Colleges, Universities, And Professional Schools Global Market Report 2021: COVID-19 Impact And Recovery To 2031

The Business Research Company’s Colleges, Universities, And Professional Schools Global Market Report 2021: COVID-19 Impact and Recovery to 2031

LONDON, GREATER LONDON, UK, January 5, 2021 /EINPresswire.com/ -- New year, new updates! Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reports

Top universities based in the US and Europe are setting up branch campuses or collaborating with the local institutions in the emerging markets especially in Asia and the Middle East. This phenomenon is being driven by high demand for courses from these countries due to the quality of education these colleges and universities offer. According to the Cross-Border Education Research Team(C-Bert), agency that provides information on colleges and universities with a multi-national, there are about 247 international branch campuses around the world. For instance, University of Nottingham has set up two branch campuses one in Malaysia which has over 4,500 students and the other in China which has over 7,000 students. Major players according to higher education industry analysis are the University of California System, University of Michigan, Texas A&M University, Columbia University, and Harvard University.

The global colleges, universities, and professional schools market is expected to grow from $1.18 trillion in 2020 to $1.25 trillion in 2021 at a compound annual growth rate (CAGR) of 5.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The higher education market size is expected to reach $1.68 trillion in 2025 at a CAGR of 8%.
Asia Pacific had the largest universities and college market share, accounting for 30% of the market in 2020. Western Europe was the second largest region, accounting for 30% of the global colleges, universities, and professional school market. The Middle East was the smallest region in the professional education market.

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