Product Code: GVR-4-68039-989-8
Technical And Vocational Education Market Growth & Trends:
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.
Technical And Vocational Education Market Report Highlights:
- The academic institutions & individual end-user segments dominated the industry in 2021. Pursuing these courses during academic education by students and individuals gives them an added advantage in procuring better job opportunities and salaries
- Europe accounted for the largest share in 2021. European technical and vocational systems are supported by a strong network of collaborators in the field of vocational education
- Social partners, including businesses and labor unions, are involved in the governance of these networks through a variety of chambers, committees, and councils
- Asia Pacific is expected to register the fastest CAGR over the forecast period owing to the rapid economic development as a result of the rising focus on bridging the skilled labor supply and demand gap
- Various initiatives have been started to support vocational and technical education, enhance disposable income, and expand industry potential for companies in the region
- For instance, in India, the Ministry of Skill Development and Entrepreneurship has come up with various schemes and initiatives to boost the skills that are mutually recognized and have importance in the future skillset required for work
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope and Assumptions
- 1.3 List of Data Sources
- 1.4 Market Segmentation and Scope
Chapter 2 Executive Summary
- 2.1 Technical and Vocational Education Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
- 2.2 Global Technical and Vocational Education Market, 2017 - 2030
- 2.2.1 Global technical and vocational education market, by region, 2017 - 2030
- 2.2.2 Global technical and vocational education market, by course type, 2017 - 2030
- 2.2.3 Global technical and vocational education market, by end-user, 2017 - 2030
- 2.2.4 Global technical and vocational education market, by learning mode, 2017 - 2030
- 2.2.5 Global technical and vocational education market, by organization, 2017 - 2030
Chapter 3 Technical and Vocational Education Industry Outlook
- 3.1 Market Lineage Outlook
- 3.1.1 Parent market outlook
- 3.2 Market Size, Penetration, and Growth Prospect Mapping
- 3.3 Regulatory Scenario
- 3.4 Technical and Vocational Education Market - Market Dynamics
- 3.4.1 Market driver analysis
- 3.4.1.1 Increased technological advancements in technical and vocational education
- 3.4.1.2 Ease of accessibility in technical and vocational education
- 3.4.1.3 Increased use of AI-based education
- 3.4.2 Market challenge analysis
- 3.4.2.1 Lack of awareness regarding technical and vocational education
- 3.4.2.2 Lack of infrastructure in technical and vocational education
- 3.4.3 Market opportunity analysis
- 3.4.3.1 Growing potential in technology to boost workforce and technical and vocational education
- 3.5 Technical and Vocational Education Market - PESTEL Analysis
- 3.6 Technical and Vocational Education Market - Porter's Five Forces Analysis
- 3.7 Technical and Vocational Education Market COVID-19 Impact Analysis
Chapter 4 Technical and Vocational Education Course Type Outlook
- 4.1 Technical and Vocational Education Market Share By Course Type, 2021
- 4.2 STEM Education
- 4.2.1 Technical and vocational education market, by STEM education, 2017 - 2030
- 4.3 Non-STEM Education
- 4.3.1 Technical and vocational education market, by non-STEM education, 2017 - 2030
Chapter 5 Technical and Vocational Education End-user Outlook
- 5.1 Technical and Vocational Education Market Share By End-user, 2021
- 5.2 Academic Institutions & Individuals
- 5.2.1 Technical and vocational education market, by academic institutions & individuals, 2017 - 2030
- 5.3 Corporate Workers
- 5.3.1 Technical and vocational education market, by corporate workers, 2017 - 2030
Chapter 6 Technical and Vocational Education Learning Mode Outlook
- 6.1 Technical and Vocational Education Market Share By Learning Mode, 2021
- 6.2 Online Mode
- 6.2.1 Technical and vocational education online mode market, 2017 - 2030
- 6.3 Offline Mode
- 6.3.1 Technical and vocational education offline mode market, 2017 - 2030
Chapter 7 Technical and Vocational Education Organization Outlook
- 7.1 Technical and Vocational Education Market Share By Organization, 2021
- 7.2 Public Institutions
- 7.2.1 Technical and vocational education market, by public institutions, 2017 - 2030
- 7.3 Private Institutions
- 7.3.1 Technical and vocational education market, by private institutions, 2017 - 2030
Chapter 8 Technical and Vocational Education Regional Outlook
- 8.1 Technical and Vocational Education market share by region 2021
- 8.2 North America
- 8.2.1 North America technical and vocational education market, 2017 - 2030
- 8.2.2 North America technical and vocational education market, by course type, 2017 - 2030
- 8.2.3 North America technical and vocational education market, by end-user, 2017 - 2030
- 8.2.4 North America technical and vocational education market, by learning mode, 2017 - 2030
- 8.2.5 North America technical and vocational education market, by organization, 2017 - 2030
- 8.2.6 U.S.
