The global U.S. Education Market size was estimated at 1.1 (USD Trillion) in 2020 and is predicted to generate revenue of about 2.3 (USD Trillion) by 2028, is set to record a CAGR of nearly 4.5% over the period from 2021 to 2028.
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The U.S. education market is a complex and diverse sector that encompasses various segments including pre-K-12 schools, higher education institutions, and vocational training centers. It is a large market, with the total spending on education estimated to be over $1.0 trillion in 2020.
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The K-12 segment, also known as primary and secondary education, is the largest segment in the market, accounting for the majority of spending. This segment includes public schools, private schools, and charter schools. The U.S. has a well-established public school system, with approximately 90% of students attending public schools.
Higher education in the U.S. is also a significant market, with over 20 million students enrolled in colleges and universities in 2020. The higher education segment is made up of two-year community colleges, four-year colleges and universities, and graduate schools. The cost of attending college in the U.S. has been a growing concern, with the average cost of tuition and fees increasing significantly in recent years.
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The U.S. Education Market is segmented as follows:
By Type
Cloud
On-Premise
By Content
Audio-Based Content
Video-Based Content
Text Content
By Smart Learning Mode
Collaborative Learning
Virtual Instructor Led Training
Simulation Based Learning
Adaptive Learning
Social Learning
Blended Learning
Webinars
By Component
Hardware
Software
Service
By End User
Higher Education Institutes
K-12
Pre-K
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#LifelongLearning
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#SkillsDevelopment
