Higher Education Market To Reach $1,569.37 Billion By 2030

Higher Education Market Growth & Trends

The global higher education market size is expected to reach USD 1,569.37 billion by 2030 and is expected to grow at a CAGR of 12.1% from 2024 to 2030, according to a recent report from Grand View Research, Inc. This growth can be attributed to rapid technological progress that has altered the market. The extensive use of online learning platforms and digital technologies improves accessibility, attracts students worldwide, and broadens the reach of higher education. Evolution of workforce dynamics, such as the emergence of gig economy employment and the need for continual upskilling, contribute to a consistent need for higher education programs that meet the needs of developing industries. Blockchain technology is being incorporated to verify academic qualifications in a secure and transparent approach.

It aids in fraud prevention and improving efficiency of processes involving credential verification during enrollment or hiring. The storage and availability of educational resources are being transformed by cloud computing. It allows for seamless communication between students and professors, remote access to learning materials, and institutional flexibility. Smart classroom technology, such as smart projection devices, interactive whiteboards, wireless presentations, and lecture recording systems, improves the teaching and learning experience. Students use lecture recordings to review course material for better understanding. Moreover, the fast adoption of online learning demands institutions' rapid adaptation to new technologies and instructional methodologies, necessitating significant investments in technological infrastructure and faculty training.

The shifting employment market will increase the requirement for ongoing upskilling and retraining. Higher education institutions will play a vital part in providing possibilities for lifelong learning by delivering programs that adapt to changing market needs. For strategic decision-making, universities in this market will increasingly rely on data analytics. Data-driven insights will inform institutional plans and improve efficiency, from enrollment management to tailored learning interventions. EdTech will continue to be important in the market. Recognizing the importance of maintaining a healthy and supportive learning environment, universities and institutions will invest in assistance services and mental health programs in the forecasted period.

 Request a free sample copy or view report summary: Higher Education Market Report

Higher Education Market Report Highlights

• The online segment is expected to register the highest CAGR of over 13% from 2024 to 2030. Online education will have more emphasis on personalized learning pathways. AI-powered adaptive learning platforms will personalize information to specific student needs, enhancing the learning experience

• The masters segment is expected to register the highest CAGR of around 14% from 2024 to 2030. Master's degree programs will continue to shift toward blended learning approaches that combine online and in-person courses. Advanced technology will be incorporated progressively into master’s degree programs

• The grants, contracts, and gifts segment is expected to register the highest CAGR of over 12.5% from 2024 to 2030. Grants, contracts, and gifts will be used to support research and innovation. Fundraising activities will undergo a digital transformation in coming years. Grants and contributions will help institutions establish innovation hubs and entrepreneurship initiatives

• The private segment is expected to register the highest CAGR of 12.5% over the forecast period due to major focus on customized learning experiences. In addition, private higher education aims to investigate alternate certification methods to provide learners with more open pathways

• Asia Pacific is expected to register the highest CAGR of 13.3% from 2024 to 2030. Private higher education providers will continue to grow in the APAC region. These educational institutions will contribute to meeting the increased demand for higher education by providing different programs and flexible learning substitutes to a diverse range of students

Higher Education Market Segmentation

Grand View Research has segmented the global higher education market based on learning mode, course, revenue source, institution, and region:

Higher Education Learning Mode Outlook (Revenue, USD Billion, 2018 - 2030)

• Online

• Offline

Higher Education Course Outlook (Revenue, USD Billion, 2018 - 2030)

• Undergraduate

• Master's

• PhD

Higher Education Revenue Source Outlook (Revenue, USD Billion, 2018 - 2030)

• Tuition Fees

• Grants, Contracts, and Gifts

• Investment Returns

• Others

Higher Education Institution Outlook (Revenue, USD Billion, 2018 - 2030)

• Public

  • State Universities

  • Government Colleges

  • Others

• Private

  • Private Colleges

  • Community Colleges

  • Others

Higher Education Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • UAE

  • Saudi Arabia

  • South Africa

List of Key Players in Higher Education Market

• California Institute of Technology

• Columbia University

• Imperial College London

• Massachusetts Institute of Technology

• Peking University

• Stanford University

• Tsinghua University

• The President and Fellows of Harvard College

• The Trustees of Princeton University

• The University of Tokyo

• University of Cape Town

• University College London, UCL

• University of Oxford

• University of the Andes

• University of Pennsylvania

• Yale University