Higher Education Global Market Report 2024

Description

Higher education, also known as post-secondary or tertiary education, refers to the formal learning stage that follows secondary education. It encompasses a diverse range of disciplines and fields of study, equipping students with specialized knowledge and skills for careers in various industries or for further academic research.

The main components of higher education consist of platforms and services. These educational institutions provide services to students at different academic levels, including junior high school, high school, undergraduate, postgraduate, and corporate education. The sources of revenue for higher education institutions include tuition fees, grants, contracts, gifts, and investment returns. These funds are derived from a variety of courses and disciplines such as arts, economics, engineering, law, and science, offered by state universities, community colleges, and private colleges.

The higher education market research report is one of a series of new reports from The Business Research Company that provides higher education market statistics, including higher education industry global market size, regional shares, competitors with a higher education market share, detailed higher education market segments, market trends and opportunities, and any further data you may need to thrive in the higher education industry. This higher education market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The higher education market size has grown strongly in recent years. It will grow from $640.23 billion in 2023 to $688.13 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth observed in the historical period can be attributed to factors such as the increasing number of enrollments in higher education, improved access to knowledge, emphasis on innovation and research, promotion of social mobility, and contributions to community development.

The higher education market size is expected to see strong growth in the next few years. It will grow to $1,004.85 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The anticipated growth in the forecast period can be attributed to several factors, including the rise in international student mobility, increased economic mobility, globalization, the emphasis on critical thinking skills, and the continued growth in international student enrollments. Key trends expected during this period encompass technological advancements, a surge in student enrollment, rapid progress in online learning and hybrid models, the globalization of education, and an increased emphasis on lifelong learning.

The expansion of international student mobility is anticipated to drive growth in the higher education market. International student mobility involves individuals crossing borders for educational purposes, contributing to the diversity and global reach of higher education institutions. As of November 2023, data from the Institute of International Education Inc. indicates a significant increase in international student enrollment in American higher education institutions, with over 1,057,188 students from 210 countries during the 2022/23 academic year, marking a 12% rise from the previous year. This trend underscores the pivotal role of international student mobility in shaping the higher education landscape.

Leading companies in the higher education sector are leveraging innovative technologies, including AI tools, to enhance teaching and learning experiences. AI tools harness artificial intelligence capabilities to perform tasks traditionally requiring human intelligence, such as problem-solving and decision-making. For instance, in August 2023, OpenAI introduced an advanced version of ChatGPT, a powerful tool poised to revolutionize the learning environment in universities. ChatGPT holds promise for personalized learning experiences, research assistance, automated grading, and enhanced student services. Its integration into higher education represents a shift towards more adaptable and interactive learning environments, placing greater emphasis on student-centered approaches. While the adoption of ChatGPT in higher education continues to evolve, ongoing evaluation and discussions focus on ensuring its ethical and effective implementation across campuses.

In March 2022, Cengage Group, a leading US-based technology education firm, successfully acquired Infosec for an undisclosed sum. This strategic acquisition strengthens Cengage Group's presence in higher education by venturing into the cybersecurity professional training market, thereby offering top-tier online learning solutions for cybersecurity professionals and other stakeholders, whether employers or direct consumers. Infosec, a reputable US-based cybersecurity education company, perfectly complements Cengage Group's mission to provide quality education in the rapidly evolving field of technology.

Major companies operating in the higher education market report are Verizon Communications Inc., Dell Technologies Inc., Panasonic Corporation, The International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Adobe Inc., VMware Inc., ServiceNow Inc., Xerox Holdings Corporation, Pearson plc, Educomp Solutions Limited, New Oriental Education & Technology Group Inc., Bright Horizons, Blackbaud Inc., Ellucian Company L.P., Coursera Inc., Instructure Inc., Desire2Learn Inc., Smart Technologies Inc., Anthology Inc., Leverage Edu, SAP SE, Unit4 Education Solutions

