Market for university education grows at double-digit rates each year

market growthDublin (Ireland) | Universities worldwide are increasingly becoming service providers for various vocational and in-company education and training formats. According to the analysis “Global Higher Education Market 2020-2024” by Irish market researchers, Research and Markets, the associated market will grow by an average of 12% per year in the forecast period 2020 to 2024. According to the analyst, this will be accompanied by total growth of USD 37.82 billion.

In comparison, the Indian analyst Premium Market Insights is somewhat less optimistic about the market’s growth prospects and assumes an average annual growth rate of 11.2% in the forecast period 2017 to 2026. Yet, how the market will continue to develop will only become clear in the future. Ultimately, it will not be possible to predict how the corona pandemic will affect sales in the market in the medium to long term. In the short term, however, positive market prospects are likely to exist, which should be exploited.

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