Press release
Global Colleges, Universities, And Professional Schools Market to Reach $1817.22 Billion by 2029, Growing at 6.5% CAGR
"Which drivers are expected to have the greatest impact on the over the colleges, universities, and professional schools market's growth?The escalation in the registration of undergraduate students is predicted to fuel the expansion of the market for colleges, universities, and professional schools. Undergraduates are students pursuing their initial degree at a college or university. While there was a drop in student enrolment in academic institutions amid the COVID-19 pandemic, there has been a revival in this pattern post-2020. As an illustration, a report issued by the HE Student Data, a central hub for the gathering and distribution of statistics about publicly financed higher education in the UK, asserted that in 2022/23, first-degree courses continued to be the preferred option for higher education, witnessing a 2% surge in enrolments compared to 2021/22. However, other undergraduate courses saw a larger increase of 15% during the same duration. Thus, the rise in undergraduate student registration is anticipated to power the growth of the colleges, universities, and professional school market in the future.
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What is the future CAGR of the colleges, universities, and professional schools market, and how will it impact industry expansion?
In recent times, the market size of colleges, universities, and professional schools has experienced substantial growth. The market will undergo growth from $1315.69 billion in 2024 and reach $1412.74 billion in 2025, presenting a compound annual growth rate (CAGR) of 7.4%. Factors such as enhanced governmental funding, growth in the number of private tertiary institutions, and government-led digital learning initiatives have contributed to the growth recorded in the historical period.
The market for colleges, universities, and professional schools is projected to witness substantial growth in the following years, reaching $1817.22 billion by 2029 with a compound annual growth rate (CAGR) of 6.5%. The expansion of university campuses abroad, increasing student enrollment, and surges in investment by online educational platforms are contributing factors to this predicted growth during the forecast period. Key trends that are expected to shape this period include collaborating initiatives, emphasis on metaverse technology, the application of a learning management system for more effective education, and the adoption of artificial intelligence (AI) to enhance the educational experience.
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What are the most significant trends transforming the colleges, universities, and professional schools market today?
A rising number of significant firms in the colleges, universities, and professional school market are shifting their attention to the integration of technological programs, providing them with a crucial edge in the sector. The role of these tech programs in higher education revolves around the effective facilitation of learning through the adoption of technology. Students are educated on how to make optimal use of technology, including digital hardware and software tools, to enrich their educational journey. A case in point is InterviewBit Technologies Private Limited, an e-learning establishment based in India that also provides interview training, which debuted its Scaler School of Technology in March 2023. This ground-breaking, four-year undergraduate program focuses on computer science. The program, designed by industry professionals and intended for future industry engineers, provides a unique work-integrated learning environment. Some of its remarkable features include offering specialties in up-to-the-minute, high-demand tech fields such as data science, machine learning, algorithmic trading, and competitive programming. In addition, it also provides a one-year paid industry internship at top technology companies with personalized guidance from industry experts.
Which key market segments comprise the colleges, universities, and professional schools market and drive its revenue growth?
The colleges, universities, and professional schools market covered in this report is segmented -
1) By Type: Technical And Trade Schools, Junior Colleges, Higher Education Colleges And Universities, Business And Secretarial Schools, Computer Training, Professional And Management Development Training
2) By Type of Expenditure: Public, Private
3) By Mode: Online, Offline
Subsegments:
1) By Technical and Trade Schools: Vocational Training Programs, Apprenticeship Programs, Certifications and Diplomas in Trades
2) By Junior Colleges: Associate Degree Programs, Transfer Programs to Four-Year Institutions, Certificate Programs
3) By Higher Education Colleges and Universities: Public Universities, Private Universities, Liberal Arts Colleges, Research Universities
4) By Business and Secretarial Schools: Business Administration Programs, Office Management Training, Executive Assistant Training
5) By Computer Training: Software Development Courses, IT Certifications, Cybersecurity Training, Data Science and Analytics Programs
6) By Professional and Management Development Training: Leadership and Executive Development Programs, Project Management Training, Human Resources Training
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What regions are at the forefront of colleges, universities, and professional schools market expansion?
Western Europe was the largest region in the colleges, universities, and professional schools market in 2024. Asia-Pacific was the second-largest region in the colleges, universities, and professional schools market. The regions covered in the colleges, universities, and professional schools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the colleges, universities, and professional schools market?
Major companies operating in the colleges, universities, and professional schools market include 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, 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, Stellenbosch Business School, UNISA - University of South Africa - Graduate School of Business Leadership (SBL), Stellenbosch University
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What Is Covered In The Colleges, Universities, And Professional Schools Global Market Report?
•Market Size Forecast: Examine the colleges, universities, and professional schools market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the colleges, universities, and professional schools market for a structured understanding.
•Key Players Overview: Analyze major players in the colleges, universities, and professional schools market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the colleges, universities, and professional schools market.
•Segment Contributions: Evaluate how different segments drive overall growth in the colleges, universities, and professional schools market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the colleges, universities, and professional schools market.
•Industry Challenges: Identify potential risks and obstacles affecting the colleges, universities, and professional schools market.
•Competitive Landscape: Review strategic developments in the colleges, universities, and professional schools market, including expansions, agreements, and new product launches.
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