Education
- The global education industry is poised for significant growth, driven by factors like increasing global population, rising disposable incomes, and growing awareness of the importance of education
- Expenditure on education and training from governments, parents, individuals and corporates continues to grow to historic levels and is expected to reach USD$10T by 2030.
Overview
- Market size:
- Estimates suggest the global education industry was valued around $6.4 trillion USD in 2023.
- Worldwide education market is expected to grow at a CAGR of 10.49% from 2022-2027.
- Challenges:
- Skilled workforce shortage
- Affordability
- Adapting to change
- Measuring learning outcomes