- 8.2.6.1 U.S. technical and vocational education market, 2017 - 2030
- 8.2.6.2 U.S. technical and vocational education market, by course type, 2017 - 2030
- 8.2.6.3 U.S. technical and vocational education market, by end-user, 2017 - 2030
- 8.2.6.4 U.S. technical and vocational education market, by learning mode, 2017 - 2030
- 8.2.6.5 U.S. technical and vocational education market, by organization, 2017 - 2030
- 8.2.6.6 U.S. technical and vocational education market, by end-use, 2017 - 2030
- 8.2.7 Canada
- 8.2.7.1 Canada technical and vocational education market, 2017 - 2030
- 8.2.7.2 Canada technical and vocational education market, by course type, 2017 - 2030
- 8.2.7.3 Canada technical and vocational education market, by end-user, 2017 - 2030
- 8.2.7.4 Canada technical and vocational education market, by learning mode, 2017 - 2030
- 8.2.7.5 Canada technical and vocational education market, by organization, 2017 - 2030
- 8.3 Europe
- 8.3.1 Europe technical and vocational education market, 2017 - 2030
- 8.3.2 Europe technical and vocational education market, by course type, 2017 - 2030
- 8.3.3 Europe technical and vocational education market, by end-user, 2017 - 2030
- 8.3.4 Europe technical and vocational education market, by learning mode, 2017 - 2030
- 8.3.5 Europe technical and vocational education market, by organization, 2017 - 2030
- 8.3.6 U.K.
- 8.3.6.1 U.K. technical and vocational education market, 2017 - 2030
- 8.3.6.2 U.K. technical and vocational education market, by course type, 2017 - 2030
- 8.3.6.3 U.K. technical and vocational education market, by end-user, 2017 - 2030
- 8.3.6.4 U.K. technical and vocational education market, by learning mode, 2017 - 2030
- 8.3.6.5 U.K. technical and vocational education market, by organization, 2017 - 2030
- 8.3.7 Germany
- 8.3.7.1 Germany technical and vocational education market, 2017 - 2030
- 8.3.7.2 Germany technical and vocational education market, by course type, 2017 - 2030
- 8.3.7.3 Germany technical and vocational education market, by end-user, 2017 - 2030
- 8.3.7.4 Germany technical and vocational education market, by learning mode, 2017 - 2030
- 8.3.7.5 Germany technical and vocational education market, by organizaion, 2017 - 2030
- 8.3.8 France
- 8.3.8.1 France technical and vocational education market, 2017 - 2030
- 8.3.8.2 France technical and vocational education market, by course type, 2017 - 2030
- 8.3.8.3 France technical and vocational education market, by end-user, 2017 - 2030
- 8.3.8.4 France technical and vocational education market, by learning mode, 2017 - 2030
- 8.3.8.5 France technical and vocational education market, by organization, 2017 - 2030
- 8.3.9 Spain
- 8.3.9.1 Spain technical and vocational education market, 2017 - 2030
- 8.3.9.2 Spain technical and vocational education market, by course type, 2017 - 2030
- 8.3.9.3 Spain technical and vocational education market, by end-user, 2017 - 2030
- 8.3.9.4 Spain technical and vocational education market, by learning mode, 2017 - 2030
- 8.3.9.5 Spain technical and vocational education market, by organization, 2017 - 2030
- 8.3.10 Italy
- 8.3.10.1 Italy technical and vocational education market, 2017 - 2030
- 8.3.10.2 Italy technical and vocational education market, by course type, 2017 - 2030
- 8.3.10.3 Italy technical and vocational education market, by end-user, 2017 - 2030
- 8.3.10.4 Italy technical and vocational education market, by learning mode, 2017 - 2030
- 8.3.10.5 Italy technical and vocational education market, by organization, 2017 - 2030
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific technical and vocational education market, 2017 - 2030
- 8.4.2 Asia Pacific technical and vocational education market, by course type, 2017 - 2030
- 8.4.3 Asia Pacific technical and vocational education market, by end-user, 2017 - 2030
- 8.4.4 Asia Pacific technical and vocational education market, by learning mode, 2017 - 2030
- 8.4.5 Asia Pacific technical and vocational education market, by organization, 2017 - 2030
- 8.4.6 China
- 8.4.6.1 China technical and vocational education market, 2017 - 2030
- 8.4.6.2 China technical and vocational education market, by course type, 2017 - 2030
- 8.4.6.3 China technical and vocational education market, by end-user, 2017 - 2030
- 8.4.6.4 China technical and vocational education market, by learning mode, 2017 - 2030
- 8.4.6.5 China technical and vocational education market, by organization, 2017 - 2030
- 8.4.7 Japan
- 8.4.7.1 Japan technical and vocational education market, 2017 - 2030
- 8.4.7.2 Japan technical and vocational education market, by course type, 2017 - 2030
- 8.4.7.3 Japan technical and vocational education market, by end-user, 2017 - 2030
- 8.4.7.4 Japan technical and vocational education market, by learning mode, 2017 - 2030
- 8.4.7.5 Japan technical and vocational education market, by organization, 2017 - 2030
- 8.4.8 India
- 8.4.8.1 India technical and vocational education market, 2017 - 2030
- 8.4.8.2 India technical and vocational education market, by course type, 2017 - 2030
- 8.4.8.3 India technical and vocational education market, by end-user, 2017 - 2030
- 8.4.8.4 India technical and vocational education market, by learning mode, 2017 - 2030
- 8.4.8.5 India technical and vocational education market, by organization, 2017 - 2030
- 8.4.9 South Korea
- 8.4.9.1 South Korea technical and vocational education market, 2017 - 2030
- 8.4.9.2 South Korea technical and vocational education market, by course type, 2017 - 2030
- 8.4.9.3 South Korea technical and vocational education market, by end-user, 2017 - 2030
- 8.4.9.4 South Korea technical and vocational education market, by learning mode, 2017 - 2030
- 8.4.9.5 South Korea technical and vocational education market, by organization, 2017 - 2030
- 8.4.10 Australia
- 8.4.10.1 Australia technical and vocational education market, 2017 - 2030
- 8.4.10.2 Australia technical and vocational education market, by course type, 2017 - 2030
- 8.4.10.3 Australia technical and vocational education market, by end-user, 2017 - 2030
- 8.4.10.4 Australia technical and vocational education market, by learning mode, 2017 - 2030
- 8.4.10.5 Australia technical and vocational education market, by organization, 2017 - 2030
- 8.5 Latin America
- 8.5.1 Latin America technical and vocational education market, 2017 - 2030
- 8.5.2 Latin America technical and vocational education market, by course type, 2017 - 2030
- 8.5.3 Latin America technical and vocational education market, by end-user, 2017 - 2030
- 8.5.4 Latin America technical and vocational education market, by learning mode, 2017 - 2030
- 8.5.5 Latin America technical and vocational education market, by organization, 2017 - 2030
- 8.5.6 Brazil
- 8.5.6.1 Brazil technical and vocational education market, 2017 - 2030
- 8.5.6.2 Brazil technical and vocational education market, by course type, 2017 - 2030
- 8.5.6.3 Brazil technical and vocational education market, by end-user, 2017 - 2030
- 8.5.6.4 Brazil technical and vocational education market, by learning mode, 2017 - 2030
- 8.5.6.5 Brazil technical and vocational education market, by organization, 2017 - 2030
- 8.5.7 Mexico
- 8.5.7.1 Mexico technical and vocational education market, 2017 - 2030
- 8.5.7.2 Mexico technical and vocational education market, by course type, 2017 - 2030
