture Mart Inc., Abt Electronics lnc., RC Willey Home Furnishings lnc., Conn's HomePlus lnc., Electronic Express lnc.
Elementary And Secondary Schools Market 2024 Key Insights:
• The elementary and secondary schools market size is expected to see strong growth in the next few years. It will grow to $2483.77 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%.
• Rising Education Investment Fueling Growth In Elementary And Secondary Schools Market
• Innovating Training Programs To Train Student And Instructor
• Asia-Pacific was the largest region in the elementary and secondary schools market in 2023
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (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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