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The education consulting market size is estimated to grow at a CAGR of 5.78% between 2023 and 2028. The market size is forecast to increase by USD 771.98 million.
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 education consulting market during the forecast period.
Page Number | 154 |
Forecast period | 2024-2028 |
Historic period | 2018 - 2022 |
List of Charts and Table | 161 |
Growth momentum & CAGR | 5.78% |
Market Growth 2024-2028 | USD 771.98 million |
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 education consulting 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.
North America is estimated to contribute 35% to the growth of the global market during the forecast period.
The US and Canada are among the major markets for education consulting services 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 education consulting market is expected to grow significantly during the forecast period.
The report includes a comprehensive outlook on the Education Consulting Market, offering forecasts for the industry segmented by Type, which comprises K-12 and higher education. Additionally, it categorizes Platform into online and offline, and covers Geography regions, including (North America, Europe, APAC, South America, and Middle East and Africa). The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
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 for professional education consulting services. As primary and secondary-level educational institutions are adopting an interactive, example-oriented approach toward learning, several students are seeking education consulting 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 1,020.98 million 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 for education consulting services, which will positively impact the growth of the K-12 segment in the market during the forecast period.
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.
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 educational consulting market during the forecast period.
The lack of effective metrics is a challenge that affects market growth. Training effectiveness is an important parameter for education consulting firms while guiding and assisting students. Many education consulting 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 education consulting 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.
Global Education Consulting Market Customer Landscape
The education consulting market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Education Consulting Market Scope |
|
Report Coverage |
Details |
Base year |
2023 |
YoY growth 2023-2024(%) |
5.1 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 35% |
Key countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Anglia Education Consulting Ltd., Boston Consulting Group Inc., Broils Consulting Group LLC, ClearView Consulting Co., Colton Strawser Consulting LLC, Credo, Edmentum Inc., Education Consulting Services LLC, Education Elements Inc., EducationCounsel LLC, Generation Ready Inc., Global Education Ltd., Innovatech Solutions Inc., Insight Education Group Inc., Jinan Overseas, Margery Ginsberg, My Learning Springboard Inc., Prismatic Services Inc., Singapore Education Consulting Group, and L.E.K. Consulting LLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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
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