Latin America Technical And Vocational Education Market Size & Outlook
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Latin America technical and vocational education market highlights
- The Latin America technical and vocational education market generated a revenue of USD 28.2 million in 2024.
- The market is expected to grow at a CAGR of 10.1% from 2025 to 2030.
- In terms of segment, stem was the largest revenue generating course type in 2024.
- STEM is the most lucrative course type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 28.2 million |
| Market revenue in 2030 | USD 50.0 million |
| Growth rate | 10.1% (CAGR from 2025 to 2030) |
| Largest segment | Stem |
| Fastest growing segment | STEM |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | STEM, Non-STEM |
| Key market players worldwide | Acumatica, Amazon Web Services, Adobe Inc, Articulate, City & Guilds Group, TUV Rhienland OpenSky Inc., Babcock International Group PLC, Pitman Training, Cegos, learndirect, International Business Machines Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.5% of the global technical and vocational education market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 500.1 million by 2030.
Stem was the largest segment with a revenue share of 85.82% in 2024. Horizon Databook has segmented the Latin America technical and vocational education market based on stem, non-stem covering the revenue growth of each sub-segment from 2018 to 2030.
Against the backdrop of the thriving industrialization of the Latin America economy, there is an increasing demand for skilled workforce to support various sectors such as manufacturing, technology, and services. There is a recognized need to bridge the skills gap between the education system and labor market requirements, which further drives investment in TVE programs.
Moreover, collaborations between educational institutions and industries ensure that vocational training programs are aligned with current market needs and technological advancements. Thus, the market in the region is growing rapidly.
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Technical And Vocational Education Market Scope
Technical And Vocational Education Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| learndirect | View profile | 101-250 | Sheffield, Sheffield, United Kingdom, Europe | http://www.learndirect.com/ |
| Cegos | View profile | 51-100 | Singapore, Central Region, Singapore, Asia | https://www.cegos.com.sg/ |
| Pitman Training | View profile | - | Wetherby, York, United Kingdom, Europe | https://www.pitman-training.com/ |
| TUV Rhienland OpenSky Inc. | View profile | 251-500 | Littleton, Massachusetts, United States, North America | http://www.tuvopensky.com |
| City & Guilds Group | View profile | 1001-5000 | London, England, United Kingdom, Europe | https://www.cityandguilds.com/ |
| Acumatica | View profile | 101-250 | Kirkland, Washington, United States, North America | http://www.acumatica.com |
| Amazon Web Services | View profile | 10001+ | Seattle, Washington, United States, North America | http://aws.amazon.com |
| Articulate | View profile | 251-500 | New York, New York, United States, North America | http://www.articulate.com |
| Babcock International Group PLC | View profile | 26735 | 33 Wigmore Street, London, United Kingdom, W1U 1QX | https://www.babcockinternational.com |
| Adobe Inc | View profile | 29945 | 345 Park Avenue, San Jose, CA, United States, 95110-2704 | https://www.adobe.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
Latin America technical and vocational education market size, by country, 2018-2030 (US$M)
Latin America Technical And Vocational Education Market Outlook Share, 2024 & 2030 (US$M)
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