At 4.2% CAGR, Global U.S. Education Market Size Surpass to US$ 3.1 Tillion By 2030 | Analysis & Forecast Report By CMI

According to the study, The Global U.S Education Market?accounted for around USD 1.4 Trillion in 2021 and is expected to grow at a CAGR of 4.2% during 2022-2030, which is forecasted to account for nearly USD 3.1 Trillion by 2030.

Overview:

Post COVID-19 the education sector in the U.S. has undergone several transformations and has turned more receptive to student needs. Many facets of online programs have begun to provide full-fledged quality education in the U.S. right from junior level to high level.

During the crisis scenario, the majority of educational institutions witnessed a huge decline in academic enrollments therein affecting the revenue and cash flow. As a result, a majority of the institutions offered waivers, discounts and other forms of offers that would help them retain the enrollments. Going forward, as the U.S. market is reviving from the shock waves of the pandemic, digitalization in the education sector in the U.S. offers lucrative opportunities.

Growth Drivers:

The U.S. education market is one of the mature sectors relevant to the global scenario. Since the WHO declared COVID-19 as a global pandemic, schools remained shut for a prolonged time. On the contrary, in 2021, schools, colleges, and academic institutions have identified the potential in the situation that encourages them to look for sustainable alternatives. Besides, the academic institutions have to deal with the financial challenges on the flip side. From the commercial standpoint, the U.S. education market offers a huge potential in terms of educational infrastructure, domain expertise, technological inclination, scholarships and reimbursement scenarios, and the level of educational quality.

The presence of international universities with an outstanding infrastructure is one of the essential highlights of the market growth.

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