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Technical and Vocational Education Market in North America 2016-2020

About the Technical and Vocational Education (TVE) Market in North America

TVE equips people with essential skills to successfully transition from classrooms to workplaces. In many countries, it is referred to as technical vocational education and training (TVET). The TVE system in North America is complex as it incorporates various grade levels, providers, and subject areas. This complexity is because the decision-making regarding the framework of the TVE varies from state to state. demand

Technavio’s analysts forecast the technical and vocational education (TVE) market in North America to grow at a CAGR of 4.13% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the technical and vocational education (TVE) market in North America for 2016-2020. To calculate the market size, the report considers the revenue generated by private vocational and technical training institutions and organizations from courses delivered to individuals.

The market is divided into the following segments based on geography:

  • US
  • Canada
Technavio's report, Technical and Vocational Education (TVE) Market in North America 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Acumen Global Training
  • City and Guilds
  • CfPA
  • SAP
Other prominent vendors
  • Canadian Vocational Training Center
  • CLC Technical Training
  • CleanEdison
  • CORE Education & Technologies
  • Unitek Information Systems
  • VMEdu
Market driver
  • Inherent skill gap issues
  • For a full, detailed list, view our report
Market challenge
  • Threat from corporate training institutes
  • For a full, detailed list, view our report
Market trend
  • Growing demand for middle-skill jobs among millennial workers
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Technical and Vocational Education (TVE) Market in North America 2016-2020

Technavio recognizes the following companies as the key players in the technical and vocational education (TVE) market in North America: Acumen Global Training, City and Guilds, CfPA, and SAP.

Other Prominent Vendors in the market are: Canadian Vocational Training Center, CLC Technical Training, CleanEdison, CORE Education & Technologies, Unitek Information Systems, and VMEdu.

Commenting on the report, an analyst from Technavio’s team said: “A trend that will definitely boost market growth is the growing demand for middle-skill jobs among millennials. According to the National Skills Coalition of the US, 52% of job openings from 2012 to 2020 are predicted to be in middle-skill areas, which require TVE instead of conventional education, such as high school diplomas or bachelor’s degree. Middle-skill jobs include technicians, police, electricians, firefighters, plumbers, welders, dental hygienists, respiratory therapists, and radiologic technicians.”

According to the report, a key growth driver is the inherent skill gap issues. In the US, there are several unfilled job positions, which require middle skills. For, instance lab technicians, advanced manufacturing specialists, and computer programers. School and college curricula are not aligned with employer expectations; employers have observed a lack of necessary skills in employment-ready graduates. With growing concerns about skill gap, more private TVE institutions are venturing into the market to train students for professions that require middle skills.

Further, the report states that one challenge that could restrict market growth is the threat from corporate training institutes.

Companies Mentioned

Acumen Global Training, City and Guilds, CfPA, SAP, Canadian Vocational Training Center, CLC Technical Training, CleanEdison, CORE Education & Technologies, Unitek Information Systems, VMEdu.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Education market in North America
        • Table Education market in North America in 2015
        • Table US government expenditure (% of GDP) 2009-2014
        • Table US education market by segment in 2015
    • TVE market in North America
      • Table TVE market in North America 2015-2020 ($ billions)
      • Table Distribution of jobs in North America by skill level 2015
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • TVE market in North America by product 2015-2020
      • Table TVE market in North America by product segmentation
      • Table TVE market in North America by product segmentation 2015-2020 ($ billions)
      • Table TVE market in North America by product segmentation 2015-2020
      • Table TVE market in North America by product segmentation 2015
      • Table TVE market in North America by product segmentation 2020
    • STEM TVE market
      • Table STEM TVE market in North America 2015-2020 ($ billions)
    • Non-technical TVE market
      • Table Non-technical TVE market in North America 2015-2020 ($ billions)
    • Others
      • Table TVE market in North America by other 2015-2020 ($ billions)
  • Key leading countries
    • TVE market in the US
      • Table TVE market in US 2015-2020 ($billions)
    • TVE market in Canada
      • Table TVE market in Canada 2015-2020 ($ billions)
      • Table Market share of US and Canada in TVE market in North America (%)
  • Market drivers
    • Table Jobs with maximum skill gap in US 2015
    • Table Costs of dropping out
    • Table Benefits of e-learning
    • Table Average student debt of graduates in US 2009-2014 ($)
    • Table Comparison of average annual fee for college education and TVE
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table US government expenditure on training 1995-2014
    • Table Corporate training market in North America 2015-2020 ($ billions)
    • Table MOOCs market in education sector in North America 2015-2020 ($ billions)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Skills tested in WorldSkills competition 2015
    • Table Average annual incomes of major jobs in healthcare industry
  • Vendor landscape
    • Competitive scenario
    • Market vendor analysis
  • Other prominent vendors
  • Key vendor analysis
    • Acumen Global Training
      • Table Acumen Global Training: Course offerings
    • City and Guilds
      • Table City and Guilds: Key application areas
    • CfPA
      • Table CfPA: Training formats
    • SAP
      • Table SAP: Business segmentation by revenue 2014
      • Table SAP: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table SAP: Geographical segmentation by revenue 2014
  • Appendix
    • List of abbreviations
  • Explore Technavio

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