North America was the largest region in the higher education market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the higher education market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the higher education market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The higher education market includes revenues earned by entities by providing services such as academic programs, student support services, research opportunities, library and information resources, and extracurricular activities. The market value includes the value of related goods sold by the service provider or included within the service offering. The higher education market also includes sales of projectors, laptops, tablets, science labs, and research equipment. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Higher Education Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on higher education market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for higher education? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The higher education market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Component: Platform; Services
2) By Student Served: Junior High School; Post Graduate; Corporate; Under Graduate; High School
3) By Revenue Source: Tuition Fees; Grants, Contracts, And Gifts; Investment Returns
4) By Course Type: Arts; Economics; Engineering; Law; Science
5) By End User: State Universities; Community Colleges; Private Colleges
Companies Mentioned: Verizon Communications Inc.; Dell Technologies Inc.; Panasonic Corporation; The International Business Machines Corporation; Cisco Systems Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r16651

1. Executive Summary

2. Higher Education Market Characteristics

3. Higher Education Market Trends And Strategies

4. Higher Education Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Higher Education Market Size and Growth

5.1. Global Higher Education Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Higher Education Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Higher Education Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Higher Education Market Segmentation

6.1. Global Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Platform
Services
6.2. Global Higher Education Market, Segmentation By Student Served, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Junior High School
Post Graduate
Corporate
Under Graduate
High School
6.3. Global Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Tuition Fees
Grants, Contracts, And Gifts
Investment Returns
6.4. Global Higher Education Market, Segmentation By Course Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Arts
Economics
Engineering
Law
Science
6.5. Global Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
State Universities
Community Colleges
Private Colleges

7. Higher Education Market Regional And Country Analysis

7.1. Global Higher Education Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Higher Education Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Higher Education Market

8.1. Asia-Pacific Higher Education Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Higher Education Market

9.1. China Higher Education Market Overview
9.2. China Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Higher Education Market

10.1. India Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Higher Education Market

11.1. Japan Higher Education Market Overview
11.2. Japan Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Higher Education Market

12.1. Australia Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Higher Education Market

13.1. Indonesia Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Higher Education Market

14.1. South Korea Higher Education Market Overview
14.2. South Korea Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Higher Education Market

15.1. Western Europe Higher Education Market Overview
15.2. Western Europe Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Higher Education Market

16.1. UK Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Higher Education Market

17.1. Germany Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Higher Education Market

18.1. France Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Higher Education Market

19.1. Italy Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Higher Education Market

20.1. Spain Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Higher Education Market

21.1. Eastern Europe Higher Education Market Overview
21.2. Eastern Europe Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Higher Education Market

22.1. Russia Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Higher Education Market

23.1. North America Higher Education Market Overview
23.2. North America Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Higher Education Market

24.1. USA Higher Education Market Overview
24.2. USA Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Higher Education Market

25.1. Canada Higher Education Market Overview
25.2. Canada Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Higher Education Market

26.1. South America Higher Education Market Overview
26.2. South America Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Higher Education Market

27.1. Brazil Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Higher Education Market

28.1. Middle East Higher Education Market Overview
28.2. Middle East Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Higher Education Market

29.1. Africa Higher Education Market Overview
29.2. Africa Higher Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Higher Education Market, Segmentation By Revenue Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Higher Education Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Higher Education Market Competitive Landscape And Company Profiles

30.1. Higher Education Market Competitive Landscape
30.2. Higher Education Market Company Profiles
- 30.2.1. Verizon Communications Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Dell Technologies Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Panasonic Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. The International Business Machines Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Cisco Systems Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Higher Education Market Other Major And Innovative Companies

31.1. Oracle Corporation
31.2. Adobe Inc.
31.3. VMware Inc.
31.4. ServiceNow Inc.
31.5. Xerox Holdings Corporation
31.6. Pearson plc
31.7. Educomp Solutions Limited
31.8. New Oriental Education & Technology Group Inc.
31.9. Bright Horizons
31.10. Blackbaud Inc.
31.11. Ellucian Company L.P.
31.12. Coursera Inc.
31.13. Instructure Inc.
31.14. Desire2Learn Inc.
31.15. Smart Technologies Inc.

32. Global Higher Education Market Competitive Benchmarking

33. Global Higher Education Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Higher Education Market

35. Higher Education Market Future Outlook and Potential Analysis

35.1 Higher Education Market In 2028 - Countries Offering Most New Opportunities
35.2 Higher Education Market In 2028 - Segments Offering Most New Opportunities
35.3 Higher Education Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer