There are around 1.3 billion children, adolescents and youths enrolled in primary and secondary schools worldwide. In addition, around 240 million are students enrolled in tertiary education worldwide meaning that roughly 20% of the global population is participating in primary, secondary or tertiary education.
The majority of education worldwide is government funded, with governments in most developed countries spending 5-6% of GDP on education. The global educational services market (private sector revenue from educational goods and services, including work-related training) has been estimated by The Business Research Company to be growing at around 8% a year and is forecast to reach USD1.6 trillion by 2022.
Educational technology (EdTech) is a rapidly growing area within educational services and a major focus for market research. Analysts disagree about the value of the EdTech market (e.g. Frost and Sullivan has estimated it at around USD20 billion in 2018 while Barclays has estimated it at USD150 billion) but there appears to be general acceptance that there is double-digit annual growth.
Besides carrying out academic research on education and EdTech, FieldworkHub has also assisted clients in the education sector by recruiting respondents for a number of university-led academic research studies.
