UK Education Market Size, Trends and Insights By Component (Solutions, Services), By Type (Pre-K, K-12, Higher Education, Corporate), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032
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The UK Education Market was estimated at USD 280 billion in 2022 and is anticipated to reach around USD 510 billion by 2032, growing at a CAGR of roughly 15% between 2023 and 2032.
CMI research report offers a 360-degree view of the UK Education market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the UK Education market.
- Early years, primary, secondary, further education and higher education are the five phases of education in the UK. As of July 2023, there were 32,163 schools, colleges, and universities across the UK. It comprises different types of schools, including Independent Schools, Academy Schools, Locally Authority Maintained Schools, and Special Schools. Further, there were over 20,000 Primary Schools across the nation, which children attend from age 4. Also, the country had 4,190 Secondary Schools, with children aged 11 to 16, 9,202 Academy Schools, and 1,341 Multi-Academy Trusts. Also, 2,453 Independent Schools and 1,802 Special Schools were located across the UK.
- A market of employers seeking standardization to a high level of quality in providing the necessary training for its employees has made the education and vocational training sector the main target for consolidation. A chance to further digitize the service offering, streamline internal processes and provide cost-saving efficiency also lends support to this.
- As per the Department of International Trade, the thriving UK education sector exported £23.3 billion in 2018, and the government is working with the industry to increase that amount to £35 billion annually by the end of the decade. These new initiatives include a new Export Academy, financial support, a variety of missions, “meet the buyer” events, and webinars.
- In the UK, there are about 1,000 EdTech companies offering a wide range of innovative, cutting-edge solutions that make it simpler for students to study remotely and have access to creative, interactive learning.
- The UK education budget for 2023–2023 is £99.8 billion. Since the previous budget, additional funding has been granted to schools across the UK, totalling £55 billion.
- During the COVID-19 outbreak, the transition to remote learning was one of the biggest transformations for the industry. All students were informed that they would need to learn remotely and would no longer be required to attend school or university in person, in addition to the working-from-home advice initially provided by the government in March 2020. In addition to being difficult for the kids, this required teachers and university professors to adjust to a different manner of functioning. Students could not establish and grow the personal relationships they would have normally had with their teachers and fellow students if they were in the classroom at their schools and their universities. Because of this, around 70% of college students claim that COVID-19 has negatively impacted them.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
UK Education Market
CAGR 15% (Approx)
US$ 510 billion by 2032
US$ 3.2 Trillion by 2030
USD 324 Billion by 2030
The study’s focus is on UK Education market analysis on a global scale, and market sizing includes the income generated by these solutions provided by different market players. In order to support the market projections and growth rates over the anticipated period of 2023-2032, the study additionally monitors important market factors, underlying growth influencers, and significant vendors active in the sector.
The study also examines how COVID-19 has affected the ecology generally. The scope of the study includes market sizing and forecast for segmentation by component and type.
|Feature of the Report||Details|
|Market Size in 2023||USD 303 Billion|
|Projected Market Size in 2032||USD 510 Billion|
|Market Size in 2022||USD 280 Billion|
|CAGR Growth Rate||15% CAGR|
|Key Segment||By Component, Type, and Region|
|Report Coverage||Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends|
|Regional Scope||North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America|
|Buying Options||Request tailored purchasing options to fulfil your requirements for research.|
Key Market Dynamics
- According to The Institute for Fiscal Studies, UK, prior to the epidemic, the UK spent a total of £104 billion on education or 4.4% of its 2019–2020 national revenue (including the likely cost of issuing student loans). This is 8% less than in 2010–2011 when it made up 5.6% of the country’s gross domestic product.
- Prior to the financial crisis, less than 5% of the country’s income was spent on education. In 2019–2020, it would have been £16 billion higher if it had stayed at this level.
- Spending on education increased by 3% in real terms in the most recent year (2020–2022), which is partially attributable to temporary higher levels of assistance during the epidemic.
- In 2020 and 2022, the government increased its £700 million funding for colleges and sixth forms. However, the tremendous increase in student enrollment has undermined much of this. With an additional 10% growth predicted between 2022 and 2024, this growth in student enrollment poses a significant challenge for colleges and sixth forms. The overall amount spent on education for students aged 16 to 18 is anticipated to grow by 6% between 2022–22.
- More than 453,000 students from 225 countries and territories studied at 156 UK institutions in 2019–2020, according to The Scale of UK Higher Education Transnational Education 2019–2020. This represents an increase of about 11% year over year in the year before the outbreak.
