Overview and Scope
A secondary school refers to a high school or a school intermediate between a primary school and a college or university and usually offers general, technical, and vocational courses. It enables students to develop independent learning abilities, establish and meet goals, and participate in society more broadly.
Sizing and Forecast
The secondary school market size has grown strongly in recent years. It will grow from $437.06 billion in 2023 to $476.12 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to population growth and demographics, economic development, government education policies, parental aspirations for education, globalization and competition.
The secondary school market size is expected to see strong growth in the next few years. It will grow to $662.04 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to personalized learning approaches, STEM education emphasis, global citizenship education, workforce skill development, inclusive education practices. Major trends in the forecast period include public-private partnerships (PPPs), technology-enhanced learning, technological integration, digital learning integration, project-based learning.
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Segmentation & Regional Insights
The secondary school market covered in this report is segmented –
1) By Type Of Expenditure: Public, Private
2) By Ownership: Government, Local Body, Others
3) By Fee Structure: Low-Income, Medium-Income, High-Income
Asia-Pacific was the largest region in the elementary and secondary school market in 2023. The regions covered in the secondary school 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 increasing demand for educational services is expected to propel the growth of the secondary school market going forward. Educational services refer to services provided by certain public or private establishments to train or provide instruction-based learning on any subject to students or other individuals. These educational services are provided by certain public or private establishments such as primary schools, elementary schools, secondary schools, and colleges. Therefore, the increasing demand for educational services is driving the growth of the secondary school market. For instance, in February 2023, according to the Australian Bureau of Statistics, an Australia-based autonomous constitutional agency responsible for collecting and analyzing data and presenting suggestions based on evidence to the national, state, and regional governments, in Australia, 4,042,512 students were pursuing education in schools in 2022, which represents a rise of 11,795 students (0.3%) from 2021. The increasing student enrollment will impact the demand for educational services, thus driving the secondary school market.
Key Industry Players
Major companies operating in the secondary school market report are University of Pennsylvania, Stanford University, University of Michigan, KinderCare Learning Centers LLC, Harvard University, University of California, Yale University, TAL Education Group, New Oriental Education & Technology Group Inc., The Texas A&M University System, Bright Horizons Family Solutions Limited, Learning Care Group Inc., Adtalem Global Education Inc., Adtalem Global Education Inc., Goodstart Early Learning Ltd., Grand Canyon Education Inc., Primrose Schools Franchising SPE LLC, Perdoceo Education Corporation, Cornell University, GSX Techedu Inc., Mulpha International Bhd, Hailiang Education Group, Walla Walla Public Schools, Little Green Rascals Organic Nurseries Ltd., Tallahassee Classical School LLC, Nobel Learning Communities Inc., Copthall School, Massachusetts Institute of Technology, Columbia University
The secondary school market report table of contents includes:
1. Executive Summary
2. Secondary School Market Characteristics
3. Secondary School Market Trends And Strategies
4. Secondary School Market – Macro Economic Scenario
5. Global Secondary School Market Size and Growth
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31. Secondary School Market Other Major And Innovative Companies
32. Global Secondary School Market Competitive Benchmarking
33. Global Secondary School Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Secondary School Market
35. Secondary School Market Future Outlook and Potential Analysis
36.Appendix
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