Global Educational Services Market Is Valued At Around $2 Trillion in 2017 According To TBRC’s Latest Report

The educational services market includes establishments providing training and instructions in a wide variety of subjects. The instruction and training is typically provided in schools, colleges, universities, and training...

The educational services market includes establishments providing training and instructions in a wide variety of subjects. The instruction and training is typically provided in schools, colleges, universities, and training centers.

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The global educational services market is valued at around $2 trillion in 2017 due to increase in demand for IT, business management, and engineering courses, growing demand for educated workforce in developing countries, increasing applications of big data analytics and digital learning platforms are expected to boost the market during the forecast period.

In the report, the global educational services market is divided into three segments. Elementary and secondary schools occupy the major portion, accounting for nearly, three-fourth of the market share and the remaining one-fourth is occupied by the other two segments, namely, college, universities, and professional schools and other education services.

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China was the largest country in the educational services market in 2017, accounting for one-fifth of the market share. This was mainly due to the large population and the presence of a large number of educational institutions offering elementary and secondary colleges, universities and professional school education. The USA and India followed are the next largest countries in the market.

The top five competitors made up 0.5% of the total market in 2017. University of California System was the largest competitor of the market, followed by Texas A&M University, University of Michigan, Columbia University and Harvard University. The University of California is located in Oakland, California, with more than 238,000 student enrollments. The University owns ten campuses located in Berkeley, Davis, Irvine, Los Angeles, Merced, Riverside, San Diego, San Francisco, Santa Barbara, and Santa Cruz. These campuses offer undergraduate, graduate, and professional education.

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