- The UK has always been a pioneer in providing transnational education (TNE), which includes cooperative programs that are partially or entirely provided abroad. Its institutions have increased TNE activities in the past few years. The difficulties posed by COVID travel limitations are, unsurprisingly, a driving force behind this growth. The epidemic has highlighted how vital it is to discover means of offering education to a huge audience of pupils who are unable or unwilling to study overseas but interested in credentials from a foreign university. This is true for UK institutions and those in other countries.
- The above-mentioned figures signify that the UK education market is expected to witness significant growth during 2023-2032.
The Educational Services Segment is anticipated to witness a high UK Education Market
- Gamification techniques are being used in educational services to improve student learning. Gamification is the idea of using game design thinking to improve the enjoyment and engagement of various educational assignments.
- Gamification is fostering a comprehensive learning environment in educational services that raises students’ engagement, motivation, and critical thinking abilities.
- Many people think that the trend of using tablets and laptops in schools as part of the curriculum will only continue to spread. According to several studies, utilizing technology in the classroom can improve students’ learning outcomes. For instance, a researcher discovered that when students were given iPads to use in class, their test scores improved, and their attendance increased. Teachers and students alike embrace this trend since it provides a more participatory and captivating learning method.
Our market analysis includes a section specifically devoted to key players operating in the UK Education market. Our analysts give an overview of each player’s financial statements, along with product benchmarking and SWOT analysis. The competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of the mentioned competitors globally.
- 2023: A strategic alliance between New Era Education, New Giza Development, and Bloom UAE was announced today in order to bring one of the top schools in the United Kingdom (UK) to Cairo. One of the most prestigious and illustrious institutions in the UK, Uppingham School, will open Uppingham Cairo, a K–12 coeducational school, in September 2024.
List of the prominent players in the UK Education market:
- Dell Technologies
- Blackboard Inc.
The UK Education market is segmented as follows:
- Higher Education
On the basis of Europe Geography
- Northern Europe
- Southern Europe
- Central Europe
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 UK Education Market, (2023 – 2032) (USD Billion)
- 2.2 UK Education Market : snapshot
- Chapter 3. UK Education Market – Industry Analysis
- 3.1 UK Education Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Learning process enhancements in the academic sector
- 3.2.2 Increase in adoption of microlearning.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porterâ€™s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Component
- 3.7.2 Market attractiveness analysis By Type
- Chapter 4. UK Education Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 UK Education Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. UK Education Market – Component Analysis
- 5.1 UK Education Market overview: By Component
- 5.1.1 UK Education Market share, By Component, 2022 and 2032
- 5.2 Solutions
- 5.2.1 UK Education Market by Solutions, 2023 – 2032 (USD Billion)
- 5.3 Services
- 5.3.1 UK Education Market by Services, 2023 – 2032 (USD Billion)
- 5.1 UK Education Market overview: By Component
- Chapter 6. UK Education Market – Type Analysis
- 6.1 UK Education Market overview: By Type
- 6.1.1 UK Education Market share, By Type, 2022 and 2032
- 6.2 Pre-K
- 6.2.1 UK Education Market by Pre-K, 2023 – 2032 (USD Billion)
- 6.3 K-12
- 6.3.1 UK Education Market by K-12, 2023 – 2032 (USD Billion)
- 6.4 Higher Education
- 6.4.1 UK Education Market by Higher Education, 2023 – 2032 (USD Billion)
- 6.5 Corporate
- 6.5.1 UK Education Market by Corporate, 2023 – 2032 (USD Billion)
- 6.1 UK Education Market overview: By Type
- Chapter 7. UK Education Market – Regional Analysis
- 7.1 UK Education Market Regional Overview
- 7.2 UK Education Market Share, by Region, 2022 & 2032 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Oracle
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 SAP
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Dell Technologies
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Xerox
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Blackboard Inc.
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 VMware
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 ServiceNow
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Others
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.1 Oracle
List Of Figures
Figures No 1 to 15
List Of Tables
Tables No 1 to 2
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
|Perspective||Primary research||Secondary research|
Market Analysis Matrix
|Qualitative analysis||Quantitative analysis|
The key factors driving the market Learning process enhancements in the academic sector and Increase in adoption of microlearning.
The key players operating in the UK Education market are Oracle, SAP, Dell Technologies, Xerox, Blackboard Inc., VMware, ServiceNow, Others.
The UK Education market is expanding growth with a CAGR of approximately 15% during the forecast period (2023 to 2032).
The UK Education market size was valued at USD 280 Billion in 2022 and it is projected to reach around USD 510 Billion by 2032.