How much is higher education industry worth?
Higher Education Market was valued at USD 13.7 Billion in 2020 and is projected to reach USD 64.2 Billion by 2028, growing at a CAGR of 21.5% from 2021 to 2028.
How much money does the education industry make?
The education system in the U.S. is encountering an increasing interest among the international middle class. In 2020, the estimated revenue of the industry was US$77.1 billion.
How much is education sector worth?
The education sector in India was estimated at US$ 91.7 billion in FY18 and is expected to reach US$ 101.1 billion in FY19. Number of colleges in India reached 39,931 in FY19. As of May 17, 2021, number of universities in India reached 981.
What industry is a university?
The Colleges and Universities industry comprises public and private nonprofit colleges and universities that grant baccalaureate or graduate degrees.
How big is the university industry?
The market size, measured by revenue, of the Colleges & Universities industry is $565.7bn in 2021.
How big is the online education market?
As of 2020, the e-learning market was at $250 billion, according to market research firm Global Market Insights. That is expected to surge at a compound annual growth rate of 21 percent through 2027, to hit $1 trillion. That includes academic, corporate and government use of e-learning.
Is the education industry profitable?
The vast majority of revenue in this industry comes from tuition or program fees. Gross profits tend to range from 60-90% depending on geographical location and subject matter, and net profit averages out to between 2-10%.
How much is the education industry worth 2021?
The global EdTech market size was valued at USD 89.49 billion in 2020 and is expected to reach USD 106.04 billion in 2021.
Is education an industry or a sector?
About the Educational Services sector
The Educational Services sector comprises establishments that provide instruction and training in a wide variety of subjects. This instruction and training is provided by specialized establishments, such as schools, colleges, universities, and training centers.
Is the education industry growing?
The market size of the Educational Services industry is expected to increase 3.4% in 2021. Has the Educational Services industry in the US grown or declined over the past 5 years? The market size of the Educational Services industry in the US has declined 0.1% per year on average between 2016 and 2021.
How big is the US Edtech market?
In the first six months of 2021, U.S.-based education technology companies raised over $3.2 billion in investment capital, according to Reach Capital’s analysis of deal data from Pitchbook. The tally already surpasses the $2.2 billion total that EdSurge reported for all of 2020 and $1.7 billion in 2019.