Secondary School Global Market Report 2024

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 expansion observed during the historical period can be attributed to population growth and demographics, economic development, government education policies, parental aspirations for education, as well as 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 anticipated growth in the forecast period can be linked to personalized learning approaches, an emphasis on STEM education, global citizenship education, workforce skill development, and inclusive education practices. Key trends expected in the forecast period involve public-private partnerships (PPPs), technology-enhanced learning, technological integration, digital learning integration, and project-based learning.

The secondary school market is experiencing growth owing to the increasing demand for educational services. Educational services encompass training and instruction provided by public or private establishments, including primary and secondary schools. In Australia, student enrollment in schools rose by 0.3% in 2022, with 4,042,512 students. The upward trend in student enrollment is contributing to the demand for educational services, thereby driving the growth of the secondary school market.

Increased spending on education is anticipated to drive the growth of the secondary school market. Education, involving a systematic process of learning in formal institutions, benefits from investments that enhance academic quality, infrastructure, and creative programs. In March 2022, the United States government allocated $76.4 billion to the Department of Education, marking a significant increase. The rise in education spending contributes to the growth of the secondary school market.

Technological advancements are a key trend in the secondary school market, with companies adopting new technologies to enhance their positions. For instance, Edkasa, a Pakistan-based ed-tech platform, launched a mobile application aiming to transform on-demand education for millions of secondary school students. The app includes a preliminary assessment to determine students' needs and provides tailored study routes based on those needs.

The major companies in the secondary school market are focusing on advanced solutions, such as advanced teaching platforms, to better cater to their existing consumers. An advanced teaching platform, exemplified by Extramarks Education's launch of The Teaching App in March 2022, provides tools and resources to enhance the learning and teaching experience. This innovative platform serves school instructors, private teachers, home tutors, and coaching staff, offering benefits such as immersive live classroom teaching experiences, streamlined curriculum organization, exam customization, and dynamic notification personalization.

In May 2022, Inspired Schools, a UK-based co-educational international private school, acquired Eleva Global Schools, a Brazil-based educational institution offering secondary education, for an undisclosed amount. This acquisition expands Inspired Schools' market reach in Brazil, aligning with its dedication to excellence and innovation in education.

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.

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. The countries covered in the secondary school market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary type of expenditures for secondary school are public and private. Public secondary schools offer free education in a state, province, or nation, with various ownerships such as government, local body, and others, having fee structures for low-income, medium-income, and high-income categories.

The secondary school market research report is one of a series of new reports that provides secondary school market statistics, including secondary school industry global market size, regional shares, competitors with a secondary school market share, detailed secondary school market segments, market trends and opportunities, and any further data you may need to thrive in the secondary school industry. This secondary school market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The secondary school market includes revenues from school establishments by offering secondary school education to students. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.