Georgia Higher Education Market Size By Course (Undergraduate, Master’s and PhD), By Institution (State (Public) Institutions and Private (Non-public) Institutions), By Mode (Online and Offline), By Geographic Scope And Forecast

Georgia Higher Education Size And Forecast

Georgia Higher Education Market size was valued at USD 236.4 Million in 2022 and is projected to reach USD 449.4 Million by 2030, growing at a CAGR of 8.53% from 2023 to 2030.

The higher education sector of Georgia is expected to benefit from a rising number of students of older age groups, which are enrolling for master’s and doctoral degrees. In addition, growing urbanization is also supporting the growth of private enrollment as a result of concentrated demand and higher incomes. The Georgia report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Georgia Higher Education Definition

Enrolment in higher education in Georgia has been on the rise. The higher education market is anticipated to be stimulated by the rising student enrolments. A significant factor in the expansion of the Georgia Higher Education Market is also the sector’s growing globalization. However, a major restriction that could further impede market expansion during the projection period is insufficient financial resources.

Online education and distant learning have become more and more popular in recent years. Governments are likely to be very interested in e-learning given its potential in higher education and the wide range of potential ramifications for institutions and students. Because it allows for greater flexibility in terms of times and locations, hybrid learning is currently receiving more attention. In higher education classrooms, where technology is combined with in-person instruction, there is flexibility and accessibility to educational resources, including lecturers, faculty, and course materials

Georgia Higher Education Overview

The higher education sector of Georgia is expected to benefit from a rising number of students of older age groups, which are enrolling for master’s and doctoral degrees. The adult segment in tertiary education is growing significantly in the country. According to the National Statistics Office of Georgia, currently, 14.3% of total higher education enrollment comes from students who are 25 years old and more, up from 6.6% in 2009. Limited employment prospects are another reason pushing students to attend master’s programs. Over the last three years, on average 5.8% of admissions to bachelor-level programs have been students who already have a higher education degree.

The number of student enrollment in private institutes for higher education is rising significantly in Georgia. With limited public resources to offer high-quality higher education, the Georgian government has created a favorable business environment for private education providers to fill the gap. As a result, Georgia has a greater prevalence of private education than its peers in the European region as well as many Western European countries. Therefore, owing to the favorable business environment and growing demand, the private (for-profit) higher education sector has grown rapidly, over the past few years.

In addition, growing urbanization is also supporting the growth of private enrollment as a result of concentrated demand and higher incomes. Batumi, Tbilisi, and Kutaisi are the most attractive cities for private higher education in Georgia. With an increased number of urban residents and a greater middle-income population, private enrollments are expected to increase over the forecast period.

While higher education spending per student is proportionately greater than primary or secondary education spending, absolute amounts of public funding are still low by international standards. Expenditures of households, on the other hand, indicate that while the revenues are growing, spending on education is declining.

Georgia Higher Education MarketSegmentation Analysis

The Georgia Higher Education Market is segmented on the basis of By Course, By Institution, and By Mode.

Georgia Higher Education Market, By Course

• Undergraduate
• Master’s
• PhD

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Based on the Course, the market is bifurcated into Undergraduate, Master’s, and PhD. Undergraduate accounted for the largest market share and is projected to grow at a CAGR of 8.96% during the forecast period.

After high school but before the postgraduate study is undergraduate higher education. A student who is seeking a degree at the first level of higher education at a university or a college is said to be an undergraduate. Over the past 20 years, there has been a sharp rise in the total number of undergraduates attending colleges and universities around the world. This growth has been driven almost entirely by an influx of students from low-income families, increased interest in higher education, rising incomes, and students of colour. However, there are significant regional differences in undergraduate enrollment.

Georgia Higher Education Market, By Institution

• State (Public) Institutions
• Private (Non-public) Institutions

On the basis of Institution, Georgia Higher Education has been segmented into State (Public) Institutions and Private (Non-public) Institutions. State Institutions accounted for the largest market share and is projected to grow at a CAGR of 8.05% during the forecast period.

Higher education institutions known as public colleges and universities receive the majority of their funding from state governments. State governments typically provide funding for public institutions, allowing them to charge students lower tuition rates. In the higher education market, public colleges and universities are almost always less expensive to attend than private ones. Class sizes at public colleges and universities tend to be greater than those at private schools. Public universities frequently feature free tuition for enrolled students or cap their tuition costs, making them (typically) less expensive than private institutions.

Georgia Higher Education Market, By Mode

• Online
• Offline

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On the basis of Mode, Georgia Higher Education Market has been segmented into Online and Offline. Offline accounted for the largest market share and is projected to grow at a CAGR of 8.27% during the forecast period.

Higher education that is not online is intended to foster character development and provide learning opportunities beyond the classroom. Students from many cultures, viewpoints, and backgrounds come together in the classrooms as a melting pot. Additionally, the offline learning mode promotes the development of enduring relationships. ICT use has expanded into traditional classroom settings as well. With the use of multimedia components like movies, photos, animation, etc., offline courses have been carefully curated. This has added interest to the educational process. The importance of two-way communication between students and teachers has grown. It is encouraged for students to participate actively in class discussions. In the higher education industry, regular written exams that serve as tools for evaluation and boost student competition are a key component of offline mode.

Key Players

The “Georgia Higher Education Market” study report will provide valuable insight with an emphasis on the market including some of the major players such as Caucasus University, David Tvildiani Medical University, European University, Georgian Institute Of Public Affairs, Georgian Technical University, Gori State Teaching University, Ilia State University, International Black Sea University, International Teaching University Of Georgia (Tbilisi Teaching University Gorgasali), Ivane Javakhishvili Tbilisi State University. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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