Global Technical And Vocational Education Market Size & Outlook

The technical and vocational education industry worldwide is expected to reach a projected revenue of US$ 1,432.9 million by 2030. A compound annual growth rate of 10% is expected of the worldwide technical and vocational education industry from 2025 to 2030.
Revenue, 2024 (US$M)
$812.3
Forecast, 2030 (US$M)
$1,432.9
CAGR, 2025 - 2030
10%
Report Coverage
Worldwide

Global technical and vocational education market, 2018-2030 (US$M)

Global technical and vocational education market highlights

  • The global technical and vocational education market generated a revenue of USD 742,464.5 million in 2023 and is expected to reach USD 1,432,938.9 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 9.8% by 2030.
  • In terms of segment, stem accounted for a revenue of USD 579,125.9 million in 2023.
  • STEM is the most lucrative course type segment registering the fastest growth during the forecast period.
  • In terms of region, Europe was the largest revenue generating market in 2023.
  • Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.


Global data book summary

Market revenue in 2023USD 742,464.5 million
Market revenue in 2030USD 1,432,938.9 million
Growth rate9.8% (CAGR from 2023 to 2030)
Largest segmentStem
Fastest growing segmentSTEM
Historical data covered2017 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSTEM, Non-STEM


Other key industry trends

  • In terms of revenue, the North America accounted for 26.4% of the global technical and vocational education market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, U.S. is the fastest growing regional market and is projected to reach USD 242,004.5 million by 2030.

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Technical And Vocational Education Market Companies

Name Profile # Employees HQ Website

Global technical and vocational education market size, by regions, 2018-2030 (US$M)

Top 10 countries: Technical and vocational education market size, 2024 (US$M)

Global technical and vocational education market share, by course type, 2024 & 2030 (%, US$M)

Technical and vocational education market: Opportunity assessment by country

Global technical and vocational education market, by region, 2024 (US$M)

Global technical and vocational education market size, by regions, 2018-2030 (US$M)

Course Type 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 CAGR
North America 158.4 170.3 165.8 178.3 192.2 207.5 224.1 242.6 262.8 284.8 309.1 335.8 365.1 8.5%
Europe 181.4 195.5 190.7 205.6 222.2 240.4 260.4 282.6 307.0 333.6 363.1 395.6 431.5 8.8%
Asia Pacific 145.8 162.3 163.5 181.9 202.8 226.3 252.7 282.7 316.4 354.3 397.1 445.4 500.1 12.1%
Latin America 18.4 20.0 19.7 21.5 23.5 25.7 28.2 30.9 34.0 37.3 41.1 45.3 50.0 10.1%
MEA 29.5 32.3 32.1 35.2 38.7 42.6 46.9 51.8 57.2 63.3 70.1 77.7 86.3 10.8%
Overall 533.4 580.4 571.8 622.4 679.3 742.5 812.3 890.5 977.3 1,073.3 1,180.5 1,299.8 1,432.9 10.0%

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