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India Education Industry Demand and Opportunities
AM Mind Power Solutions, Jan 2011, Pages: 53
The report “Education Industry demand and Opportunities- India” gives a detailed description of industry performance, formal and non-formal education system, market size by segments and student enrolment by segments. It also talks about industry trends and growth potential of foreign universities. There are many players participating in the market, Educomp Solutions, Everonn Systems and NIIT are the largest players within the space. The present report has profiled these three players with business overview, financial performance and business strategies.
Education industry is one of the fastest developing sector worldwide, generating large scale revenues and employment. The Global education industry is the second-largest industry after healthcare. It had a market size of ~US$ ~ trillion in 2009 grew from US$~ trillion in 2007. In terms of geography, the US has the largest share in the global education market. The global number of mobile students has increased 53% since 1999. China sends the maximum number of students abroad for global education and the United States hosts the maximum number of students globally.
In India, Private professional institutes are expanding with a strong growth rate which has opened the doors for foreign universities. These days coaching classes are gaining popularity due to rising competition and heavy load of studies. Also there is an opportunity in the test preparation market in India, though institutes are expanding with a continuous growth rate but still there is high potential of growth.
The report “Education Industry demand and Opportunities- India” gives a detailed description of industry performance, formal and non-formal education system, market size by segments and student enrolment by segments. It also talks about industry trends and growth potential of foreign universities. There are many players participating in the market, Educomp Solutions, Everonn Systems and NIIT are the largest players within the space. The present report has profiled these three players with business overview, financial performance and business strategies.
Key Findings
- Private sector has a strong hold in education industry starting from pre-schools to universities, formal IES accounts for almost US$~ 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$~ billion, the organized segment is expected to grow faster.
- Educomp is the industry leader in K-12 segment, also has an 18-24 month lead in multimedia within schools, its K-12 programme.
- The Gross Enrollment Ratio (GER) in higher education in India (percent of relevant age group enrolled in higher education) is estimated at 11%. In comparison, enrollments levels are 60% in the US and 16% in China.
- The Non-formal education market has reached to the level of US$~ billion and expected to grow with a CAGR of 13.23% (US$~ billion) by 2012.
- The worldwide market for online tutoring is estimated to be in the region of US$~ billion. India now earns around US$~ million per year from online tutoring. The franchise industry is in its early stage of development in India.
Scope of the Report
- Gives an overview of the Global Education sector.
- 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.
Products Mentioned:
- Private education system
- Formal IES
- Non-formal IES (coaching classes
- test prepration market vocational training
- online education
- education material
- role of information and communication technology)
- K12 schools
- Multimedia
- Tertiary Education
- Primary education
- Secondary Education
- higher education
- international studies
- franchisee market
- corporate training market
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