Education, Technology (EdTech), Schools & Learning Industry Market Research

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Education, Education Technology & MOOCs OVERVIEW


     Education, both at higher and lower levels, is one of the largest activities in the world (in terms of employees, expenditures and consumers—that is, students).
     However, somewhat similar to the health care sector, education's expenditures, quality of output and ultimate results vary wildly from nation to nation, and from place to place within nations.
    In total, global public and private spending on education (K-12 through higher education) is equal to about 6% of GDP, or $4.8 trillion for 2017.
     On a worldwide basis, this makes the education sector a bit smaller than the health care sector.
     These numbers are Plunkett Research estimates.
    Globally, the UN counted 1.33 billion students in grades K-12 during 2016 (the latest year available).
     This amounted to an 89.5% enrollment rate (of potential students) in primary schools and 65.6% in secondary schools.
      The UN also counted 215.7 million students in higher education worldwide.
    Meanwhile, the global education market also serves both working adults (corporate training and worker certification) and adults seeking learning for personal, casual or recreational purposes.
     Many working adults also return to universities in order to continue or expand their educations, often with an interest in changing their careers.
     Corporate training and education was a $73.4 billion market in the U.S.
    in 2017, and a $160 billion global market, according to Plunkett Research estimates.
    Colleges and Universities: 

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