U.S. Education Market Will Reach USD 2,040 billion by 2026: Zion Market Research

According to the report, the U.S. education market was valued at around USD 1,350 billion in the year 2017 and it is expected to reach approximately USD 2,040 billion by 2026. The U.S. education market is expected to exhibit a CAGR of more than 4.5% between 2018 and 2026.


New York, NY, April 09, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “U.S. Education Market by Type (Cloud and On-Premise); by Content (Audio-Based Content, Video-Based Content, and Text Content); by Smart Learning Mode (Collaborative Learning, Virtual Instructor Led Training, Simulation Based Learning, Adaptive Learning, Social Learning, Blended Learning, and Webinars); by Component (Hardware [Interactive White Boards, Interactive Displays, and Interactive Tables], Software [Learning Management System, Adaptive Learning Platform, and Learning Content Management System], and Service [Managed Service, and Professional Service]); by End User (Higher Education Institutes, K-12, and Pre-K)) - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026”.

According to the report, the U.S. education market was valued at around USD 1,350 billion in the year 2017 and it is expected to reach approximately USD 2,040 billion by 2026. The U.S. education market is expected to exhibit a CAGR of more than 4.5% between 2018 and 2026.

Browse through 11 Tables & 29 Figures spread over 110 Pages and in-depth TOC on "U.S. Education Market Size, Share, Growth, Segment Analysis, and Forecast, 2018 – 2026”.

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The developments in the education system in terms of learning have contributed positively to the U.S. education market. The rise in the demand for the e-learning and the increasing emphasis on quality learning triggers the growth of the U.S. education market. Growing initiatives by the government and increasing adoption of the technological advancements in the learning techniques by the private and the public schools drive the growth of the U.S. education market.

Market Report Highlights:

  • High demand for online education in the U.S. is expected to propel the growth of education market in the country.
  • The low population of children under the age group of 3–6 limits the growth of the pre-k segment by end-user.
  • Legal and regulatory issues in the U.S. education industry may restraint the market growth in the country.
  • On-premises solutions dominate the type segment of the U.S. education market.
  • The cloud-based solutions for education provide advantages over on-premises solution such as lower start-up cost, improved accessibility, faster deployment, and enhanced data security thus will have a high growth rate in the forecast period.
  • The video-based content in the U.S. education industry is estimated to account for the highest CAGR of 5.1% from 2018 to 2026. It is anticipated that video-based content will be increasingly adopted as it facilitates faster thinking, improves problem-solving skills, and also reduces training cost and time.
  • By smart learning mode, it is anticipated that virtual instructor-led training will witness the highest CAGR of 5% during the forecast period in the U.S. education market.
  • The enhanced features provided by the interactive displays led to its major adoption in the U.S. education market. In 2017, this segment contributed around 45% market share.
  • By component, the service segment will witness the highest CAGR of more than 4.5% in the forecast period.
  • Learning Content Management System (LCMS) is the leading software in the U.S. education market.
  • The growing enrollments in the school and the increased focus on quality learning are propelling the growth of the K-12 segment.

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According to the analysts and insight shared by industry experts during primary research, the U.S. education market will grow in the forecast period. It was observed that the U.S. spends more than any other developed nations on the student’s education per year. According to the analysis, United States spent more than $11,000 per elementary student in 2010 and more than $12,000 per high school student. In 2010, the United States spent 7.3% of its gross domestic product on education which has kept on increasing in the later years. Thus the increased spending by the nation on the education system has positively affected the market.

By type, the on-premises solutions held the major market share of 60.92% in 2017. But, it is anticipated that in the forecast period the demand for the cloud-based solutions will increase. The cloud-based solutions anticipate registering the highest CAGR growth of 5.7% between 2018 and 2026. The benefits provided by the cloud-based solutions such as scalability, low investment, and increased storage space will increase its popularity. 

Browse the full " U.S. Education Market by Type (Cloud and On-Premise); by Content (Audio-Based Content, Video-Based Content, and Text Content); by Smart Learning Mode (Collaborative Learning, Virtual Instructor Led Training, Simulation Based Learning, Adaptive Learning, Social Learning, Blended Learning, and Webinars); by Component (Hardware [Interactive White Boards, Interactive Displays, and Interactive Tables], Software [Learning Management System, Adaptive Learning Platform, and Learning Content Management System], and Service [Managed Service, and Professional Service]); by End User (Higher Education Institutes, K-12, and Pre-K)) - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026" report at https://www.zionmarketresearch.com/report/us-education-market

By the type of content, text-based content segment accounted for the highest share in the U.S. education market in 2017. Majority of the learners in the U.S. are interested in text-based content and prefer the traditional style of learning thus this segment contributed majorly in 2017. But in the forecasted period, video-based contents will have a significant demand and it is expected that this segment will register the highest CAGR of more than 5% between 2018 and 2026. 

By smart learning mode, the blended learning technique contributed the major share in the U.S. education market. The technique that is followed in the blended learning includes a combination of both online digital media and the conventional classroom methods. The benefits of blended learning include flexibility, efficiency, effectiveness, and consists of a combination of learning styles thus it is being preferred more.

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The major market players in the U.S. education market are Cisco Systems, Inc. ,Desire2Learn, AWE Acquisition, Inc., Blackboard Inc., Pearson Plc., SumTotal Systems Inc., Tata Interactive Systems, Smart Technologies, Saba Software Inc., Promethean, Inc., Wall Family Enterprise, McGraw-Hill Education, NIIT Limited, ABCmouse.com, Adobe Systems Inc., Educomp Solutions Ltd., and Ellucian Company, among others.

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The U.S. education market is segmented on the basis of the type, content, smart learning mode, component, and end user.

U.S. Education Market: Type Segment Analysis 

  • Cloud
  • On-Premise

U.S. Education Market: Content Segment Analysis

  • Audio-Based Content
  • Video-Based Content
  • Text Content

U.S. Education Market: Smart Learning Mode Segment Analysis 

  • Collaborative Learning
  • Virtual Instructor Led Training
  • Simulation-Based Learning
  • Adaptive Learning
  • Social Learning
  • Blended Learning
  • Webinars

U.S. Education Market: Component Segment Analysis

  • Hardware

a.    Interactive White Boards

b.    Interactive Displays

c.    Interactive Tables

  • Software

a.    Learning Management System

b.    Adaptive Learning Platform

c.    Learning Content Management System

Services
a.    Managed Service
b.    Professional Service

U.S. Education Market: End-User Segment Analysis 

  • Higher Education Institutes
  • K-12
  • Pre-K

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