Kings Research today announced the release of its latest market intelligence study, “Global Higher Education Market: Size, Share, Trends & Forecast 2023–2030.” The report provides an in-depth analysis of market size, growth drivers, technological trends, regional outlook, and competitive dynamics.
According to Kings Research, the global higher education market was valued at USD 506.54 billion in 2022 and is projected to reach USD 860.11 billion by 2030 at a CAGR of 7.03%. The market is driven by increasing student enrollments, adoption of education technology, and expansion of private and public institutions targeting international students and faculty.
Higher education encompasses post-secondary instruction, training, and research guidance delivered by universities, institutes of technology, colleges, and career colleges. Educational offerings include undergraduate, professional, master’s, and Ph.D. programs, with institutions focusing on both offline and online learning experiences.
Kings Research identifies the following drivers for the higher education market:
- Digital Learning Adoption: Increasing use of online platforms, virtual classrooms, and e-learning tools allows greater interaction between students and educators.
- Government Initiatives: Programs supporting remote and accessible education contribute to market expansion. For example, initiatives like SWAYAM PRABHA provide educational content via satellite channels, continuously updated by government ministries (Source: Ministry of Education, India).
- Technological Integration: Internet penetration, demand for smartphones and laptops, and advanced learning platforms enhance education delivery and student engagement.
- Private Institution Expansion: Investment in private educational institutions and EdTech platforms is fostering rapid growth, especially in developing regions.
B2B leaders, educational institutions, and policymakers can benefit from higher education growth through:
- Enhanced Learning Outcomes: Adoption of technology enables theoretical and practical education effectively.
- Operational Efficiency: Digital and offline tools streamline administration, teaching, and resource management.
- Global Reach: International collaborations provide access to additional research resources and funding opportunities.
- Workforce Readiness: Graduates gain advanced skills aligned with evolving industry requirements.
Regional Outlook
- Asia-Pacific: Largest share in 2022 with 45.70% of global revenue (USD 231.49 billion), expected to maintain the highest growth rate due to increasing awareness of higher education and favorable government policies. China leads in revenue, and India is projected to grow at over 8% CAGR during 2023–2030.
- Europe: Accounted for over 20% of global revenue in 2022, with steady growth supported by high literacy rates and well-established institutions. Germany held the largest revenue share in the region in 2022.
Competitive Landscape
The higher education market is fragmented, with institutions and EdTech companies pursuing partnerships, acquisitions, and innovations to expand their reach. Key players include Brain4ce Education Solutions Pvt. Ltd., Coursera Inc., Harvard University, iversity Learning Solutions GmbH, Massachusetts Institute of Technology (MIT), University of Oxford, and Simplilearn Solutions.
The full Kings Research report offers detailed segmentation by application, institution type, mode of education, and region, along with competitive benchmarking and industry forecasts. To request a sample report or access the complete study, visit https://www.kingsresearch.com/higher-education-market-38.
About Kings Research
Kings Research is a global provider of syndicated research reports and consulting services, enabling organizations to navigate emerging markets, assess opportunities, and make informed strategic decisions.
All market data are sourced from Kings Research proprietary analysis, validated against credible sources and industry publications. Key references include the Ministry of Education, India (www.education.gov.in), the U.S. Department of Education (www.ed.gov), and the European Commission Erasmus+ Program (ec.europa.eu).