What are the ascendant trends in global education markets?
A significant shift towards online education or e-learning is one of the most prominent trends across global markets, accelerated by the COVID-19 pandemic. This paradigm shift looks set to continue even as societies revert to more normal conditions. The implementation of Artificial Intelligence (AI) in teaching is another leading trend, with AI tutoring and virtual learning environments promising customized learning experiences tailored to individual students needs.
Which emerging markets are leading in educational advancement?
Emerging markets display intriguing trends uniquely their own. China, for instance, has become a powerful force in the ed-tech segment, with startups attracting substantial investment. India too exhibits rapid sector growth, facilitated by a flourishing of online learning platforms such as BYJU's. In Africa, mobile learning is on the rise, driven by increasing smartphone penetration and the need to address educational infrastructure deficits.
How are traditional education models adapting to the changing landscape?
Traditional education models are under considerable pressure to modernize and adapt. Across developed economies, the integration of technology into classrooms is becoming increasingly common, suggesting a move towards blended learning models that combine traditional and digital teaching methods. Moreover, tertiary education institutions are adopting radical changes to curricula and delivery methods to stay relevant in the increasingly competitive education market.
Key Indicators
- Gross Enrollment Ratio (GER)
- Public Expenditure on Education
- Literacy Rate
- Youth Unemployment Rate
- Student to Teacher Ratio
- Education Technology Market Value
- Number of eLearning Enrollments
- International Student Mobility
- Private Sector Investment in Education
- Number of Accredited Educational Institutions
Key Trends
- Increasing Digitization and Online Learning
- Pattern of Rising Education Costs
- Global Expansion of Market Players
- Adoption of Artificial Intelligence and Machine Learning
- Emphasis on Skill-based Learning
- Growth of Private Tutoring and Supplementary Education
- Transformation of Classroom Infrastructure
- Popularity of MOOCs and Online Certification
- Inclusion of STEM Education
- Development of Lifelong Learning and Adult Education