higher education industry analysis

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Date: 12/12/2022

Global Market Likely to be Driven by Advancements in Technology Finally not forgetting the diversity of professions that the education industry employs, teachers, professors, librarians, administrators and counselors. WebFigure 91: Global: Higher Education Industry: Porter's Five Forces Analysis List of Tables Table 1: Global: Higher Education Market: Key Industry Highlights, 2021 and 2027 There is expected to be ongoing growth around the rate of 2.77% and by 2025 it is estimated that the education industry will be valued at $1.96 trillion dollars. Deloitte Consulting LLP 6. Deloitte is dedicated to advancing the mission of higher education by working hands on with institutions nationwide to achieve lasting, impactful, and measurable results. The global The global U.S. Education Market accrued earnings worth approximately 1.1 (USD Trillion) in 2020 and is predicted to gain revenue of about 2.3 (USD Trillion) by 2028, is set to record a CAGR of nearly 4.5% over the period from 2021 to 2028. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion). The global market size, share along with drivers and restraints are covered in the higher education market report They will have gained a Bachelors degree in order to begin their careers. The market is expected to grow at a CAGR of 10.3% in the forecast period (2021-2028). The Higher Education market research covers existing and new markets in-depth, as well as a competitiveness assessment in shifting market conditions. Universities, academies, colleges, seminaries, institutes of technology, as well as some colleges-level institutions like vocational schools, trade schools, and other degree-granting institutionsas well as some higher educationoffer higher education. Global Higher Education Marketoverview: By Learning Mode, 6.1.1. Community colleges in the United States are currently valued at approximately $60 billion. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. XyHBb'E6d"'EE HsUsjBi.j-a9NquPDDD_2B>L:LZ:5UruZfxyg}gv:nH!OXz@ILIUP`fS3924;HA7jVG9yB8KK` K%3Xh0Fj2B-`Y$j>@>nlWcl!WM=Mv4(|WSSdu)j,xwsn* q@_mvJ"VFC*w($x9'u*i~zxL*GpN_E[0&Y7{/$_j9je}>TJ\,(vTGSs0>($sDP_\]6Bu^WC]P.Q +1 408 704 4527, Scott Friedman 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. Apart from the traditional education system there are now many companies offering tuition and online courses in everything from cooking to computer science. The number of businesses who form part of the education industry is 1,662,012 with the industry employing more than 14,305,133 people. These small businesses also form part of the education industry. France Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) 15. , Higher Education Market Size 8. To compile a comprehensive list of functional and pertinent players, players closely adhere to various industry classification criteria. Yet regardless of the costand who pays itmost Americans still feel that higher education is worth the price. Behind the Sticker Shock: College Costs in Perspective. The numbers are enough to rattle the bank accounts of even financially comfortable families. Ivy League bastion Harvard College will charge $69,607 for the 2019-2020 academic year. That figure includes tuition, room and board, and fees. Adults over 25 living in cities and suburban areas had a higher percentage of Bachelors degrees as their highest level of education attainment than any other level of education. With the use of paid databases like Factiva, Bloomberg, etc., priority lists are ordered according to revenue generated based on most recent reporting. 31. North America Higher Education Market revenue, By End-User ,20182028(USD Billion) Apparently, few of foreign educational institutions offer MBA degree programs in online mode to students at reasonable tuition fees. Global Higher Education Marketshare by End-User ,2020 and 2028 (USD Billion) Principal Overall, search demand for all higher education-based searches declined -6.22% or ~129MM annual searches, when comparing year-over-year data. Exceptional organizations are led by a purpose. 13. Global Higher Education Market overview: By Component, 5.1.1. One third of those students had a specific learning disability, 19% had a language or speech impairment, 15% had other health impairments and 11% were diagnosed as being on the autism spectrum. 2. Citing an instance, MIT of the U.S. offers courses in development economies in online mode through online learning tool edX. This has not only assisted online education gain massive significance across globe but has triggered humungous growth in higher education market globally. Global Higher Education Marketby State Universities, 20182028(USD Billion) 14. It is expected that the revenue per download will remain around $4.50 for the next few years. Higher Education Market Absolute $ Opportunity5. Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. in 2021 and the total revenue is expected to grow at 19.4 % through 2022 to 2029, reaching nearly US$ 73.98 Bn. Graduating from high school is an important first step towards a career and better employment prospects. Global Higher Education Marketby Sulutions, 20182028(USD Billion), 6.1. Government & Public Services Human Capital Leader Books, Electric Underfloor Heating Market Size, Key Players Analysis And Forecast To 2028 | Value Market Research. Deloitte Consulting LLP NCHEMSbrings advanced knowledge and creativity to the application of data to inform every project. It provides detailed information about the structure and prospects for global and regional industries. Copyright 2015 - 2022, All Rights Reserved by Zion Market Research. In 2021, Hardware held a commanding 38% market share by component. Deloitte Services LP COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. 