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December 17, 2024

The Field That Will Dominate a $10 Trillion Market

The Field That Will Dominate a $10 Trillion Market

Today, we will discuss the fifth part of the next-generation promising careers series: a field set to dominate a $10 trillion market.

The next-generation promising field we’re exploring today is Education.

When discussing the education field, it’s important to note that it extends far beyond becoming teachers or professors. Instead, we will examine the broad and diverse opportunities within the wider Education sector.

Given my expertise in Education, I have a deeper understanding of this industry compared to others, so I encourage you to pay close attention.

each nation

The image above shows population indicators for various countries. Recently, India surpassed China to become the most populous country in the world. Following India and China, the United States ranks third, with South Korea positioned around 29th place.

expenditure

expenditure

Generally, population size acts as an indicator of supply and demand, providing insights into potential needs. To assess market potential, we rely on projections: the Education field is expected to grow into a $10 trillion market by 2030.

u.s. education market

The Education sector continues to expand steadily at an average annual growth rate of 4.5%. Even within the K-12 segment alone—students below the university level—the market is projected to account for approximately $5 trillion by 2030, showcasing the sector's tremendous potential. In the United States specifically, the Education market is estimated to reach $3.1 trillion by 2030, underscoring its significant role within the global market.

birth

Analyzing U.S. immigration trends offers additional insight into the country’s educational prospects.

immigration 2

Immigrant numbers are rising, particularly from Mexico and, among Asian countries, from India, China, and Korea. Notably, the number of Korean immigrants continues to increase steadily.

korea

Now, let’s consider South Korea’s population distribution in 2020 and 2060. In 2020, the number of people in their teens and twenties was already low, reflecting an aging society. By 2060, this aging trend is expected to intensify further.

United States

In contrast, the U.S. population structure in 2020 demonstrates a relatively balanced demographic, with a substantial number of individuals in the 10–20 age group—a key age bracket for education. Even by 2060, while some aging is projected, the population in the education-receiving age range will remain relatively high compared to other countries.

As evidenced by U.S. population and immigration trends, the population actively participating in learning is significant and expected to stay so for the next 34 years.

However, it’s not just about the number of learners; what they learn is equally crucial. The Education field extends beyond teenagers and also encompasses adult learners, serving a broad range of ages. With technological advancements, children are increasingly learning essential skills like coding and computer programming, reflecting societal changes that continue to expand learning needs.

Let’s briefly review the essentials of modern education:

  • Coding and Programming – Now considered fundamental skills

  • Digital Literacy – Teaching older adults how to use digital devices

  • Data Science and Analytics

  • Artificial Intelligence (AI) and Machine Learning (ML)

  • Cybersecurity

  • Financial Literacy

  • Environmental Science and Sustainability

  • Global Citizenship and Cultural Competency

  • Entrepreneurship and Innovation

  • Robotics and Automation

Given the wide range of skills to acquire, I believe students in their teens should aim to study at least two of the areas listed above. These will likely become foundational skills, requiring students to develop multiple competencies in the future.

Interestingly, many of today’s popular university majors didn’t even exist in the past.

Many modern majors are interdisciplinary, combining multiple fields. Here are some examples:

  • Management Science and Engineering (MS&E): Combines business, data analytics, and engineering

  • Symbolic Systems: Integrates computer science, cognitive science, and philosophy

  • Computational Biology: Blends biology and computer science

  • Media Arts and Sciences: Merges arts, design, and computer engineering

  • Biomedical Informatics: Combines medicine and data science

  • Environmental Science and Engineering: Integrates environmental studies and engineering

  • Computation and Neural Systems: Merges computer science with neuroscience

  • Space Engineering: Combines space science and engineering

  • Energy Engineering: Integrates physical sciences and engineering

  • Data Science: Combines statistics and computer science

  • Computational Social Science: Blends social sciences with computational methods

  • Financial Mathematics: Combines finance with advanced mathematics

  • Digital Media Design: Merges computer graphics, art, and psychology

  • Health Care Management: Integrates business administration with public health

  • Sustainable Development: Combines economics, environmental science, and public policy

  • Biomedical Engineering: Integrates life sciences with engineering

As we can see, the scale and complexity of what we study today have grown significantly. Additional examples include:

  • Neuroscience and Psychology: Combines neuroscience with psychology

  • Ethics, Politics, and Economics (EP&E): Integrates moral philosophy, political theory, and economic analysis

  • Cognitive Science: Blends psychology, anthropology, and computer science

  • Information Science: Combines computer science with social sciences

  • Robotics: Merges mechanical engineering, electrical engineering, and computer science

  • Innovation and Entrepreneurship: Blends business with engineering

  • Global Health: Combines public health, anthropology, and policy studies

With growing populations and ongoing industrial advancements, the demand for learning is rising.

Within the Education sector, key emerging fields include:

  • Education Measurement

  • Educational Statistics

  • Educational Assessment

These fields focus on analyzing student data, including psychological factors and behavioral patterns, to design optimal learning methods. While typically studied at the graduate level, they are becoming increasingly important, with AI enhancing their capabilities.

global race

For those interested in these fields, starting with undergraduate studies in psychology, statistics, or education is an excellent approach, followed by graduate studies in Education Measurement, Statistics, or Assessment.

Compared to other industries, Education often has lower barriers to entry, making it a strong starting point. Combining Education with fields like Computer Science can further improve career prospects.

Investment trends over the past decade reveal significant funding in Education from countries such as the U.S., India, and across Europe, signaling a bright future for the sector.

Additionally, major tech companies are increasingly entering the Education space, offering tools such as:

  • Google Classroom

  • Chromebooks

  • Microsoft Teams

While these tools are often provided for free, their intent isn’t purely charitable. Big tech recognizes Education’s potential and aims to expand their reach and integrate users into their ecosystems.

For instance:

  • Amazon offers free educational tools through AWS Educate and provides Kindle resources.

  • Apple runs programs like Apple Education and Everyone Can Code to train future developers.

Education is a field full of possibilities, making it one well worth exploring.

Today, we examined Education as a promising career field. For further inquiries, please contact A-One Institute.

Thank you!

 

Education

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