The educational tourism global market report 2024
from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Educational Tourism Market, 2024The educational tourism global market report 2024
Market Size – The educational tourism market size has grown rapidly in recent years. It will grow from $341.46 billion in 2023 to $382.90 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to a rise in globalization, increase in demand for cultural exchange, growth of international partnerships between educational institutions, rise in disposable incomes, emphasis on experiential learning, and expansion of study abroad programs.
The educational tourism market size is expected to see rapid growth in the next few years. It will grow to $607.45 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to increasing demand for global learning experiences, the rising popularity of study abroad programs, growing government, and institutional support, expanding middle-class populations, heightened emphasis on cultural exchange, and the proliferation of online educational platforms. Major trends in the forecast period include advancements in digital learning platforms, adoption of virtual and hybrid learning experiences, sustainability and eco-friendly travel practices, integration of augmented and virtual reality, and innovation in customized educational travel experiences.
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Scope Of Educational Tourism MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Educational Tourism Market Overview
Market Drivers -The increasing demand for international education is expected to boost the educational tourism market. Globalization, improved career opportunities, and cultural exchange have made international education more attractive, encouraging students and educators to travel abroad for academic programs and research. In November 2023, the Institute of International Education (IIE) reported a 12% rise in international student enrollment, with over 1 million students registered in higher education institutions during the 2022–2023 academic year.
Market Trends – Major companies operating in the educational tourism market are developing virtual classroom platforms to provide students and educators with access to international educational experiences without the need for physical travel. Virtual classroom platforms facilitate live interactions, collaborative projects, and access to diverse educational content, making it easier to engage with different cultures and educational systems without the need for physical travel. For instance, in June 2022, Avantis Education, a UK-based e-learning company, launched Eduverse, a virtual classroom platform designed for students to revolutionize remote learning experiences. Eduverse integrates advanced AI-driven personalized learning paths, real-time collaboration tools, and immersive 3D environments to enhance student engagement and educational outcomes. This platform enables educators to conduct interactive classes, virtual field trips, and hands-on experiments remotely, providing students with a flexible platform to interact with each other as avatars, all in a secure and controlled environment, inside and outside of the classroom.
The educational tourism market covered in this report is segmented –
1) By Education Type: Primary, Secondary, College, Post Graduate
2) By Age Group: Less Than 12 Years, 13-18 Years, 19-25 Years, 26-40 Years, 41-55 Years
3) By Occupation Type: Students, Scholar, Teachers, Government Officials, Corporation Managers, Enterprise Owners, Workers, Other Occupations
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Regional Insights – North America was the largest region in the educational tourism market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the educational tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies in the market are EF Education First, CIEE Council on International Educational Exchange, Brightspark Travel Inc., Contiki (US) Holdings Inc., Key Travel Limited, American Institute For Foreign Study, Road Scholar, ACIS Educational Tours, Ellison Travel &Tours Ltd., GVI Company, Academic Programs International, Cultural Vistas, WEP International, Capital Tours Inc., Stratix Consultants, Straight A Tours, Global Volunteers, Go Eco, Futures Abroad, GoIreland, IQ Education Consultants, M.K.H Consultancy Services, Meridean Overseas, Qadri International Education Consultancy, AAI Edutourz Pvt Ltd.
Table of Contents
- Executive Summary
- Educational Tourism Market Report Structure
- Educational Tourism Market Trends And Strategies
- Educational Tourism Market – Macro Economic Scenario
- Educational Tourism Market Size And Growth
…..
- Educational Tourism Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. AppendixContact Us:
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