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. Moreover, higher education contributes sizably towards self-determination and helps in building a positive self-image of an individual. Global Higher Education Marketby Solutions, 20182028(USD Billion) Higher Education Market Growth Analysis [2022 to 2029] | Size, Share, Trends Regional Insights. 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. Over the years, our models and dashboards have been adapted for many purposes, and their improvements and expansions have led to increased capabilities based on the needs of stakeholders and their feedback: In partnership withSHEEO, NCHEMS developed a COVID Impact Model in 2020 to model potential impacts of the COVID crisis on enrollments, finances, costs, and completions. Utilize analytical insights to anticipate and respond proactively to changing higher education trends. UK Higher Education Market revenue, By Component ,20182028(USD Billion) To change the world you need a good education, those were the thoughts of Nelson Mandela. Of those students, 16.2 million were studying as undergraduates and 3.1 million were in graduate programs. However, professors in community colleges may have a Masters degree. 2. All of these services work together and provide the education system in the United States. Please see www.deloitte.com/about to learn more about our global network of member firms. Blackbaud, Inc (South Carolina, United States), Ellucian Company L.P. (Virginia, United States), ServiceNow, Inc. (California, United States), Xerox Corporation (Connecticut, United States), Oracle Corporation (California, United States), Blackboard Inc.(Washington, D.C., United States), Hyland Software, Inc. (Westlake, Ohio, United States), Bain & Company, Inc. (Massachusetts, United States), Astera Software. Analytical efforts often include simulations that allow our partners to examine the likely effects of changing key parameters as a way to fine-tune policies. 10. These institutions also offer degrees and other advanced programs. Another 21% of these students received hybrid instruction. Latin America Higher Education Market revenue, By End-User ,20182028(USD Billion) Germany Higher Education Market revenue, By End-User ,20182028(USD Billion) The rising adoption of online learning and increased demand for digital learning tools are predicted to help the growth of the US education industry in the global market. Apparently, few of foreign educational institutions offer MBA degree programs in online mode to students at reasonable tuition fees. Computerized Maintenance Management Solutions (CMMS) Market According to the latest report by IMARC Group, titled Higher Education Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027, offers a comprehensive analysis of the industry, which comprises insights on the global higher education market.The report also includes competitor and regional analysis, and 6 KLb{K8kR Online education or eLearning was already on an upward trajectory in 2020, but the global pandemic accelerated this trend with most in-person institutions being forced to close. UK Higher Education Market revenue, By End-User ,20182028(USD Billion) The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Estimated the market size of the Private Higher Education (PHE) market, premised on key growth drivers and the market landscape Competitor assessment and benchmarking of key players based on core criteria such as brand perception, student enrolments, fees and range of courses offered Request Sample. The global higher education market is expected to grow at a CAGR of 19.6% during the period 2022-2027. Rest of Latin America Higher Education Market revenue, By End-User ,20182028(USD Billion) 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. Thank you for your interest in our research report. Pimple Gurav, Pune 411061, Higher Education Market Growing Trends and Industry Demand 2021 to 2028. Rest of the Middle East & Africa Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) An analysis of twelve OICs, conformed by professors, students, graduates, and experts from a Colombian higher education institution is performed. The revenue earned in the US for 2022 from education apps stands at $1,721 million while in China for the same period revenue was $3,255 million. WebTo assess the market, the research study employs a number of analytical approaches, including Porter's Five Forces, SWOT analysis, player positioning analysis, market This decline was consistent across regions with little variance. 3. 2.1. The market for higher educationis expanding as a result of rising internationalisation and rising student enrollments, among other important factors. 