The Global Education Market was worth approximately 1.1 trillion USD in 2020 and is predicted to be worth approximately 2.3 trillion USD by 2028, with a CAGR of nearly 4.5% between 2021 and 2028. The study evaluates and analyses the global and regional education marketplaces in the United States. The research examines market competition, restraints, revenue predictions, opportunities, shifting trends, and industry-validated data in depth. The study contains historical data from 2018 to 2020, as well as revenue forecasts from 2021 to 2028. (Trillions of US dollars).
U.S. Education Market: Outlook
Education is a learning process that seeks to significantly increase a person’s ability. Elementary school education is free in the United States, with each state establishing comprehensive education criteria. Private schools, on the other hand, can create their own policies and guidelines. Furthermore, the regional, state, and federal governments all invest in education.
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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 expansion of the US education market throughout the forecast period is due to an increase in the number of youngsters in countries such as the US who require basic education. Furthermore, as a result of the COVID-19 pandemic, the increased acceptance of online education over traditional means is likely to contribute significantly to 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 would boost the growth of the U.S. education industry over the forecast period.
Competitive Landscape
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 Type
Cloud
On-Premise
By Content
Audio-Based Content
Video-Based Content
Text Content
By Smart Learning Mode
Collaborative Learning
Virtual Instructor-Led Training
Simulation-Based Learning
Adaptive Learning
Social Learning
Blended Learning
Webinars
By Component
Hardware
Software
Service
By End User
Higher Education Institutes
K-12
Pre-K
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