Study Abroad Agency Market Scope
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 | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
CAGR | % |
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.
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.
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 Agency market by Type and Region with country level break-up.
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).
region held largest market share in the year 2021.
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.
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
Key Target Audience
Students, Potential Investors, Educational Research and Development Institutes and Others