May 2024 | Report Format: Electronic (PDF)
Government Education Market Growth & Trends
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. The increasing adoption of technology in education, population growth, urbanization, and demographic shifts are the major factors contributing to the growth of the market. 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.
Public-private partnerships (PPPs) act as a compelling force in the market for government education by facilitating collaboration between government entities and private organizations. Private organizations, such as corporations, non-profits, and educational service providers, bring specialized knowledge, additional financial investments, and innovative approaches. These collaborations aim to enhance the overall effectiveness and efficiency of educational programs and initiatives.
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. These policies are designed to create a facilitative environment that promotes good learning experiences for students. Initiatives aimed at improving access to education seek to ensure that education is available to all, irrespective of socio-economic factors or geographical location. This involves the establishment of new schools and the expansion of educational infrastructure further, propelling the market growth.
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Government Education Market Report
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.
- Market players operating in the market include NIIT Limited.; SWAYAM; EducationUSA; Heidelberg University; Humboldt University of Berlin; Queensland University of Technology; Australian Government Department of Education; Ernst & Young Global Limited; Nuri-Sejong Institute, and Info Edge (India) Limited
Government Education Market Segmentation
Grand View Research has segmented the government education market based on sector, delivery mode, and region:
Government Education Sector Outlook (Revenue, USD Million, 2017–2030)
- Preschool
- K-12
- Higher Education
- Others
Government Education Delivery Mode Outlook (Revenue, USD Million, 2017–2030)
- Online
- Offline
