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. 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. Moreover, we learn from our experiences to continually enhance and adapt our tools. Japan Higher Education Market revenue, By End-User ,20182028(USD Billion) Asia Pacific Higher Education Market revenue, By Component ,20182028(USD Billion) The Higher Education market research covers existing and new markets in-depth, as well as a competitiveness assessment in shifting market conditions. 43. Women with a Bachelors degree earned $630,000 more than high school graduates. 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. Latin America Higher Education Market revenue, By Component ,20182028(USD Billion) Global Higher Education Marketattractiveness, By End-User 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. Learn more about Deloitte's Center for Higher Education Excellence. These methods were also widely used to estimate the size of various market sub segments. 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. [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. Global Market Likely to be Driven by Advancements in Technology Those who earned a Bachelors degree or higher were 19% compared to 38% in some large cities and suburban areas. France Higher Education Market revenue, By End-User ,20182028(USD Billion) 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. 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. They will have gained a Bachelors degree in order to begin their careers. Global Higher Education Marketoverview: By Learning Mode, 6.1.1. 33. 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. They each have an important role and offer opportunities to students, and businesses. 11. 50. It is also termed as a natural phase in life cycle of humans. Market attractiveness analysis By Learning Mode, 3.4.3. 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. North America will contribute lucratively towards the global market earnings over the projected timeline. 23. 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. Saudi Arabia Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) 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. Those who do graduate on average earn $8,000 per year compared to those who do not finish high school. 27. This can be ascribed to the increasing enrollments around the world. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. Utilize analytical insights to anticipate and respond proactively to changing higher education trends. Jeffrey Bradfield The global Higher Education Market accrued earnings worth approximately 78.1(USD Billion) in 2020 and is predicted to gain revenue of about 170.2 (USD Billion) by 2028, is set to record a CAGR of nearly 10.4% over the period from 2021 to 2028. Deloitte is dedicated to advancing the mission of higher education by working hands on with institutions nationwide to achieve lasting, impactful, and measurable results. Moreover, the study provides similar information for the key Our team consists of former higher education administrators, leaders, and specialists in the field, complemented by Deloitte's world-class technology capabilities. Certain services may not be available to attest clients under the rules and regulations of public accounting. Advertising continues to make up the largest portion of revenue from education apps. in 2021 and the total revenue is expected to grow at 19.4 % through 2022 to 2029, reaching nearly US$ 73.98 Bn. At Deloitte, our purpose is to make an impact that matters by creating trust and confidence in a more equitable society. People are choosing these courses because they are consistent with the global technological advancements that are taking place. During the first decade, the focus of our work was on creating systems and procedures for collecting data. 44. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Global higher education market has emerged in past twenty years and has been 45. Asia Pacific Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) Which region will contribute notably towards the global Higher Education Market revenue? 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. 4. 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. 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. The Global Higher Education Market share, trends, growth, key manufacturers, segmented by component, deployment, vertical, and regional analysis report to 2028. When comparing those with a Bachelors degree versus high school graduates there is still an obvious gender difference. College professors earn an average salary of $80,560 per year and will typically have a Ph.D. Global Higher Education Marketby Sulutions, 20182028(USD Billion), 6.1. UK Higher Education Market revenue, By End-User ,20182028(USD Billion) 55. Just as other industries across the economy are adapting to a world in which actionable information is a major determinant of organizational success and adaptability, the need for good information has never been greater in the postsecondary education industry. including Porter's Five Forces, SWOT analysis, player positioning analysis, market share analysis, and value chain analysis. Avail customized purchase options to meet your exact research needs. However, to become a principal the entry level education is a Masters degree. Learn about solutions for student success Institutional Research Picture This is an app that seeks to help users recognize plants from photographs and teach about plant care. Brazil Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) 6. Global Higher Education Marketby Online Learning, , 20182028(USD Billion) Agreements, partnerships, cullaborations, and joint ventures, 4.2.4. UK Higher Education Market revenue, By Component ,20182028(USD Billion) Global Higher Education Marketby Hardware, 20182028(USD Billion), 5.3.1. Dec 11, 2022 (The Expresswire) -- Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this 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 Email: sales@zionmarketresearch.com. Education is a fast growing industry and the range of ways in which it can be delivered has contributed to this growth. What are the key trends, challenges, and opportunities that may affect your business and influence your strategy? Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. North America Higher Education Market revenue, By Component ,20182028(USD Billion) 19. HWrFC?m["A ,KL Egp#)Abt=fo~ h-h%7*_]B(rbIQ@ZRu 2v"u'bZ?Xh$#$xHnuGOwqgbxR|' "p">27 This is why our approach is designed for flexibility, collaboration, and start-to-finish support. Global Higher Education Marketby State Universities, 20182028(USD Billion) 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. The growth rate for high school teacher salaries is about average at 8% predicted between 2020 and 2030. By 2022, the total revenue of $1.72 billion comprised over $1 billion from advertising, $662 million from in-app purchases and $29 million from paid apps. The courses offered are mostly technical and vocational ranging from electronics technology to computer programming. 48. Approximately 1.2 billion students were affected by the closures of schools in more than 186 countries. Best WordPress Theme For Membership Sites, Frequently Asked Questions On Education Industry Statistics. SOLUTIONS FOR HIGHER EDUCATION Accelerate Data-Driven Decision Making Student Success Analyze, identify and predict trends and take action to improve student outcomes. Principal 10. Europe Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) These elements are fueling the hardware sector's market expansion. This is elementary and secondary education. 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. Higher Education Market Growth Analysis [2022 to 2029] | Size, Share, Trends Regional Insights. Education industry is generally divided into three areas i.e. Senior Manager What is the future of Higher Education Industry. By 2028 expected revenue should reach $1.5 trillion. Leaders in the industry should begin exploring new opportunities to help them meet the evolving needs centered around the higher education institution. What Is The Market Size Of The Educational Services Industry In The US? Get Sample Research PDF:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/104503. 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. Thank you for your interest in our research report. Senior Manager Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. Dec 11, 2022 (The Expresswire) -- Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this industry. Community colleges in the United States are currently valued at approximately $60 billion. 53. Learn more. WebThis paper deals with the regional input-output analysis and its application to evaluation of the macroeconomic impact of expenditures on higher education. 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. This need is pervasive, but of utmost importance at the strategic level. Professional development courses in the Business Coaching industry along with leadership and management courses have an estimated market value of $11 billion. Computerized Maintenance Management Solutions (CMMS) Market France Higher Education Market revenue, By Component ,20182028(USD Billion) Higher Education Market size was valued at US$ 17.91 Bn. 47. 18. Apparently, few of foreign educational institutions offer MBA degree programs in online mode to students at reasonable tuition fees. Global Higher Education Marketby Private Colleges, 20182028(USD Billion) With that in mind, an educational app can make use of a phones accelerometer or a tablets drawing stylus. Pimple Gurav, Pune 411061, In todays rapidly evolving marketplace environment, key business issues are converging with impacts felt across multiple industry sectors. For a 4 year Bachelors degree in 1963 the cost was $5,144, in 1989 it was $52,892. Rest of the Middle East & Africa Higher Education Market revenue, By Component ,20182028(USD Billion) Some are more obvious than others. Maharashtra, India Look for more perspectives and insights from some of Deloittes forward thinkers. 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. The Middle East and Africa Higher Education Market revenue, By Component ,20182028(USD Billion) Routinely, this involves data from states or institutions, and we collaborate with their teams to share data easily and interpret it fairly. %PDF-1.4 % 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 Global Higher Education Marketby Solutions, 20182028(USD Billion) 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 Which are the major players impacting Higher Education Market growth? Special education teachers earn on average $61,500 and most have a Bachelors degree. However, professors in community colleges may have a Masters degree. Global Cloud Computing in Higher Education Market is estimated to witness a rise in revenue from US$ 2,693.5 Mn in 2021 to US$ 15,180.1 Mn by 2030. What will be the value of the Higher Education Market during 2021-2028? 30. This is mostly because many of the apps available in the West are not available in China, so they have had to produce their own. Latin America Higher Education Market, 20182028(USD Billion) When we begin a new project, we assess data requirements. While the number of students in higher education increases, so does the cost. The report offers an assessment and analysis of the Higher Education Market on a global and regional level. 21. The Middle East and Africa Higher Education Market, 20182028(USD Billion), 1. Likewise referred to as postsecondary education. Porters Five Forces Analysis 8. Keyword Category. It includes all postsecondary instruction, training, and advice on conducting research at educational institutions that have been approved by state authorities as institutions of higher education. The U.S. Higher Education Market revenue, By Component ,20182028(USD Billion) Meanwhile, if you have any specific research requirement then please let us know. 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. The market for higher educationis expanding as a result of rising internationalisation and rising student enrollments, among other important factors. +1 408 704 4527, Scott Friedman 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. Services such as tutoring or exam preparation are also part of this industry. Martin is the editor in chief as Edwize.org. 19. }"~2b4b1-84+-! Global Higher Education Marketshare, By Learning Mode, 2020 and 2028, 6.2.1. Rest of Europe Higher Education Market revenue, By End-User ,20182028(USD Billion) 32. 