Overview of the International Student Recruitment Market:
The international student recruitment sector is experiencing remarkable expansion, marked by a rising influx of students pursuing education abroad. Notably, in the academic year 2021-22, the UK hosted a total of 679,970 international students, comprising 120,140 from the European Union (EU) and 559,825 from non-EU countries. During the year ending September 2023, there were 486,107 sponsored study visas granted, along with 104,501 Graduate route visas for main applicants.
The surge in demand for international education is propelled by factors such as globalization, the pursuit of career opportunities, and the quest for high-quality education. Over the period from 2000 to 2021, the global market for international education witnessed an astounding 600% growth, culminating in a $124 billion industry. According to a study by HolonIQ, this market is projected to skyrocket to $433 billion by 2030, marking an impressive increase from the current $196 billion. The growing middle-class populations, increasing disposable incomes, and the desire for global exposure and superior educational prospects are fueling this trend.