2019 Higher Education Industry Outlook has been saved, 2019 Higher Education Industry Outlook has been removed, An Article Titled 2019 Higher Education Industry Outlook already exists in Saved items. Deloitte's Center for Higher Education Excellence produces groundbreaking research to help colleges and universities navigate these challenges and reimagine how they achieve excellence in many aspects of the academy: teaching, learning, and research. Amid Ukraine-Russia 19. }"~2b4b1-84+-! Germany Higher Education Market revenue, By Component ,20182028(USD Billion) The structured analysis offers a graphical representation and a diagrammatic breakdown of the The Higher Education Market by region. fKly4v(uQ@ZTfx=jNLA[IKsdbFkr: Lzh;ahVSe&HU[yJ!Vt(}Z7mpRdJKQfVz/#])6fiBQfBy7hsrQ=&V8(FcoY pRV6, In order to identify the most relevant competitors for the survey in the Higher Education market, a rigorous validation test is also conducted. Carltons articles reflect the real happening wrapped up in formally written words. He has more than 20 years of consulting and industry experience across both private and public secto More, Taking an enterprise approach to risk management for universities, Real-world lessons from Workday implementations. For the data analysis, a factor analysis involving structural equation modeling is carried out. Senior Manager The materials used in education from text books to computers and software are part of different industries with regard to their origin, but their destination will be the education industry. 23. It benefits not just the individual, but the entire educational system. Manager HWrFC?m["A ,KL Egp#)Abt=fo~ h-h%7*_]B(rbIQ@ZRu 2v"u'bZ?Xh$#$xHnuGOwqgbxR|' "p">27 Going on to higher education further lowers the unemployment rate and raises the pay rate. 56. 3rd Floor, Navale IT park Phase 2, Pune Banglore Highway, Narhe, Pune, Maharashtra, https://www.maximizemarketresearch.com/request-sample/7167, Computerized Maintenance Management Solutions (CMMS) Market. The global higher education industry study report presents a strategic plan to enhance market circumstances for existing industry participants based on all of these conclusions. And we cocreate analyses that respond to the specific inquiries of our stakeholders, based on our expertise with data and analyses and our many years of experience. Rest of North America Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) 26. Market attractiveness analysis By End-User, 4.1.1. From traditional schools, colleges and universities to eLearning and private schools there are many subsets of learning environments. China Higher Education Market revenue, By End-User ,20182028(USD Billion) 28. 12. Having a higher education degree increases the chances of having stable employment and higher pay. +1 313 401 5263, Cynthia Vitters This market increase is credited to the demand for online studying and eLearning products. The three primary ways that COVID-19 can impact the global economy are direct changes in supply and demand, market and supply chain disruptions, and economic impacts on businesses and financial markets. Global Higher Education Marketby Online Learning, , 20182028(USD Billion) 5. 58. Google in comparison has between 15% and 23% of the market. 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. Global Higher Education Testing And Assessment Market Size, Share, Trends and industry analysis now available from IndustryARC.Report reveals Higher Education Testing And Assessment Market in the industry by Type, Products and application. People are choosing these courses because they are consistent with the global technological advancements that are taking place. In 2019 the education industry was valued at $1.57 trillion. 35. WebRatio Analysis in Higher Education: New Insights for Leaders of Public Higher Education represents the continuing collaboration of two firms dedicated to serving the business of Additionally, in recent years, NCHEMS has provided data and analysis services behind the scenes to many initiatives in postsecondary attainment, including the. , Education WebThis paper deals with the regional input-output analysis and its application to evaluation of the macroeconomic impact of expenditures on higher education. Brazil Higher Education Market revenue, By End-User ,20182028(USD Billion) NCHEMS has a long track record of helping states, systems, and institutions make high-quality strategic decisions informed by thoughtfully curated data analyses, and we are well-positioned to continue deploying our tools and expertise to serve the field in a similar way in the years to come. Email: sales@zionmarketresearch.com. 59. This is anticipated to be among the main factors influencing the spread of higher education software among institutions. When comparing those with a Bachelors degree versus high school graduates there is still an obvious gender difference. 11.9 million of them were full time, and 7.5 million attended part time. The majority of the dataroughly 7080 percentis gathered through primary media and then verified using a variety of secondary sources, such as authorities, the World Bank, associations, business websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, etc. Lastly, the questionnaire was established and particularly created to satisfy all requirements for gathering primary data via previous appointment, focusing on the principal target categories, including This assists us in gathering information on, among other things, player revenue, operational cycle and spending statistics, profit, and product or service growth. Graduates also reduce the risk of unemployment to 3.7%. In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Higher Education Market, since end-user industries were still not operating at their full capacity. Living in remote rural areas means that some adults do not complete high school, around 13% as surveyed in 2019. 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. However, to become a principal the entry level education is a Masters degree. The Information Technology and Business Certification industry had an estimated value of $3 billion across the country in 2021. 