Global Educational Services Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
28 Jun, 2021
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.
Global Educational Services Market Size And Drivers:
The global educational services market is expected to grow from $3252.09 billion in 2020 to $3399.15 billion in 2021 at a compound annual growth rate (CAGR) of 4.5%. The growth 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 market is expected to reach $4681.73 billion in 2025 at a CAGR of 8%. Increasing demand is the main driver of the market.
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Trends In The Global Educational Services Market
Educational services are using gamification techniques to enhance the students learning experience. Gamification is the concept of applying game-design thinking to different classroom tasks to make them more fun and engaging. Gamification is creating a holistic learning atmosphere in educational services that boosts engagement, motivation and essential skills of students. For instance, according to a survey conducted by WeAreTeachers, 55% of teachers are using digital online games as part of their teaching, and 63% agree that students want to practice difficult skills when presented in a game-like format. Hornsby Middle School implemented gamification techniques to engage the students towards comprehensive learning.
Global Educational Services Market Segments:
The global educational services market is further segmented based on type, type of expenditure, mode and geography.
By Type: Other Educational Services, Colleges, Universities, And Professional Schools, Elementary And Secondary Schools
By Type of Expenditure: Public, Private
By Mode: Online, Offline
Sub segments Covered: Fine Arts Schools, Sports And Recreation Instruction, Language Schools, Exam Preparation And Tutoring, All Other Miscellaneous Schools And Instruction, Educational Support Services, Junior Colleges, Higher Education Colleges And Universities, Business and Secretarial Schools, Computer Training, Professional and Management Development Training, Technical and Trade Schools, Primary School, Middle School, Secondary School
By Geography: The global educational services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global educational services market, accounting for 37% of the market in 2020.
Read More On The Report For The Global Educational Services Market At:https://www.thebusinessresearchcompany.com/report/educational-services-global-market-report-2020-30-covid-19-impact-and-recovery
Educational Services Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides educational services market overviews, analyzes and forecasts market size and growth for the global educational services market, educational services market share, educational services market players, educational services market segments and geographies, educational services market’s 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.