The global government education market size is anticipated to reach USD 1.76 trillion by 2030 and is anticipated to expand at a CAGR of 17.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Governments worldwide are investing in digital infrastructure, EdTech solutions, and e-learning platforms to enhance the delivery of educational content, facilitate remote learning, and train students for a tech-driven future. The increasing adoption of technology in education, population growth, urbanization, and demographic shifts are the major factors contributing to the growth of the market. Government policies in the education sector encompass a wide range of elements, ranging from curriculum creation and assessment methods to teacher training and infrastructure development. Furthemore, Public-private partnerships (PPPs) act as a compelling force in the market for government education by facilitating collaboration between government entities and private organizations.Get deeper insights, latest developments & key market drivers in the Global Government Education Market
Report Highlights
• The K12 segment led the market and accounted for 39.5% of the global revenue in 2023 attributed to the growing trend of game-based learning in the K-12 sector
• The preschool segment is expected to register the fastest CAGR during the forecast period. The emphasis on providing a strong foundation for children's mental and social development has led to heightened support and funding for preschool education
• The online segment accounted for the largest market revenue share in 2023, owing to the growing demand for remote learning solutions worldwide
• North America dominated the market and accounted for a 36.1% share in 2023. This high share can be attributed to the large number of investments from venture capitalists and private-equity investors in the EdTech sector in the U.S.
Key Companies & Market Share Insights
Some of the key players operating in the market include NIIT Limited.; Heidelberg University; and EducationUSA. Duolingo; Educart.co; and The National Skill Development Corporation (NSDC) are some of the emerging market participants in the government education market.
Recent Developments
• In November 2023, Salesforce, Inc., an American cloud-based software company, announced its collaboration with the Ministry of Education to provide Salesforce skills training to one lakh students in India over the next three years. The program will deliver industry-relevant course content recognized by the National Occupation Standard. Additionally, it will incorporate "train-the-trainer" sessions for mentorship and educator opportunities and facilitate employment connections with Salesforce partners and customers seeking to recruit skilled talent.
• In September 2023, a collaborative initiative titled "Education to Entrepreneurship: Empowering Students, Educators, and Entrepreneurs" was introduced jointly by the Ministry of Education, the Ministry of Skill Development & Entrepreneurship, and Meta, an American multinational technology conglomerate. This initiative is designed to foster the journey from education to entrepreneurship.
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