The Elementary And Secondary Schools Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Elementary And Secondary Schools Global Market Report 2024, The elementary and secondary schools market size has grown strongly in recent years. It will grow from $1620.94 billion in 2023 to $1769.82 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to population growth, government funding, education policies, parental involvement, community development.
The elementary and secondary schools market size is expected to see strong growth in the next few years. It will grow to $2483.77 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to inclusive education practices, infrastructure upgrades, global competency emphasis, public-private partnerships, teacher professional development. Major trends in the forecast period include education technology innovation, digital learning platforms, technological integration, personalized learning approaches, focus on steam education.
An increase in spending on education is expected to propel the growth of the elementary and secondary schools market. Spending on education refers to the expenses of the various activities of schools. The higher spending also leads to higher revenues for the schools. For Instance, according to the 2022 report, Annual Survey of School System Finances by the U.S. Census Bureau, an agency of the government of the US aimed to collect accurate information about the country’s population and economy, total revenue for public school systems increased to $584.9 billion in FY 2020, from $572.5 billion in FY 2019. Total expenditure by these reporting areas grew to $586.4 billion in FY 2020, an increase from $571.8 billion in FY 2019. Therefore, the increase in spending on education is driving the growth of the elementary and secondary schools market going forward.
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The elementary and secondary schools market covered in this report is segmented –
1) By Type: Primary School, Middle School, Secondary School
2) By Type of Expenditure: Public, Private
3) By Ownership: Government, Local Body, Other Ownerships
4) By Fee Structure: Low-Income, Medium-Income, High-Income
Major companies operating in elementary and secondary schools are innovating smart artificial intelligence training programs, to enhance thier market position. Artificial Intelligence (AI) training programs are courses and certifications that teach the fundamentals and applications of AI and machine learning (ML). For instance, in May 2023, Flatiron School, a US-based educational organization, launched artificial intelligence training programs. Artificial intelligence (AI) training programs aim to provide workforces with the knowledge and skills needed to harness strong, developing AI capabilities. The programs are completely instructor-led and include subjects such as machine learning, natural language processing (NLP), and data science.
The elementary and secondary schools market report table of contents includes:
1. Executive Summary
2. Elementary And Secondary Schools Market Characteristics
3. Elementary And Secondary Schools Market Trends And Strategies
4. Elementary And Secondary Schools Market Size And Growth
5. Elementary And Secondary Schools Market Segmentation
…..
26. Elementary And Secondary Schools Market Regional And Country Analysis
27. Elementary And Secondary Schools Market Competitive Landscape And Company Profiles
28. Elementary And Secondary Schools Market Key Mergers And Acquisitions
29. Elementary And Secondary Schools Market Future Outlook and Potential Analysis
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