Market intelligence for international student recruitment from ICEF
5th Apr 2023

A big picture view of student mobility through 2050

Short on time? Here are the highlights:
  • A new analysis from HolonIQ projects an additional one billion post-secondary graduates worldwide through 2050
  • Driven by that strong demand for higher education, international student numbers are also expected to surge through the rest of this decade and beyond
  • Total direct spending by international students is projected to more than double from pre-pandemic levels to reach US$433 billion by 2030

A March 2023 webinar from sector research specialists HolonIQ set the stage for an expanded effort to map global student flows, and highlighted important projections for the coming decades.

In "Mapping International Education: Market trends, global flows, and futures," HolonIQ’s Co-CEO, Patrick Brothers, and Vice President, Education, Lucy Blakemore, drew on macro-economic and population indicators to make a case for expanding global demand for higher education over the next 30 years.

Previous analyses from HolonIQ have projected that global mobility for higher education would expand from a pre-pandemic level of five million students to as many as eight million students abroad by 2030. Mr Brothers and Ms Blakemore reflected on that forecast during the webinar – and said it now appears to have been too conservative.

They noted in particular the rapid expansion of populations in Asia and Africa. Both continents are expected to account for a greater share of the world’s population as we move towards the end of this century. Asia and Africa are projected to account for approximately 80% of the total global population somewhere between 2060 and 2070.

Those overarching trends have helped to inform a further projection from HolonIQ that there will be an additional one billion post-secondary graduates added through 2050, three in four of whom will come from either Asia or Africa.

Left: Billions of people with a formal post-secondary credential by continent, 1970–2050 (forecast). Right: Millions of new post-secondary graduates by decade and continent, 2020–2050 (forecast). Source: HolonIQ

The analysis concludes that many students will be seeking an English-taught degree or qualification. Roughly half of the top 500 universities worldwide are in the US, UK, Canada, or Australia.

Global demand considerably exceeds the enrolment capacity of those top tiers of institutions, however. which will lead to a more competitive context for international recruitment going forward.

Shifts in share

HolonIQ points out that the "big four" destinations have collectively held a very steady share of internationally mobile students since 2000. Those destinations' combined share has been stable at about 37% over the past 20+ years. The US, UK, Australia, and Canada's combined share of direct spending by international students worldwide is very high (80%), mainly because the cost of living and tuition is higher in those four countries than in most other countries.

Combined market share of international student enrolments for the US, UK, Australia, and Canada, relative to rest of world, 2000–2020. Source: HolonIQ

Mr Brothers noted that within the "big four," there have been notable shifts since 2000 in market share of international students. The US, in particular, has lost approximately 15% in share to the UK, Australia, and Canada since 2000, especially between 2015 and 2020. Canada gained the most share in that period.

Shifts in market share of international student enrolments between the US, UK, Australia, and Canada, 2000–2020. Source: HolonIQ

Along with the projected dramatic growth in international student numbers through the rest of this decade, HolonIQ is forecasting a major expansion of direct spending on international education. Total student spending is expected to more than double to US$433 billion by the end of this decade (from a pre-pandemic base of just under US$200 billion).

That forecast is informed by a number of important strategic shifts affecting international education, including:

  • The emergence of new types of credentials, notably shorter more flexible qualifications and even micro-credentials;
  • A closer integration between higher education, employment skills, and work;
  • New dimensions of competition across borders, including a greater emphasis on transnational education or remote delivery;
  • The normalisation of multi-channel learning, with an expanding range of delivery modes and student experiences integrated within programmes of study.

For additional background, please see:

Most Recent

  • UK confirms Graduate Route will remain in place; plans “crackdown” on student visas and “rogue agents” Read More
  • Will the US host 2 million international students within the decade? Read More
  • Ghanaian students are intent on study abroad but currency woes present a challenge Read More

Most Popular

  • Canada’s foreign enrolment grew by more than 30% in 2022 Read More
  • Measuring cost of study and cost of living across study destinations Read More
  • Recruiting in the Emirates: Big goals, world-class education, and new scholarships Read More

Because you found this article interesting

Will the US host 2 million international students within the decade? A new analysis from international research firm HolonIQ sets out four future growth scenarios for foreign enrolment in...
Read more
Survey of Japanese agents indicates significant recovery in outbound student numbers for 2023 The annual survey of The Japan Association of Overseas Studies (JAOS) has just been released. This year’s survey...
Read more
EU sets goal of sending at least 23% of university students and 12% of VET students abroad by 2030 Erasmus+, already the world’s largest student mobility programme, will play a significant role in a new goal set...
Read more
UK: Review finds no abuse of Graduate Route; recommends that current work rights remain in place for international students Following months of speculation, the UK’s Migratory Advisory Committee (MAC) has concluded its “rapid review” of the Graduate...
Read more
UK: Home Office data finds a significant drop in student visa applications for first quarter of 2024 The UK’s tightened immigration settings are having a profound effect on international student demand for educational programmes in...
Read more
Foreign exchange: What could a stronger pound and dollar mean for international students this year? In the first months of 2024, immigration policy changes in Australia, Canada, and the UK have been a...
Read more
US gains greater share of international student interest amid policy changes in competitor destinations For the first time in IDP Education’s Emerging Futures research, the US has emerged as the top-choice destination...
Read more
The other side of a “V-shaped” recovery: 2024 and the transition to steadier growth in international enrolment “The year ahead will likely be a transitional one, marking both the end of the post-COVID era and...
Read more
What are you looking for?
Quick Links