Press release
Secondary School Market Poised to Hit $660.55 Billion by 2029 with Accelerating Growth Trends
Secondary School Market
Secondary School Market Size Growth Forecast: What to Expect by 2025?
In recent years, the market size of secondary schools has significantly expanded. It is expected to rise from $449.06 billion in 2024 to $489.78 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. This growth witnessed in the historic period can be credited to factors such as population growth and demographics, economic development, government policy on education, aspirations of parents towards education, and on a broader level, globalization and competition.
How Will the Secondary School Market Size Evolve and Grow by 2029?
The market size of secondary school education is projected to experience a robust expansion in the coming years, with a prediction to escalate to $660.55 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 7.8%. The anticipated growth during this period can be linked to the adoption of customized learning methodologies, focus on STEM education, global citizenship education, development of workforce skills, and the implementation of inclusive education strategies. There are significant trends projected for this timeframe, some of which are public-private collaborations (PPPs), enhancement of learning with technology, technological amalgamation, integration of digital learning, and emphasis on project-based learning.
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What Drivers Are Propelling the Growth of Secondary School Market Forward?
The surge in demand for educational services is predicted to fuel the expansion of the secondary school market. The term 'educational services' signifies learning or instructional training offered by specific public or private institutions on any particular subject to students or other people. Such educational services are offered by certain institutions like primary, elementary, and secondary schools, and colleges. Consequently, the rising demand for these services is propelling the growth of the secondary school market. For instance, as per the Australian Bureau of Statistics, an independent constitutional body in Australia that collects data, carries out analysis and offers evidence-based recommendations to national, state, and regional governments, there were 4,042,512 students enrolled in schools in 2022, depicting an increase of 11,795 students (0.3%) compared to 2021 in Australia. This rise in student enrollment is likely to affect the demand for educational services, thereby, stimulating the secondary school market.
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Which Emerging Trends Are Transforming the Secondary School Market in 2025?
Dominant firms in the secondary school market are concentrating on technological innovations, including digital learning technology, to amplify student participation and customize learning. Digital learning technology encompasses tools and platforms that foster education digitally, bolstering engagement and accessibility. This includes online courses, educational software, and virtual classrooms in order to support personalized learning journeys. For instance, Classplus, an EdTech start-up based in India, launched a Polaris School of Technology (PST) in May 2024. It provides industry-specific course content with extensive hands-on experience as well as mentorship to fill the skills gap in technology education. The aim is to generate graduates who are ready for employment and encourage diversity in the technology sector through entrepreneurial aid and scholarships.
What Are the Key Segments in the Secondary School Market?
The secondary school market covered in this report is segmented -
1) By Type Of Expenditure: Public, Private
2) By Ownership: Government, Local Body, Others
3) By Fee Structure: Low-Income, Medium-Income, High-Income
Subsegments:
1) By Public: Government-Funded Schools, Charter Schools, Magnet Schools
2) By Private: Independent Schools, Parochial Schools, For-Profit Schools
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Who Are the Key Players Shaping the Secondary School Market's Competitive Landscape?
Major companies operating in the secondary school market include University of Pennsylvania, Stanford University, University of Michigan, KinderCare Learning Centers LLC, Harvard University, University of California, Yale University, TAL Education Group, New Oriental Education & Technology Group Inc., The Texas A&M University System, Bright Horizons Family Solutions Limited, Learning Care Group Inc., Adtalem Global Education Inc., Adtalem Global Education Inc., Goodstart Early Learning Ltd., Grand Canyon Education Inc., Primrose Schools Franchising SPE LLC, Perdoceo Education Corporation, Cornell University, GSX Techedu Inc., Mulpha International Bhd, Hailiang Education Group, Walla Walla Public Schools, Little Green Rascals Organic Nurseries Ltd., Tallahassee Classical School LLC, Nobel Learning Communities Inc., Copthall School, Massachusetts Institute of Technology, Columbia University
What Geographic Markets Are Powering Growth in the Secondary School Market?
Asia-Pacific was the largest region in the elementary and secondary school market in 2024. The regions covered in the secondary school market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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