U.s. Education Market
U.s. Education Market - Global Industry Assessment & Forecast
- By Type Cloud, On-Premise
- By Content Audio-Based Content, Video-Based Content, Text Content
- By Smart Learning Mode Collaborative Learning Plant, Virtual Instructor Led Training, Simulation Based Learning, Adaptive Learning, Social Learning, Blended Learning, Webinars
- By Component Hardware, Software, Service
- By End User Higher Education Institutes, K-12, Pre-K
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
|Forecast Years:||2023 - 2030|
|Historical Years:||2017 - 2021|
|Revenue 2022:||USD 1.04 Trillion|
|Revenue 2030:||USD 1.45 Trillion|
|Revenue CAGR (2023 - 2030):||4.20%|
|Fastest Growing Region (2023 - 2030)||North America|
|Largest Region (2022):||North America|
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
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The Global U.S. Education Market was valued at USD 1.04 Trillion in 2022 and is projected to reach a value of USD 1.45 Trillion by 2030. The Global Market is anticipated to increase by exhibiting a Compound Annual Growth Rate (CAGR) of 4.20% over the forecast period.
The term "education" refers to a process or way of learning through a particular set of habits, information, values, abilities, and beliefs. It is the primary driver of development and the most reliable weapon for reducing poverty, advancing health, preserving peace, obtaining knowledge, and preserving gender parity. Education is decentralized and founded on the federal constitution of the United States. All students must attend school in the United States until they are 16 or 18 years old, depending on the state. Primary, middle, high, and post-secondary education follow a specific pattern in the nation. Along with six-degree levels, comprising associate degree, bachelor's degree, master's degree, professional degree, advanced intermediate degree, and research doctorate of education, post-secondary education includes non-degree programs that provide diplomas or certificates.
U.S. Education Market Size, 2022 To 2030 (USD Trillion)
Growing labor force participation, mergers and acquisitions, and the number of children under five living in the U.S. contributed to the rise of the U.S. education market. In addition, the demand for educated workers, the desire for U.S. education abroad, the rise of blended learning, increased education financing, and increased use of technology in the education sector are some of the trends driving the expansion of the U.S. education market. However, the industry's growth is expected to be hampered by a lack of qualified workers, increased competition from international colleges, the emergence of not-for-profit institutions, and legal and regulatory concerns.
The U.S. Education Market is segmented based on Type, Content, Smart Learning Mode, Component, End User, and Region. The market is sub-segmented into Cloud and On-Premises based on the segment Type. Furthermore, based on the segment Content, the market is sub-segmented into Audio-Based Content, Video-Based Content, and Text Content. On the other hand, based on the segment Smart Learning Mode the market is sub-segmented into Collaborative Learning Plant, Virtual Instructor Led Training, Simulation-Based Learning, Adaptive Learning, Social Learning, Blended Learning, and Webinars. Moreover, the market based on the segment Component is sub-segmented into Hardware, Software, and Service. Finally, the market is sub-segmented into Higher Education Institutes, K-12, and Pre-K based on the segment End User.
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Based on Type
The Cloud sub-segment dominated the market and is forecast to continue the dominance in the forecast period. The low capital commitment required to start up Cloud solutions is credited with driving growth. Furthermore, during the projection period on account of advantageous features provided by cloud solutions, such as automated updating, simple accessibility, unlimited storage space, scalability, quick implementation, customization, and a high data security the sub-segmental growth will also be accelerated.
Based on Content
The Video-Based Content sub-segment has dominated the market recently and is forecast to continue its upward trend in the forecast period. The vast acceptance of Video-Based Educational Content is a direct result of the e-learning activities' rising popularity. Due to the fact that people are becoming more conscious of the benefits of Video-Based Content, this market will continue to grow in the future years.
North America is Projected to Grow at the Highest CAGR during the forecast period
North America is accounted to increase at the highest Compound Annual Growth Rate (CAGR) during the forecast period. The market rise in the U.S. is attributed to the enormous focus on digital learning tools like internet-based learning (e-learning) or online learning in the region. The widespread acceptance of online education as a means of delivering education to all types of students will further propel the industry's expansion in the United States. Compared to the traditional method of learning, online digital learning is also a user-friendly, practical, and versatile learning technique. The U.S. education sector will rise as youngsters, working professionals, and homemakers become more aware of online learning. In addition, an increase in the widespread usage of online textbooks in the U.S. is expected to drive the growth of the nation's education sector.
The key players in the Global U.S. Education Market include- Adobe Systems Inc., Cisco Systems Inc., Educomp Solutions Ltd., Desire2Learn, NIIT Limited, Blackboard Inc., Pearson PLC, AWE Acquisition Inc., SumTotal Systems Inc., McGraw-Hill Education, Tata Interactive Systems, ABCmouse.com, Saba Software Inc., Promethean Inc., Ellucian Company and others.
Segmentation of the Global U.S. Education Market:
|Regions & Countries Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|
Frequently Asked Question
What is the global demand for U.S. Education in terms of revenue?
The global U.S. Education valued at USD 1.04 Trillion in 2022 and is expected to reach USD 1.45 Trillion in 2030 growing at a CAGR of 4.20%.
Which are the prominent players in the market?
The prominent players in the market are Adobe Systems Inc., Cisco Systems Inc., Educomp Solutions Ltd., Desire2Learn, NIIT Limited, Blackboard Inc., Pearson PLC, AWE Acquisition Inc., SumTotal Systems Inc., McGraw-Hill Education, Tata Interactive Systems, ABCmouse.com, Saba Software Inc., Promethean Inc., Ellucian Company.
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 4.20% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
The driving factors of the U.S. Education include
- Rise in popularity of e-books as well as online learning in the country
Which region accounted for the largest share in the market?
North America was the leading regional segment of the U.S. Education in 2022.