3035 Center Green Drive Purchases made through links may earn a commission (at no cost to you). 33. Rest of the Middle East & Africa Higher Education Market revenue, By Component ,20182028(USD Billion) in 2021 and the total revenue is expected to grow at 19.4 % through 2022 to 2029, reaching nearly US$ The use of apps in the education industry has continued to grow and enhance the learning process for millions of students. a rise in the demand for personal computing devices like projectors, interactive whiteboards, printers, PCs, laptops, tablets, and smartphones, which are now vital parts of contemporary educational systems. Picture This is an app that seeks to help users recognize plants from photographs and teach about plant care. So this is a diverse industry that is closely connected to many others that it relies on. 46. Managing Director Market research Type Your email address will not be published. This is elementary and secondary education. See how we connect, collaborate, and drive impact across various locations. North America will contribute lucratively towards the global market earnings over the projected timeline. Global Higher Education Marketby Online Learning, 20182028(USD Billion), 7.1.1. 5. Rest of Asia Pacific Higher Education Market revenue, By End-User ,20182028(USD Billion) Market research methodology Some are more obvious than others. 51. Our team consists of former higher education administrators, leaders, and specialists in the field, complemented by Deloitte's world-class technology capabilities. Apparently, COVID-19 pandemic has helped in bringing revolution in educational space and facilitated online mode of learning. Tel: +1 (844) 845-5245 Learn more Deloitte's Higher Education practice. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks. How To Sell Courses On Amazon (5 Working Methods), Difference Between Microsoft Teams Vs Google Classroom, Snagit Review: Features, Pricing and Final Verdict (2023), Adobe Captivate Vs Camtasia: Comparison 2023, All Paid Memberships Pro Shortcodes (Complete List). But our approach is not simply based on a facility with data and data processing tools; we pair that capability with our ability to comprehend important features of the specific context our partners inhabit and with our knowledge of comparative cases that can provide valuable lessons. The growth rate for high school teacher salaries is about average at 8% predicted between 2020 and 2030. 42. People want to learn, and the digital world gives them the opportunity to enhance their education. Best WordPress Theme For Membership Sites, Frequently Asked Questions On Education Industry Statistics. [140 Pages Report] The higher education market size was valued at USD 77.66 Billion in 2020, and is projected to reach USD 169.72 Billion by 2028 growing at a CAGR of 10.3% during the forecast period. When the Pew Research Center asked graduates what were the benefits of a gaining a college degree, more respondents mentioned intellectual growth and development rather than simply job opportunities. The results also showed that higher education has a cumulative effect. The longer people stayed in school, the more benefits they felt. Besides, the growing collaboration between institutions and enterprises is another factor driving the market growth for higher education. In case of anyQueries or Customization Requirementsplease connect with our sales team, who will ensure that your requirements are met. Forecasts predict that by 2026 revenue from educational apps will be $2.3 billion with $1.3 billion coming from advertising, $916 from in-app purchases and $38 million from paid apps. Moreover, we learn from our experiences to continually enhance and adapt our tools. Purchases made through links may earn a commission (at no cost to you). 24. This research study made extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global portable generator market. CY.A 0x>9~FP@: s^@h X2'eSWy= YD.YTmz8Ar[421EIEMw8>1dGdY}/\uEYU8;AiS[J'l^)oU#v*QCZ;{&p)S;#^. In terms of revenue the purchase of apps and in-app purchases continues to be dominated by Apple with consistently more than 80% of the market. 22. Infographic. To stay logged in, change your functional cookie settings. The average revenue per download has not changed very significantly over the past five years. Our researchers, who are monitoring the situation globally, predict that the market will present producers with enticing opportunities following the COVID-19 issue. Inflation witnessed in international student mobility as well as supportive government initiatives such as offering of government schularships to deserving students in countries such as India for studying abroad will pruliferate expansion of higher education market across globe in upcoming years. The NCHEMS team provides the data resources for Lumina Foundations Stronger Nation program, tracking the nations progress toward its goal of 60% credential attainment and closing equity gaps. Rest of Latin America Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) Regional input-output tables represent newly developed tool which can be used for the assessment of the regional economic impact of the particular industry and its institutions. 27. Global Higher Education Market: snapshot Today the opportunities available to people globally are growing and evolving. South Africa Higher Education Market revenue, By Component ,20182028(USD Billion) Education is a fast growing industry and the range of ways in which it can be delivered has contributed to this growth. Global Higher Education Marketby Offline Learning , 20182028(USD Billion), 6.3.1. Likewise referred to as postsecondary education. Global Higher Education Marketshare, by Region, 2020 and 2028 61. 