About Study Abroad Agency
Study Abroad Agency is engaged in providing career counselling to aspiring students by understanding their unique requirements. These professionals assist international students in course identification based on their interests, aptitude, and financial ability. The agency provides admission guidance, visa assistance, accommodation supervision, and assured safety during application process. Growing educational needs and ease of getting into universities in foreign countries propels the spending on professional agencies that guides interested students for studying abroad.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 1.11% |
Many competitors in this market adopt various digital technology to enhance their service competencies and offerings. The companies’ ability to drive robust engagement with students with the help of overseas educational assistance services aids in establishing strategic relationships with global universities. Due to increased indulgence and incorporation of educational technologies by several key players, there is stiff competition among them to encourage students to pursue higher training, internationally. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Study Abroad Agency market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aoji (China), New Oriental Vision (China), Eic Education JLL (China), KC Oversea Education (India), Education Dynamics LLC (United States), Santamonica Study Abroad Pvt. Ltd. (India), IEC Abroad (UK), Uni Agents (Australia), Bossa (China) and Edwise International (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Study Abroad Agency market by and Region.
On the basis of geography, the market of Study Abroad Agency has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Type, the sub-segment i.e. High School will boost the Study Abroad Agency market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Services Offered, the sub-segment i.e. Admission Guidance will boost the Study Abroad Agency market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Global Student International Mobility for Quality Education Programs
Market Growth Drivers:
Increasing Spending Capacity on Education by the Population and Changing Student Expectations and Emerging Technologies
Challenges:
Increased Competitiveness among Countries to Attract International Students and Rising Popularity of Free or Open-Sourced Education Material
Restraints:
Fluctuations in the Economic Stability
Opportunities:
Inclination of Students towards Learning Artificial Intelligence and Machine Learning Courses from Foreign Universities
Market Leaders and their expansionary development strategies
In September 2022, IDP Education proclaimed to acquire Intake Education to expand its portfolio covering numerous destinations including Nigeria, Ghana, Kenya, Philippines, Taiwan, the UK, and India. Intake Education is an international student support agency that enrolls students in partner universities overseas.
In 2021, EIC Education formed a partnership with UNSW to set up the offline learning center of UNSW Foundation programs in China. UNSW is one of the top 50 universities in Australia. In addition, EIC Education also facilitates the alliance and cooperation of China with overseas universities to establish numerous joint programs in China.
Key Target Audience
Students, Potential Investors, Educational Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.