United States Education Market Outlook
According to a new report by Expert Market Research titled, “United States Education Market Size, Share, Analysis, Report and Forecast 2024-2032, the United States education market reached a value of approximately USD 1.2 trillion in 2023. Aided by the technological advancements and the growing focus on personalised and lifelong learning, the market is projected to further grow at a CAGR of 4.30% between 2024 and 2032 to reach a value of around USD 1.54 trillion by 2032.
Education is an essential aspect of societal growth and development, and the United States holds a robust education system. There has been a rising emphasis on personalised learning, which tailors education to each student’s individual needs, thereby improving learning outcomes. Besides, the trend of lifelong learning, which promotes continuous skill development beyond traditional schooling, has been gaining traction.
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One of the significant drivers of the United States education market growth is the growing use of technology in teaching and learning. Digital platforms have transformed traditional classrooms into dynamic learning environments, enhancing student engagement and understanding. Online learning platforms, interactive multimedia content, and digital assessment tools are now commonplace in American schools and universities, leading to improved education quality and accessibility.
Another significant trend in American education that is becoming more important as a result of changing workforce requirements is skill-based education, aiding the United States education market development. Candidates with practical skills and real-world experience are more highly valued by employers. As a result, educational institutions are including more career- and vocational-oriented programming.
Additionally, the United States education market demand is being propelled by the increasing demand for career-focused education. The education sector is aligning its curriculum with industry needs, equipping students with the necessary skills for the job market. This trend is particularly evident in higher education, with universities offering more vocational courses and opportunities for internships and industry placements.
The United States education market is also benefiting from substantial investments in educational infrastructure and resources. Federal and state governments are allocating significant budgets towards school construction and renovation, teacher training, and procurement of teaching aids. These initiatives are aimed at enhancing the learning environment and supporting students’ academic achievement.
Moreover, the emergence of alternative learning models is also fostering the United States education market expansion. Homeschooling, Montessori, and Waldorf education are becoming increasingly popular as parents seek holistic and student-centric learning approaches. These alternative models, combined with mainstream education, are broadening the scope of the education market in the United States.
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United States Education Market Segmentation
The market can be divided based on component, deployment mode, content, sector, end use, and region.
Market Breakup by Component
- Hardware
- Software
- Service
Market Breakup by Deployment Mode
- Cloud
- On-Premises
Market Breakup by Content
- Text Based Content
- Audio Based Content
- Video Based Content
Market Breakup by Sector
- Preschool
- K-12
- Higher Education
Market Breakup by End Use
- Business
- Consumer
Market Breakup by Region
- New England
- Mideast
- Great Lakes
- Plains
- Southeast
- Southwest
- Rocky Mountains
- Far West
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the United States education companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Adobe Inc.
- Cisco Systems Inc.
- Educomp Solutions Ltd
- NIIT Limited
- Blackboard Inc.
- AWE Learning
- Sumtotal Systems, LLC
- McGraw Hill
- Promethean Limited.
- Omnitracs, LLC
- Ellucian Company L.P
- Others
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