Study Abroad Institution Service Market Scope
Study abroad institution services provide consultation and help students to choose a program according to their need, visa assistance, overseas work permit, and other service comes with abroad education such as accommodation services. These services change according to the student’s educational preferences like high school, university, post-graduation, and Ph.D. These services provide a full process or half process according to the demand of students. Thus, increasing demand from students and growing popularity of international education give rise to the study abroad institution services market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | IES Abroad (United States), CIEE (United States), Eic Education JLL (China), IDP Education (Australia), CISabroad (United States), American institute for foreign study (United States), CEA (United States), CAPA (United States), Edwise International (India), New Oriental Vision (China), Academic Programs International (United States), IEC Abroad (United Kingdom), The Institute for Study Abroad (United States), DIS (Denmark) and AFS (India) |
CAGR | % |
Many competitors in this market adopt various digital technology to enhance their service competences 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 a stiff competition among them to encourage students to pursue higher training, internationally
IES Abroad (United States), CIEE (United States), Eic Education JLL (China), IDP Education (Australia), CISabroad (United States), American institute for foreign study (United States), CEA (United States), CAPA (United States), Edwise International (India), New Oriental Vision (China), Academic Programs International (United States), IEC Abroad (United Kingdom), The Institute for Study Abroad (United States), DIS (Denmark) and AFS (India) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Study Abroad Institution Service market by Type and Region with country level break-up.
On the basis of geography, the market of Study Abroad Institution Service 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In September 2022, IDP Education acquired Intake Education. This acquisition helped IDP Education to expand in Nigeria, Ghana, Kenya, Philippines, Taiwan UK and India. This acquisition strengthened IDP Education position in study abroad institution services market
In 2021, EIC Education partnered with UNSW and launched offline learning centre. UNSW is one of the top university in Australia. This partnership helped EIC Education to strengthened its presence in study abroad institution services market
Influencing Trend:
Increasing Demand for Short Term Study Programme
Market Growth Drivers:
Increasing Demand for International Education in Students for Foreign Opportunities and Rising Disposable Income across the Globe
Challenges:
Increasing Use of Open-Sourced Education Material
Restraints:
Studying Abroad Institutional Services Are Expensive
Opportunities:
Increasing Demand for Demand for Quality Education as well as Study Abroad Services
Key Target Audience
Study Abroad Institution Service Provider, Potential Investors, Research and Development Institutes, End Users and Others