Beyond Borders: An Insight into the Global Study Abroad Market

May 2024

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Anand Rathi Investment Banking is pleased to release a comprehensive report offering an in-depth analysis of the global study abroad industry. This is the 8th report in the education and allied services space by us highlighting our deep understanding of this space.

In this report, we thoroughly examine the dynamic Study Abroad landscape, analyzing outbound and inbound countries and trends, top universities, education market size, scholarship, funding, government initiatives, future prospects and job market for 34 global countries, as listed below:

  1. North America (US, Canada, Mexico): Major Host Continent
  2. Europe (UK, Ireland, France, Germany, Italy, Spain): Major Host Continent
  3. BRICS (Brazil, Russia, India, China, South Africa): Leading Source Region
  4. MENA (Bahrain, Jordan, Egypt, UAE): Major Host Region
  5. ASEAN (Vietnam, Thailand, Philippines, Singapore, Indonesia, Malaysia): Major Source Continent
  6. Rest of World (Australia, New Zealand, Pakistan, Kenya, Japan, Bangladesh, South Korea, Morocco, Ghana, Cameroon): Mix of Host and Source Regions

Key Findings:

  • Global study abroad market to hit $450 billion by 2030, growing at ~7.5% CAGR.
  • Rising tuition fees, living costs, and service expenses impact overall study abroad costs.
  • International student numbers expected to double by 2030, reaching 8 million.
  • UK, US, Australia and Canada host majority of top higher education institutions.
  • Asia and Africa to drive 75% of global demand for international education by 2030.
  • India (19%) and China (14%) lead outbound student flow, comprising ~33% of total.


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