The US education market was worth $1.4 trillion in 2021 and will grow to nearly $3.1 trillion by 2030, growing at a CAGR of 4.2% between 2022 and 2030.
SANDY, Utah, United States, Aug. 26, 2022 /EINPresswire.com/ — The global US education market will account for nearly US$1.4 trillion in 2021, growing at a CAGR of 4.2% in 2022, according to research is expected to. This is projected to be close to US$3.1 trillion by 2030.
The Global U.S. Education Market report provides comprehensive coverage of market past and current estimates, future forecasts, market trends, competition, market dynamics, and recent developments in renewable energy market forecasts from 2022 to 2030. information.
US Education Market: An Overview
After COVID-19, the U.S. education sector underwent several changes to become more responsive to student needs. Many aspects of online programs are beginning to offer authentic quality education in the United States from junior to senior level.
During the crisis scenario, the majority of educational institutions witnessed a significant decline in academic enrollments impacting revenue and cash flow. As a result, the majority of institutions offered waivers, discounts, and other forms of offers to help maintain enrollment. Going forward, the digitization of the U.S. education sector presents lucrative opportunities as the U.S. market recovers from the shockwaves of the pandemic.
US Education Market: Growth Drivers
The US education market is one of the mature sectors relevant to the global scenario. The school has remained closed for a long time since the WHO declared his COVID-19 a global pandemic. On the contrary, in 2021, we have identified potential circumstances that will encourage schools, colleges and academic institutions to look for sustainable alternatives. Additionally, academic institutions have to deal with behind-the-scenes financial challenges. From a commercial perspective, the US education market has great potential in terms of educational infrastructure, domain expertise, technological trends, scholarship and reimbursement scenarios, and levels of educational quality.
The presence of international universities with excellent infrastructure is one of the key highlights of market growth.
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Key Insights:
A) According to analysis shared by our research analysts, the US education market is estimated to grow at a CAGR of around 4.2% annually over the forecast period (2022-2030).
B) In terms of revenue, the US education market size was valued at around US$1.4 trillion in 2021 and is expected to reach around US$3.1 trillion by 2030, at a CAGR of around 4.2% between 2022 and 2030. grow in As a driving factor, the market is projected to rise at a significant rate.
C) Based on type segmentation, the cloud segment was projected to exhibit the largest market share in 2021.
D) Based on content segmentation, the video-based content segment was the leading revenue-generating category in 2021.
E) Based on geography/region, the North America region was the leading source of revenue in 2021.
US Education Market Press Release: https://www.custommarketinsights.com/press-releases/us-education-market-share/
local landscape
North America is estimated to be the leading region for the US education market. The region has a number of popular vendors in the education sector.
The education industry has witnessed several recent innovations in improving the quality of education and bringing value to the education system across the United States. In addition, the market is also expected to convey significant importance in terms of market expansion, share, size, and growth. years to come. Key US education market players in the region include Cisco, Pearson Vue, and Adobe Systems Inc.
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main player
smart technology
wall family enterprise
adobe systems
Pearson Plc
Tata Interactive Systems
mackerel software
Promethean Co., Ltd.,
Acquisition of AWE
Cisco
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The US education market is segmented as follows:
By technology
Cloud
on the premises
By content
audio-based content
text content
video-based content
by smart learning
Simulation-based learning
social learning
mixed learning
webinar
others
By component
service
hardware
software
by geography
North America
usa
Canada
Mexico
Europe
England
Germany
France
Italy
Russia
rest of europe
Asia Pacific
China
India
Japan
Korea
Malaysia
Philippines
Rest of Asia Pacific
latin america
Brazil
Rest of Latin America
Middle East and Africa
GCC
north africa
South Africa
Middle East and rest of Africa
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