The Global Education Market was estimated to be worth 1.1 trillion USD in 2020 and is expected to be worth 2.3 trillion USD by 2028, with a CAGR of almost 4.5% between 2021 and 2028.
The research examines and evaluates the global and regional education markets in the United States. The study delves deeply into market rivalry, restrictions, revenue projections, opportunities, shifting trends, and industry-validated data. The report includes historical data from 2018 to 2020 as well as revenue projections from 2021 to 2028. (Trillions of dollars in American currency).
U.S. Education Market: Outlook
Education is a process of learning that aims to considerably improve a person’s capacity. In the United States, elementary school education is free, with each state adopting comprehensive education criteria. Private schools, on the other hand, are free to develop their own policies and procedures. Additionally, education is supported by the regional, state, and federal governments.
According to reports, education is also referred to as a learning mode that is delivered in a blended, online, and offline manner using various means such as the internet, video conferencing, and social media applications such as Google Meet & Zoom. It is a tool for gaining knowledge, decreasing gender disparities, and raising public awareness.
U.S. Education Market: Growth Dynamics
The growth of the US education market throughout the projection period is due to a rise in the number of children in nations such as the US who require basic education. Furthermore, as a result of the COVID-19 epidemic, the growing acceptance of online education over traditional ways is expected to greatly boost the growth of the U.S. Education Market in the next years. Aside from that, the rise in popularity of online books and e-books in the United States is expected to support the growth of the U.S. education industry over the projection period.
Furthermore, the rise in demand for e-learning and video-based learning in the U.S. will contribute substantially towards the size of the U.S. Education market in years ahead. The introduction of new technologies in the education sector and the surge in the funding of education in the country will drive market trends in the U.S. Nonetheless, a shortage of workforce, rise in not-for-profit institutes, and strict laws governing the education sector in the country can impede the growth of U.S. education industry in near future.
Key players influencing the growth of the market and profiled in the report are Wall Family Enterprise, Cisco Systems, Inc., Educomp Solutions Ltd., Desire2Learn, Blackboard Inc., Pearson Plc., AWE Acquisition, Inc., SumTotal Systems Inc., Tata Interactive Systems, Smart Technologies, ABCmouse.com, Saba Software Inc., Promethean, Inc., McGraw-Hill Education, NIIT Limited, Adobe Systems Inc., and Ellucian Company.
The U.S. Education Market is segmented as follows:
By Smart Learning Mode
Virtual Instructor-Led Training
By End User
Higher Education Institutes
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