Mexico Technical And Vocational Education Market Size & Outlook
Mexico technical and vocational education market, 2017-2030 (US$M)
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Mexico technical and vocational education market highlights
- The Mexico technical and vocational education market generated a revenue of USD 11,488.6 million in 2023 and is expected to reach USD 23,124.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 10.5% 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.
Technical and vocational education market data book summary
| Market revenue in 2023 | USD 11,488.6 million |
| Market revenue in 2030 | USD 23,124.0 million |
| Growth rate | 10.5% (CAGR from 2023 to 2030) |
| Largest segment | Stem |
| Fastest growing segment | STEM |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | STEM, Non-STEM |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.5% of the global technical and vocational education market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil technical and vocational education market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 23,124.0 million by 2030.
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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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Mexico technical and vocational education market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to technical and vocational education market will help companies and investors design strategic landscapes.
Stem was the largest segment with a revenue share of 79.41% in 2023. Horizon Databook has segmented the Mexico technical and vocational education market based on stem, non-stem covering the revenue growth of each sub-segment from 2017 to 2030.
Various government programs in the country, such as the National Institute for the Education of Adults (INEA) and various vocational training schemes, aim to enhance workforce skills and extend TVE access.
Moreover, the incorporation of advanced technologies and digital tools into vocational training programs helps align education with industry advancements and emerging job requirements. Furthermore, engagement with international organizations and adoption of global best practices in vocational education help enhance the quality and effectiveness of TVE programs in Mexico.
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Target buyers of Mexico technical and vocational education market databook
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Our clientele includes a mix of technical and vocational education market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico technical and vocational education market , including forecasts for subscribers. This country databook contains high-level insights into Mexico technical and vocational education market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico technical and vocational education market size, by course type, 2017-2030 (US$M)
Mexico Technical And Vocational Education Market Outlook Share, 2023 & 2030 (US$M)
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