24-Nov-2021 | Zion Market Research
As per the findings of Zion Market Research study, U.S. Education industry garnered revenue of about US$ 1.1 trillion in 2020 and is set to earn revenue of nearly US$ 2.3 trillion by 2028. Moreover, U.S. Education market is prognosis to record CAGR of nearly 4.5% in 2021-2028. Apparently, growth of the U.S. education market is due to rise in popularity of e-books as well as online learning in the country. In addition to this, upgrading of education system in the U.S. will proliferate expansion of size of U.S. education industry. Launching of new technologies in the U.S. education sector will accelerate U.S. education market expansion. Extensive spread of COVID pandemic has resulted in imparting education in online way in various countries with U.S. being no exception to this. Furthermore, massive use of online education has enabled reputed universities in the U.S. to deliver online lectures along with enlarging its global reach with providing online degrees to overseas students. This, in turn, has resulted in multifaceted growth of U.S. education industry.
On-Premise Segment To Dominate Type Landscape By 2028
Massive demand for on-premise as a deployment tool along with its large penetration in public and private firms has promoted growth of segment. Moreover, cost-efficiency of on-premise mode of deployment has made it most popular tool of deployment in various educational institutes in the U.S.
Video-Based Content Segment To Contribute Majorly Towards U.S. Education Market Size Over 2021-2028
Surging popularity of e-learning activities has translated into humungous acceptance of video-based educational content. Rise in awareness about benefits of video-based contents has proliferated expansion of video-based content segment over upcoming years.
Blended Learning Segment To Gain Traction Over Next Seven Years
Growth of blended learning segment over assessment period is subject to its flexibility, effectiveness, and myriad learning styles. Furthermore, its cost-effectiveness will further contribute towards segmental growth.
Key players influencing growth of U.S. education market and profiled in study are Smart Technologies, Wall Family Enterprise, Adobe Systems Inc., Cisco Systems, Inc., Educomp Solutions Ltd., Desire2Learn, NIIT Limited, Blackboard Inc., Pearson Plc., AWE Acquisition, Inc., SumTotal Systems Inc., McGraw-Hill Education, Tata Interactive Systems, ABCmouse.com, Saba Software Inc., Promethean, Inc., and Ellucian Company.
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, 2021 – 2028" report at https://www.zionmarketresearch.com/report/us-education-market
The U.S. Education Market is segmented as follows:
By Smart Learning Mode
By End User
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