project report on education industry

The World Bank Group is the largest financier of education in the developing world, working in 94 countries and committed to helping them reach SDG4: access to inclusive and equitable quality education and lifelong learning opportunities for all by 2030.

Education is a human right, a powerful driver of development, and one of the strongest instruments for reducing poverty and improving health, gender equality, peace, and stability. It delivers large, consistent returns in terms of income, and is the most important factor to ensure equity and inclusion.

For individuals, education promotes employment, earnings, health, and poverty reduction. Globally, there is a  9% increase in hourly earnings for every extra year of schooling . For societies, it drives long-term economic growth, spurs innovation, strengthens institutions, and fosters social cohesion. Education is further a powerful catalyst to climate action through widespread behavior change and skilling for green transitions.

Developing countries have made tremendous progress in getting children into the classroom and more children worldwide are now in school. But learning is not guaranteed, as the 2018 World Development Report (WDR) stressed.

Making smart and effective investments in people’s education is critical for developing the human capital that will end extreme poverty. At the core of this strategy is the need to tackle the learning crisis, put an end to Learning Poverty , and help youth acquire the advanced cognitive, socioemotional, technical and digital skills they need to succeed in today’s world.

In low- and middle-income countries, the share of children living in Learning Poverty (that is, the proportion of 10-year-old children that are unable to read and understand a short age-appropriate text) increased from 57% before the pandemic to an estimated 70% in 2022.

However, learning is in crisis. More than 70 million more people were pushed into poverty during the COVID pandemic, a billion children lost a year of school , and three years later the learning losses suffered have not been recouped . If a child cannot read with comprehension by age 10, they are unlikely to become fluent readers. They will fail to thrive later in school and will be unable to power their careers and economies once they leave school.

The effects of the pandemic are expected to be long-lasting. Analysis has already revealed deep losses, with international reading scores declining from 2016 to 2021 by more than a year of schooling. These losses may translate to a 0.68 percentage point in global GDP growth. The staggering effects of school closures reach beyond learning. This generation of children could lose a combined total of US$21 trillion in lifetime earnings in present value or the equivalent of 17% of today’s global GDP – a sharp rise from the 2021 estimate of a US$17 trillion loss.

Action is urgently needed now – business as usual will not suffice to heal the scars of the pandemic and will not accelerate progress enough to meet the ambitions of SDG 4. We are urging governments to implement ambitious and aggressive Learning Acceleration Programs to get children back to school, recover lost learning, and advance progress by building better, more equitable and resilient education systems.

Last Updated: Mar 25, 2024

The World Bank’s global education strategy is centered on ensuring learning happens – for everyone, everywhere. Our vision is to ensure that everyone can achieve her or his full potential with access to a quality education and lifelong learning. To reach this, we are helping countries build foundational skills like literacy, numeracy, and socioemotional skills – the building blocks for all other learning. From early childhood to tertiary education and beyond – we help children and youth acquire the skills they need to thrive in school, the labor market and throughout their lives.

Investing in the world’s most precious resource – people – is paramount to ending poverty on a livable planet. Our experience across more than 100 countries bears out this robust connection between human capital, quality of life, and economic growth: when countries strategically invest in people and the systems designed to protect and build human capital at scale, they unlock the wealth of nations and the potential of everyone.

Building on this, the World Bank supports resilient, equitable, and inclusive education systems that ensure learning happens for everyone. We do this by generating and disseminating evidence, ensuring alignment with policymaking processes, and bridging the gap between research and practice.

The World Bank is the largest source of external financing for education in developing countries, with a portfolio of about $26 billion in 94 countries including IBRD, IDA and Recipient-Executed Trust Funds. IDA operations comprise 62% of the education portfolio.

The investment in FCV settings has increased dramatically and now accounts for 26% of our portfolio.

World Bank projects reach at least 425 million students -one-third of students in low- and middle-income countries.

The World Bank’s Approach to Education

Five interrelated pillars of a well-functioning education system underpin the World Bank’s education policy approach:

Learners are prepared and motivated to learn;
Teachers are prepared, skilled, and motivated to facilitate learning and skills acquisition;
Learning resources (including education technology) are available, relevant, and used to improve teaching and learning;
Schools are safe and inclusive; and
Education Systems are well-managed, with good implementation capacity and adequate financing.

The Bank is already helping governments design and implement cost-effective programs and tools to build these pillars.

Our Principles:

We pursue systemic reform supported by political commitment to learning for all children.
We focus on equity and inclusion through a progressive path toward achieving universal access to quality education, including children and young adults in fragile or conflict affected areas , those in marginalized and rural communities, girls and women , displaced populations, students with disabilities , and other vulnerable groups.
We focus on results and use evidence to keep improving policy by using metrics to guide improvements.
We want to ensure financial commitment commensurate with what is needed to provide basic services to all.
We invest wisely in technology so that education systems embrace and learn to harness technology to support their learning objectives.

Laying the groundwork for the future

Country challenges vary, but there is a menu of options to build forward better, more resilient, and equitable education systems.

Countries are facing an education crisis that requires a two-pronged approach: first, supporting actions to recover lost time through remedial and accelerated learning; and, second, building on these investments for a more equitable, resilient, and effective system.

Recovering from the learning crisis must be a political priority, backed with adequate financing and the resolve to implement needed reforms. Domestic financing for education over the last two years has not kept pace with the need to recover and accelerate learning. Across low- and lower-middle-income countries, the average share of education in government budgets fell during the pandemic , and in 2022 it remained below 2019 levels.

The best chance for a better future is to invest in education and make sure each dollar is put toward improving learning. In a time of fiscal pressure, protecting spending that yields long-run gains – like spending on education – will maximize impact. We still need more and better funding for education. Closing the learning gap will require increasing the level, efficiency, and equity of education spending—spending smarter is an imperative.

Education technology can be a powerful tool to implement these actions by supporting teachers, children, principals, and parents; expanding accessible digital learning platforms, including radio/ TV / Online learning resources; and using data to identify and help at-risk children, personalize learning, and improve service delivery.

Looking ahead

We must seize this opportunity to reimagine education in bold ways. Together, we can build forward better more equitable, effective, and resilient education systems for the world’s children and youth.

Accelerating Improvements

Supporting countries in establishing time-bound learning targets and a focused education investment plan, outlining actions and investments geared to achieve these goals.

Launched in 2020, the Accelerator Program works with a set of countries to channel investments in education and to learn from each other. The program coordinates efforts across partners to ensure that the countries in the program show improvements in foundational skills at scale over the next three to five years. These investment plans build on the collective work of multiple partners, and leverage the latest evidence on what works, and how best to plan for implementation. Countries such as Brazil (the state of Ceará) and Kenya have achieved dramatic reductions in learning poverty over the past decade at scale, providing useful lessons, even as they seek to build on their successes and address remaining and new challenges.

Universalizing Foundational Literacy

Readying children for the future by supporting acquisition of foundational skills – which are the gateway to other skills and subjects.

The Literacy Policy Package (LPP) consists of interventions focused specifically on promoting acquisition of reading proficiency in primary school. These include assuring political and technical commitment to making all children literate; ensuring effective literacy instruction by supporting teachers; providing quality, age-appropriate books; teaching children first in the language they speak and understand best; and fostering children’s oral language abilities and love of books and reading.

Advancing skills through TVET and Tertiary

Ensuring that individuals have access to quality education and training opportunities and supporting links to employment.

Tertiary education and skills systems are a driver of major development agendas, including human capital, climate change, youth and women’s empowerment, and jobs and economic transformation. A comprehensive skill set to succeed in the 21st century labor market consists of foundational and higher order skills, socio-emotional skills, specialized skills, and digital skills. Yet most countries continue to struggle in delivering on the promise of skills development.

The World Bank is supporting countries through efforts that address key challenges including improving access and completion, adaptability, quality, relevance, and efficiency of skills development programs. Our approach is via multiple channels including projects, global goods, as well as the Tertiary Education and Skills Program . Our recent reports including Building Better Formal TVET Systems and STEERing Tertiary Education provide a way forward for how to improve these critical systems.

Addressing Climate Change

Mainstreaming climate education and investing in green skills, research and innovation, and green infrastructure to spur climate action and foster better preparedness and resilience to climate shocks.

Our approach recognizes that education is critical for achieving effective, sustained climate action. At the same time, climate change is adversely impacting education outcomes. Investments in education can play a huge role in building climate resilience and advancing climate mitigation and adaptation. Climate change education gives young people greater awareness of climate risks and more access to tools and solutions for addressing these risks and managing related shocks. Technical and vocational education and training can also accelerate a green economic transformation by fostering green skills and innovation. Greening education infrastructure can help mitigate the impact of heat, pollution, and extreme weather on learning, while helping address climate change.

Examples of this work are projects in Nigeria (life skills training for adolescent girls), Vietnam (fostering relevant scientific research) , and Bangladesh (constructing and retrofitting schools to serve as cyclone shelters).

Strengthening Measurement Systems

Enabling countries to gather and evaluate information on learning and its drivers more efficiently and effectively.

The World Bank supports initiatives to help countries effectively build and strengthen their measurement systems to facilitate evidence-based decision-making. Examples of this work include:

(1) The Global Education Policy Dashboard (GEPD) : This tool offers a strong basis for identifying priorities for investment and policy reforms that are suited to each country context by focusing on the three dimensions of practices, policies, and politics.

