The global educational services market size is expected to grow from $2.88 trillion in 2021 to $3.19 trillion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The educational services market is expected to reach $4.62 trillion in 2026 at a CAGR of 9.7%.
What is the Global Educational Services Market?
The educational services market consists of the revenues earned from educational services and related goods by entities (organizations, sole traders and partnerships) that provide instruction and training in a wide variety of subjects. The instruction and training is provided by specialized establishments, such as schools, colleges, universities, and training centers.
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What drives the Global Educational Services Market?
The flipped classroom model of teaching is enhancing students' learning experience by creating an interactive atmosphere in classrooms. In flipped classrooms, students view lecture materials or video lectures as homework prior to coming to class. In-class time consists of interactive discussions and collaborative works, which are performed under the guidance of a teacher. Flipped classrooms give students the flexibility to consume the lecture material at their own pace and come prepared to ask specific questions in class. For instance, according to the Flipped Learning Network, 71% of teachers who flipped their classes noticed improved grades, and 80% reported improved student behavior as a result, thus indicating effectiveness of the flipped classroom teaching model. Some of the educational service providers using flipped classrooms to teach students include University of California, Clemson University, Boston University, Harvard University, University of Michigan and Texila American University.
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Global Educational Services Market Segments
The global educational services market is segmented:
By Type: Colleges, Universities, and Professional Schools, Elementary and Secondary Schools, Other Educational Services
By Type of Expenditure: Public, Private
By Mode: Online, Offline
By Geography: The regions covered in the educational services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Educational Services Global Market Report 2022provides market size and growth forecasts for the global educational services market, global educational services market share, educational services market segments and geographies, educational services market competitive landscape including leading competitors’ revenues, profiles and market shares. The educational services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Educational Services Industry Playersinclude University of California System, University of Pennsylvania, University of Michigan, Stanford University, Harvard University, Columbia University, Cornell University, Yale University, Massachusetts Institute of Technology, The Texas A&M University System, and Mulpha International Bhd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
