VET Market Set to Grow at 9.8% CAGR, Reaching $896 Billion by 2029

Global Vocational Education and Training Market to Reach $896 Billion by 2029

Global Vocational Education and Training Market 2022-2029 Meticulous Research has released a new report titled Vocational Education and Training Market by Supplier Institution (Public, Private), User's Gender (Male, Female), End Users (Students, Office Workers), and Geography Global Forecast to 2029. According to the research, the global vocational education and training (VET) market is poised to grow at a compound annual growth rate (CAGR) of 9.8%, with market size projected to reach $896.01 billion by 2029. Several factors are fueling this market s growth. These include the rising number of students pursuing vocational education at an early age, the increasing demand for digital skills and e- learning, and the higher dropout rates observed in traditional college education. Despite this positive outlook, the market faces challenges, particularly a shortage of trained professionals in advanced sectors such as artificial intelligence (AI) and the Internet of Things (IoT). Nonetheless, the increasing penetration of VET across various regions is expected to offer significant opportunities for companies operating in the sector. Download Free Research Sample @ https://www.meticulousresearch.com/download- sample-report/cp_id=5289 The report analyzes the VET market based on several segments, including supplier institutions (public, private), user demographics (gender, age group), end users (students, office workers), and geographic regions. Historical data from 2020 and 2021 are provided alongside estimates for 2022 and projections for 2029. Furthermore, the report includes a detailed assessment of the competitive landscape at both regional and national levels. In terms of supplier institutions, the public sector is predicted to hold the largest market share in 2022. This dominance is primarily due to the higher enrollment rates in public institutions, as tuition fees tend to be significantly lower compared to private vocational education providers. Moreover, public institutions benefit from government funding, which enhances infrastructure, resources, and overall educational quality. Regarding gender, the female segment is expected to exhibit the fastest growth rate over the forecast period. This trend is driven by increased female participation in higher education, evolving societal attitudes, and government policies aimed at improving access to education for women and girls. Check figures: training-market-5289 complete https://www.meticulousresearch.com/product/vocational-education-and- table of contents with list of table and When it comes to age group, individuals between 16 and 24 years old are projected to capture the largest share of the VET market. This age group is increasingly focused on pursuing higher education, including vocational diplomas, which provide better job opportunities and higher wages than non-vocational qualifications. The student segment is expected to grow at the fastest rate among end users, driven by the growing demand for higher education, particularly in emerging markets, and the increasing adoption of online learning platforms. The preference for work-based learning among students is also contributing to the demand for vocational education. Page 1 of 2 Meticulous Research| sales@meticulousresearch.com

Global Vocational Education and Training Market 2022-2029 Regionally, North America is expected to dominate the global VET market. This is attributed to the region s well-established education system, strong government support for vocational training, widespread use of digital technologies in education, and the presence of major industry players. Buy Now : https://www.meticulousresearch.com/Checkout/15719001 Key Players The key players operating in the global Vocational Education and Training Market are Adobe Inc. (U.S.), Articulate Global, LLC (U.S.), Blackboard Inc. (U.S.), Cegos Group (France), Cisco Systems, Inc. (U.S.), City & Guilds Group (U.K.), The Hewlett Packard Enterprise Company (U.S.), International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), and Lumesse Limited (U.K.). Key questions answered in the report- Which are the high-growth market segments in terms of the supplier institution, user's gender, user's age group, end users, and countries/regions? What is the historical market for vocational education & training across the globe? What are the market forecasts and estimates for the period 2022 2029? What are the major drivers, restraints, and opportunities in the global Vocational Education and Training Market? Who are the major players in the global market, and what market share do they hold? Who are the major players in various countries, and what market share do they hold? How is the competitive landscape? What are the recent developments in the global Vocational Education and Training Market? What are the different strategies adopted by major players in this market? What are the key geographic trends, and which are the high-growth countries? Who are the local emerging players in the global Vocational Education and Training Market, and how do they compete with other market players? Contact Meticulous Email- sales@meticulousresearch.com Contact Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Us: Research Sales- +1-646-781-8004 Page 2 of 2 Meticulous Research| sales@meticulousresearch.com