Education industry comprise of
schools, colleges, institutions, and universities. All educational institutions
in the industry provides teaching and training to students enrolled over high
schools, colleges and universities, and training centers offering industrial,
professional, and vocational programs. The type of Institutions are public,
private, and nonprofit organizations profit businesses organizations. The education
industry is an ever expanding and also evolving by the use of technology and
digital medium's advancements. Schools, colleges, institutions and universities
provide instructional and non-instructional support services the widespread
adoption of internet has been proved to be supportive for the e-education and
holds significant available potential that will change the education industry
performance.
According to the study “Educational
Services Global Market Report 2019” Some of the key players in market are
Los Angeles School District, the University of Texas System, Apollo Group,
Coursera, Udacity, Rio Salado Community College, Duolingo, Inside Track and
DeVry.
The educational services market is
large and growing with multiple sorts of opportunities available for
franchisees. The educational services are not limited to teaching school kids
in subjects like math and science opportunities but it also includes early
education, career education, art, dance, adult language, test preparation and
many others. The growth of educational services market is largely driven by the
growth in competitive landscape, rise in emphasis on higher education in the
developing and developed geographies, further rise in blue collar work is also
allowing being increase in awareness for education as personal and professional
development. To increase widespread development and avail of education services
colleges are competing by providing easy access to student loans along with
many banks and government scholarship programs further promoting the education
sector. The companies within the industry have also grown significantly and
have now realized use of training and education services some, however with the
ever increasing technological development despite the growth in the sector sometime
come it is still a difficult to find qualified instructors.
Increase in awareness in the
emerging markets is additionally contributing to demand in the educational
services market. The technological development coupled with the globalization
have substantially raised the level of participation, customers availing
education and new training services. The significant increase in demand over
high-value education services have also supported the market growth. The
Asia-Pacific is one of key region recording the high growth rate and further
predicted to ascertain the growth in revenue generated for the forecast period.
There has been an increasing shift within the way people learn from more
traditional methods to more flexible learning formats, like e-education.
Private tutoring is about to continue and witnessing growing demand as parents
and dual-income households are seeking more ways to supplement their children’s
with the formal education. This segment continues to carry high potential owing
to its accessibility that allows potential students to take advantage without
physically attending the classes and therefore the possibility of appropriate
study into a schedule can be included. The North American region is estimated
to possess the substantial adoption rate of education services. Moreover the
regions such as Latin America, Middle East and Africa further offer substantial
opportunities to the service providers with some of the key countries such as
United Arab Emirates and Saudi Arabia emerging to adopt new solutions and
services in this sector.
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