Colleges, Universities, and Professional Schools Global Market Report 2024

The colleges, universities, and professional schools market size has grown strongly in recent years. It will grow from $1280.99 billion in 2023 to $1361.12 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth observed in the historical period can be attributed to heightened government funding, an increase in the number of private colleges and universities, and government initiatives promoting digital learning.

The colleges, universities, and professional schools market size is expected to see strong growth in the next few years. It will grow to $1723.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The forecasted growth factors include the expansion of overseas university campuses, increased student enrollment, and rising investments by online educational institutions. Major trends comprise partnerships, metaverse technology adoption, implementation of learning management systems, and the integration of artificial intelligence.

The surge in undergraduate student enrolment is poised to be a driving force behind the growth of the colleges, universities, and professional school market. Throughout the COVID-19 pandemic, educational institutions experienced a decline in student enrolment, but there has been a notable resurgence in this trend since 2020. Citing data from The National Center for Education Statistics (NCES), undergraduate enrolment in the United States is estimated to escalate by 8%, surging from 15.9 million to 17.1 million students between 2020 and 2030. Consequently, this surge in undergraduate student numbers is anticipated to fuel the expansion of colleges, universities, and professional schools in the foreseeable future.

Renowned universities primarily based in the United States and Europe are strategically establishing branch campuses or forging partnerships with local institutions in emerging markets, particularly in Asia and the Middle East. This initiative is propelled by the substantial demand for courses offered by these institutions, driven by their reputation for delivering high-quality education. As per the Cross-Border Education Research Team (C-Bert), an organization specializing in multinational educational information, there are approximately 247 international branch campuses operating worldwide. A case in point is the University of Nottingham, which has successfully established two branch campuses - one in Malaysia, accommodating over 4,500 students, and another in China, serving more than 7,000 students.

In August 2021, Platinum Equity, a private equity company based in the United States, successfully acquired McGraw Hill for a substantial sum of $4.5 billion. This strategic acquisition is a significant addition to Platinum Equity's diverse portfolio, expanding its reach into the education sector. McGraw Hill, a well-established US-based education company, is renowned for offering outcome-focused learning solutions to educational institutions, including middle schools. The acquisition positions Platinum Equity to further contribute to the field of education by incorporating McGraw Hill's extensive education and schooling portfolio into its existing business ventures.

Major companies operating in the colleges, universities, and professional schools market report are University of Pennsylvania, University of Michigan, Stanford University, Harvard University, Columbia University, Duke University, University of Chicago, John Hopkins University, Cornell University, Yale University, Peking University (PKU), Tsinghua University, Fudan University, Zhejiang University (ZJU), Shanghai Jiao Tong University (SJTU), Indian Institute of Technology Bombay, Indian Institute of Technology Kanpur, University of Delhi, University of Science and Technology of China (USTC), Nanjing University (NJU), Wuhan University (WHU), Tongji University, Beijing Normal University (BNU), The University of Oxford, University of Cambridge, Heidelberg University, University of Amsterdam, University of Manchester, Charles University, Jagiellonian University, University of Warsaw, Masaryk University, The University of California System, Oracle, SAP, Pontifical Catholic University of Peru, Universidad Peruana Cayetano Heredia, Universidad Nacional Mayor de San Marcos, University of Sao Paulo, UNICAMP - University of Campinas, Federal University of Minas Gerais, University of Buenos Aires, National University of La Plata, Imam Mohamed Bin Saud Islamic University (IMIU), Islamic University at Al-Medina Al-Monawwarah (IU), King Abdul Aziz University (KAU), King Faisal University (KFU), King Saud University, Umm AlQura University (UQU), United Arab Emirates University, Nnamdi Azikiwe University, Bayero University Kano, University Of Ilorin, University Of Jos., Babcock University, University Of Port Harcourt, American University Of Nigeria. Yola, Caleb University, UCT Graduate School of Business (GSB) University of Cape Town, Stellenbosch Business School, UNISA - University of South Africa - Graduate School of Business Leadership (SBL), University of Stellenbosch Business School (USB), Stellenbosch University.

Western Europe was the largest region in the colleges, universities, and professional schools market in 2023. Asia-Pacific was the second-largest region in the colleges, universities, and professional schools market. The regions covered in the colleges, universities, and professional schools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the colleges, universities, and professional schools market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The colleges, universities, and professional schools market consists of revenues earned by entities that provide educational courses to students by preparing them for careers in specific fields. Colleges, universities, and professional schools entities includes establishments such as colleges, theological seminaries offering baccalaureate or graduate degrees, military academies at college level, universities and professional schools. These establishments may be privately owned and operated for profit or not for profit, or they may be publicly owned and operated. 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 primary types of these institutions include technical and trade schools, junior colleges, higher education colleges, universities, business and secretarial schools, computer training centers, and professional and management development training. Business and secretarial schools focus on teaching office procedures, secretarial and stenographic skills, along with computer proficiency in areas such as word processing, spreadsheets, and desktop publishing. These institutions offer various expenditure types, both public and private, through online and offline modes.

The colleges, universities, and professional schools market research report is one of a series of new reports that provides colleges, universities, and professional schools market statistics, including colleges, universities, and professional schools industry global market size, regional shares, competitors with colleges, universities, and professional schools market share, detailed colleges, universities, and professional schools market segments, market trends and opportunities, and any further data you may need to thrive in the colleges, universities, and professional schools industry. This college, university, and professional 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 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.