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United States Education Market Size, Share, Growth, Forecast: By Component: Hardware, Software, Service; By Deployment Mode: Cloud, On-Premises; By Content: Text Based Content, Audio Based Content, Video Based Content; By Sector: Preschool, K-12, Higher Education; By End Use; Regional Analysis; Competitive Landscape; 2023-2028
United States Education Market Outlook
The United States education market reached a value of approximately USD 1.2 trillion in 2022. The market is projected to grow at a CAGR of 4.30% between 2023 and 2028, reaching a value of nearly USD 1.54 trillion by 2028.
Key Trends in the Market
Education can be described as both the process of giving knowledge to others and receiving knowledge from someone. The purpose of education is to provide a stage which enables a person to acquire knowledge and skills for personal development, further helping them reach their potential.
- The United States education market is being driven by the increasing implementation of advanced technologies in educational settings. Technological advancements, such as virtual reality (VR), artificial intelligence (AI), and augmented reality (AR), have opened up new avenues for personalised and adaptive learning, providing students with tailored educational experiences that cater to their individual needs.
- The rising trend of remote learning is a major factor propelling the market development. Online learning offers flexibility, accessibility, and cost-effectiveness, making it an attractive mode of education for working professionals and students seeking an alternative source of education. Moreover, the adoption of latest technologies by universities is likely to enhance the experience of students opting for distance learning courses.
- Skill-based education is another major United States education market trend gaining significance due to evolving workforce requirements. Employers are placing greater emphasis on hiring candidates with practical skills and real-world experience. As a result, educational institutions are incorporating more vocational and career-oriented programmes.
Market Analysis
Based on components, the market is segmented into hardware, software, and service. On the basis of deployment mode, the market can be divided into cloud and on-premises. The market, based on content, is categorised into text based content, audio based content, and video based content. On the basis of sector, the market is divided into preschool, K-12, and higher education.
The market, based on end-use, is bifurcated into business and consumer. The major regional markets for education in the United States include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountains, and Far West.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States education market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
- Adobe Inc.
- Cisco Systems Inc.
- Educomp Solutions Ltd
- NIIT Limited
- Blackboard Inc.
- AWE Learning
- Sumtotal Systems, LLC
- McGraw Hill
- Promethean Limited.
- Omnitracs, LLC
- Ellucian Company L.P
- Others
Market Share by Deployment Mode
The cloud segment is expected to hold a major share of the United States education market. The growth of the segment can be attributed to the growing adoption of cloud technologies due to their several advantages, such as automated updates, unlimited storage space, cost-effectiveness, high scalability, and accessibility. Cloud computing also enables users to access the content on the go through common smart devices.
Market Share by Content
Video-based content is anticipated to hold a significant position in the market owing to its higher level of engagement benefits, which can enhance the retention and cognitive skills of students. Through the video format, students can pause, rewind, or skip the video at any point. Videos are also more likely to capture a person's attention for a longer time as they utilise colourful visuals and sounds to deliver the point effectively.
Competitive Landscape
NIIT Limited is a leading global skill and talent development corporation that operates with a primary focus on providing training and skill development programs in areas such as cybersecurity, information technology (IT), data science, artificial intelligence (AI), digital transformation, and other emerging technologies. It has been providing education and training to individuals since its establishment in 1981.
Blackboard Inc. is one of the leading educational technologies (EdTech) companies that provides learning management systems (LMS), data analytics, web conferencing systems and other educational software and services. It was founded in 1997 and is currently headquartered in Washington, D.C., the United States. Blackboard also offers its services to different sectors such as government, business, and higher education.
AWE Learning is a company that specialises in providing digital learning solutions for early childhood education. The company focuses on creating educational products and software designed specifically for young children, aged 2 to 12 years old. The company was established in the year 1994 and has developed its speciality in digital learning solutions, early education, and community learning.
Other market players include Adobe Inc., Cisco Systems Inc., Educomp Solutions Ltd, Sumtotal Systems, LLC, McGraw Hill, Promethean Limited., Omnitracs, LLC, and Ellucian Company L.P, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Deployment Mode |
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| Breakup by Content |
|
| Breakup by Sector |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 United States Education Market Analysis
8.1 Key Industry Highlights
8.2 United States Education Historical Market (2018-2022)
8.3 United States Education Market Forecast (2023-2028)
8.4 United States Education Market by Component
8.4.1 Hardware
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Software
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Service
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 United States Education Market by Deployment Mode
8.5.1 Cloud
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 On-Premises
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 United States Education Market by Content
8.6.1 Text Based Content
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Audio Based Content
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Video Based Content
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.7 United States Education Market by Sector
8.7.1 Preschool
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 K-12
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Higher Education
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.8 United States Education Market by End Use
8.8.1 Business
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Consumer
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.9 United States Education Market by Region
8.9.1 New England
8.9.1.1 Historical Trend (2018-2022)
8.9.1.2 Forecast Trend (2023-2028)
8.9.2 Mideast
8.9.2.1 Historical Trend (2018-2022)
8.9.2.2 Forecast Trend (2023-2028)
8.9.3 Great Lakes
8.9.3.1 Historical Trend (2018-2022)
8.9.3.2 Forecast Trend (2023-2028)
8.9.4 Plains
8.9.4.1 Historical Trend (2018-2022)
8.9.4.2 Forecast Trend (2023-2028)
8.9.5 Southeast
8.9.5.1 Historical Trend (2018-2022)
8.9.5.2 Forecast Trend (2023-2028)
8.9.6 Southwest
8.9.6.1 Historical Trend (2018-2022)
8.9.6.2 Forecast Trend (2023-2028)
8.9.7 Rocky Mountains
8.9.7.1 Historical Trend (2018-2022)
8.9.7.2 Forecast Trend (2023-2028)
8.9.8 Far West
8.9.8.1 Historical Trend (2018-2022)
8.9.8.2 Forecast Trend (2023-2028)
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyer’s Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Competitive Landscape