- 8.5.7.3 Mexico technical and vocational education market, by end-user, 2017 - 2030
- 8.5.7.4 Mexico technical and vocational education market, by learning mode, 2017 - 2030
- 8.5.7.5 Mexico technical and vocational education market, by organization, 2017 - 2030
- 8.6 MEA
- 8.6.1 MEA technical and vocational education market, 2017 - 2030
- 8.6.2 MEA technical and vocational education market, by course type, 2017 - 2030
- 8.6.3 MEA technical and vocational education market, by end-user, 2017 - 2030
- 8.6.4 MEA technical and vocational education market, by learning mode, 2017 - 2030
- 8.6.5 MEA technical and vocational education market, by organization, 2017 - 2030
- 8.6.6 Turkey
- 8.6.6.1 Turkey technical and vocational education market, 2017 - 2030
- 8.6.6.2 Turkey technical and vocational education market, by course type, 2017 - 2030
- 8.6.6.3 Turkey technical and vocational education market, by end-user, 2017 - 2030
- 8.6.6.4 Turkey technical and vocational education market, by learning mode, 2017 - 2030
- 8.6.6.5 Turkey technical and vocational education market, by organization, 2017 - 2030
- 8.6.7 Saudi Arabia
- 8.6.7.1 Saudi Arabia technical and vocational education market, 2017 - 2030
- 8.6.7.2 Saudi Arabia technical and vocational education market, by course type, 2017 - 2030
- 8.6.7.3 Saudi Arabia technical and vocational education market, by end-user, 2017 - 2030
- 8.6.7.4 Saudi Arabia technical and vocational education market, by learning mode, 2017 - 2030
- 8.6.7.5 Saudi Arabia technical and vocational education market, by organization, 2017 - 2030
- 8.6.8 UAE
- 8.6.8.1 UAE technical and vocational education market, 2017 - 2030
- 8.6.8.2 UAE technical and vocational education market, by course type, 2017 - 2030
- 8.6.8.3 UAE technical and vocational education market, by end-user, 2017 - 2030
- 8.6.8.4 UAE technical and vocational education market, by learning mode, 2017 - 2030
- 8.6.8.5 UAE technical and vocational education market, by organization, 2017 - 2030
Chapter 9 Competitive Analysis
- 9.1 Company Market Share Analysis, 2021
- 9.2 Recent Developments & Impact Analysis, By Key Market Participants
- 9.3 Vendor Landscape
- 9.4 Strategic Initiatives
Chapter 10 Competitive Landscape
- 10.1 Adobe Inc.
- 10.1.1 Company overview
- 10.1.2 Product benchmarking
- 10.1.3 Strategic initiatives
- 10.2 Articulate Global LLC
- 10.2.1 Company overview
- 10.2.2 Financial performance
- 10.2.3 Product benchmarking
- 10.2.4 Strategic initiatives
- 10.3 City & Guilds Group
- 10.3.1 Company overview
- 10.3.2 Product benchmarking
- 10.3.3 Strategic initiatives
- 10.4 TUV Rheinland
- 10.4.1 Company overview
- 10.4.2 Financial performance
- 10.4.3 Product benchmarking
- 10.4.4 Strategic initiatives.
- 10.5 Babcock International Group PLC
- 10.5.1 Company overview
- 10.5.2 Financial performance
- 10.5.3 Product benchmarking.
- 10.5.4 Strategic initiatives.
- 10.6 IBM
- 10.6.1 Company overview
- 10.6.2 Financial performance
- 10.6.3 Product benchmarking.
- 10.6.4 Strategic initiatives
- 10.7 Pitman Training Group Ltd.
- 10.7.1 Company overview
- 10.7.2 Financial performance
- 10.7.3 Product benchmarking.
- 10.7.4 Strategic initiatives.
- 10.8 CEGOS
- 10.8.1 Company overview
- 10.8.2 Financial performance
- 10.8.3 Product benchmarking.
- 10.8.4 Strategic initiatives.
- 10.9 learndirect
- 10.9.1 Company overview
- 10.9.2 Financial performance
- 10.9.3 Product benchmarking.
- 10.9.4 Strategic initiatives.
- 10.10 The Center for Professional Advancement (CfPA)
- 10.10.1 Company overview
- 10.10.2 Financial performance
- 10.10.3 Product benchmarking
- 10.10.4 Strategic initiatives.
Chapter 11 KOL Commentary
- 11.1 KoL Commentary Analysis, 2021