Comprehensive Colleges, Universities, And Professional Schools Market Analysis 2024: Size, Share, And Key Trends
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The market for colleges, universities, and professional schools has experienced substantial growth, progressing from $1280.99 billion in 2023 to $1361.12 billion in 2024, with a compound annual growth rate (CAGR) of 6.3%. The growth in the historical period is credited to increased government funding, a rise in the number of private colleges and universities, and government initiatives promoting digital learning. Moving forward, the market is expected to continue its strong growth, reaching $1723.29 billion in 2028, with a CAGR of 6.1%. The forecasted growth is linked to a focus on expanding overseas university campuses, increasing student enrollment, and rising investments by online educational institutions. Noteworthy trends for the forecast period include a strategic emphasis on partnerships, a focus on metaverse technology, the implementation of learning management systems for effective education, and a heightened focus on artificial intelligence (AI) to enhance the teaching experience.
The colleges, universities, and professional schools market is set for growth driven by the increase in undergraduate student enrollment. Despite a decline during the COVID-19 pandemic, there is a rebound in student enrollment trends from 2020 onwards. Data from The National Centre for Education Statistics (NCES) in the U.S. projects an 8% increase in total undergraduate enrollment from 15.9 million to 17.1 million students between 2020 and 2030. Therefore, the surge in undergraduate student enrollment is expected to be a key factor propelling the growth of the colleges, universities, and professional schools market.
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What Are The Key Trends That Influence Colleges, Universities, And Professional Schools Market Share Analysis?
The introduction of technological programs is becoming a key focus in the colleges, universities, and professional schools market. These programs leverage technology to enhance learning in higher education, teaching students to use various hardware and software tools effectively. For example, in March 2023, InterviewBit Technologies Private Limited, an India-based e-learning platform and interview preparation site, launched Scaler School of Technology. This innovative 4-year residential undergraduate program in Computer Science is designed by industry experts to provide aspiring engineers with a comprehensive, work-integrated learning experience. The program features specializations in high-demand technologies such as data science, machine learning, algorithmic trading, and competitive programming, along with a 1-year paid industry internship and personalized mentorship from industry professionals.
Which Market Players Are Driving Growth In The Colleges, Universities, And Professional Schools Market?
Major companies operating in the colleges, universities, and professional schools market report are University of Pennsylvania, University of Michigan, Stanford University, Harvard University, Columbia University, Duke University, University of Chicago, John Hopkins University, Cornell University, Yale University, Peking University (PKU), Tsinghua University, Fudan University, Zhejiang University (ZJU), Shanghai Jiao Tong University (SJTU), Indian Institute of Technology Bombay, Indian Institute of Technology Kanpur, University of Delhi, University of Science and Technology of China (USTC), Nanjing University (NJU), Wuhan University (WHU), Tongji University, Beijing Normal University (BNU), The University of Oxford, University of Cambridge, Heidelberg University, University of Amsterdam, University of Manchester, Charles University, Jagiellonian University, University of Warsaw, Masaryk University, The University of California System, Oracle, SAP, Pontifical Catholic University of Peru, Universidad Peruana Cayetano Heredia, Universidad Nacional Mayor de San Marcos, University of Sao Paulo, UNICAMP – University of Campinas, Federal University of Minas Gerais, University of Buenos Aires, National University of La Plata, Imam Mohamed Bin Saud Islamic University (IMIU), Islamic University at Al-Medina Al-Monawwarah (IU), King Abdul Aziz University (KAU), King Faisal University (KFU), King Saud University, Umm AlQura University (UQU), United Arab Emirates University, Nnamdi Azikiwe University, Bayero University Kano, University Of Ilorin, University Of Jos., Babcock University, University Of Port Harcourt, American University Of Nigeria. Yola, Caleb University, UCT Graduate School of Business (GSB) University of Cape Town, Stellenbosch Business School, UNISA – University of South Africa – Graduate School of Business Leadership (SBL), University of Stellenbosch Business School (USB), Stellenbosch University
How Is The Global Colleges, Universities, And Professional Schools Market Segmented?
The colleges, universities, and professional schools market covered in this report 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
Sub segments: Cosmetology And Barber Schools, Flight Training, Apprenticeship Training, Other Technical And Trade Schools
Read The Full Colleges, Universities, And Professional Schools Market Report Here
The Colleges, Universities, And Professional Schools Global Market Report 2024 provides an overview of the colleges, universities, and professional schoolsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The colleges, universities, and professional schools market forecast analyzes colleges, universities, and professional schools market size, colleges, universities, and professional schools market share, leading competitor and their market positions.
The Table Of Content For The Colleges, Universities, And Professional Schools Market Include
1. Colleges, Universities, And Professional Schools Market Executive Summary
2. Colleges, Universities, And Professional Schools Market Segments
3. Colleges, Universities, And Professional Schools Market Size And Template Market Growth Rate
4. Key Colleges, Universities, And Professional Schools Market Trends
5. Major Colleges, Universities, And Professional Schools Market Drivers
……
25. Key Mergers And Acquisitions In The Colleges, Universities, And Professional Schools Market
26. Top Colleges, Universities, And Professional Schools Companies
27. Colleges, Universities, And Professional Schools Market Opportunities And Strategies
28. Colleges, Universities, And Professional Schools Market, Conclusions And Recommendations
29. Appendix
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