Technical and Vocational Education Market Estimated To Witness Remarkable Growth Of CAGR Of 9.8% From 2022 to 2030Posted by Neha Bora on October 20th, 2023 San Francisco, 20 Oct 2023: The Report Technical And Vocational Education Market Size, Share & Trends Analysis Report By Course Type (STEM, Non-STEM), By Learning Mode (Offline, Online), By End-user, By Organization, And Segment Forecasts, 2022 - 2030 The global technical and vocational education market size is anticipated to reach USD 1.43 trillion by 2030, according to a new report by Grand View Research, Inc. The industry is expected to expand at a CAGR of 9.8% from 2022 to 2030. The increasing use of technology in education and the rising demand for job-relevant skills in various sectors are expected to propel industry growth. Technical and vocational education provides support services for the educational sectors that are both instructional and non-instructional. The widespread use of the internet has demonstrated that e-education continues to proliferate and has a lot of untapped potential that could alter the industry’s performance. The COVID-19 pandemic had a negative impact on the industry in 2020. Education providers gradually shifted to online learning and blended (online and offline) learning and training mode, which became a more efficient way of education. Advanced technology and AI-based education have played a crucial role, especially during the COVID-19 pandemic in offering services to a larger set of people due to increased accessibility worldwide. As a result, there has been a significant increase in demand for technical & vocational education during the pandemic. The STEM course type segment led the industry in 2021due to the easy availability of STEM courses. In addition, STEM courses provide skills related to technology, engineering, science, and mathematics, which result in better job opportunities. Key players are adopting strategies, such as service launches, several developments, and technological innovations. For instance, in May 2020, SAP and UNICEF partnered to develop a training program in vocational education for the young population in the world to prepare them for job-relevant skills with quality education. The partnership aimed to provide programs to the disadvantaged youth of the world and provide them with decent jobs from acquired skills. Access Research Report of Technical and Vocational Education Market @ https://www.grandviewresearch.com/industry-analysis/technical-vocational-education-market-report Technical And Vocational Education Market Report Highlights
Technical And Vocational Education Market Report Scope
List of Key Players in Technical And Vocational Education Market
Access Press Release of Technical and Vocational Education Market @ https://www.grandviewresearch.com/press-release/global-technical-vocational-education-market Like it? Share it!More by this author |