Overview and Scope
The colleges refer to postsecondary educational institutions that provide education beyond the 12th grade level in various programs for a graduate level degree. Universities refer to educational institutions that provide a broad range of academic disciplines under undergraduate and postgraduate programs for graduate level and advanced degrees. Professional schools refer to institutions that provide education in highly specialized professional disciplines and grant degrees at baccalaureate or graduate levels.
Sizing and Forecast
The colleges, universities, and professional schools market size has grown strongly in recent years. It will grow from $1280.99 billion in 2023 to $1361.12 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to increased government funding, increase in number of private colleges and universities, and government initiatives for digital learning.
The colleges, universities, and professional schools market size is expected to see strong growth in the next few years. It will grow to $1723.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to focus on expansion of overseas university campuses, increasing student enrollment, and increasing investments by online educational institutions.. Major trends in the forecast period include companies should focus on undergoing partnerships, focus on metaverse technology, implementing learning management system in teaching and learning for an effective education system, and focus on artificial intelligence (ai) to improve the teaching experience..
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Segmentation & Regional Insights
The colleges, universities, and professional schools market covered in this report is segmented –
1) By Type: Technical And Trade Schools, Junior Colleges, Higher Education Colleges And Universities, Business And Secretarial Schools, Computer Training, Professional And Management Development Training
2) By Type of Expenditure: Public, Private
3) By Mode: Online, Offline
Sub segments: Cosmetology And Barber Schools, Flight Training, Apprenticeship Training, Other Technical And Trade Schools
Western Europe was the largest region in the colleges, universities, and professional schools market in 2023. Asia-Pacific was the second-largest region in the colleges, universities, and professional schools market. The regions covered in the colleges, universities, and professional schools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increase in undergraduate student enrolment is expected to propel the growth of the colleges, universities, and professional school market. Students studying for their first degree at a college or university are referred to as undergraduates. During the COVID-19 pandemic there was a decrease in the enrolment of students in educational institutes, however, from 2020 onwards there is a rebound in this trend. For instance, according to data from The National Centre for Education Statistics (NCES) a US-based body responsible to review and report on education activities internationally in the U.S, the total undergraduate enrolment is projected to increase by 8%, from 15.9 million to 17.1 million students between 2020 and 2030. Therefore, the increase in undergraduate student enrolment is expected to drive the growth of the colleges, universities, and professional schools market going forward.
Key Industry Players
Major companies operating in the colleges, universities, and professional schools market report are University of Pennsylvania, University of Michigan, Stanford University, Harvard University, Columbia University, Duke University, University of Chicago, John Hopkins University, Cornell University, Yale University, Peking University (PKU), Tsinghua University, Fudan University, Zhejiang University (ZJU), Shanghai Jiao Tong University (SJTU), Indian Institute of Technology Bombay, Indian Institute of Technology Kanpur, University of Delhi, University of Science and Technology of China (USTC), Nanjing University (NJU), Wuhan University (WHU), Tongji University, Beijing Normal University (BNU), The University of Oxford, University of Cambridge, Heidelberg University, University of Amsterdam, University of Manchester, Charles University, Jagiellonian University, University of Warsaw, Masaryk University, The University of California System, Oracle, SAP, Pontifical Catholic University of Peru, Universidad Peruana Cayetano Heredia, Universidad Nacional Mayor de San Marcos, University of Sao Paulo, UNICAMP – University of Campinas, Federal University of Minas Gerais, University of Buenos Aires, National University of La Plata, Imam Mohamed Bin Saud Islamic University (IMIU), Islamic University at Al-Medina Al-Monawwarah (IU), King Abdul Aziz University (KAU), King Faisal University (KFU), King Saud University, Umm AlQura University (UQU), United Arab Emirates University, Nnamdi Azikiwe University, Bayero University Kano, University Of Ilorin, University Of Jos., Babcock University, University Of Port Harcourt, American University Of Nigeria. Yola, Caleb University, UCT Graduate School of Business (GSB) University of Cape Town, Stellenbosch Business School, UNISA – University of South Africa – Graduate School of Business Leadership (SBL), University of Stellenbosch Business School (USB), Stellenbosch University
The colleges, universities, and professional schools market report table of contents includes:
1. Executive Summary
2. Colleges, Universities, And Professional Schools Market Characteristics
3. Colleges, Universities, And Professional Schools Market Trends And Strategies
4. Colleges, Universities, And Professional Schools Market – Macro Economic Scenario
5. Global Colleges, Universities, And Professional Schools Market Size and Growth
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31. Global Colleges, Universities, And Professional Schools Market Competitive Benchmarking
32. Globa Colleges, Universities, And Professional Schools Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fat Replacers Market
34. Colleges, Universities, And Professional Schools Market Future Outlook and Potential Analysis
35. Appendix
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