10.1 Market Structure
10.2 Company Profiles
10.2.1 Adobe Inc.
10.2.1.1 Company Overview
10.2.1.2 Product Portfolio
10.2.1.3 Demographic Reach and Achievements
10.2.1.4 Certifications
10.2.2 Cisco Systems Inc.
10.2.2.1 Company Overview
10.2.2.2 Product Portfolio
10.2.2.3 Demographic Reach and Achievements
10.2.2.4 Certifications
10.2.3 Educomp Solutions Ltd
10.2.3.1 Company Overview
10.2.3.2 Product Portfolio
10.2.3.3 Demographic Reach and Achievements
10.2.3.4 Certifications
10.2.4 NIIT Limited
10.2.4.1 Company Overview
10.2.4.2 Product Portfolio
10.2.4.3 Demographic Reach and Achievements
10.2.4.4 Certifications
10.2.5 Blackboard Inc.
10.2.5.1 Company Overview
10.2.5.2 Product Portfolio
10.2.5.3 Demographic Reach and Achievements
10.2.5.4 Certifications
10.2.6 AWE Learning
10.2.6.1 Company Overview
10.2.6.2 Product Portfolio
10.2.6.3 Demographic Reach and Achievements
10.2.6.4 Certifications
10.2.7 Sumtotal Systems, LLC
10.2.7.1 Company Overview
10.2.7.2 Product Portfolio
10.2.7.3 Demographic Reach and Achievements
10.2.7.4 Certifications
10.2.8 McGraw Hill
10.2.8.1 Company Overview
10.2.8.2 Product Portfolio
10.2.8.3 Demographic Reach and Achievements
10.2.8.4 Certifications
10.2.9 Promethean Limited.
10.2.9.1 Company Overview
10.2.9.2 Product Portfolio
10.2.9.3 Demographic Reach and Achievements
10.2.9.4 Certifications
10.2.10 Omnitracs, LLC
10.2.10.1 Company Overview
10.2.10.2 Product Portfolio
10.2.10.3 Demographic Reach and Achievements
10.2.10.4 Certifications
10.2.11 Ellucian Company L.P
10.2.11.1 Company Overview
10.2.11.2 Product Portfolio
10.2.11.3 Demographic Reach and Achievements
10.2.11.4 Certifications
10.2.12 Others
11 Key Trends and Developments in the Market
List of Key Figures and Tables
1. United States Education Market: Key Industry Highlights, 2018 and 2028
2. United States Education Historical Market: Breakup by Component (USD Trillion), 2018-2022
3. United States Education Market Forecast: Breakup by Component (USD Trillion), 2023-2028
4. United States Education Historical Market: Breakup by Deployment Mode (USD Trillion), 2018-2022
5. United States Education Market Forecast: Breakup by Deployment Mode (USD Trillion), 2023-2028
6. United States Education Historical Market: Breakup by Content (USD Trillion), 2018-2022
7. United States Education Market Forecast: Breakup by Content (USD Trillion), 2023-2028
8. United States Education Historical Market: Breakup by Sector (USD Trillion), 2018-2022
9. United States Education Market Forecast: Breakup by Sector (USD Trillion), 2023-2028
10. United States Education Historical Market: Breakup by End Use (USD Trillion), 2018-2022
11. United States Education Market Forecast: Breakup by End Use (USD Trillion), 2023-2028
12. United States Education Historical Market: Breakup by Region (USD Trillion), 2018-2022
13. United States Education Market Forecast: Breakup by Region (USD Trillion), 2023-2028
14. United States Education Market Structure
Key Questions Answered in the Report
In 2022, the market reached an approximate value of USD 1.2 trillion.
The market is projected to grow at a CAGR of 4.30% between 2023 and 2028.
The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach around USD 1.54 trillion by 2028.
The market is being driven by rapid technological developments to support different modes of education and the growing adoption of online learning.
The key trends driving the market development are the increasing demand for skill-based education and the growing popularity of distance learning.
The major regional markets in the United States include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountains, and Far West.
The major components of education include hardware, software, and service.
The key market players include Adobe Inc., Cisco Systems Inc., Educomp Solutions Ltd, NIIT Limited, Blackboard Inc., AWE Learning, Sumtotal Systems, LLC, McGraw Hill, Promethean Limited., Omnitracs, LLC, and Ellucian Company L.P, among others.
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