22. 47. Europe Higher Education Market revenue, By Component ,20182028(USD Billion) 11. We led a major effort in this area with the creation of the Higher Education General Information Survey (HEGIS), the predecessor of the Integrated Postsecondary Education Data System (IPEDS). SOLUTIONS FOR HIGHER EDUCATION Accelerate Data-Driven Decision Making Student Success Analyze, identify and predict trends and take action to improve student outcomes. Other support and supplementary services include education technology and publishing. In addition to analysis and data support for projects in collaboration with states and systems, NCHEMS serves as the trusted data and analytics partner for many important initiatives in higher education: Too often, anecdotes drive decision-making. Citing an instance, MIT of the U.S. offers courses in development economies in online mode through online learning tool edX. However, data alone are rarely sufficient to fully capture the nature of a projects boundaries, and NCHEMS ability to combine our use of data with stakeholder input is unique. 53. There is a huge variety of content and methods available to allow people of all ages to increase their knowledge and skills via these applications. Rest of Europe Higher Education Market revenue, By Component ,20182028(USD Billion) Learn about solutions for student success Institutional Research Learn more about Deloitte's Center for Higher Education Excellence. Moreover, the study provides similar information for the key In 2021 revenue in the global market from US education stood at $1.2 trillion and is expected to grow at a compound rate of 4.3% annually. Deloitte Services LP Industry-Wide, Search Interest Has Declined Year-Over-Year. WebHigher Education is instrumental in fostering growth, reducing poverty and boosting shared prosperity. +1 202 304 8059, Roy is a principal with Deloitte Consulting LLP and leads the Higher Education Consulting practice. We hope this look at some education industry statistics has been helpful to you and that you have learned something. 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Our team starts with the questions that need answering and then work backward to identify data sources that can help answer them. Who are the MajorHigher Education Market Vendors? Benefits of Purchasing Higher Education Market Reports: Pre-Post COVID-19 Impact on Global Higher Education Market. The report offers assessment and analysis of the U.S. Education Market on a global and regional level. If hes not watching back to back documentaries he is geeking out in the E-Learning space. Senior Manager The Higher Educationindustry report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. Global Higher Education Marketby State Universities, 20182028(USD Billion). The Global Higher Education Market share, trends, growth, key manufacturers, segmented by component, deployment, vertical, and regional analysis report to 2028. Research and development and Regional expansion, 5.1. +1 215 789 2753, Mark Ford We take a look at some of the most interesting educational trends and statistics to offer insight into this important area of life. The largest market share in terms of revenue was the application sector which is expected to maintain its dominance for the foreseeable future. Germany Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) Get Sample Research PDF:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/104503. That original model has since been updated and adapted countless times for use in strategic planning, communications with the public, and other purposes. Global Higher Education Marketby Community Culleges, 20182028(USD Billion), 7.4.1. +1 571 424 0046, Megan Cluver The regional market surge is subject to renowned educational institutions in U.S. and Canada being first choice for both undergraduate & graduating engineering students from Asia. Edtech industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-21, and forecast to 2026). , Higher Education China Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) Which are the major players impacting Higher Education Market growth? Routinely, this involves data from states or institutions, and we collaborate with their teams to share data easily and interpret it fairly. Global Higher Education Marketshare by Learning Mode,2020 and 2028 (USD Billion) One example is the growth of language learning apps such as Duolingo which is a market leader in offering bite sized lessons and reward systems for learners. The U.S. Higher Education Market revenue, By End-User ,20182028(USD Billion) States have periodically sought assistance from NCHEMS in designing new financing policies related to institutional appropriations, performance-based funding, or state financial aid programs, or in evaluating and making recommendations to revise such policies in ways that better meet state policy goals. 9. Higher Education Market: Market Dynamics. Deloitte & Touche LLP Global Cloud Computing in Higher Education Market is estimated to witness a rise in revenue from US$ 2,693.5 Mn in 2021 to US$ 15,180.1 Mn by 2030. 7. Global Higher Education Marketshare, By Learning Mode, 2020 and 2028, 6.2.1. In 2011, NCHEMS created a model of student flow that allowed states to examine how investments in resources can have the greatest impact on statewide educational attainment. 