04-Feb-2023 | Facts and Factors
According to Facts and Factors, the U.S. education market size was worth around USD 1.41 trillion in 2021 and is predicted to grow to around USD 3.12 trillion by 2030 with a compound annual growth rate (CAGR) of roughly 4.21% between 2022 and 2030.
The education system in the United States follows kindergarten to 12th grade also called the K-12 system which is broken down into sub-segments primarily named elementary also called K-5, middle school starting from grade 6th to grade 8th followed by secondary or higher education enclosing grades 9 to 12th. Students are required to attend classes for a total of 12 years starting from primary to secondary. Once the 12th standard is completed, students can opt to go for further studies by enrolling themselves in a university or a college which is referred to as higher education.
Browse the full “U.S. Education Market Size, Share, Growth Analysis Report By Content (Video-Based Content, Audio-Based Content, and Text Content), By Type (On-Premise and Cloud), By End-User (Pre-K, K-12, and Higher Education), By Smart Learning Mode (Blended Learning, Collaborative Learning, Simulation-Based Learning, Virtual Instructor-Led Training, and Webinars), and By Region - U.S. Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030" report at https://www.fnfresearch.com/us-education-market
The US education system follows yearly assessments that determine the grade average point (GPA) which influences the future course of education the students can opt for. Regional education can majorly be categorized into two segments which are the public sector school and the private school. The former is funded by the state government and federal government whereas the latter is solely owned by a group of people acting as the management. Most of the students in the US complete K-12 education in public schools since private schools are more expensive and have their own set of criteria for admissions.
The U.S. Education market is projected to grow owing to the presence of the most prestigious educational institutes in the country. As per multiple reports, 8 out of 10 top institutes across the globe are located in the US. The Tisch School of the Arts, a part of New York University is an extremely prestigious school offering courses in filmmaking. Only 3 out of 20 students who apply to the course get selected every year. Job offers after completing courses from the colleges in the U.S. are highly lucrative which other regions may not be able to provide. The regional market growth could further be propelled by the rising initiatives undertaken by the government to encourage primary education across the nation. This comes at a time when several issues are being reported that are negatively impacting the effectiveness of educational programs.
However, in the last couple of years, many schools have reported incidents of mass shootings on school premises which is greatly affecting the confidence amongst parents related to the safety of the children when they are at school. In 2018, there were more than 11 school shooting incidents and as per factual data, 12 children die every day due to gun violence in the US. They are also the leading cause of violence among children and teenagers. Other factors like less involvement of parents, diversity absence in terms of gifted education, and lack of growth in teacher training methods and educator innovations are factors that could limit the global market growth.
The growing sponsorship programs may provide growth opportunities whereas the reports of overcrowding could challenge the market expansion.
Segmental Overview
The U.S. Education Market is segmented based on content, type, end-user, smart learning mode, and region
Based on type, the global market is divided into on-premise and cloud
- In 2021, the global market registered the highest growth in the on-premise segment with the cloud type followed by a marginal difference
- The growth in cloud-based services was the sudden surge in online classes resulting due to the Covid-19 restrictions
- The growing number of online programs resulting in more students having access to the country’s education system worldwide could lead to higher growth
- Henry Harvin, a global ed-tech company housed in the US, had a student database of more than 7,00,000 pupils spread across 97 countries as of 2022
Based on content, the global market is divided into video-based content, audio-based content, and text content. Based on end-user, the global market is divided into pre-K, K-12, and higher education.
Based on learning mode, the global market is divided into blended learning, collaborative learning, simulation-based learning, virtual instructor-led learning, and webinars
- In 2021, the global market registered the highest growth in blended learning which demonstrates the method in which both traditional face-to-face method is applied along with the use of digital medium and online teaching
- These programs have proven to be more effective as compared to their counterparts. As per studies blended learning works at 91.21% effectiveness
U.S. Education Market: Countries Analysis
The state of Massachusetts is expected to dominate the U.S. Education market since it is one of the most renowned states in terms of the number of prestigious universities as well as the high rating the public school systems have achieved in the last few years. Connecticut could lead to more revenue as it is currently the fifth most educated state in the country. It is also a well-regarded state for educators. The states of Vermont and Minnesota along with Wisconsin are also among the top-rated regions for student education. Further, aspects like the growing use of technology to improve the overall efficiency of lecture delivery and knowledge transfer activities along with an increasing emphasis on ed-tech programs to reach a larger pool of students by leveraging the benefits of technology could lead to higher revenue generation in the coming years.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 1.41 Trillion |
Projected Market Size in 2030 |
USD 3.12 Trillion |
CAGR Growth Rate |
4.21% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2030 |
Key Market Players |
Desire2Learn, Adobe Systems Inc., Wall Family Enterprise, Pearson Plc., Educomp Solutions Ltd., Cisco Systems, MIT, and Others |
Key Segment |
By Content, Type, End-User, Smart Learning Mode, and Countries |
Countries Covered |
North America: U.S, Canada
Latin America: Brazil, Argentina, Chile
|
Purchase Options |
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Competitive Landscape
The U.S. Education market is led by players like Desire2Learn, Adobe Systems Inc., Wall Family Enterprise, Pearson Plc., Educomp Solutions Ltd., Cisco Systems, MIT, and others.
Recent Developments:
- In October 2022, Glory Lee, a Brown-RISD dual-degree student founded Missing button which upcycles damaged Brown University apparel and transforms them into a one-of-its-kind piece of clothing
- In August 2021, the Massachusetts Institute of Technology (MIT) entered a collaboration with Ericsson, a global networking and telecommunications company, to research advanced and next-generation mobile networks. The teams will work on 2 projects that aim at assisting in building a network infrastructure that can support new mobile networks
The U.S. Education Market is segmented as follows:
By Content
- Video-Based Content
- Audio-Based Content
- Text Content
By Type
By End-User
- Pre-K
- K-12
- Higher Education
By Smart Learning Mode
- Blended Learning
- Collaborative Learning Plan
- Simulation Based Learning
- Virtual Instructor Led Training
- Webinars
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