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. 8. 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They do not translate into academic qualifications, however. , Higher Education Market Size Global Higher Education Marketshare by End-User ,2020 and 2028 (USD Billion) WebTo assess the market, the research study employs a number of analytical approaches, including Porter's Five Forces, SWOT analysis, player positioning analysis, market Mobile applications are specifically designed to be used on phones and tablets. Most people follow a particular path in their career which over time adds to their professional development through education. Mrunal Paradise, Opp Maharaja Hotel, 3.2.1. North America Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) Additionally, in recent years, NCHEMS has provided data and analysis services behind the scenes to many initiatives in postsecondary attainment, including the. 10. 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. Out-of-state tuition is more expensive with students paying $27,023 per year. The report offers assessment and analysis of the U.S. Education Market on a global and regional level. For younger students there is K-12 which is kindergarten to 12th grade. These small businesses also form part of the education industry. Who are the MajorHigher Education Market Vendors? For those who live in more rural areas the opportunities for education are not as plentiful as for those in cities. +1 312 486 5230, Roy Mathew WebHigher Education Market Size (000 Units) and Y-o-Y Growth 4.5.3. CY.A 0x>9~FP@: s^@h X2'eSWy= YD.YTmz8Ar[421EIEMw8>1dGdY}/\uEYU8;AiS[J'l^)oU#v*QCZ;{&p)S;#^. Global Higher Education Marketby Offline Learning, 20182028(USD Billion) The expansion of the internet has given people new opportunities to gain new skills from prestigious universities located all over the world. 13. 20. There are universities and colleges, which covers higher education. 37% of this group held a bachelor degree or higher compared to 25% of those in rural areas. Phone:US:+1 424 253 0390,UK: +44 2071 939123,APAC: +91 744 740 1245, Your email address will not be published. Rest of Latin America Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) Saudi Arabia Higher Education Market revenue, By End-User ,20182028(USD Billion) Increased connectivity and hardware, the privacy of numerous cloud-based resources, the emergence of online and collaborative learning, and the personalization of technology are all contributing factors to the growth of the higher education market. Market attractiveness analysis By Component, 3.4.2. By the fall of 2020 there were around 19.4 million students enrolled in college or university. ''The Final Report will cover the impact analysis of COVID-19 on this industry.'' So this is a diverse industry that is closely connected to many others that it relies on. In this year's higher education industry In 2021, Hardware held a commanding 38% market share by component. In order to identify the most relevant competitors for the survey in the Higher Education market, a rigorous validation test is also conducted. Latin America Higher Education Market revenue, By End-User ,20182028(USD Billion) Deloitte Consulting LLP The Middle East and Africa Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) Rest of North America Higher Education Market revenue, By Component ,20182028(USD Billion) 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. Global Higher Education Marketby Offline Learning , 20182028(USD Billion), 6.3.1. Global Higher Education Marketshare by Learning Mode,2020 and 2028 (USD Billion) As we have seen there are a number of different education industry sectors. Higher Education Market, 20182028(USD Billion), 3.1. What Are The Main Education Industry Sectors? , Education The market is expected to grow at a CAGR of 10.3% in the forecast period (2021-2028). Global Higher Education Marketshare, By End-User , 2020 and 2028, 7.2.1. 57. Managing Director 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 Deloitte & Touche LLP 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. This paper deals with the regional input-output analysis and its application to evaluation of the macroeconomic impact of expenditures on higher education. Germany Higher Education Market revenue, By End-User ,20182028(USD Billion) Many high schools now also allow students to pursue multiple pathways that lead to college, with some offering high quality preparatory programs. This is despite the fact that the number of downloads has increased from 159 million in 2017 to almost 388 million in 2022. WebThe study covers a qualitative and quantitative analysis of the market segmented based on type, and application. Our team starts with the questions that need answering and then work backward to identify data sources that can help answer them. Global Higher Education Market: company market share, 2019, 4.2.3. If hes not watching back to back documentaries he is geeking out in the E-Learning space. 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. China Higher Education Market revenue, By Learning Mode ,20182028(USD Billion) Finally not forgetting the diversity of professions that the education industry employs, teachers, professors, librarians, administrators and counselors. 3035 Center Green Drive WebHigher Education Market Size (20212026) The global higher education market size was at $77.41 billion in 2020 and is anticipated to reach $114.69 billion by 2026, with a Carlton is the contributing author of electronic security. See how we connect, collaborate, and drive impact across various locations. To stay logged in, change your functional cookie settings. Higher Education Market size was valued at US$ 17.91 Bn. Deloitte Services LP After secondary education is complete, there is an optional final phase of formal learning called higher education. This diversified sector offers courses and certifications in medical technician training, flight schools and firefighter instruction. Japan Higher Education Market revenue, By Component ,20182028(USD Billion) 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. Other support and supplementary services include education technology and publishing. 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