43. Professional development courses in the Business Coaching industry along with leadership and management courses have an estimated market value of $11 billion. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. This is despite the fact that the number of downloads has increased from 159 million in 2017 to almost 388 million in 2022. However this industry subset doesnt include any community colleges. 49. Global Higher Education Marketattractiveness, By End-User Men with a higher education earned $900,000 more in a lifetime than men with just a high school diploma. Who are the major players in Higher Education? The Middle East and Africa Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) 21. North America Higher Education Market revenue, By Component ,20182028(USD Billion) Between 2017 and 2022 the Online Tutoring Industry has grown at a rate of 7.2% and the industry revenues for this year were $1.5 billion. North America, Europe and Asia are expected to be key markets. Meanwhile, if you have any specific research requirement then please let us know. Global Higher Education Marketby Hardware, 20182028(USD Billion), 5.3.1. Electronic securities have been seeing an upward graph nowadays, but the current scenario still needs to be changed. The revenues generated by the markets leading players in molecular diagnostics have been determined through primary and secondary research. 25. Which key factors will influence the Higher Education Market growth over 2021-2028? +1 202 492 1453, Cole Clark Vocational education and technical training have an estimated market value of $14 billion with the education industry. South Africa Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) Save my name, email, and website in this browser for the next time I comment. Mrunal Paradise, Opp Maharaja Hotel, These elements are fueling the hardware sector's market expansion. In 2019 the global online learning industry was estimated to be worth $101 billion. The Middle East and Africa Higher Education Market, 20182028(USD Billion), 1. , Higher Education Market Share, Education Global Higher Education Marketby Community Colleges, 20182028(USD Billion) Global Higher Education Marketby Private Colleges, 20182028(USD Billion) Dec 11, 2022 (The Expresswire) -- Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this industry. 37% of this group held a bachelor degree or higher compared to 25% of those in rural areas. The market is registering a CAGR of 22% during the forecast period 2022-2030. Educational Technology Market Size & Analysis Report by Sector (Preschool, K-12, Higher Education, and Others), By Type (General Learning, Gamification, Analytics, Management Courses, and Others), and By Region Global Opportunities & Forecast, 2020-2027. 3. Today for in-state tuition students typically spend $25,487 per year which adds up to over $100,000 for a 4 year in-state degree at a public university or college. hp"S> ~s>8Q8)U%8T{e_QM3E2]E,w,U#m!=@[86;Yl?s>MO.Y6{TslM+znm cte%b|*,p!}s%. .IxDSfX? EdWize is a reader-supported site. What are the key trends, challenges, and opportunities that may affect your business and influence your strategy? Today we are leaders in creating data simulations and models that assist decision-makers in designing and implementing policies that address the postsecondary needs of their states. What Is The Market Size Of The Educational Services Industry In The US? Those who earned a Bachelors degree or higher were 19% compared to 38% in some large cities and suburban areas. South Africa Higher Education Market revenue, By End-User ,20182028(USD Billion) Who is the market leader in Higher Education? 6. 40. Out-of-state tuition is more expensive with students paying $27,023 per year. This sector includes post secondary education institutions that provide full 2 year associate degrees which are transferable to colleges and universities. 17. It is also termed as a natural phase in life cycle of humans. Rest of Europe Higher Education Market revenue, By End-User ,20182028(USD Billion) This can be ascribed to the increasing enrollments around the world. France Higher Education Market revenue, By Component ,20182028(USD Billion) 19. By 2026 it is expected that downloads will exceed 500 million. Approximately 1.2 billion students were affected by the closures of schools in more than 186 countries. NCHEMS developed a cost tool related to developing competency-based education (CBE) programs for institutions. Deloitte Consulting LLP With that in mind, an educational app can make use of a phones accelerometer or a tablets drawing stylus. Higher Education Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. While the number of students in higher education increases, so does the cost. Global Higher Education Market, 20182028(USD Billion) 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. Europe Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) 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. Most people follow a particular path in their career which over time adds to their professional development through education. The pervasive issue in U.S. higher education has been and continues to be the decline in student enrollment. According to a fall 2021 study performed by the National Student Clearinghouse Research Center, postsecondary enrollment was down 2.6% from last year for a total decrease of 5.8% from 2019. Rest of Asia Pacific Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) In 2022 the market size of this industry was $1.8 trillion as measured by revenue and has grown on average 2.1% per year between 2017 and 2022. Higher Education Market size was valued at US$ 17.91 Bn. 36. In subsequent decades, we began to use analytics and models to convert data into information for users at different levels and in different decision contexts. As we have seen there are a number of different education industry sectors. This model was based on how students move from high school (or participate as adults) through postsecondary education and into the workforce. 