The U.S. Education Market was estimated at USD 1.4 trillion in 2021 and is anticipated to reach around USD 3.1 trillion by 2030, growing at a CAGR of roughly 4.2% between 2022 and 2030.
The U.S. Education Market research report offers an in-depth analysis of the U.S. market size, which is further segmented into the regional and country-level market size, and segmentation market growth. Also, it provides the market share, sales analysis, competitive landscape, the impact of domestic market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations.
U.S. Education Market: Overview
Post COVID-19 the education sector in the U.S. has undergone several transformations and has turned more receptive to student needs. Many facets of online programs have begun to provide full-fledged quality education in the U.S. right from junior level to high level.
During the crisis scenario, the majority of educational institutions witnessed a huge decline in academic enrollments therein affecting the revenue and cash flow. As a result, a majority of the institutions offered waivers, discounts and other forms of offers that would help them retain the enrollments. Going forward, as the U.S. market is reviving from the shock waves of the pandemic, digitalization in the education sector in the U.S. offers lucrative opportunities.
Browse the full “U.S. Education Market Size, Trends and Insights By Technology (Cloud, On-premise), By Content (Audio-based content, Text content, Video-based content), By Smart Learning (Simulation Based Learning, Social Learning, Blended Learning, Webinars, Others), By Component (Service, Hardware, Software), and By Region – Regional Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032″ report at https://www.custommarketinsights.com/report/u-s-education-market/
The U.S. Education Market is propelled by the increase in the prevalence of SMART technology, the rise in consumer income, and quality spending on education. The presence of world-class technology is one of the crucial factors in the growth of the U.S. market.
The market size is projected to gain upper traction in the coming years owing to the adoption of new technologies and the increase in the importance of education in the U.S. With the shift in the consumer mindset, the education sector in the U.S. is projected to witness massive expansions in the forthcoming years.
Besides, the adoption of novel technologies at the University level has enabled a wider reach for remote students. For instance, Universities in the U.S. are imparting education in online mode to foreign students. This has added to the manifold growth of the education sector in the U.S. On the other hand, growing expertise in teachers is adding more to the educational quality and reliability.
The U.S. Education Market is categorized into components, smart learning mode, and technology. By technology, the cloud market was estimated to be the largest segment in the U.S. Education Market and is expected to be the largest segment throughout 2022-2030.
The growing dependency on cloud technology is projected to grow in the coming years due to its increasing use, and the need for reliable technology to store and retrieve the contents. By component, the service segment is estimated to hold the largest market share throughout the forecast period. The rising smartphone and internet penetration are accelerating the growth of the market. In smart learning mode, the blended learning market is estimated to have a significant impact on market developments.
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North America is estimated to be the leading region in the U.S. Education market. The region comprises a number of popular vendors in the education sector.
The education industry has witnessed some recent innovations in terms of improving education quality and bringing value to the education system throughout the U.S. In addition, the market is also expected to relay a huge significance in aspects of market expansion, share, size and growth in the coming years. Some of the key U.S. Education Market players in the region include Cisco, Pearson Vue, and Adobe Systems Inc.
Some of the prominent players in the U.S. Education Market are
- Smart Technologies
- Wall Family Enterprise
- Adobe Systems
- Pearson Plc
- Tata Interactive Systems
- Saba Software
- Promethean Inc.,
- AWE Acquisitions
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