![Technical And Vocational Education Market](https://www.skyquestt.com/assets/frontend/images/upcoming_reports_cover_image.jpg)
Report ID: UCMIG50J2012
Report ID:
UCMIG50J2012 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2021, the global market for technical and vocational education experienced significant expansion, achieving an estimated valuation of around USD 622.4 billion. This notable growth can be attributed to several factors, including the rising demand for proficient and employment-ready individuals across diverse industries, the prioritization of workforce development, and the necessity for specialized training to meet the changing needs of the job market. The market's expansion is propelled by the adoption of technical and vocational education programs by individuals seeking career progression, as well as by governments and organizations investing in vocational training initiatives to bridge the skills gap and stimulate economic development.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Interactive Media & Services by segment aggregation, the contribution of the Interactive Media & Services in Media & Entertainment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG50J2012