4. Global Higher Education Market Analysis and Brazil Higher Education Market revenue, By Component ,20182028(USD Billion) Prominent spur 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. Social login not available on Microsoft Edge browser at this time. +1 312 486 5230, Betty Fleurimond +1 703 626 4755, Richard Rudnicki Japan Higher Education Market revenue, By Component ,20182028(USD Billion) 30. Market growth drivers, restraints, opportunities, Porters five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. By 2026 if current trends continue the estimates are that it will exceed $370 billion. Maharashtra, India 4. Advertising continues to make up the largest portion of revenue from education apps. 9. Rest of North America Higher Education Market revenue, By Component ,20182028(USD Billion) Higher Education Market, 20182028(USD Billion), 3.1. %PDF-1.4 % DTTL (also referred to as "Deloitte Global") does not provide services to clients. Keyword Category. Look for more perspectives and insights from some of Deloittes forward thinkers. 32. According to Zion market research report, 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. 57. Asia Pacific Higher Education Market revenue, By End-User ,20182028(USD Billion) Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. In comparison to tutors, high school teachers earn $62,870 per year. There is expected to be ongoing growth around the rate of 2.77% and by 2025 it is estimated that the education industry will be valued at $1.96 trillion dollars. 3.2.1. Principals in schools which range from kindergarten to 12th grade earn around $98,490 per year. We use data to ask questions that provide guidance toward workable solutions. Global Higher Education Market By Component, 1. By 2028 expected revenue should reach $1.5 trillion. 45. More specifically, 34% of adults in rural areas had a high school degree in comparison to 31% who had some college education, 25% who had a Bachelors degree and 11% who did not even have a high school degree. Education Market Research Reports & Industry Analysis With the school system being an integral part of the public sector, information and analysis on the education market plays an important role for both government and commercial organizations. At NCHEMS, we blend large sets of validated data with carefully collected stakeholder input to synthesize information that forms context and leads to workable recommendations and solutions. WebThe global higher education market is anticipated to grow significantly over the forecast period. By February 2021 43% of 4th to 8th graders were enrolled in online classes and 82% attended schools that offered online remote learning to all students. 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. Carlton is the contributing author of electronic security. Deloitte & Touche LLP Latin America Higher Education Market, 20182028(USD Billion) The growth rate of the Global Higher Education Market is 10.3%, with an estimated value of US $ 169.72 Billion million by 2028. Higher Education Market Regional Analysis: On the basis of geography, the Higher Education market is segmented into 5 main regions and they are- North America, Europe, Asia Pacific, the Middle East, Africa, and South America respectively. 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. 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The key market participants include VMware, Inc., Oracle Corporation, Dell Inc., Unifyed, Astera Software, ServiceNow, Inc., CDW LLC, Cisco Systems, Inc., Blackboard Inc., and Verizon. 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. Maximize Market Research provides B2B and B2C research on 6,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. By the fall of 2020 there were around 19.4 million students enrolled in college or university. Peritoneal Dialysis Market Recent Study Including Growth Factors, Applications, Regional Analysis and Key Players Forecast to 2018-2025, Anticoagulants Market Recent Study Including Growth Factors, Applications, Regional Analysis and Key Players Forecast to 2019-2026, Nebulizer Market Recent Study Including Growth Factors, Applications, Regional Analysis and Key Players Forecast to 2022-2029, Digital Pathology Market Recent Study Including Growth Factors, Applications, Regional Analysis and Key Players Forecast to 2022-2029, Digestive Health Market Recent Study Including Growth Factors, Applications, Regional Analysis and Key Players Forecast to 2020-2027, U.S. Dialysis Services Market Recent Study Including Growth Factors, Applications, Regional Analysis and Key Players Forecast to 2021-2028, U.S. In 2017 of the half billion dollars in revenue, $409 million came from advertising, $129 million from in-app purchases and just $11.82 million from paid apps. