Technical and Vocational Education Market to Reach USD 1,793.00 Billion by 2032 Driven by Skill-Based Learning Demand
Technical and Vocational Education Market is growing rapidly due to rising demand for skill-based learning and digital training access.
Pune, June 02, 2025 (GLOBE NEWSWIRE) — Technical and Vocational Education Market Size Analysis:
“The Technical and Vocational Education market was valued at USD 737.30 billion in 2023 and is projected to reach USD 1,793.00 billion by 2032, expanding at a compound annual growth rate (CAGR) of 10.43% during the forecast period from 2024 to 2032.”
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Major Players Analysis Listed in this Report are:
- Acumatica, Inc.
- Adobe Inc.
- Amazon Web Services, Inc.
- Articulate Global LLC
- Babcock International Group PLC
- CEGOS
- Coursera Inc.
- IBM Corporation
- learndirect
- Pearson
- TÜV Rheinland
- Udacity, Inc.
- Vocational Training Charitable Trust (VTCT)
- LearnKey
- LinkedIn Learning
- K12 Inc.
- University of Phoenix
- Southern New Hampshire University
- NIIT Limited
- WGU
- City and Guilds
- YouTube Education
- edX
- Skillsoft
Technical and Vocational Education Market Report Scope:
| Report Attributes | Details |
| Market Size in 2023 | US$ 737.30 Billion |
| Market Size by 2032 | US$ 1793.00 Billion |
| CAGR | CAGR of 10.43 % From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Key Segments | • By Course Type (STEM, Non-STEM)
• By Learning Mode (Online, Offline) • By Organization (Public, Private) • By End Use (Academic Institutions & Individuals, Corporates) |
| Key Growth Drivers | Meeting Industry Needs Through Specialized Skills: The Role of Technical and Vocational Education in Workforce Development |
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This robust growth is fueled by a rising demand for skill-based learning, increasing youth unemployment, and a noticeable gap between what academic education offers and what the job market actually needs. Both governments and private companies are pouring resources into vocational training to help people gain the skills that are relevant in today’s industries. Plus, the use of digital tools and online platforms is making technical education more accessible and efficient than ever.
The U.S. Technical and Vocational Education market was valued at USD 133.49 billion in 2023 and is anticipated to reach USD 317.06 billion by 2032, growing at a CAGR of 10.09% from 2024 to 2032.
By Course Type, Non-STEM Segment to Register Fastest Growth in Technical and Vocational Education Market
The Non-STEM segment is projected to grow at the fastest CAGR of approximately 12.29% from 2024 to 2032. This growth is fueled by a rising demand for vocational skills in fields like healthcare, business, and the creative arts, all of which are seeing a boost in job opportunities.
By Learning Mode, Online Segment Expected to Record Fastest Growth in Technical and Vocational Education Market
The online segment is projected to grow at the highest CAGR of approximately 11.85% from 2024 to 2032. This growth is fueled by the increasing use of digital platforms that provide flexibility, affordability, and access from anywhere in the world. Online TVE programs are particularly beneficial for working professionals, remote learners, and individuals in underserved areas, allowing more people to engage in vocational training and addressing the rising need for skill development outside of traditional classroom settings.
By Learning Mode, Academic Institutions & Individuals Segment Dominated Technical and Vocational Education Market
In 2023, the Academic Institutions & Individuals segment held the largest revenue share of around 73% in the Technical and Vocational Education market. This strong position comes from the heavy reliance on academic institutions for organized vocational training, along with a growing number of people eager to develop their skills.
By Organization, Public Segment Dominates Technical and Vocational Education Market in 2023 Due to Government Support and Widespread Accessibility
In 2023, the public segment accounted for approximately 73% of the Technical and Vocational Education market revenue. This leadership is driven by extensive government-supported programs that provide affordable vocational training. Public institutions have the advantage of solid infrastructure, extensive industry connections, and robust funding, which enables them to serve large populations, particularly in underserved areas. This approach not only aligns education with the needs of the national labor force but also boosts job opportunities in both emerging and traditional sectors.
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Europe Led the Technical and Vocational Education Market, Asia Pacific Set to Record Fastest Growth
In 2023, Europe accounted for the largest revenue share of approximately 36% in the Technical and Vocational Education market. This leadership stems from its mature educational systems, extensive government support, and strong emphasis on workforce-ready skills. European nations offer a wide range of TVE programs aligned with industry needs, and their thriving economies and low unemployment rates continue to drive demand for specialized vocational training across diverse sectors.
Asia Pacific is projected to grow at the fastest CAGR of about 12.10% between 2024 and 2032. This growth is powered by rapid industrialization, urban expansion, and a rising demand for skilled labor in developing economies. Countries like China and India are ramping up investments in vocational education to address talent shortages. Government-led employment initiatives and a growing youth population are also fueling widespread adoption of TVE programs across the region.
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