Highlights gaps between what the evidence suggests is effective in promoting learning and what is happening in practice in each system; and
Allows governments to track progress as they act to close the gaps.

The GEPD has been implemented in 13 education systems already – Peru, Rwanda, Jordan, Ethiopia, Madagascar, Mozambique, Islamabad, Khyber Pakhtunkhwa, Sierra Leone, Niger, Gabon, Jordan and Chad – with more expected by the end of 2024.

(2) Learning Assessment Platform (LeAP) : LeAP is a one-stop shop for knowledge, capacity-building tools, support for policy dialogue, and technical staff expertise to support student achievement measurement and national assessments for better learning.

Supporting Successful Teachers

Helping systems develop the right selection, incentives, and support to the professional development of teachers.

Currently, the World Bank Education Global Practice has over 160 active projects supporting over 18 million teachers worldwide, about a third of the teacher population in low- and middle-income countries. In 12 countries alone, these projects cover 16 million teachers, including all primary school teachers in Ethiopia and Turkey, and over 80% in Bangladesh, Pakistan, and Vietnam.

A World Bank-developed classroom observation tool, Teach, was designed to capture the quality of teaching in low- and middle-income countries. It is now 3.6 million students.

While Teach helps identify patterns in teacher performance, Coach leverages these insights to support teachers to improve their teaching practice through hands-on in-service teacher professional development (TPD).

Our recent report on Making Teacher Policy Work proposes a practical framework to uncover the black box of effective teacher policy and discusses the factors that enable their scalability and sustainability.

Supporting Education Finance Systems

Strengthening country financing systems to mobilize resources for education and make better use of their investments in education.

Our approach is to bring together multi-sectoral expertise to engage with ministries of education and finance and other stakeholders to develop and implement effective and efficient public financial management systems; build capacity to monitor and evaluate education spending, identify financing bottlenecks, and develop interventions to strengthen financing systems; build the evidence base on global spending patterns and the magnitude and causes of spending inefficiencies; and develop diagnostic tools as public goods to support country efforts.

Working in Fragile, Conflict, and Violent (FCV) Contexts

The massive and growing global challenge of having so many children living in conflict and violent situations requires a response at the same scale and scope. Our education engagement in the Fragility, Conflict and Violence (FCV) context, which stands at US$5.35 billion, has grown rapidly in recent years, reflecting the ever-increasing importance of the FCV agenda in education. Indeed, these projects now account for more than 25% of the World Bank education portfolio.

Education is crucial to minimizing the effects of fragility and displacement on the welfare of youth and children in the short-term and preventing the emergence of violent conflict in the long-term.

Support to Countries Throughout the Education Cycle

Our support to countries covers the entire learning cycle, to help shape resilient, equitable, and inclusive education systems that ensure learning happens for everyone.

The ongoing Supporting Egypt Education Reform project , 2018-2025, supports transformational reforms of the Egyptian education system, by improving teaching and learning conditions in public schools. The World Bank has invested $500 million in the project focused on increasing access to quality kindergarten, enhancing the capacity of teachers and education leaders, developing a reliable student assessment system, and introducing the use of modern technology for teaching and learning. Specifically, the share of Egyptian 10-year-old students, who could read and comprehend at the global minimum proficiency level, increased to 45 percent in 2021.

In Nigeria , the $75 million Edo Basic Education Sector and Skills Transformation (EdoBESST) project, running from 2020-2024, is focused on improving teaching and learning in basic education. Under the project, which covers 97 percent of schools in the state, there is a strong focus on incorporating digital technologies for teachers. They were equipped with handheld tablets with structured lesson plans for their classes. Their coaches use classroom observation tools to provide individualized feedback. Teacher absence has reduced drastically because of the initiative. Over 16,000 teachers were trained through the project, and the introduction of technology has also benefited students.

Through the $235 million School Sector Development Program in Nepal (2017-2022), the number of children staying in school until Grade 12 nearly tripled, and the number of out-of-school children fell by almost seven percent. During the pandemic, innovative approaches were needed to continue education. Mobile phone penetration is high in the country. More than four in five households in Nepal have mobile phones. The project supported an educational service that made it possible for children with phones to connect to local radio that broadcast learning programs.

From 2017-2023, the $50 million Strengthening of State Universities in Chile project has made strides to improve quality and equity at state universities. The project helped reduce dropout: the third-year dropout rate fell by almost 10 percent from 2018-2022, keeping more students in school.

The World Bank’s first Program-for-Results financing in education was through a $202 million project in Tanzania , that ran from 2013-2021. The project linked funding to results and aimed to improve education quality. It helped build capacity, and enhanced effectiveness and efficiency in the education sector. Through the project, learning outcomes significantly improved alongside an unprecedented expansion of access to education for children in Tanzania. From 2013-2019, an additional 1.8 million students enrolled in primary schools. In 2019, the average reading speed for Grade 2 students rose to 22.3 words per minute, up from 17.3 in 2017. The project laid the foundation for the ongoing $500 million BOOST project , which supports over 12 million children to enroll early, develop strong foundational skills, and complete a quality education.

The $40 million Cambodia Secondary Education Improvement project , which ran from 2017-2022, focused on strengthening school-based management, upgrading teacher qualifications, and building classrooms in Cambodia, to improve learning outcomes, and reduce student dropout at the secondary school level. The project has directly benefited almost 70,000 students in 100 target schools, and approximately 2,000 teachers and 600 school administrators received training.

The World Bank is co-financing the $152.80 million Yemen Restoring Education and Learning Emergency project , running from 2020-2024, which is implemented through UNICEF, WFP, and Save the Children. It is helping to maintain access to basic education for many students, improve learning conditions in schools, and is working to strengthen overall education sector capacity. In the time of crisis, the project is supporting teacher payments and teacher training, school meals, school infrastructure development, and the distribution of learning materials and school supplies. To date, almost 600,000 students have benefited from these interventions.

The $87 million Providing an Education of Quality in Haiti project supported approximately 380 schools in the Southern region of Haiti from 2016-2023. Despite a highly challenging context of political instability and recurrent natural disasters, the project successfully supported access to education for students. The project provided textbooks, fresh meals, and teacher training support to 70,000 students, 3,000 teachers, and 300 school directors. It gave tuition waivers to 35,000 students in 118 non-public schools. The project also repaired 19 national schools damaged by the 2021 earthquake, which gave 5,500 students safe access to their schools again.

In 2013, just 5% of the poorest households in Uzbekistan had children enrolled in preschools. Thanks to the Improving Pre-Primary and General Secondary Education Project , by July 2019, around 100,000 children will have benefitted from the half-day program in 2,420 rural kindergartens, comprising around 49% of all preschool educational institutions, or over 90% of rural kindergartens in the country.

In addition to working closely with governments in our client countries, the World Bank also works at the global, regional, and local levels with a range of technical partners, including foundations, non-profit organizations, bilaterals, and other multilateral organizations. Some examples of our most recent global partnerships include:

UNICEF, UNESCO, FCDO, USAID, Bill & Melinda Gates Foundation: Coalition for Foundational Learning

The World Bank is working closely with UNICEF, UNESCO, FCDO, USAID, and the Bill & Melinda Gates Foundation as the Coalition for Foundational Learning to advocate and provide technical support to ensure foundational learning. The World Bank works with these partners to promote and endorse the Commitment to Action on Foundational Learning , a global network of countries committed to halving the global share of children unable to read and understand a simple text by age 10 by 2030.

Australian Aid, Bernard van Leer Foundation, Bill & Melinda Gates Foundation, Canada, Echida Giving, FCDO, German Cooperation, William & Flora Hewlett Foundation, Conrad Hilton Foundation, LEGO Foundation, Porticus, USAID: Early Learning Partnership

The Early Learning Partnership (ELP) is a multi-donor trust fund, housed at the World Bank. ELP leverages World Bank strengths—a global presence, access to policymakers and strong technical analysis—to improve early learning opportunities and outcomes for young children around the world.

We help World Bank teams and countries get the information they need to make the case to invest in Early Childhood Development (ECD), design effective policies and deliver impactful programs. At the country level, ELP grants provide teams with resources for early seed investments that can generate large financial commitments through World Bank finance and government resources. At the global level, ELP research and special initiatives work to fill knowledge gaps, build capacity and generate public goods.

UNESCO, UNICEF: Learning Data Compact

UNESCO, UNICEF, and the World Bank have joined forces to close the learning data gaps that still exist and that preclude many countries from monitoring the quality of their education systems and assessing if their students are learning. The three organizations have agreed to a Learning Data Compact , a commitment to ensure that all countries, especially low-income countries, have at least one quality measure of learning by 2025, supporting coordinated efforts to strengthen national assessment systems.

UNESCO Institute for Statistics (UIS): Learning Poverty Indicator

Aimed at measuring and urging attention to foundational literacy as a prerequisite to achieve SDG4, this partnership was launched in 2019 to help countries strengthen their learning assessment systems, better monitor what students are learning in internationally comparable ways and improve the breadth and quality of global data on education.

