Market Research Future (MRFR) has published a cooked research report on the Education Consulting Market that contains information from 2018 to 2032. The Education Consulting Market is estimated to register a CAGR of 4.20% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Education Consulting Market— Anglia Education Consulting Ltd., Broils Consulting Group LLC, ClearView Consulting Co., Colton Strawser Consulting LLC, Credo, Edmentum Inc., Education Consulting Services LLC, Education Elements Inc., Education Counsel LLC, ELITE SCHOLARS OF CHINA, Generation Ready Inc., Global Education Ltd., Innovatech Solutions Inc., Insight Education Group Inc., Jinan Overseas.
Education Consulting Market Highlights
The Global Education Consulting Market is accounted to register a CAGR of 4.20% during the forecast period and is estimated to reach USD 4.05 billion by 2032.
The growth of the global education consulting market is significantly propelled by the changing role of educational technologies. Technological advancements have led to a transformation in the way technology functions within the education sector.
Segment Analysis
The Global Education Consulting Market has been segmented based on Type, and Platform.
Based on the Type, the market is segmented into K-12 and Higher education. The higher education segment was attributed to holding the largest market share in 2022. The global demand for higher education is on the rise as individuals actively seek to augment their skills and qualifications to improve their career prospects. This surge in demand creates a necessity for educational consulting services, facilitating guidance for students in selecting optimal courses, institutions, and career trajectories. The integration of technology into higher education introduces both opportunities and challenges. Educational consultants play a pivotal role in aiding institutions to navigate technological advancements, implement online learning solutions, and elevate the overall educational experience.
Based on the Platform, the Education Consulting Market has been segmented into Online, and Offline. The online segment was expected to hold the largest market share in 2022. The online model of education consulting operates through digital platforms, providing consultation services via the Internet. An online education consulting platform serves as a website facilitating user interaction, addressing queries, and enhancing skill development. It offers guidance based on comprehensive information about services, including details about educational institutions, placement opportunities, contact information, and more.
Regional Analysis
The Global Education Consulting Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe Education Consulting Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Education Consulting Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Education Consulting Market comprises of Middle East, Africa, and Latin America.
The largest market share for the Education Consulting Market was maintained by the North American regional sector. North America exhibits a substantial demand for higher education, propelled by the aspiration for advanced degrees and specialized skills to enhance career prospects. As of spring 2023, approximately 16.9 million students were enrolled in degree-granting colleges and universities in the U.S. In 2021, 38.1% of the entire 18-24-year-old demographic were engaged in postsecondary programs. This demand underscores the necessity for education consulting services, addressing the need for strategic guidance in selecting appropriate courses, institutions, and career pathways.
Moreover, the Europe market has been persistently growing over the forecast period. Europe boasts a varied and thriving education landscape characterized by numerous universities, colleges, and specialized institutions offering an extensive array of courses. As of 2022, 23.3% of individuals aged 25-74 years in the EU possessed a low educational attainment level. Concurrently, 44.8% had a medium educational attainment level, further subdivided into 9.6% with a general education and 35.2% with vocational education. Additionally, 31.8% had attained a high educational level, namely tertiary education. The abundant diversity in educational offerings underscores the necessity for consulting services, aiding students in effectively navigating the multitude of available options.
The Asia Pacific region has experienced a notable surge in the demand for higher education, propelled by a growing population, heightened aspirations within the expanding middle class, and the increasing need for specialized skills in the job market. As of the conclusion of 2022, China alone boasted 3,097,500 graduate students, 19,656,400 undergraduate students, and 16,709,000 vocational college students. These figures represented 7.9%, 49.8%, and 42.3% of the total student population, respectively, depicting a distinctive "olive-type" structure characterized by a substantial middle segment and two smaller ends. This structure notably differs from the "pyramid" model observed in international higher education systems
Furthermore, the rest of the world's Education Consulting Market is divided into the Middle East, Africa, and Latin America. There is a growing demand for quality education in the Middle East, driven by a young and expanding population. Education consulting services can assist in navigating the diverse educational landscape in the region.
Key Findings of the Study
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The Global Education Consulting Market is expected to reach USD 4.05 billion by 2032, at a CAGR of 4.20% during the forecast period.
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The Asia-Pacific region accounted for the fastest-growing global market because There is an increasing trend of students seeking education opportunities outside their home countries. Many students from Asia Pacific countries choose to study abroad, and education consultants play a crucial role in guiding them through the complex process of international admissions.
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Based on platform, the online segment was attributed to holding the largest market in 2022, with an approximate market share of 55–60%.
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Anglia Education Consulting Ltd., Broils Consulting Group LLC, ClearView Consulting Co., Colton Strawser Consulting LLC, Credo, Edmentum Inc., Education Consulting Services LLC, Education Elements Inc., Education Counsel LLC, ELITE SCHOLARS OF CHINA, Generation Ready Inc., Global Education Ltd., Innovatech Solutions Inc., Insight Education Group Inc., Jinan Overseas
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Report details
| Companies Covered | 15 |
| Pages | 100 |
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