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Table of Contents
Education industry is one of the fastest developing sector worldwide, generating large scale revenues and employment. There have been major changes occurred in recent past in the structure and education technology driven by foreign education demand, e-learning and test preparation market. With the effect of globalization, the demand for better education has increased, largely through increased private participation. E-education market is a burgeoning segment with high growth potential in the industry. In 2007-08, US constituted 60% of the global market and Europe accounted for 15% market. In spite of the global economic downturn the number of students going to abroad for studies rising globally. The global education industry has experienced a rapid growth rate supported by rising awareness in developing countries (especially India & China).
Australia has developed an effective and efficient higher education system. Almost one million students enrolled in higher education in 2007, with an increase of almost 4.7% from the level in 2006. In Japan continuing education programs are most on demand due to rapidly aging population and offering opportunities for U.S. extension colleges and universities. Indonesia is regarded as one of the major markets for US educational institutes. There is increased demand in the private education market at the secondary and even primary education level in Korea. English is a very popular language for Belgian citizens, ESL courses has a bright future due to its rising demand in adults and children group.
In India, private sector has a strong hold in education industry starting from pre-schools to universities, formal IES accounts for almost US$~ billion, non-formal IES US$~billion and together almost US$~ billion in 2009.
The report analyzes the unique features of different regions which have contributed significantly to the “Global Education Sector” with a special focus on the possible opportunities for the private players. The markets which contribute to the global education sector include Ireland, EU and Asia-Pacific and also countries coved under these regions. The report also highlights the emerging market which has a huge potential to develop the education industry. The report also discusses the contribution of technology, recent trends and active players in the market. The report has also covered future forecast of education industry in different parts of the world.
-The Global education industry is the second-largest industry after healthcare. It had a market size of US$~ trillion in 2009 grew from US$~ trillion in 2007.
-In 2009, tuition income in Ireland reached to US$~ million, an increase of almost US$~ million from 2006/7, driven by increased number of students in this period.
-In 2009, 6.1 million students graduated in China. Till 1st of July, almost 68% of the students got employed. In comparison to the figures in 2008, there were 520,000 less students, still 68% of the students got employed.
-Indonesia is regarded as one of the major markets for US educational institutes.
-In 2008, the size of South Korea’s private education market is estimated to have grown to 30 trillion won (US$~ billion) from US$~ billion in 2007, with the English learning industry taking up nearly half of the market share.
-In India, Private sector has a strong hold in education industry starting from pre-schools to universities, formal IES accounts for almost US$~ billion, non-formal IES US$~ billion and together almost US$~ billion in 2009
-In terms of total education market revenue, K-12 contribution is the highest as the market size for K-12 school is the biggest in India as compared to other professional courses. By 2012 the overall pre-school market is expected to cross US$~ billion, the organized segment is expected to grow faster.
-Educomp is the industry leader in K-12 segment, also has an 18-24 month lead in multimedia within schools, its K-12 programme in India.
-The UK plays a significant role in contributing to the country’s economy. International students in the UK contribute nearly US$~ billion to the economy.
-There were over 430,000 faculties in around 25,000 schools in England and around 56,000 teachers in around 2,800 schools in Scotland in January 2009.
-Higher education sector contributed US$~ billion into the UK economy in 2008 while the economy generated around US$~ billion in 2005. Universities in the UK now generate a large amount for the UK economy. The sector even generated US$~ billion in 2007-08 in off-campus expenditure by attracting international student.
-In 2008-09, tuition fees raised revenue of US$~ billion for UK universities, which represents approximately 33% of the total university funding.
Scope of the Report
-Gives an overview of the Global Education sector, with discussion of India, China, Australia, Belgium, Europe, UK, Britain, Indonesia and Ireland.
-Analyses past performance, present market and future opportunities with reasons of change.
-Describes sector by detailed description of industry segments and market size. Provides formal and non-formal education industry size, also market size of its sub-segments like pre-school, K12, Higher education, test preparation, coaching classes, etc.
-Discusses industry players positioning, market share, profile and scope for foreign players.
-This research report helps to formulate strategies for the universities/Institutions looking to tap potential markets.
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