FCDO, Bill & Melinda Gates Foundation: EdTech Hub

Supported by the UK government’s Foreign, Commonwealth & Development Office (FCDO), in partnership with the Bill & Melinda Gates Foundation, the EdTech Hub is aimed at improving the quality of ed-tech investments. The Hub launched a rapid response Helpdesk service to provide just-in-time advisory support to 70 low- and middle-income countries planning education technology and remote learning initiatives.

MasterCard Foundation

Our Tertiary Education and Skills global program, launched with support from the Mastercard Foundation, aims to prepare youth and adults for the future of work and society by improving access to relevant, quality, equitable reskilling and post-secondary education opportunities. It is designed to reframe, reform, and rebuild tertiary education and skills systems for the digital and green transformation.

Bridging the AI divide: Breaking down barriers to ensure women’s leadership and participation in the Fifth Industrial Revolution

Common challenges and tailored solutions: How policymakers are strengthening early learning systems across the world

Compulsory education boosts learning outcomes and climate action

Areas of focus.

Data & Measurement

Early Childhood Development

Financing Education

Foundational Learning

Fragile, Conflict & Violent Contexts

Girls’ Education

Inclusive Education

Skills Development

Technology (EdTech)

Tertiary Education

Initiatives

Show More +
Tertiary Education and Skills Program
Service Delivery Indicators
Evoke: Transforming education to empower youth
Global Education Policy Dashboard
Global Education Evidence Advisory Panel
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Collapse and Recovery: How the COVID-19 Pandemic Eroded Human Capital and What to Do About It

BROCHURES & FACT SHEETS

Flyer: Education Factsheet - May 2024

Publication: Realizing Education's Promise: A World Bank Retrospective – August 2023

Flyer: Education and Climate Change - November 2022

Brochure: Learning Losses - October 2022

STAY CONNECTED

Human Development Topics

Around the bank group.

Find out what the Bank Group's branches are doing in education

Global Education Newsletter - April 2024

What's happening in the World Bank Education Global Practice? Read to learn more.

Human Capital Project

The Human Capital Project is a global effort to accelerate more and better investments in people for greater equity and economic growth.

Impact Evaluations

Research that measures the impact of education policies to improve education in low and middle income countries.

Education Videos

Watch our latest videos featuring our projects across the world

Additional Resources

Education Finance

Higher Education

Digital Technologies

Education Data & Measurement

Education in Fragile, Conflict & Violence Contexts

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Return and recovery: Our 2023 outlook for K-12 education

To say that the education industry continues to reel from the gut punch caused by the COVID-19 pandemic would be a great understatement.

Among the greatest concerns dominating K-12 education in 2022 were the safe return to the classroom, putting federal recovery funds to good use and addressing lingering learning loss and social emotional impacts from the sudden shift to remote learning.

Like most industries in 2022, education also faced an employee shortage. To attract and retain educators, districts stepped out of traditional modes. Some touted signing bonuses, raised salaries, adjusted qualifications and reconsidered traditional best practices like step and lane and blurring the line between private and public school.

2023 trends in education: K-12 outlook

Headed into 2023, exhausted educators, students and caregivers will continue to deal with the effects of pandemic disruptions. But, equipped with a veritable library of lessons learned and focused attention to addressing what’s around the corner, the K-12 education industry as a whole can drive steady gains toward successful return and recovery.

Here are five 2023 trends and priorities:

1. evaluate relief funding.

As schools spend down Elementary and Secondary School Emergency Relief (ESSER) money, districts will need to evaluate and determine how to fund any new positions or ongoing programming created with federal funds. These include support for Title 1 populations who were disproportionally affected by the pandemic, classroom connectivity and social/emotional support. Districts that don’t address these issues now will likely be faced with reduction-in-force implementations later.

2. Combat learning loss

The lingering impact of learning loss as a result of the COVID-19 pandemic disruptions has been a clear and overriding concern of educators and caregivers since the threat of closures circulated in early 2022.

Now that everyone is back in the classroom, the short- and long-term effects of disruptions —both academic and social/emotional — remain a constant. Gaps in access, opportunities, achievement and outcomes continue to widen, exacerbating existing racial and socioeconomic inequities.

In addition to academic delays, students continue to suffer challenges to their wellbeing. Districts are finding ways to support students with interventions that address anxiety, utilize community resources and encourage connections.

3. Leverage technology, but don’t forget about connectivity

Many districts had developed blended or online options for learning before the rush to implement them as an in-classroom replacement became plagued with challenges.

While a disparity between households with and without devices could be bolstered by the mass purchase of Chromebooks for every student, it could not address widespread connectivity issues. Additionally, many administrators lack sufficient data needed to examine and recalibrate any positive outcomes from remote learning.

On the other hand, the urgent necessity of online learning widely expanded students’ access to intervention and other services once mostly considered legitimate only as in-person options.

Districts should view this use of technology as a formidable supplemental tool to classroom learning.

4. Navigate teacher shortages

Schools will continue to face a workforce plagued by mass burnout, an overwhelming need for additional support and the increased appeal of other job sectors. Perhaps the biggest challenge facing districts in 2023 is how to maintain the salaries, attractive recruitment methods and other advantages made possible by ESSER funds.

Additionally, schools will likely begin to experience the negative effects of stopgap measures like hiring underqualified teachers, increasing class size and cancelling courses. To combat these deficiencies, community organizations and mentorship programs are good resources to help fill gaps and facilitate a stable return to classroom as usual. There are many well-funded nonprofits with established track records that can be leveraged to deliver high-touch engagement.

5. Address inflation

The sudden rise and steady hold of inflation poses several challenges for districts. The rising cost of living has begun to swallow up any wage growth gained by many in recent labor negotiations.

Despite built-in elasticity of property taxes as it relates to inflation, most states are subject to restrictions that limit tax collection in relation to the Consumer Price Index or less. As educators’ demand for higher pay continues, it may result in a significant gap between the ability to generate revenue and pay their employees. This may quickly erode districts’ reserves and could result in cutting programs and increasing class sizes, which would further exasperate the learning loss experienced by the COVID-19 pandemic.

Moving ahead, state and local policymakers should be encouraged to make the shift to prioritizing long-term budget sustainability over short-term fixes.

Help on the horizon

While the COVID-19 pandemic upended the educational system in profound ways beyond anyone’s control, it also helped reveal vulnerabilities that already existed.

Wipfli can help. Grounded with deep knowledge and driven by innovation, our professionals are equipped to provide holistic solutions to clarify strategic planning, improve student support, protect your assets and more.

Learn more about our education services .

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India Organic Biofach 2022

Gulfood dubai 2023, indian e-commerce industry analysis, the education market in india is expected to reach us$ 225 billion by fy25., advantage india, robust demand.

* India has the largest population in the world in the age bracket of 5-24 years with 580 million people, presenting a huge opportunity in the education sector.

* India has over 250 million school going students, more than any other country.

* The Study In India (SII) program aims to target more than half a million foreign students for higher education in India by 2047

Competitive Advantage

* Large English-speaking population allows easy delivery of educational products. India was ranked 52nd out of 111 countries in the English Proficiency Index 2022.

* Nine Indian institutes - the Indian Institute of Science (IISc) in Bengaluru and eight Indian Institutes of Technology (IITs) - were among the top 500 universities in the QS World University Rankings 2023.

Policy support

* 100% FDI (automatic route) is allowed in the education sector in India.

* The Government of India has taken initiatives like National Accreditation Regulatory Authority Bill for Higher Educational and the Foreign Educational Institutions Bill.

Increasing Investments

* The education market in India is expected to amount to US$ 225 billion by FY25.

* From April 2000-December 2023, Foreign Direct Investment (FDI) equity inflow in the education sector stood at US$ 9.49 billion.

* Indian edtech startups have received total investment of US$ 3.94 billion across 155 deals in FY22.

* In June 2022, edtech platform PhysicsWallah became India’s 101st unicorn by raising US$ 100 million in a Series-A funding round from WestBridge Capital and GSV Ventures, valuing the company at US$ 1.1 billion.

Education Industry Report

India occupies a significant position in the global education sector. One of the world's largest networks of institutions of higher learning is found in India. With almost 27% of India’s population in the age group of 0-14 years, India’s education sector provides numerous opportunities for growth.

The Number of colleges in India reached 49,385 in FY24 (as of September 13, 2023) and 43,796 in FY21, up from 42,343 in FY20. The number of universities in India reached 1,196 in FY24 (as of September 13, 2023), up from 760 in FY15.

India had 41.38 million students enrolled in higher education in 2020-21 with 21.2 million male and 20.1 million female students, as against 38.5 million students enrolled in higher education in 2019-20, with 19.6 million male and 18.9 million female students. In FY21, Gross Enrolment Ratio (GER) in Indian higher education was 27.3%.

The education sector in India was estimated to be worth US$ 117 billion in FY20 and is expected to reach US$ 225 billion by FY25. The Indian edtech market size is expected to reach US$ 30 billion by 2031, from US$ 700-800 million in 2021.

The online education sector in India is growing rapidly, with growth of US$ 2.28 billion expected during 2021-2025, at a CAGR of almost 20%. Higher education institutes in India are focusing on creating online programmes due to the increasing demand from consumers.

From April 2000-September 2023, Foreign Direct Investment (FDI) equity inflow in the education sector stood at US$ 9.44 billion, according to the data released by the Department for Promotion of Industry and Internal Trade (DPIIT).

India’s large English-speaking population allows easy delivery of educational products. India was ranked 48th out of 112 countries in the English Proficiency Index 2021. Nine Indian institutes - the Indian Institute of Science (IISc) in Bengaluru and eight Indian Institutes of Technology (IITs) - were among the top 500 universities in the QS World University Rankings 2023. A total of 100 Indian institutions have been qualified for the Times Higher Education World University Rankings 2023, with the Indian Institute of Science in Bengaluru being the highest-ranked.

Edtech startups in India raised US$ 296 million across 5 deals in October 2022.

Amazon launched its global computer science education initiative in India. The aim of this initiative was to offer one lakh students the opportunity to study computer science. Amazon India also launched the second edition of Machine Learning (ML) Summer School, with the aim to provide students the opportunity to learn important ML technologies from Amazon scientists, making them ready for careers in science.

To liberalise the sector, the Government has taken initiatives such as the National Accreditation Regulatory Authority Bill for Higher Educational and the Foreign Educational Institutions Bill. The government schemes of Revitalising Infrastructure and System in Education (RISE) and Education Quality Upgradation and Inclusion Programme (EQUIP) are helping the government tackle the prominent challenges faced by the education sector.

The National Education Policy (NEP), which will be fully implemented over the course of this decade starting from 2021-22, will have a strong focus on high-quality vocational education. Under the National Education Policy 2021, the government will set up regional and national institutes for virology, >15,000 schools, 100 new Sainik schools, and 750 Eklavya model residential schools in tribal areas.

In August 2023, Union Minister of Education Mr. Dharmendra Pradhan unveiled the National Curriculum Framework for School Education (NCF), which has been developed based on the National Education Policy (NEP), 2020 vision. As per that, in order to guarantee that students have adequate time and opportunity to perform successfully, board exams will be offered at least twice a year.

The Central Government approved the “New India Literacy Programme” for the period FY22-27 to cover all the aspects of adult education to align with the National Education Policy 2020 and Budget Announcements 2022-23.

The National Commission for Women started a country-wide capacity-building and personality development programme for women undergraduate and postgraduate students in an effort to make them more independent and job-ready. The commission will partner with central and state institutions to prepare women students for the job market by providing sessions on personal capacity building, professional career skills, digital literacy and effective use of social media.

STEM-based edtech companies have been partnering with Niti Aayog and the government to build a STEM ecosystem by establishing Atal Tinkering Labs (ATL) to spread knowledge about STEM, STEAM, AI, ML, and robotics for K-12 students.

In December 2023, UNICEF and its global partnerships platform Generation Unlimited (also known as YuWaah in India) partnered with key organisations committed to working towards a green future for children and young people as a part of the Green Rising India Alliance.

In September 2023, the government launched the Skill India Digital (SID) platform to make skill development more innovative, accessible and personalised with a focus on digital technology and Industry 4.0 skills.

In September 2023, a three-year partnership called "Education to Entrepreneurship: Empowering a Generation of Students, Educators, and Entrepreneurs" was launched by the Ministry of Education the Ministry of Skill Development and Entrepreneurship, and Meta in New Delhi.

Prime Minister Mr. Narendra Modi, in July 2023, laid the foundation stone for three new buildings at Delhi University — the faculty of technology, a computer centre, and an academic block.

The education sector has seen a host of reforms and improved financial outlays in recent years that could possibly transform the country into a knowledge haven. With human resources increasingly gaining significance in the overall development of the country, the development of the country’s education infrastructure is expected to remain the key focus in the current decade. In this scenario, infrastructure investment in the education sector is likely to see a considerable increase.

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Ind-Ra upholds a positive view for the education sector in FY25, foreseeing enrolment growth and tuition fees driving infrastructure investments amidst rising demand.

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Edtech market | reports | uk.

EdTech report 2021: The State of Technology in Education 2020/21 by Promethean

Promethean’s EdTech report 2021 identifies that the use of and importance of EdTech is on the rise. The report is broken down into the following sections: Strategy, Tech use, Training, School budgets and Future trends. The Strategy section identifies that EdTech is now a priority for almost 40% of schools. 86% of respondents think that EdTech should be used within regular teaching practice. 23% hold the view that the emphasis on EdTech training has fallen over the last five years. 13% more respondents believe that money is being wisely invested when purchasing EdTech tools. Finally, only 25% of educators believe that EdTech will have a positive impact on student learning in the coming years.

80% teachers believe EdTech improves learning

Edtech report 2021 key findings.

29% of schools see the value in EdTech as a way of engaging learners

79% of teachers view EdTech as something that can help them do their job more effectively

EdTech training has continued to drop with only 1% considering their training to be adequate

81% of IT Managers believe that there isn’t enough funding for EdTech

90% believe technology and education should be interconnected

Methodology

A survey was distributed to over 2000 teachers in the UK and Ireland. The responses provided all the necessary data to compile the report.

The report also factors in the impact of Covid-19 on teaching and learning. Everyone polled recognised the importance of EdTech communication tools and the inadequacy of the tools provided by schools at the outset of the pandemic. Teachers also indicated that they are excited about using tools such as Microsoft Teams and Google Classroom.

You can read more about EdTech here: https://global-edtech.com/edtech-definitions-products-and-trends/

RECOMMENDED: https://global-edtech.com/category/report/

“ Using technology to engage pupils and boost collaboration has jumped up this year, but updating technology and providing technology training has significantly dropped…” The State of Technology in Education 2020/21, Promethean

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U.S. Education Market

U.s. education market - global industry assessment & forecast, technology & media, segments covered, customization offered.

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Market Synopsis:

The Global U.S. Education Market was valued at USD 1.04 Trillion in 2022 and is projected to reach a value of USD 1.45 Trillion by 2030. The Global Market is anticipated to increase by exhibiting a Compound Annual Growth Rate (CAGR) of 4.20% over the forecast period.

The term "education" refers to a process or way of learning through a particular set of habits, information, values, abilities, and beliefs. It is the primary driver of development and the most reliable weapon for reducing poverty, advancing health, preserving peace, obtaining knowledge, and preserving gender parity. Education is decentralized and founded on the federal constitution of the United States. All students must attend school in the United States until they are 16 or 18 years old, depending on the state. Primary, middle, high, and post-secondary education follow a specific pattern in the nation. Along with six-degree levels, comprising associate degree, bachelor's degree, master's degree, professional degree, advanced intermediate degree, and research doctorate of education, post-secondary education includes non-degree programs that provide diplomas or certificates.

U.S. Education Market Size, 2022 To 2030 (USD Trillion)

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Growing labor force participation, mergers and acquisitions, and the number of children under five living in the U.S. contributed to the rise of the U.S. education market. In addition, the demand for educated workers, the desire for U.S. education abroad, the rise of blended learning, increased education financing, and increased use of technology in the education sector are some of the trends driving the expansion of the U.S. education market. However, the industry's growth is expected to be hampered by a lack of qualified workers, increased competition from international colleges, the emergence of not-for-profit institutions, and legal and regulatory concerns.

Market Segmentation:

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The U.S. Education Market is segmented based on Type, Content, Smart Learning Mode, Component, End User, and Region. The market is sub-segmented into Cloud and On-Premises based on the segment Type. Furthermore, based on the segment Content, the market is sub-segmented into Audio-Based Content, Video-Based Content, and Text Content. On the other hand, based on the segment Smart Learning Mode the market is sub-segmented into Collaborative Learning Plant, Virtual Instructor Led Training, Simulation-Based Learning, Adaptive Learning, Social Learning, Blended Learning, and Webinars. Moreover, the market based on the segment Component is sub-segmented into Hardware, Software, and Service. Finally, the market is sub-segmented into Higher Education Institutes, K-12, and Pre-K based on the segment End User.

Based on Type

The Cloud sub-segment dominated the market and is forecast to continue the dominance in the forecast period. The low capital commitment required to start up Cloud solutions is credited with driving growth. Furthermore, during the projection period on account of advantageous features provided by cloud solutions, such as automated updating, simple accessibility, unlimited storage space, scalability, quick implementation, customization, and a high data security the sub-segmental growth will also be accelerated.

Based on Content

The Video-Based Content sub-segment has dominated the market recently and is forecast to continue its upward trend in the forecast period. The vast acceptance of Video-Based Educational Content is a direct result of the e-learning activities' rising popularity. Due to the fact that people are becoming more conscious of the benefits of Video-Based Content, this market will continue to grow in the future years.

North America is Projected to Grow at the Highest CAGR during the forecast period

North America is accounted to increase at the highest Compound Annual Growth Rate (CAGR) during the forecast period. The market rise in the U.S. is attributed to the enormous focus on digital learning tools like internet-based learning (e-learning) or online learning in the region. The widespread acceptance of online education as a means of delivering education to all types of students will further propel the industry's expansion in the United States. Compared to the traditional method of learning, online digital learning is also a user-friendly, practical, and versatile learning technique. The U.S. education sector will rise as youngsters, working professionals, and homemakers become more aware of online learning. In addition, an increase in the widespread usage of online textbooks in the U.S. is expected to drive the growth of the nation's education sector.

Competitive Landscape:

The key players in the Global U.S. Education Market include- Adobe Systems Inc., Cisco Systems Inc., Educomp Solutions Ltd., Desire2Learn, NIIT Limited, Blackboard Inc., Pearson PLC, AWE Acquisition Inc., SumTotal Systems Inc., McGraw-Hill Education, Tata Interactive Systems, ABCmouse.com, Saba Software Inc., Promethean Inc., Ellucian Company and others.

Segmentation of the Global U.S. Education Market:

Frequently Asked Question

What is the global demand for u.s. education in terms of revenue.

The global U.S. Education valued at USD 1.04 Trillion in 2022 and is expected to reach USD 1.45 Trillion in 2030 growing at a CAGR of 4.20%.

Which are the prominent players in the market?

The prominent players in the market are Adobe Systems Inc., Cisco Systems Inc., Educomp Solutions Ltd., Desire2Learn, NIIT Limited, Blackboard Inc., Pearson PLC, AWE Acquisition Inc., SumTotal Systems Inc., McGraw-Hill Education, Tata Interactive Systems, ABCmouse.com, Saba Software Inc., Promethean Inc., Ellucian Company.

At what CAGR is the market projected to grow within the forecast period?

The market is project to grow at a CAGR of 4.20% between 2023 and 2030.

What are the driving factors fueling the growth of the market.

Rise in popularity of e-books as well as online learning in the country

Which region accounted for the largest share in the market?

North America was the leading regional segment of the U.S. Education in 2022.

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Education Industry Market Research Reports Analysis and Trends
Education Industry Current Trends
Major Players in Education Industry

1 . Education Industry Market Research Reports Analysis and Trends

Education industry comprises schools, colleges, institutions, and universities. Any educational organization in this industry provides instruction and training to students enrolled in elementary through high schools, colleges and universities, and training centers that offer industrial, professional, and vocational programs. Institutions include public, private, and nonprofit as well as for-profit businesses. The vast majority of revenue in this industry comes from tuition fees and program fees. Increasing company size has helped to consolidate operations in the educational services field in helping to lower fixed costs and improve overall operational efficiency, both of which are very important to keeping businesses in the field healthy and profitable. The growth is largely attributed to the growing global competitive landscape and the emphasis on higher education in the US as more and more blue collar work is being shipped overseas. For maximum profit share, colleges are competing by providing low barriers to acceptance and easy access to student loans along with many banks and government scholarship programs that are increasingly promoting the education sector.

Large and prestigious institutions can benefit from large endowments and alumni donations; public universities are funded with public money. Small institutions can compete by providing specialized education or training and by providing prestigious degrees. To find a qualified instructor in any field, it has become an increasingly challenging task and it is important to inquire about the quality of education while researching for potential franchises. There is a potential danger to some areas of the field in future competition from online training courses, popularly called as e-learning courses, which are growing more and more popular as technology spreads. Although currently most online courses are geared towards under graduate education and traditional courses, many industry professional expect the field to broaden as effective programs in other areas are developed for the internet which will be convenient and cost-effective. In addition, businesses face competition from free online resources and computer software. Overall the field is expanding and educational services in the US are forecast to grow by 5% per year over the next five years.

2 . Education Industry Current Trends

The education industry is continuously expanding its wide variety of sectors and streams and also evolving with utilization of technology and digital medium's impeccable service. Schools, colleges, institutions and universities in this industry provide instructional and non-instructional support services for education industries. Widespread adoption of internet has proved that e-education continues to record strong growth and holds significant exploitable potential that could change the market's performance if implemented accordingly. The trend towards studying outside of one’s home country remains a solid driver of market growth, despite difficulties caused by the economic recession. The global education and training industry is going through a period of rapid development.

Growing awareness in emerging markets is also contributing to demand, and these markets hold significant growth potential. Due to globalization and a rising level of private participation, customers availing of education and training services are demanding high-value education services. The e-learning industry is expected to exceed $107 billion by 2015, according to Global Industry Analysts . Market growth will be fueled by falling operational low-costs, simplified training processes, and flexible and convenient learning solutions. The US and the EU hold a combined 70% share of the global e-learning market. Asia-Pacific is the region recording the highest rate of growth, predicted to see over 20% growth in revenue generated through 2015. There has been an increasing shift in the way people learn from more traditional methods to more flexible learning formats, like e-education. Private tutoring is set to continue witnessing growing demand as parents and dual-income households are seeking more ways to supplement their children’s formal education. This segment continues to hold high potential for growth thanks to its accessibility, which allows potential students to benefit without having to physically attend classes and the possibility of fitting study into a schedule to be able to work at the same time.

3 . Major Players in Education Industry

Major players in the education industry include major US institutions include, Los Angeles School District, the University of Texas System, Apollo Group, Coursera, Udacity, Rio Salado Community College, Duolingo, InsideTrack and DeVry.

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Education Industry Overall Growth Forecast

We offer syndicated/off-the-shelf and custom market research reports covering Education industry. These reports are designed to provide a wholistic view of the global Education industry.

The major growth forecast covered are:

Education Industry CAGR % Growth Forecast for 2022-2028
Education Industry Value Growth Forecast for 2022-2028
Education Industry Key Companies Growth Forecast for 2022-2028

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Education Industry Regional Data Coverage

The reports offered by us provide deep regional data for Education industry. This information is designed to help decision makers identify the key growth markets of Education industry and prepare their business strategy accordingly.

The major regional data covered are:

Education Industry Region-Wise Growth Trends
Education Industry Key Country Growth Opportunities
Education Industry Focus on Most Important Markets

Education Industry Trends Analysis

The reports covering Education industry offer trends analysis of various types. These include overall key growth opportunities in global Education industry.

The major trends and analysis covered are:

Education Industry Key Player Profiles
Education Industry SWOT Analysis
Education Industry Growth Drivers and Challenges

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Is College Worth It?

1. labor market and economic trends for young adults, table of contents.

Labor force trends and economic outcomes for young adults
Economic outcomes for young men
Economic outcomes for young women
Wealth trends for households headed by a young adult
The importance of a four-year college degree
Getting a high-paying job without a college degree
Do Americans think their education prepared them for the workplace?
Is college worth the cost?
Acknowledgments
The American Trends Panel survey methodology
Current Population Survey methodology
Survey of Consumer Finances methodology

A majority of the nation’s 36 million workers ages 25 to 34 have not completed a four-year college degree. In 2023, there were 19 million young workers who had some college or less education, including those who had not finished high school.

Chart shows Number of U.S. workers without a college degree peaked around 1990

The overall number of employed young adults has grown over the decades as more young women joined the workforce. The number of employed young adults without a college degree peaked around 1990 at 25 million and then started to fall, as more young people began finishing college .

This chapter looks at the following key labor market and economic trends separately for young men and young women by their level of education:

Labor force participation

Individual earnings

Household income

Net worth 1

When looking at how young adults are doing in the job market, it generally makes the most sense to analyze men and women separately. They tend to work in different occupations and have different career patterns, and their educational paths have diverged in recent decades.

In 1970, almost all young men whose highest educational attainment was a high school diploma (98%) were in the labor force, meaning they were working or looking for work. By 2013, only 88% of high school-educated young men were in the labor force. Today, that share is 87%.

Chart shows Labor force participation has declined among young men without a college degree

Similarly, 96% of young men whose highest attainment was some college education were in the labor force in 1970. Today, the share is 89%.

By comparison, labor force participation among young men with at least a bachelor’s degree has remained relatively stable these past few decades. Today, 94% of young men with at least a bachelor’s degree are in the labor force.

The long-running decline in the labor force participation of young men without a bachelor’s degree may be due to several factors, including declining wages , the types of jobs available to this group becoming less desirable, rising incarceration rates and the opioid epidemic . 2

Looking at labor force and earnings trends over the past several decades, it’s important to keep in mind broader forces shaping the national job market.

The Great Recession officially ended in June 2009, but the national job market recovered slowly . At the beginning of the Great Recession in the fourth quarter of 2007, the national unemployment rate was 4.6%. Unemployment peaked at 10.4% in the first quarter of 2010. It was not until the fourth quarter of 2016 that unemployment finally returned to its prerecession level (4.5%).

Studies suggest that things started to look up for less-skilled workers around 2014. Among men with less education, hourly earnings began rising in 2014 after a decade of stagnation. Wage growth for low-wage workers also picked up in 2014. The tightening labor markets in the last five years of the expansion after the Great Recession improved the labor market prospects of “vulnerable workers” considerably.

The COVID-19 pandemic interrupted the tight labor market, but the COVID-19 recession and recovery were quite different from the Great Recession in their job market impact. The more recent recession was arguably more severe, as the national unemployment rate reached 12.9% in the second quarter of 2020. But it was short – officially lasting two months, compared with the 18-month Great Recession – and the labor market bounced back much quicker. Unemployment was 3.3% before the COVID-19 recession; three years later, unemployment had once again returned to that level.

Full-time, full-year employment

Chart shows Among employed young men without a college degree, the share working full time has risen significantly since the Great Recession

Since the Great Recession of 2007-09, young men without a four-year college degree have seen a significant increase in the average number of hours they work.

Today, 77% of young workers with a high school education work full time, full year, compared with 69% in 2011.
83% of young workers with some college education work full time, full year, compared with 70% in 2011.

The share of young men with a college degree who work full time, year-round has remained fairly steady in recent decades – at about 80% – and hasn’t fluctuated with good or bad economic cycles.

Annual earnings

Annual earnings for young men without a college degree were on a mostly downward path from 1973 until roughly 10 years ago (with the exception of a bump in the late 1990s). 3

Earnings have been increasing modestly over the past decade for these groups.

Chart shows Earnings of young men without a college degree have trended upward over the past 10 years

Young men with a high school education who are working full time, full year have median earnings of $45,000 today, up from $39,300 in 2014. (All figures are in 2022 dollars.)
The median earnings of young men with some college education who are working full time, full year are $50,000 today, similar to their median earnings in 2014 ($49,100).

It’s important to note that median annual earnings for both groups of noncollege men remain below their 1973 levels.

Median earnings for young men with a four-year college degree have increased over the past 10 years, from $67,500 in 2014 to $77,000 today.

Unlike young men without a college degree, the earnings of college-educated young men are now above what they were in the early 1970s. The gap in median earnings between young men with and without a college degree grew significantly from the late 1970s to 2014. In 1973, the typical young man with a degree earned 23% more than his high school-educated counterpart. By 2014, it was 72% more. Today, that gap stands at 71%. 4

Household income has also trended up for young men in the past 10 years, regardless of educational attainment.

Chart shows Household incomes of young men without a college degree have significantly increased the past 10 years

This measure takes into account the contributions of everyone in the household. For this analysis, we excluded young men who are living in their parents’ home (about 20% of 25- to 34-year-old men in 2023).

The median household income of young men with a high school education is $75,200 today, up from $63,800 in 2014. This is slightly lower than the highpoint reached around 2019.
The median household income of young men with some college education is $92,200 today, up from $81,100 in 2014. This is close to the 2022 peak of $93,800.

The median household income of young men with at least a bachelor’s degree has also increased from a low point of $118,700 in 2014 after the Great Recession to $145,000 today.

The gap in household income between young men with and without a college degree grew significantly between 1980 and 2014. In 1980, the median household income of young men with at least a bachelor’s degree was about 38% more than that of high school graduates. By 2014, that gap had widened to 86%.

Over the past 10 years, the income gap has fluctuated. In 2023, the typical college graduate’s household income was 93% more than that of the typical high school graduate.

The 2001 recession and Great Recession resulted in a large increase in poverty among young men without a college degree.

Chart shows Poverty among young men without a college degree has declined since 2014

In 2000, among young men living independently of their parents, 8% of those with a high school education were in poverty. Poverty peaked for this group at 17% around 2011 and has since declined to 12% in 2023.
Among young men with some college education, poverty peaked at 12% around 2014, up from 4% in 2000. Poverty has fallen for this group since 2014 and stands at 8% as of 2023.
Young men with a four-year college degree also experienced a slight uptick in poverty during the 2001 recession and Great Recession. In 2014, 6% of young college graduates were in poverty, up from 4% in 2000. Poverty among college graduates stands at 5% in 2023.

Labor force trends for young women are very different than for young men. There are occupational and educational differences between young women and men, and their earnings have followed different patterns.

Unlike the long-running decline for noncollege young men, young women without a college degree saw their labor force participation increase steadily from 1970 to about 1990.

Chart shows Labor force participation of young women without a college degree has risen since 2014

By 2000, about three-quarters of young women with a high school diploma and 79% of those with some college education were in the labor force.

Labor force participation has also trended upward for college-educated young women and has consistently been higher than for those with less education.

After rising for decades, labor force participation for young women without a college degree fell during the 2001 recession and the Great Recession. Their labor force participation has increased slightly since 2014.

As of 2023, 69% of young women with a high school education were in the labor force, as were 78% of young women with some college education. Today’s level of labor force participation for young women without a college degree is slightly lower than the level seen around 2000.

The decline in labor force participation for noncollege women partly reflects the declining labor force participation for mothers with children under 18 years of age . Other research has suggested that without federal paid parental and family leave benefits for parents, some women with less education may leave the labor force after having a baby.

In contrast, labor force participation for young women with a college degree has fully recovered from the recessions of the early 2000s. Today, 87% of college-educated young women are in the labor force, the highest estimate on record.

Young women without a college degree have steadily increased their work hours over the decades. The past 10 years in particular have seen a significant increase in the share of employed noncollege women working full time, full year (with the exception of 2021).

Chart shows Share of employed young women with a high school diploma working full-time is the highest it’s ever been

In 2023, 69% of employed young women with a high school education worked full time, full year, up from 56% in 2014. This share is the highest it’s ever been.
In 2023, 65% of employed women with some college worked full time, full year, up from 58% in 2014. This is among the highest levels ever.

The trend in the share working full time, full year has been similar for young women with college degrees. By 2023, 78% of these women worked full time, full year, the highest share it’s ever been.

Unlike young men, young women without a college education did not see their earnings fall between 1970 and 2000.

Chart shows Earnings of young women without a college degree have trended up in the past decade

The 2001 recession and Great Recession also did not significantly impact the earnings of noncollege young women. In the past 10 years, their median earnings have trended upward.

For young women with a high school diploma, median earnings reached $36,000 in 2023, up from $30,900 in 2014.
For those with some college, median earnings rose to $40,000 in 2023 from $37,700 in 2014.

For young women with a college degree, median earnings rose steadily from the mid-1980s until the early 2000s. By 2003, they reached $62,100, but this declined to $55,200 by 2014. In the past 10 years, the median earnings of college-educated young women have risen, reaching $65,000 in 2023.

In the mid-1980s, the typical young woman with a college degree earned about 48% more than her counterpart with a high school diploma. The pay gap among women has widened since then, and by 2014, the typical college graduate earned 79% more than the typical high school graduate. The gap has changed little over the past 10 years.

Noncollege young women living independently from their parents have experienced large household income gains over the past 10 years, measured at the median.

Chart shows Median household income of young women without a college degree has increased in the past 10 years

In 2023, young women with a high school diploma had a median household income of $61,600, up from $48,100 in 2014.
The pattern is similar for young women with some college education. Their median income rose to $75,200 in 2023 from $64,600 in 2014.

The median household income for young women with a four-year college degree is significantly higher than it is for their counterparts without a degree. College-educated young women have made substantial gains in the past 10 years.

The income gap between young women with and without a college degree has widened over the decades. In 1980, the median household income of young women with a college degree was 50% higher than that of high school-educated women. By 2014, the income gap had grown to 139%. Today, the household income advantage of college-educated women stands at 121% ($136,000 vs. $61,600).

Chart shows Poverty among young women without a college degree has steeply declined in the past 10 years

Poverty trends for young women mirror those for young men, although young women are overall more likely to be in poverty than young men. The past 10 years have resulted in a steep reduction in the share of noncollege women in poverty.

Today, 21% of young women with a high school diploma are living in poverty. This is down from 31% in 2014.
15% of young women with some college education live in poverty, compared with 21% in 2014.
Young women with a college degree are consistently far less likely than either group to be living in poverty (5% in 2023).

Along with young adults’ rising incomes over the past 10 years, there’s been a substantial increase in their wealth. This part of our analysis does not look at men and women separately due to limitations in sample size.

Chart shows The typical net worth of young adults with and without college degrees has increased over the past 10 years

In 2022, households headed by a young high school graduate had a median net worth of $30,700, up from $12,700 in 2013. Those headed by a young adult with some college education had a median net worth of $52,900, up from $15,700 in 2013.

The typical wealth level of households headed by a young college graduate was $120,200 in 2022, up from $46,600 in 2013.

There has not been any significant narrowing of the wealth gap between young high school graduate and young college graduate households since 2013.

Wealth increased for Americans across age groups over this period due to several factors. Many were able to save money during the pandemic lockdowns. In addition, home values increased, and the stock market surged.

Most of the analysis in this chapter is based on the Annual Social and Economic Supplement collected by the U.S. Census Bureau. Information on net worth is based on a Federal Reserve survey, which interviews fewer households. Due to this smaller sample size, the net worth of households headed by a young adult cannot be broken out by gender and education. ↩
Bureau of Labor Statistics data indicates that the labor force participation rate for men ages 25 to 54 has been declining since 1953. ↩
This analysis looks at the earnings of employed adults working full time, full year. This measure of earnings is not uncommon. For example, the National Center for Education Statistics publishes a series on the annual earnings of 25- to 34-year-olds working full time, full year. ↩
Other studies using hourly wages rather than annual earnings find that the college wage premium has narrowed. For example, researchers at the San Francisco Federal Reserve report that the college wage gap peaked in the mid-2010s but declined by just 4 percentage points to about 75% in 2022. ↩

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Nvidia, Powered by A.I. Boom, Reports Soaring Revenue and Profits

The Silicon Valley company was again lifted by sales of its artificial intelligence chips, but it faces growing competition and heightened expectations.

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A display about Nvidia’s Blackwell platform dwarfs Jensen Huang as he presents it from a stage.

By Don Clark

Reporting from San Francisco

Nvidia, which makes microchips that power most artificial intelligence applications, began an extraordinary run a year ago.

Fueled by an explosion of interest in A.I., the Silicon Valley company said last May that it expected its chip sales to go through the roof. They did — and the fervor didn’t stop, with Nvidia raising its revenue projections every few months. Its stock soared, driving the company to a more than $2 trillion market capitalization that makes it more valuable than Alphabet, the parent of Google.

On Wednesday, Nvidia again reported soaring revenue and profits that underscored how it remains a dominant winner of the A.I. boom, even as it grapples with outsize expectations and rising competition.

Revenue was $26 billion for the three months that ended in April, surpassing its $24 billion estimate in February and tripling sales from a year earlier for the third consecutive quarter. Net income surged sevenfold to $5.98 billion.

Nvidia also projected revenue of $28 billion for the current quarter, which ends in July, more than double the amount from a year ago and higher than Wall Street estimates.

“We are fundamentally changing how computing works and what computers can do,” Jensen Huang, Nvidia’s chief executive, said in a conference call with analysts. “The next industrial revolution has begun.”

Nvidia’s shares, which are up more than 90 percent this year, rose in after-hours trading after the results were released. The company also announced a 10-for-1 stock split.

Nvidia, which originally sold chips for rendering images in video games, has benefited after making an early, costly bet on adapting its graphics processing units, or GPUs, to take on other computing tasks. When A.I. researchers began using those chips more than a decade ago to accelerate tasks like recognizing objects in photos, Mr. Huang jumped on the opportunity. He augmented Nvidia’s chips for A.I. tasks and developed software to aid developments in the field.

The company’s flagship processor, the H100, has enjoyed feverish demand to power A.I. chatbots such as OpenAI’s ChatGPT. While most high-end standard processors cost a few thousand dollars, H100s have sold for anywhere from $15,000 to $40,000 each, depending on volume and other factors, analysts said.

Colette Kress, Nvidia’s chief financial officer, said on Wednesday that it had worked in recent months with more than 100 customers that were building new data centers — which Mr. Huang calls A.I. factories — ranging from hundreds to tens of thousands of GPUs, with some reaching 100,000. Tesla, for example, is using 35,000 H100 chips to help train models for autonomous driving, she said.

Nvidia will soon begin to ship a powerful successor to the H100, code-named Blackwell, which was announced in March. Demand for the new chips already appears to be strong, raising the possibility that some customers may wait for the speedier models rather than buy the H100. But there was little sign of such a pause in Nvidia’s latest results.

Ms. Kress said demand for Blackwell was well ahead of supply of the chip, and “we expect demand may exceed supply well into next year.” Mr. Huang added that the new chips should be operating in data centers late this year and that “we will see a lot of Blackwell revenue this year.”

The comments may ease fears of a slowdown in Nvidia’s momentum.

“Lingering concerns investors had in the short term regarding an ‘air bubble’ for GPU demand seem to have vanished,” Lucas Keh, an analyst at the research firm Third Bridge, said in an email.

Wall Street analysts are also looking for signs that some richly funded rivals could grab a noticeable share of Nvidia’s business. Microsoft, Meta, Google and Amazon have all developed their own chips that can be tailored for A.I. jobs, though they have also said they are boosting purchases of Nvidia chips.

Traditional rivals such as Advanced Micro Devices and Intel have also made optimistic predictions about their A.I. chips. AMD has said it expects to sell $4 billion worth of a new A.I. processor, the MI300, this year.

Mr. Huang frequently points to what he has said is a sustainable advantage: Only Nvidia’s GPUs are offered by all the major cloud services, such as Amazon Web Services and Microsoft Azure, so customers don’t have to worry about getting locked into using one of the services because of its exclusive chip technology.

Nvidia also remains popular among computer makers that have long used its chips in their systems. One is Dell Technologies, which on Monday hosted a Las Vegas event that featured an appearance by Mr. Huang.

Michael Dell, Dell’s chief executive and founder, said his company would offer new data center systems that packed 72 of the new Blackwell chips in a computer rack, standard structures that stand a bit taller than a refrigerator.

“Don’t seduce me with talk like that,” Mr. Huang joked. “That gets me superexcited.”

Explore Our Coverage of Artificial Intelligence

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OpenAI said that it has begun training a new flagship A.I. model that would succeed the GPT-4 technology that drives its popular online chatbot, ChatGPT.

Elon Musk’s A.I. company, xAI, said that it had raised $6 billion , helping to close the funding gap with OpenAI, Anthropic and other rivals.

Google’s A.I. capabilities that answer people’s questions have generated a litany of untruths and errors — including recommending glue as part of a pizza recipe and the ingesting of rocks for nutrients — causing a furor online.

The Age of A.I.

D’Youville University in Buffalo had an A.I. robot speak at its commencement . Not everyone was happy about it.

A new program, backed by Cornell Tech, M.I.T. and U.C.L.A., helps prepare lower-income, Latina and Black female computing majors for A.I. careers.

Publishers have long worried that A.I.-generated answers on Google would drive readers away from their sites. They’re about to find out if those fears are warranted, our tech columnist writes .

A new category of apps promises to relieve parents of drudgery, with an assist from A.I. But a family’s grunt work is more human, and valuable, than it seems.

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Nvidia Earnings: Stock Rallies As AI Giant Reports 600% Profit Explosion, 10-For-1 Stock Split

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Nvidia again shattered Wall Street forecasts in its anxiously awaited earnings report Wednesday afternoon, sending shares of the chip designer and artificial intelligence top dog toward a record high.

Nvidia CEO Jensen Huang addresses a crowd in March.

Nvidia reported $6.12 earnings per share and $26 billion of sales for the three-month period ending April 30, shattering mean analyst forecasts of $5.60 and $24.59 billion, according to FactSet.

Nvidia’s profits and revenues skyrocketed by 628% and 268% compared to 2023’s comparable period, respectively.

This was Nvidia’s most profitable and highest sales quarter ever, topping the quarter ending this January’s record $12.3 billion net income and $22.1 billion revenue.

Driving the numerous superlatives for Nvidia’s financial growth over the last year is unsurprisingly its AI-intensive datacenter division, which raked in $22.6 billion of revenue last quarter, a 427% year-over-year increase and a whopping 20 times higher than the $1.1 billion the segment brought in in 2020.

Nvidia also announced it will conduct a 10-for-1 stock split June 7, which would trim its share price from about $950 to $95 while maintaining the company’s total valuation, enabling investors and employees to more affordably purchase whole shares.

Nvidia’s stock popped 4% immediately after the release, sitting at what would be an all-time high in regular trading hours.

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Key Background

High volatility for Nvidia’s stock was expected, as options trading priced in a roughly 8% move in either direction after earnings. Nvidia, which designs a majority of the semiconductor chips powering generative AI technology, has arguably been the biggest winner of the AI boom over the last two years, with the likes of Amazon and Microsoft among its top customers. Nvidia is the third most valuable company in the world with a market capitalization of about $2.3 trillion, a far cry from its sub-$400 billion market value at the end of 2022. Though a slowdown from the fairly unprecedented financial growth Nvidia experienced in recent quarters, analysts expect Nvidia to continue to grow at a strong pace, with consensus estimates projecting Nvidia’s revenues to expand by about 90% in its fiscal year ending in Jan. 2025, with the $112 billion in forecasted sales more than four times higher than the 2022-23 fiscal year’s $27 billion.

Nvidia has almost single-handedly lifted the American stock market from its 2022 doldrums to today’s record levels. Its 490% total return over the last 18 months is far better than the average S&P 500 stock’s 13% return over the period, with the S&P up over 36% during that stretch. Even after Nvidia’s valuation exploded, there aren’t many on Wall Street who find Nvidia overvalued, as not one analyst tracked by FactSet has a sell rating on the stock, with the average price target of $1,039 per share pricing in about 10% upside from Wednesday’s closing price.

Surprising Fact

Nvidia’s rise to become a $2 trillion company came as its once bread-and-butter video game business fell into a rut. Sales for Nvidia’s gaming unit are about 25% lower than they were two years ago, accounting for just a tenth of overall revenues last quarter, a far cry from the over 40% gaming revenue mix Nvidia had for each of 2020 to 2022’s first calendar quarters. In short, Nvidia has largely shifted its focus away from cheaper direct-to-consumer graphics processing units (GPUs) often coveted by gamers and instead redirected attention toward supplying AI-focused GPUs to big-ticket corporate clients.

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Mammography market to project 10.34% CAGR until 2028

The hospital segment expects notable market share growth within the forecast period.

The global mammography market is expected to grow by $1.41b until 2028 at a compound annual growth rate (CAGR) of 10.34%.

A report by Technavio revealed that one of the key trends fueling the market’s growth is the rising adoption of portable breast cancer screening devices due to an increasing emphasis on early detection.

“Portable mammography units facilitate screening in remote or underserved regions and patients' homes, broadening screening program accessibility,” The report said.

ALSO READ: Prenatal testing market projects 12.6% CAGR growth until 2028

By end-user, the hospital segment is expected to witness notable market share growth in the upcoming period due to a global increase in cases driving the demand for advanced mammography technologies and services.

Moreover, the segment’s growth will be driven by government initiatives and awareness campaigns emphasising early screening and diagnostics.

