How big of an industry is higher education?

Higher Education Market size was valued at USD 736.81 Billion in 2023 and is projected to reach USD 1,569.36 Billion by 2030, growing at a CAGR of 12.2% during the forecast period 2024-2030.

How big of an industry is college?

What was the market size of the Colleges & Universities industry in the US in 2023? The market size, measured by revenue, of the Colleges & Universities industry was $818.6bn in 2023.

Is education a big industry?

In terms of revenue, the U.S. education market size was valued at around USD 1.41 trillion in 2021 and is projected to reach USD 3.12 trillion, by 2030.

How big is the educational services industry?

The workforce in Educational Services Industry Sub-Sector was 14,385,269 people and is concentrated in California (1,569,246 workers).

Is higher education a service industry?

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 College Worth It? Re-Imagining Higher Education | Janine Davidson | TEDxMSUDenver

Is education an industry or a sector?

The education sector in the US includes about 77,000 institutions and schools with total revenue of about $65 billion. Separate industry profiles about Public Schools, Private Schools, Colleges & Universities, Community Colleges, and Education & Training Services provide more detailed coverage of these industries.

Is higher education a field?

Higher education, or more strictly higher education studies, is sometimes referred to as a discipline, though it is more often referred to as a field, sector or area for study.

How fast is the education industry growing?

The Higher Education Technology Market size was USD 77.66 billion in 2020. It is expected to reach USD 169.72 billion by 2028. How fast is the Higher Education Technology Market growing? The Higher Education Technology Market will exhibit a CAGR of 10.3% during the forecast period, 2021-2028.

What industry does education fall under?

NAICS 611000 - Educational Services is part of: Sector 61 - Educational Services. SOC Major Groups in NAICS 611000 - Educational Services: 00-0000 All Occupations. 11-0000 Management Occupations.

What percent of the economy is education?

Expenditure on Education as a % of GDP in the United States (2010 - 2020) The expenditure on education as a % of GDP in the US was 6.4% in 2020, an increase of 3.8% from the previous year. Between 2010-2020, the expenditure on education as a % of GDP in the United States decreased by 16.7%.

How much money is the education industry?

The market size, measured by revenue, of the Educational Services industry was $1.9tr in 2023. What was the growth rate of the Educational Services industry in the US in 2023? The market size of the Educational Services industry increased 1% in 2023.

Which industry is bigger?

Global Oil & Gas Exploration & Production.

How much of the workforce has a college degree?

A new report from the Lumina Foundation shows that the percentage of working age adults who've earned a college degree or other postsecondary credential reached 53.7% in 2021.

How many higher education institutions are there in the US?

Out of a total 3,928 postsecondary degree granting institutions offering some level of distance education, there are 422 primarily offering online courses and programs as of Fall 2020. Collectively, these schools serve almost 19 million students at public, private, nonprofit, and for-profit colleges and universities.

How big is the college student market?

The global back to college market size was estimated at USD 358.59 billion in 2021 and is expected to reach USD 374.72 billion in 2022.

Is higher education growing?

The report, released today, found that undergraduate enrollment grew 1.2 percent in fall 2023 compared to the prior year, adding roughly 176,000 students to college enrollment rolls nationally. The new data contained especially good news for community colleges.

Is the demand for higher education increasing?

Since 2008, we've seen the percentage of people with college degrees or valuable credentials increase from 38 percent to 54 percent last year. Society's demand for talent continues to grow, to the point that two-thirds of good-paying jobs now require a post-high school credential.

What will higher education look like in 2050?

Augmented reality and AI

Adaptive learning systems driven by artificial Intelligence (AI) will have become integrated into the school environment by 2050. Personalised learning experiences will take into account learning styles and create adaptive assessments that adjust in real-time based on performance.

How much is the higher education industry worth?

The report reveals that the market was valued at USD 477.12 Billion in 2022 and is expected to reach USD 853.28 Billion by the end of the forecast period. The global Higher Education Market, characterized by post-secondary and tertiary education institutions, is undergoing a significant transformation.

What percentage of US goes to higher education?

As previously stated, around 44% of Americans 25 and older have attended college and completed their degree programs. The grand majority of these degree-holders possess a bachelor's degree. 35% of those over 25 have a bachelor's degree or higher.

What percentage of US population has higher education?

General attainment of degrees/diplomas

In 2018, nearly 9/10 (90 percent) of all adults 25 years or older reported they had completed at least high school, or obtained a GED/high school equivalency certificate. Over one in three adults (35 percent) had attained at least a bachelor's degree.

Will higher education survive?

It's not a matter of extinction but adaptation. The traditional four-year degree may no longer be the default path to success, but higher education will continue to evolve. Degrees will still hold value in certain fields, especially those that require specialized knowledge and expertise.

What will happen to higher ED?

Many states will see a 15% or greater decline in traditional college-age students between 2026 and 2029. Creating these teams will require institutions to bring the right people together with the right skills.

Why is higher education important?

Greater income potential, greater career advancement, a strong network and higher self-confidence all add up to helping you create a happier life. Research backs up this claim, too.