Employment-Generating Programs Drive the Global Education Services Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on the Education Services markets. The global market for Education Services is projected to reach US$357 billion by 2018, driven by the growing demand for Education and Training Services in emerging nations.

Education Services: A Global Strategic Business Report

Follow us on LinkedIn – Education services are academic instructional services provided by public, for-profit and not-for-profit institutions, either through traditional teaching methods or over the Internet. The world market for education services is expected to make rapid progress driven largely by emerging opportunities in human resource rich developing countries like China and India. Encouraged by the rising Human Development Indicator (HDI) in these countries, demand for education and training services across various disciplines is growing. The market is significantly influenced by prevailing employment trends in both the manufacturing and tertiary sectors. Globalization of institutions and educational programs is also driving demand for superior educational facilities, services, and certification classes. Also, the promise of greater returns on higher education and additional qualifications is a major factor driving demand for education services, specifically for foreign education courses.

The current economic scenario in the world economy characterized by the debt crisis in Europe, slowing down of the BRICs, and fiscal cliff issues in the US, is creating a rich mixture of both opportunities and challenges in the market. While rising unemployment levels tend to frustrate growth, the tight economic conditions paradoxically also heighten the need for acquiring new skills. People tend to opt for upgrading their skills or obtaining additional educational qualifications in attempts to improve their employability. These efforts have also partly been supported by governments’ stimulus packages, which set aside allocations for the education sector for improving employment opportunities in distressed times. In addition, an aging global workforce is also creating opportunities for education service providers. As businesses find it increasingly difficult to find people with the right skills, there will be increased emphasis laid on developing and grooming the potential young workforce. Companies involved in providing relevant, accessible, and flexible education programs, particularly, will benefit under this scenario.

As stated by the new market research report on education services, the United States represents the single largest market worldwide. Demand for education services, such as vocational education and training, technical and online education, and language schools, is rising driven by the growing competitiveness in the labor market. Although universities have been affected by the challenging economic environment, programs with online and hybrid instruction modes are finding increased adoption among private universities and colleges across the country. Growth in developing countries like China and India, on the other hand, is driven by increasing awareness and emphasis on the importance of education. Asia-Pacific represents the fastest growing market for education services with a projected CAGR of 9.8% over the analysis period.

Major players profiled in the report include Apollo Group Inc., Cambium Learning Group Inc., Career Education Corporation, CL Educate Ltd., Daekyo Co. Ltd., DeVry Inc., Edserv Softsystems Limited, Educomp Solutions Ltd., Everonn Education Ltd., ITT Education Services Inc., Kaplan Inc., Navitas Limited, New Oriental Education & Technology Group, Pearson Plc, The Princeton Review Inc., and Tutor.com Inc.

The research report titled “Education Services: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, and Rest of Europe), Asia-Pacific, and Rest of World.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Education_Services_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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