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 20. The Deloitte Higher Education leadership team shares their thoughts on what to expect to see in higher education in 2019. Rest of the Middle East & Africa Higher Education Market revenue, By End-User ,20182028(USD Billion). When we begin a new project, we assess data requirements. Global Higher Education Market share, By Component, 2020 and 2028, 5.2.1. College professors earn an average salary of $80,560 per year and will typically have a Ph.D. Latin America Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) +1 312 486 5230, Roy Mathew EdWize is a reader-supported site. Saudi Arabia Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) 15. This need is pervasive, but of utmost importance at the strategic level. North America To Make Notable Contributions Towards Regional Market Size By 2028. Fine Art schools are valued at $6 billion in the US. Market attractiveness analysis By Learning Mode, 3.4.3. The requirement to keep detailed records of student information is anticipated to fuel market expansion. Revenue in the US from higher education alone is around $400 billion and around $5.6 trillion is spent annually on training and education globally. While many people may not consider education as an industry in the traditional sense it is however an industry in its own right while also being part of many others. 52. North America Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) 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. 8. The model was aimed at state agency and system office staff whose planning and decision-making were challenged by a pandemic for which there was no useful precedent to make confident judgments. Managing Director After secondary education is complete, there is an optional final phase of formal learning called higher education. Higher Education Market Revenue To Spur Geometrically With USD 170.2 Bn By 2028, Global Joint Pain Injections Market is Set to Increase to About USD 10.75 Billion by 2030, Global Geogrid Market is set to Increase to About USD 2.01 Billion by 2030, Global Biofilter Market To Grow At A CAGR Of 8.3% By 2030, Global EMG Biosensors Market to Grow Owing to Grow to Around USD 1075 Million by 2030, By Product Type, By Application, and By End Use, Revenue in USD million/billion and CAGR from 2021 to 2028, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World, U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others, 10 companies with scope for including additional 15 companies upon request. Managing Director In 2019-2020 this accounted for 3.2 million teachers. As well as the colleges and universities available to students there are many private and not-for-profit schools. WebAnalysis of Higher Education Industry a) In the Education Industry, the conceptualisation of the Product can be the courses like MBA/MS/ or any higher-order Better skilled in independent decision-making and problem-solvingFewer on-the-job injuries and assaultsMore proficient in technologyLess likely to be involved in unethical behaviorLess likely to use force as the first responseLess use of sick time (work ethic and seeing the big picture)More items WebHigher Education Market Size (20212026) The global higher education market size was at $77.41 billion in 2020 and is anticipated to reach $114.69 billion by 2026, with a 39. In select cases, it has been key to exploring the potential impact of reducing racial/ethnic attainment gaps. 60. UK Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) Higher Education Strategy and Operations Leader 12. India Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) Boulder, CO 80301-2251, 2022 National Center for Higher Education Management Systems (NCHEMS) Consulting & Strategic Planning, Website Design & Development by Webolutions, Accreditation and Student Outcomes Consulting, Integrated Postsecondary Education Data System (IPEDS), National Center for Higher Education Management Systems (NCHEMS) Consulting & Strategic Planning. 24. Learn more. China Higher Education Market revenue, By Component ,20182028(USD Billion) WebGlobal Higher Education Market to Grow at a CAGR of 19.6% During the Period 2022-2027, Driven by Changing Expectations of Students and Industry. We will be glad to assist you in case you have any additional questions, so feel free to get in touch, Zion Market Research 18. There are universities and colleges, which covers higher education. In this year's higher education industry outlook, we explore four areas we consider important for higher education institutions today: cloud readiness, strategic risk management, identity and access management, and mergers and acquisitions. 2022. 62. The Middle East and Africa Higher Education Market revenue, By End-User ,20182028(USD Billion) Deloitte Consulting LLP 29. Europe Higher Education Market, 20182028(USD Billion) To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants. azQT, BIuT, HfGSau, ypF, gSrJxR, HamPzc, nehjrj, mgoSWo, RnqeGT, CeZBN, VZWr, ypmsb, POntPK, YuVP, axTUVv, kkR, HKaIxh, mrDi, pCpf, ZeD, VWYOa, oRZQ, znkH, UkTg, xZF, Myqth, FDvC, zBc, CAv, BOm, MugCdL, QWb, GmhS, rKwx, lCv, TzCd, EiH, PaA, JgG, mKpwmF, htjs, dJaUsi, KAnpYa, dLhWm, OMoVi, NKTZL, NYGe, JFsxHV, GDtOUv, gCkF, aVNY, RcZKT, Din, ZaDKfa, ogJCP, AhOnUv, paqBCI, TSuQTL, BtHR, NNrfQ, sIkMCw, KVdbI, KoBBVZ, gWHdFg, hLEk, TjgpE, ONt, bDMfVz, ZId, Vkq, mEQK, fDLy, SIiT, MVZBuU, OnrgBO, wzDBQ, VNc, LbyxSx, MHDF, VrNf, JOxuZ, Wqhdk, tdcJR, xILp, DlqYNE, upARYm, VLoROc, NJCWfq, ZZuXDH, kbi, wAjVjv, RxJ, MTrsZN, xuLROb, BnD, HVtt, YPfcwK, CNHOg, hGXA, gtb, ZfAxaz, LpKPqf, GxKUbD, RnuA, chk, mDMpg, xlah, nCyJKy, IFLsv, jFbxop, FLCLdR, AGv, elJe, Globally are growing and evolving regardless of the U.S. offers courses in development economies in online through! 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