The Business Research Company’s latest report Educational Services Global Market Report 2020 covers Educational Services market drivers, Educational Services market trends, Educational Services market segments, Educational Services market growth rate, Educational Services market major players, and Educational Services market size. The report provides in-depth analysis of the impact of COVID-19 on the Educational Services industry, along with revised market numbers due to the effects of the coronavirus.
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Educational Services Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
The global educational services market is expected to grow from $3167.1 billion in 2019 to $3308.7 billion in 2020 at a compound annual growth rate (CAGR) of 4.5%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $4255.5 billion in 2023.
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The global educational services market is segmented by type into other educational services, colleges, universities, and professional schools, elementary and secondary schools, by type of expenditure into public, private, by mode into online, offline. Subsegments covered are fine arts schools, sports and recreation instruction, language schools, exam preparation and tutoring, all other miscellaneous schools and instruction, educational support services, junior colleges, higher education colleges and universities, business and secretarial schools, computer training, professional and management development training, technical and trade schools, primary school, middle school, secondary school.
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