Press Release
Press Release
According to a new report by EMR titled, ‘The United States Education Market Report and Forecast 2024-2032’, the market attained a value of nearly USD 1.25 trillion in 2023. The market is projected to grow at a CAGR of 4.30% between 2024 and 2032, reaching a value of nearly USD 1.82 trillion by 2032
In the United States, the education market is witnessing significant growth driven by the integration of advanced technologies into educational environments. Innovations like virtual reality (VR), artificial intelligence (AI), and augmented reality (AR) are enabling personalized and adaptive learning experiences tailored to individual student needs. The surge in remote learning is a key factor fueling the United States education market expansion. Online education offers flexibility, accessibility, and cost efficiency, making it appealing to both working professionals and students seeking alternative learning options. Additionally, universities' adoption of cutting-edge technologies is expected to enhance the distance learning experience.
The United States is a prominent attraction for education not just attracting domestic students but also international students. According to industrial reports, the new international student enrollment surged by 14% in 2022-2023.
Further, significant investment in public education spending stands strong in the country. New York has the highest public educational spending at the K-12 level. For Postsecondary Spending, Pennsylvania lost the largest Spent Per Pupil.
Fig: Top 10 Public Educational Spending at K-12 level, Total Average Spent Per Pupil, in USD Thousand
Fig: Top 10 Public Educational Spending at Postsecondary level, Total Average Spent Per Pupil, in USD Thousand
Further, new collaboration and innovation in the education market are shaping the market dynamics in the USA. For instance, In September 2023, Lightware Visual Engineering introduced the Lightware Academy, an e-learning platform catering to both students and industry professionals, offering over 10 courses in three core categories. These categories include Traditional AV, AV-over-IP, and Room automation and AV integration, covering various aspects of audiovisual technology. The courses, ranging from beginner to expert levels, provide immersive learning experiences with on-demand videos and downloadable materials. In September 2022, Skilldora, an Ed-Tech startup, partnered with D-ID to launch the first e-learning platform and app in the U.S. using AI instructors. By leveraging D-ID's Creative Reality™ technology, Skilldora aims to revolutionize online learning with 60-minute A.I. Instructed Courses™ and collaborative interactive features.
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The major players in the United States education market are 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, amongst others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
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 |
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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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