Asia Pacific Technical And Vocational Education Market Size & Outlook
Asia Pacific technical and vocational education market, 2018-2030 (US$M)
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Asia Pacific technical and vocational education market highlights
- The Asia Pacific technical and vocational education market generated a revenue of USD 226,324.8 million in 2023.
- The market is expected to grow at a CAGR of 12% from 2024 to 2030.
- In terms of segment, stem was the largest revenue generating course type in 2023.
- STEM is the most lucrative course type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 226,324.8 million |
| Market revenue in 2030 | USD 500,091.2 million |
| Growth rate | 12% (CAGR from 2023 to 2030) |
| Largest segment | Stem |
| Fastest growing segment | STEM |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | STEM, Non-STEM |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 30.5% of the global technical and vocational education market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 500,091.2 million by 2030.
Stem was the largest segment with a revenue share of 82.71% in 2024. Horizon Databook has segmented the Asia Pacific technical and vocational education market based on stem, non-stem covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is expected to be the fastest-growing region over the forecast period. Factors such as cutting-edge innovations, including the hybrid model, rapidly growing technological advancements, rising awareness about vocational training, and peer-to-peer learning to bridge the gap between education and job requirements are propelling industry growth.
Factors such as cutting-edge innovations, including the hybrid model, rapidly growing technological advancements, rising awareness about vocational training, and peer-to-peer learning to bridge the gap between education and job requirements are propelling industry growth.
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Technical And Vocational Education Market Scope
Technical And Vocational Education Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific technical and vocational education market size, by country, 2018-2030 (US$M)
Asia Pacific Technical And Vocational Education Market Outlook Share, 2024 & 2030 (US$M)
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