U.S. Education Market

Market Synopsis:

The Global U.S. Education Market was valued at USD 1.2 Trillion in 2021 and is projected to reach a value of USD 1.5 Trillion by 2028. 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, bachelors degree, masters degree, professional degree, advanced intermediate degree, and research doctorate of education, post-secondary education includes non-degree programs that provide diplomas or certificates.

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 industrys 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.

Market Segmentation:

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.

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 industrys 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 nations education sector.

Competitive Landscape:

The key players in the Global U.S. Education Market include- Adobe Systems Inc. and others.

Segmentation of the Global U.S. Education Market: