The North America Technical And Vocational Education Market would witness market growth of 8.0% CAGR during the forecast period (2022-2028).
From a development standpoint, technical and vocational education helps economic expansion by boosting worker productivity. The rewards from higher output significantly outweigh the direct and indirect expenses of training, resulting in economic expansion. Technical and vocational education, like other forms of education, contributes to socioeconomic development by increasing the capacity of individuals to embrace socially beneficial behaviors.
As a kind of education similar to all others, technical and vocational education aspires to cultivate the full range of human skills that define an educated individual. Thus, the transmission of broad-based information aims to foster critical and imaginative thought. Additionally, technical and vocational education attempts to foster effective communication and interpersonal relationships
The Perkins Act of 1990 defines vocational education as an "organized educational program offering a sequence of lessons directly associated with the preparation of individual citizens for either paid or unpaid working population in current or emerging positions requiring other than a bachelor's degree or an advanced degree." Vocational education is offered at both the secondary and postsecondary levels, with a somewhat different emphasis at each.
The US market dominated the North America Technical And Vocational Education Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $228.8 Billion by 2028.The Canada market is poised to grow at a CAGR of 10.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 9.5% during (2022 - 2028).
Based on Course Type, the market is segmented into STEM Education and Non-STEM Education. Based on End User, the market is segmented into Academic Institutions & Individuals and Corporate Workers. Based on Learning Mode, the market is segmented into Offline and Online. Based on Organization, the market is segmented into Public Institution and Private Institution. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Technical And Vocational Education Market is Estimated to reach $1057.4 Billion by 2028, at a CAGR of 8.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Acumatica, Inc., Amazon Web Services, Inc. (Amazon.com, Inc.), Adobe Inc., Articulate Global, LLC, IBM Corporation, TÜV Rheinland AG, Babcock International Group PLC (Scandinavian AirAmbulance), Pitman Training Group Ltd. (Launch Life International, Inc.), The CEGOS Group, and The Center for Professional Advancement (CfPA).
By Course Type
By End User
By Learning Mode
By Organization
By Country
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