The global Higher Education Market accrued earnings worth approximately 78.1(USD Billion) in 2020 and is predicted to gain revenue of about 170.2 (USD Billion) by 2028, is set to record a CAGR of nearly 10.4% over the period from 2021 to 2028. The report offers an assessment and analysis of the Higher Education Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).
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In Global Higher Education Market Report, Higher education is a major means of fulfilling professional & financial objectives. It is also termed as a natural phase in life cycle of humans. Moreover, higher education contributes sizably towards self-determination and helps in building a positive self-image of an individual. In some of the countries, post-secondary education holds a key of gaining employment for an individual in small-scale & medium-scale businesses, thereby resulting in good quality of life as well as producing out new growth opportunities for an individual in professional career. Reportedly, there is a sharp increase in students with disabilities enrolling in two & four year post-secondary institutes and this is a result of legal provisions & enacting of legislations related to bringing of equality in education for disabled persons. For the record, in section 504 of Rehabilitation Act 1973, the U.S. government has directed postsecondary institutes to offer disabled students with equal educational opportunities & facilities along with educational support amenities.
In Higher Education Market Report, Rise in number of higher education enrollments in countries such as the U.S., UK, Australia, and Germany and surge in educational trips of undergraduate students to countries such as France, Sweden, Belgium, and Italy has played a major role in influencing growth of higher education market. Apart from this, upsurge in international student mobility as well as favorable government schemes such as offering of government scholarships to deserving students in countries such as India for studying abroad will enhance growth of higher education market across globe in upcoming years. Upswing witnessed in offering of online learning degree programs by various regional as well as foreign educational institutes has facilitated student enrollment in these programs, thereby enlarging scope of market expansion. Citing an instance, MIT of the U.S. offers courses in development economies in online mode through online learning tool edX.
The Global Higher Education Market is segmented as follows:
BY TYPE
● Consulting
● Implementation
● Training and Support
BY APPLICATION
● Educational Institutions
● Universities
● Training Organizations
● Others
Reputed universities across globe such as IIT, Stanford, and Harvard are also offering various kinds of certificate or diploma courses in data science, business analytics, data analytics AI, big data, machine learning, deep learning, and marketing analytics at affordable costs. Apparently, few of foreign educational institutions offer MBA degree programs in online mode to students at reasonable tuition fees.
Apparently, COVID-19 pandemic has helped in bringing revolution in educational space and facilitated online mode of learning. This has not only assisted online education gain massive significance across globe but has triggered humungous growth in higher education market globally.
Key Market Players
• VMware, Inc
• Oracle Corporation
• Dell Inc
• Unifyed
• Astera Software
• ServiceNow, Inc
• CDW LLC
• Cisco Systems, Inc
• Blackboard Inc
• Verizon
North America To Make Notable Contributions Towards Regional Market Size By 2028
Growth of higher education market in North America over forecast timespan can be credited to renowned educational institutions in U.S. and Canada being first choice for both undergraduate & graduating engineering students from Asia. Apart from this, students are also enrolling in online degree programs in AI and data science offered by educational institutes based in U.S. Apart from this, reputed U.S. universities are also offering MBA programs as well as other educational programs in various disciplines of social sciences such as journalism, economics, and psychology. Immense presence of reputed universities offering online and offline mode of education in countries such as Canada and the U.S. will provide impetus to higher education market growth in the sub-continent.
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