Education News

Global Education Industry Overview 2022: Digital Transformation, Increasing Education Inequality, Public Funding Pressures, Rising Importance of Lifelong Learning – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Overview of the Education Industry” report has been added to ResearchAndMarkets.com’s offering.

The Global Overview of the Education Industry offers a unique insight into key trends shaping the industry world-wide and in the largest markets. Aimed at strategists and planners, it draws on the analyst’s vast information resources to give top line insight across manufacturing, B2B and services sectors.

The briefing examines how the education industry is performing globally and in the largest countries in terms of education output. The report also provides data for production, market size, imports, exports, industry’s costs, industry’s profitability and number of companies. The industry and market overview provide benchmarks against other countries in the region.

Key Findings

Digital transformation

The COVID-19 pandemic and a shift to online learning have accelerated digital technology adoption in the global education system. Governments’ increasing investments in ICT infrastructure and rapidly-expanding edtech market are set to continuously drive digital transformation in the education industry in the foreseeable future.

Increasing education inequality

The socioeconomic inequalities between the rich and the poor are widening. Lower-income families will continue to face financial hardship and will be forced to limit discretionary spending, including expenditure on education. Moreover, the education achievement gap between students is anticipated to increase further due to distance learning and the digital divide.

Public funding pressures

The pandemic will create significant fiscal policy challenges in some countries. The unprecedented policy response to the crisis has raised public debt markedly and narrowed the available fiscal space, weighing on long-term fiscal sustainability. As a result, the budgetary allocations to education are expected to remain limited in coming years, exacerbating pre-COVID-19 education funding gaps.

Rising importance of lifelong learning

The pandemic and digital transformation in the global economy will continue to transform businesses and labour market needs. Consequently, countries will need to step up their efforts and scale up investment in lifelong learning in coming years.

Key Topics Covered:

Introduction

Scope

Examining four trends shaping the education industry

Key trends impacting the industry in 2022

Global overview

COVID-19 pandemic has a moderate impact on the education industry

Industry witnesses robust growth over 2021 but this will ease in the medium term

China and US remain the largest education industries globally

Rising operating costs to hinder profit growth

Asia Pacific market records the fastest growth in absolute terms over 2016-2021

Tight labour market and rising inflation boost operating costs

Inflationary pressures to remain high over the short term

Leading companies

The US education institutions maintain their leading positions in the industry

The number of education service providers increases in the largest economies

The education industry remains heavily fragmented

Global outlook

Asia Pacific countries to drive industry turnover growth

Industry turnover has already reached pre-pandemic levels in most countries

Key future trends shaping the global industry

Country snapshots

China: Industry to remain the largest education industry globally

Chinese education industry to record among the fastest growth rates over 2021-2026

USA: Industry growth is forecast to moderate in the long term

Student debt crisis is deepening in the US

Germany: Industry to maintain stable growth over the forecast period

Germany will continue to lead in terms of adult and other education turnover globally

Japan: Industry is projected to witness sluggish growth

Declining enrolment rates and low public funding limit industry growth

United Kingdom: Industry growth is set to ease in the long term

Increasing public funding and rising enrolment rates support industry growth

India: Industry to expand at the fastest pace across the major economies

India seeks to raise public funding and provide universal access to K-12 education

France: Industry is forecast to experience moderate growth through to 2026

The country increasingly promotes lifelong learning

Brazil: Industry turnover to reach pre-pandemic levels by 2023

Increasing fiscal imbalances could hamper industry growth in the coming years

Canada: Industry to experience stable growth over the forecast period

Recovering international student flows and rising tuition fees to boost universities’ growth

Australia: Industry growth is projected to ease in the medium term

Increasing public spending and growing enrolment rates to drive industry growth

For more information about this report visit https://www.researchandmarkets.com/r/xyk1rc

1 2Next page

Related Articles

Back to top button