Higher Education Market Size, Key Players Analysis and Forecast Report to 2022

imparting knowledge based on latest technology and trends. This gives rise to regular resources and content updates.
Moreover, good infrastructure and value added facilities are factors which students look out for during opting an
institution. Local government bodies and ministry of education have realised the importance of educated professionals
in the development of the overall economy.
More and more government institutions are being established offering high-quality learning at an affordable cost. They
also work on creating awareness and, therefore, driving the overall demand. Education tourism is another factor which
propels this industry. Students have been migrating to distant locations for acquiring quality based schooling along with
world class infrastructure. This is a good source of revenue in terms of foreign exchange.
Education tourism has also facilitated globalisation by inducting students of different cultural background. The high cost
is expected to hamper the global industry growth over the forecast period. Traditional learning methods are easy to
implement and deliver. New methodologies require skilled faculty along with the desired infrastructure. Institutions
highly depend on government funding for their overall growth. This industry is highly dependent on government
policies.
Therefore, this industry has been facing challenges in countries with the unstable political environment. Growing
demand for online learning provides great opportunities for global market growth in near future. Use of mobile devices,
laptops and tablets have vastly increased for learning purposes. This is expected to provide bright prospects for industries
into software learning in the future. Multi-national organisations have realised the need of training their employees.
One such training methodology is implementing higher education. Organisations including Accenture, Microsoft,
Siemens and Google have tie-ups with institutes for imparting quality learning among their employees. Such initiatives
are providing great opportunities for market growth in the coming years. Recent trends have shown that demand for
management education has seen an exponential growth. New management institutions have been established in the U.S.,
the UK, Australia, India, China and Singapore.
Reputed b-schools in the west are planning to move towards east considering the high demand for management learning.
This kind of trends is expected to provide bright prospects to this industry over the forecast period. Segmentation is
based on the service type provided which includes consulting, implementation, advisory and support services and end
use industries such as state universities, private colleges and community colleges.
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Segmentation can also be done based on learning type imparted which include management courses, technical courses,
accountancy, health science courses and literature. North America dominates the market in terms of overall demand and
is expected to maintain its position over the forecast period. The main factor driving this regional growth is the vast
presence of educational bodies concentrating on sophisticated learning programmes. Regional demand is followed by
Asia Pacific on account of government initiatives to promote higher education especially in Japan, China, Singapore
and India.
Growing population is also one of the factors contributing overall demand. Europe has witnessed a significant growth
owing to increasing education tourism. The Scandinavian region has been emerging as a knowledge hub in Europe.