Enjoy complimentary customisation on priority with our Enterprise License!
The education consulting market size is estimated to increase by USD 771.98 million and grow at a CAGR of 5.78% between 2023 and 2028. Market growth is being driven by rising demand for customized learning, the growing importance of STEM education, and increasing e-learning enrollments in higher education. Personalized learning experiences are sought to cater to individual needs, while the emphasis on STEM prepares students for future careers in a knowledge-based economy. Additionally, the flexibility and accessibility of e-learning attract more students, leading higher education institutions to expand their online offerings. These trends collectively enhance educational experiences and drive market expansion by aligning with evolving student preferences and technological advancements.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Based on type. The market share growth by the K-12 segment will be significant during the forecast period. The number of K-12 educational institutions is increasing across the globe, which, in turn, is driving the demand. As primary and secondary-level educational institutions are adopting an interactive, example-oriented approach toward learning, several students are seeking such services. Hence, the K-12 segment is expected to witness significant growth.
The K-12 segment showed a gradual increase in the market share of USD 1.02 billion in 2018. Furthermore, Government organizations in several countries across the world are also supporting virtual schools for K-12 education. With an increase in Internet penetration, the demand for digital educational publishing will increase in tier-2 and tier-3 cities. Consequently, the role of digital educational publishing at the K-12 level is expected to trigger the demand, which will positively impact the growth of the K-12 segment in the market during the forecast period.
North America is estimated to contribute 35% to the growth of the global market during the forecast period.
Technavio’s analysts have elaborately explained the regional market growth and trends that shape the market during the forecast period. The US and Canada are among the major markets in North America. Most of the key players operating in the market are mostly based out of the US. The increasing number of job vacancies in the STEM industry is driving the growth of the market in North America. Moreover, the number of job opportunities in the STEM fields in the US is expected to grow at a faster rate than non-STEM jobs. Therefore, the demand for STEM graduates will increase in the next five years.
In addition, the complexity and difficulty of STEM subjects are discouraging students in the US from pursuing them. However, the increasing demand for STEM graduates in the US will encourage students to incorporate STEM subjects in their K-12 education. Thus, the regional market is expected to grow significantly during the forecast period.
The market is expanding rapidly, driven by diverse services offered to the K-12 Education Consulting, Colleges, Government departments, Non-profit organizations, and Private corporations. Consultants provide expertise in Curriculum development, Assessment services, and Instructional design, enhancing the teaching and learning process. Innovative assessment methods such as digital badges and micro credentials are becoming prevalent. Teacher training programs are tailored to integrate educational technology and remote learning methods effectively. Customized solutions in course development are designed to meet specific needs. Emphasis on assessment and evaluation ensures educational goals are met. By leveraging expertise, education consultants facilitate the development of robust, future-ready education systems. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Market Driver
Rising demand for customized learning is the key factor driving market growth. Traditional education methods enable the one-way flow of knowledge and provide access to a limited number of knowledge sources. Nevertheless, students have access to various knowledge sources, such as online databases. Therefore, they are aware of and desire a customized learning experience. Moreover, several players in the global education market offer solutions for customized learning.
Furthermore, the growing demand for customized learning facilitates the need for necessary guidance such as education counseling, test preparation, planning and development, and administration. Therefore, the rising demand for customized learning will drive the growth of the global market during the forecast period.
The evolving role of educational technologies is the primary trend shaping market growth. Advances in technology have resulted in the evolution of its role in education. Educational institutions are introducing assessments that include digital badging and micro-credentials, and several market players offer such advanced technologies. For instance, Pearson introduced digital credentials in higher education, which enable students to reach their professional and personal goals. The use of such technologies will improve student's performance and enable teachers to monitor the same.
Furthermore, balanced assessments involve the academic and non-academic assessment of students. Balanced assessments will also improve the analysis of the performance of students and bridge the gap between the learning requirements of students and the teaching facilities provided to students. Thus, the evolving role of educational technologies is expected to positively influence the growth of the global market during the forecast period.
The lack of effective metrics is a challenge that affects market growth. Training effectiveness is an important parameter for the firms while guiding and assisting students. Many firms invest huge amounts in implementing training modules using the latest e-learning technologies. However, some companies lack the adoption of measurement or evaluation techniques for training programs. Evaluation techniques must measure the effectiveness of training programs to aid trainees in improving their skills effectively.
Besides, e-learning can be successful for non-technical training, including compliance, business ethics, and soft skills training. However, training and assessment involving a significant amount of hands-on experience and practical exercises, which must be practiced thoroughly and frequently, cannot be done using conventional metrics. This, in turn, may impede the growth of the global market during the forecast period.
The report includes the adoption lifecycle of the market, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on market penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2023 for the following segments
Smart Education Market - Smart Education Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Germany, China, Canada, UK - Size and Forecast
Digital Education Content Market - Digital Education Content Market Analysis North America, APAC, Europe, South America, Middle East and Africa - US, China, India, UK, Germany - Size and Forecast
Executive Education Program Market - Executive Education Program Market Analysis North America, APAC, Europe, South America, Middle East and Africa - US, Canada, India, UK, Germany - Size and Forecast
The market is evolving rapidly, driven by diverse needs from educators and institutions aiming to enhance academic and career objectives. Firms focus on improving student performance by leveraging smartphone users and virtual counseling systems. The online platform segment facilitates virtual interactions and delivers personalized course content. Firms collaborate with universities for curriculum enhancement and educator development. Non profit organizations play a crucial role in fostering student engagement through hybrid and online learning. Both public educational institutions and private educational institution benefit from accessible learning platforms that support international programs and workforce development programs. Catering to Generation Z and adult learners, these services address the unique needs of both private educational institutions and non-profit educational institutions.
|
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Platform
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.