The Global Educational Services Market Is Forecast To Grow At A High CAGR To 2020

The Business Research Company’s global educational services market analysis covers the year-on-year growth of the global educational services market historic and forecast growth. It also includes chapters on the educational services market trends, geographical analysis, and competitive landscape.

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The global educational services market is forecast to grow at a CAGR (compound annual growth rate) of around 6.6% to 2020.

Educational Services Market Segmentation

According to TBRC’s global educational services market research, the market is split by segments into elementary and secondary schools, colleges, universities, and professional schools, and other education services.

Elementary and secondary schools was the largest segment in the global educational services market accounting for more than half the market share. This can be attributed to the presence of a large number of educational services companies. This segment includes establishments involved in providing academic courses and associated course work to basic preparatory education i.e. kindergarten through 12th grade. It includes school boards and school districts.

Colleges, universities, and professional schools was the second largest segment in the global educational services market. This segment includes establishments providing academic courses and granting degrees at baccalaureate or graduate levels. It includes colleges, theological seminaries offering baccalaureate or graduate degrees, military academies at college level, universities and professional schools (e.g., business administration, dental, law, medical). They are aged between 18 to 24 years and the proportion of young people going for higher education varies by country and in not 100%.

Other education services was the smallest segment in the global educational services market. This segment includes establishments providing academic or domain specific training. This industry includes junior colleges, business and secretarial schools, computer training, professional and management development training, cosmetology and barber schools, flight training, apprenticeship training, other technical and trade schools, fine arts schools, sports and recreation instruction, language schools, exam preparation and tutoring, automobile driving schools, all other miscellaneous schools and instruction and educational support services.

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Elementary and secondary schools was the largest segment in the educational services market accounting for $1422.3 billion or 72% of the market. This was due to presence of a large number of elementary and secondary schools in both developed and developing countries. In most countries all children are educated to this stage and they are aged between 4 to 18 years. This segment includes establishments providing academic courses and associated course work to basic preparatory education i.e. kindergarten through 12th grade. It includes school boards and school districts. 

The global educational services market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

The global educational services market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the report are University of California System, University of Michigan, Texas A&M University, Columbia University, Harvard University, University of Pennsylvania, Stanford University, Northwestern University, Massachusetts Institute of Technology, and Yale University.

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