THANK YOU FOR SUBSCRIBING
× 
Education Technology Insights Weekly Brief
Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Education Technology Insights
Forecasting the Education Consulting Market
By 2027, the market for education consulting is anticipated to expand at a CAGR of 5.37 per cent.
By
Education Technology Insights | Wednesday, October 25, 2023
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
The education consulting market is expected to grow by USD 6,77,89 million at a 5.37% CAGR by 2027. Key drivers include the demand for personalised learning and technological advances in education.
FREMONT, CA: By 2027, the market for education consulting is anticipated to expand at a CAGR of 5.37 per cent. The market is expected to grow by USD 6,77,89 million in size. The expansion is dependent on a number of variables, such as the need for customised learning, awareness of the education consulting industry's importance to STEM education, and the number of students enrolled in online courses in higher education.
Key Drivers
Around the world, there is an increasing desire for personalised learning. Traditional educational approaches only allow for a limited number of knowledge sources and a one-way flow of information. However, in addition to their textbooks, students now have access to a variety of other knowledge sources, including Internet databases. As a result, they are conscious of and express a need for personalised learning experiences.
In addition, a number of industry participants in the global education space provide solutions for individualised learning. To provide tailored assessments for different students, these software solutions verify enrollment-related information and the course structure. Students with impairments are supported, and they are given the freedom to create their own questions.
Numerous universities have adopted such specialised course content as a result of the availability of such items. The rising need for customised learning brings the requirement for appropriate counselling, such as educational counselling, test preparation, planning and development, and administration. As a result, the market will expand throughout the forecast period due to the increased need for customised learning.
Key Market Trends in Education Consulting
The ever-evolving landscape of educational technologies is set to drive market growth, with technological advances reshaping their role in education. Educational institutions are adopting assessments featuring digital badges and micro-credentials offered by various vendors. These technologies promise to enhance student performance and enable teachers to monitor progress, fostering authentic outcomes that boost student engagement and in-depth learning. Moreover, the integration of these elements calls for consulting, planning, and assessment services, creating a demand for education consulting services.
Balanced assessments encompassing academic and non-academic aspects will further improve student evaluation, aligning their learning needs with available teaching resources. Consequently, the evolving role of educational technologies is poised to positively impact the global educational consulting market's growth in the foreseeable future.
Fastest Growing Segment in the Education Consulting Market
The internet segment's market share will expand significantly during the anticipated term. Online education consulting is a form of consultancy services that are provided online. An online education consulting platform is a website that encourages interaction, helps users with their questions, and helps them advance their knowledge. The information about the service, such as the name of the educational institution, placement, contact details, and others, enables them to seek help.
Digital educational consultancy services provide a user-friendly and effective virtual counselling system due to increasing Internet adoption and a rise in smartphone usage worldwide. Some of the critical reasons propelling the online platform market are the rising desire for virtual interactions and the simplicity of online information access.
As educational institutions adapt to the evolving needs of students and the demands of a rapidly changing world, the role of education consulting services continues to expand. With the education landscape transforming, the forecasted trends and dynamics of the education consulting market signify a positive outlook, emphasising the critical role these services play in shaping the future of education.
