Higher Education Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers

What industry-specific factors are fueling the growth of the higher education market?
Growing numbers of international students are anticipated to drive expansion in the higher education market. International student mobility, the phenomenon of individuals crossing national borders for educational purposes, has significant implications for higher education. The appeal of specific programs or institutions with distinctive specialties or esteemed reputations is a deciding factor. For example, the Institute of International Education Inc., a US-based student exchange organization, reported in November 2023 that during the 2022/23 academic year, US higher education establishments accommodated over 1,057,188 international students from more than 210 countries, a 12% increase compared to the previous year. Thus, the rise in international student mobility fuels the growth of the higher education market.

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What Is the projected market size and growth rate for the higher education market?
The size of the higher education market has seen robust growth in the past few years. An increase from $688.13 billion in 2024 to $754.13 billion in 2025, signifies a compound annual growth rate (CAGR) of 9.6%. This historical growth has been driven by an increase in higher education enrollments, enhanced access to knowledge, advancement in innovation and research, social mobility, and community development.

The market size of higher education is set to experience a speedy expansion in the forthcoming years, ballooning up to $1107.81 billion in 2029 with a compound annual growth rate (CAGR) of 10.1%. The anticipated growth during this forecast period is linked to factors such as increased mobility of international students, economic fluidity, globalization, and the emphasis on critical thinking. Significant trends to watch during this period include the progression of technology, an upsurge in student admissions, the fast-paced advancements in technology, the integration of online learning and hybrid models, the internationalization of education, as well as the spotlight on continuous education throughout one's life.

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What new trends are reshaping the higher education market and its opportunities?
Leading businesses in the higher education sector are leveraging cutting-edge technology, such as AI systems, to improve several segments of education and learning. An AI technology implies any application or software that uses artificial intelligence to execute tasks typically done by humans, like problem-solving, learning, reasoning, and decision-making. For instance, OpenAI, an artificial intelligence research establishment in the US, unveiled the most sophisticated version of ChatGPT in August 2023. This tool may potentially transform and enrich the educational environment in colleges. It's being evaluated for customized and engaging learning environments, automated marking systems, research assistance, and heightened student services. The deployment of ChatGPT in higher education promisingly remodels and augments the learning sphere, providing a look into a future where higher education is more flexible, interactive, and student-centric. The effectiveness and ethical implications of integrating ChatGPT into higher education are subjects of continued assessment and debate.

What major market segments define the scope and growth of the higher education market?
The higher education market covered in this report is segmented -

1) By Component: Platform, Services
2) By Student Served: Junior High School, Post Graduate, Corporate, Under Graduate, High School
3) By Revenue Source: Tuition Fees, Grants, Contracts, And Gifts, Investment Returns
4) By Course Type: Arts, Economics, Engineering, Law, Science
5) By End User: State Universities, Community Colleges, Private Colleges

Subsegments:
1) By Platform: Learning Management Systems (LMS), Student Information Systems (SIS), Online Course Platforms, Assessment And Testing Platforms, Collaboration And Communication Tools
2) By Services: Consulting Services, Implementation And Integration Services, Training And Support Services, Content Development Services, Analytics And Reporting Services

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Which region dominates the higher education market?
North America was the largest region in the higher education market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the higher education market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the higher education industry growth?
Major companies operating in the higher education market report are Verizon Communications Inc., Dell Technologies Inc., Panasonic Corporation, The International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Adobe Inc., VMware Inc., ServiceNow Inc., Xerox Holdings Corporation, Pearson plc, Educomp Solutions Limited, New Oriental Education & Technology Group Inc., Bright Horizons, Blackbaud Inc., Ellucian Company L.P., Coursera Inc., Instructure Inc., Desire2Learn Inc., Smart Technologies Inc., Anthology Inc., Leverage Edu, SAP SE, Unit4 Education Solutions

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What Is Covered In The Higher Education Global Market Report?

•Market Size Forecast: Examine the higher education market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the higher education market for a structured understanding.
•Key Players Overview: Analyze major players in the higher education market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the higher education market.
•Segment Contributions: Evaluate how different segments drive overall growth in the higher education market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the higher education market.
•Industry Challenges: Identify potential risks and obstacles affecting the higher education market.
•Competitive Landscape: Review strategic developments in the higher education market, including expansions, agreements, and new product launches.

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