Mammography market to project 10.34% CAGR until 2028

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Austin Co-Op Grocery Store Wheatsville Will Close on Guadalupe Eventually

The market’s last day in North Campus will be on December 31, 2026

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Share All sharing options for: Austin Co-Op Grocery Store Wheatsville Will Close on Guadalupe Eventually

Austin’s cooperatively-owned grocery store and market Wheatsville Food Co-op is going to be closing its original North Campus location eventually. The last day for the 3101 Guadalupe Street shop will be on December 31, 2026.

A press release noted that Wheatsville board of directors and management decided to not renew the West Campus store ’s lease, which ends at the end of 2026. A major reason for this decision was the city’s light rail plan Project Connect , which would run through Guadalupe Street . “While this project is in the public interest, it will also curtail our ability to operate in this location,” says general manager Bill Bickford via a statement. The train would take up the major street’s middle lane, so then it would be “impossible for the large trucks our primary suppliers use to access the delivery area,” he writes. Therefore, “if we cannot receive product, we cannot operate a grocery store.

Rita Daily, Wheatsville’s marketing director, noted through email that the shutter was announced to the owners — its website boasts over 28,000 members — this morning. The company is going to se if they can reopen or operate what they describe was “small-format stores” instead.

Wheatsville began in Austin on Guadalupe in 1976, and expanded onto South Lamar in South Austin in 2013. That location will remain open. Along with selling food products, produce, meats, etc., etc., the market also sells prepared foods from its deli such as its iconic popcorn tofu po’ boy .

Update, May 24: This article, originally published on May 22, has been updated to clarify which entities made the decision to not renew the lease.

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2023 trends in education: K-12 outlook. Headed into 2023, exhausted educators, students and caregivers will continue to deal with the effects of pandemic disruptions. But, equipped with a veritable library of lessons learned and focused attention to addressing what's around the corner, the K-12 education industry as a whole can drive steady ...
Reimagining higher education in the United States
One trend is the coming "demographic cliff"—the number of high-school graduates in the United States will peak at around 3.6 million students in 2026 and then decline to 3.3 million students by 2030. Another is the drop, since 2016, in international-student enrollment, an important source of revenues for many colleges.
PDF 2023 Global Education Monitoring Report on technology and education
The Global Education Monitoring (GEM) Report assesses the world's progress towards achieving Sustainable Development Goal (SDG) 4 on education, its related targets, and the Education 2030 Agenda more broadly. The GEM Report is driven by the explicit reference to inclusion in the 2015 Incheon Declaration, and the call to ensure
Five trends to watch in the edtech industry
1. Capital inflows are higher than ever. Thanks to rapid technological change and enterprise digitization, many companies are looking to continuously upskill their workforce. At the same time, broadband access has become more affordable, and distance-education technologies have become more advanced.
Education Market Research Reports & Industry Analysis
Our education market research is designed to help industry professionals develop effective business and marketing strategies, as well as identify influential education market trends and growth opportunities. Our reports are produced by industry experts at leading market research firms and draw on extensive primary and secondary research ...
Markets and innovation in the education industry
This report served as the background report to the second Global Education Industry Summit which was held on 26-27 September 2016. It discusses the available evidence on innovation in education, the impact of digital technologies on teaching and learning, the role of digital skills and the role of educational industries in the process of ...
Education Industry Analysis
The Indian edtech market ...
EdTech Report 2021
Full Report. Promethean's EdTech report 2021 identifies that the use of and importance of EdTech is on the rise. The report is broken down into the following sections: Strategy, Tech use, Training, School budgets and Future trends. The Strategy section identifies that EdTech is now a priority for almost 40% of schools. 86% of respondents ...
U.S. Education Market Size USD 1.45 Trillion by 2030
Market Synopsis: The Global U.S. Education Market was valued at USD 1.04 Trillion in 2022 and is projected to reach a value of USD 1.45 Trillion by 2030. The Global Market is anticipated to increase by exhibiting a Compound Annual Growth Rate (CAGR) of 4.20% over the forecast period. The term "education" refers to a process or way of learning ...
All About Education Industry: Key Segments, Trends and Competitive
The Education Industry comprises establishments whose primary objective is to provide education. These establishments can be public, non-profit, or for-profit institutions. They include elementary schools, secondary schools, community colleges, universities, and ministries or departments of education. Other constituents of a modern education system include charter schools, online academies ...
Education Technology Market Size And Share Report, 2030
Education Technology Market Size & Trends. The global education technology market size was estimated at USD 142.37 billion in 2023 and is expected to grow at a CAGR of 13.4% from 2024 to 2030. Education technology (EdTech) includes hardware and software technology used to educate students on a virtual level to improve learning in classrooms and enhance students education outcomes.
Education Industry Market Research Reports
The e-learning industry is expected to exceed $107 billion by 2015, according to Global Industry Analysts. Market growth will be fueled by falling operational low-costs, simplified training processes, and flexible and convenient learning solutions. The US and the EU hold a combined 70% share of the global e-learning market.
(PDF) A Study of Innovative EdTech Start-Ups & Businesses in the
Abstract. This is the dissertation project report of my student MR. AGAM MISHRA - MBA Final Yr. on "A Study of Innovative EdTech Start-Ups & Businesses in the Emerging Markets and Economies ...
PDF THE WORKFORCE EDUCATION PROJECT
THE WORKFORCE EDUCATION PROJECT 4 ACKNOWLEDGEMENTS This is the preliminary report of the Workforce Education Project, a research effort begun in 2018 at MIT Open Learning. As MIT's implementation of online courses and programs has developed over the past several years there has been a growing focus on meeting workforce needs, through
Top 10 Projects in Education
Green School New Zealand. The first Green School, in Indonesia, proved that kids can take the reins of a sustainable education—working in the garden and kitchen, and leading renewable energy projects to reduce the school's environmental impact. The Green School New Zealand, which opened its doors in January, is helping to prove the model of ...
PDF India Edtech Report
Global EdTech expenditure is expected to grow at around 12% CAGR and touch $342 billion by 2025. The total education market in India is currently pegged at $100 billion with higher education contributing to 60%, school education at 38% and the pre-school segment at 2%. India's smartphone user base is estimated to reach 820 million in the next ...
PDF Five trends to watch in the edtech industry
15 adult-education companies that received the 1 "Global EdTech venture capital report - full year 2021," HolonIQ, January 2, 2022. 2 From the 10-K filings of 2U, Coursera, and Grand Canyon Education. 3 Patti Constantakis, "Walmart.org Center for Racial Equity update: Creating career pathways through education," Walmart, October 21, 2021.
Top 10 Projects in Education
Rajkumari Ratnavati Girl's School. Education | South Asia. In the heart of Rajasthan's arid desert landscape in India lies Rajkumari Ratnavati Girl's School. A school, yes, but also a powerful statement of female empowerment. Though Rajasthan is the third-largest Indian state, it ranks the lowest in female literacy at 53 percent.
Education and Training Center Project Report
Education and Training Center Project Report. Dec 17, 2014 •. 9 likes • 8,391 views. Venture Advisors. Training center aims to provide advanced courses utilizing internationally renowned experts in various professional fields. Currently, most courses held in Kuwait are conducted by local and international trainers with limited expertise due ...
Final Project Report of Market Analysis On ERP in Education Industry
134001226 Final Project Report of Market Analysis on ERP in Education Industry - Free download as PDF File (.pdf), Text File (.txt) or read online for free. This document provides guidelines for students to follow when writing a mini project report for various business programs. It outlines the formatting requirements including paper size, font, line spacing, margins, titles, numbering of ...
Job market, economic trends for young adults by gender and education
For young women with a high school diploma, median earnings reached $36,000 in 2023, up from $30,900 in 2014. For those with some college, median earnings rose to $40,000 in 2023 from $37,700 in 2014. For young women with a college degree, median earnings rose steadily from the mid-1980s until the early 2000s.
Nvidia, Powered by A.I. Boom, Reports Soaring Revenue and Profits
The company reported revenue of $26 billion in its latest quarter, tripling its sales from a year earlier. Jim Wilson/The New York Times. Nvidia, which makes microchips that power most artificial ...
Amazon says it has not halted any Nvidia chip orders
, opens new tab most advanced chip on the market, but has instead decided to purchase the company's newer state of the art chip for an upcoming supercomputer project between the companies.
Nvidia Earnings: Stock Rallies As AI Giant Reports 600% Profit ...
Key Facts. Nvidia reported $6.12 earnings per share and $26 billion of sales for the three-month period ending April 30, shattering mean analyst forecasts of $5.60 and $24.59 billion, according to ...
Mammography market to project 10.34% CAGR until 2028
The global mammography market is expected to grow by $1.41b until 2028 at a compound annual growth rate (CAGR) of 10.34%. A report by Technavio revealed that one of the key trends fueling the ...
Project 2025
Project 2025, also known as the Presidential Transition Project, is a collection of policy proposals to fundamentally reshape the U.S. federal government in the event of a Republican victory in the 2024 U.S. presidential election. Established in 2022, the project aims to recruit tens of thousands of conservatives to the District of Columbia to replace existing federal civil servants—whom ...
Austin Market Wheatsville Food Co-op Is Closing ...
Austin's cooperatively-owned grocery store and market Wheatsville Food Co-op is going to be closing its original North Campus location eventually. The last day for the 3101 Guadalupe Street shop will be on December 31, 2026. A press release noted that Wheatsville board of directors and management decided to not renew the West Campus store's lease, which ends at the end of 2026.