5 Key Takeaways From The Colleges, Universities, And Professional Schools Market Report 2023 – Includes Colleges, Universities, And Professional Schools Market overview
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Colleges, Universities, And Professional Schools Global Market Report 2023, the colleges, universities, and professional schools market is expected to show significant growth in the forecast period.
Key insights from the colleges, universities, and professional schools market forecast include:
- Market Size
The worldwide market for colleges, universities, and professional schools will increase from $1,199.45 billion in 2022 to $1,280.45 billion in 2023, with a 6.8% CAGR. By 2027, it’s anticipated to reach $1,595.9 billion, growing at a 5.7% CAGR.
- Major Driver
Rising undergraduate enrollment is set to drive colleges, universities, and professional schools market growth. Data from The National Center for Education Statistics (NCES) projects an 8% increase, from 15.9 million to 17.1 million students, between 2020 and 2030, further bolstering market expansion.
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- Key Trend
Prominent US and European universities establish branch campuses or partner with local institutions in emerging markets, notably in Asia and the Middle East. This trend results from the high demand for their education quality in these regions. The Cross-Border Education Research Team (C-Bert) reports approximately 247 global international branch campuses. For example, the University of Nottingham has established two branches, one in Malaysia with 4,500+ students, and another in China with 7,000+ students.
- Major Players
Major players in the colleges, universities, and professional schools market are University of California System, University of Pennsylvania, University of Michigan, Stanford University, Harvard University, Columbia University, Cornell University, Yale University, Massachusetts Institute of Technology, and The Texas A&M University System.
- Top Market Segments
The global colleges, universities, and professional schools market is segmented –
1) By Type: Technical and Trade Schools, Junior Colleges, Higher Education Colleges And Universities, Business and Secretarial Schools, Computer Training, Professional and Management Development Training
2) By Type of Expenditure: Public, Private
3) By Mode: Online, Offline
Subsegments Covered: Cosmetology and Barber Schools, Flight Training, Apprenticeship Training, Other Technical and Trade Schools
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The Colleges, Universities, And Professional Schools Global Market Report 2023 provides an in-depth analysis on the colleges, universities, and professional schools market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the colleges, universities, and professional schools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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