Education Sector in Singapore to 2019 – Market Size and Intelligence Report

  • ID: 2925638
  • Report
  • Region: Singapore
  • 65 Pages
  • Indalytics Advisors
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The report ‘Education Sector in Singapore to 2019 - Market Size and Intelligence’ discusses the current market size of the Singapore’s education sector. It segregates the market size on the basis of various levels of education, starting from school to higher education.

The report discusses the forecasted market size and year–wise growth of the sector till 2019, along with the various drivers, which will lead to this growth. It further discusses the various trends that are shaping the education sector.

Various regulations pertaining to entering Singapore’s education market are also mentioned in the report, along with the profile of key players that are active in private education space.

Singapore has one of the highest literacy rates (96.4%) among the developing countries - with a combined gross enrollment ratio of approximately 108.5%. The country caters to approximately 17% of its population across various levels of education, and spends approximately 21% of its total government expenditure on education.

Almost half of the Singapore’s education sector is dominated by higher education, followed by school education, and vocational education and training. The sector has benefitted from high government spending of approximately one-fifth of the total fiscal budget on education, and demand from international students.

Demand for private education is coming from both locals, as well as expatriates staying in Singapore. The country is witnessing an increase in number of private educational institutions, especially in higher education - which is also attracting several international students. Demand for higher education is further supported by the intra-region mobility among ASEAN countries. Singapore is also witnessing increased use of technology, as the students are actively using the internet for education.

Singapore’s education sector is expected to grow at a compound annual growth rate (CAGR) of approximately 2.22% till 2019. The growth will be driven by various factors, such as increased government and private spending on education, demand from expatriates and non-residents representing 29% of the population, and increased use of technology.

Research Methodology

This report has been prepared through the following comprehensive methodology:

The market definitions used in the reports are the standard definitions recognized by the industry. In this report, the market size of the education sector is defined as the sum total of core expenditure of teaching students. It includes the fees paid by students in private schools and higher education institutions, as well as the government expenditure per student in case of public schools and higher education institutions.

Bases of all the figures are taken from the statistics provided by the government, ministries, as well as prominent organizations such as the World Bank, International Monetary Funds, UNESCO Institute of Statistics, World Factbook - CIA etc. The data is further validated through credible analyst reports, white papers by industry organizations, questioners and expert interviews.
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1. Education System in Singapore

2. Market Size of Singapore’s Education Sector

3. Forecasted Market Size of Singapore’s Education Sector

4. Drivers Impacting Singapore’s Education Sector
- Driver 1
- Driver 2
- Driver 3
- Driver 4

5. Trends in Singapore’s Education Sector
- Trend 1
- Trend 2
- Trend 3
- Trend 4

6. Setting-up a Private Educational Institution in Singapore

7. 5-forces Analysis of Education Sector in Singapore
- Threat of New Competition
- Threat of Substitute Products and Services
- Bargaining Power of Buyers
- Bargaining Power of Suppliers
- Intensity of Competitive Rivalry

8. Profiles of Major Players
- Crestar Education Group Private Limited
- Ednovation Private Limited
- EtonHouse International Holdings Private Limited
- Informatics Education Limited
- Kaplan Singapore
- Marshall Cavendish Education Private Limited
- NTUC LearningHub Private Limited
- Overseas Education Limited
- Raffles Education Corporation Limited
- TMC Education Corporation Limited

9. Annexure

List of Figures:

Figure 1: Education System in Singapore
Figure 2: Singapore’s Education Sector - Market Size (S$ billion / US$ billion)
Figure 3: Singapore’s Education Sector - Public and Private Education - Enrollments
Figure 4: Singapore’s Education Sector - Public and Private Education - Market Size
Figure 5: Forecasted Market Size of Singapore’s Education Sector - 2014(E)-2019(F)
Figure 6: Government Spending on Education - 2010-2014
Figure 7: Government Spending on Education - Operational and Development Projects
Figure 8: Population of Singapore - 2010-2014
Figure 9: Population Growth in Singapore - Residents and Non-residents
Figure 10: Breakup of Singapore’s Population - Residents and Non-residents - 2013
Figure 11: GDP Growth Rate of Singapore, as compared to Other Countries
Figure 12: Household Broadband Access (%) in Singapore - 2003-2013
Figure 13: Internet Usage for Education and Learning Activities in Singapore - By Age Groups
Figure 14: Singapore Government Expenditure on Technology in Education - 2013-2014
Figure 15: Private Educational Institutions in Singapore - By Types
Figure 16: Enrollment in Private Educational Institutions in Singapore - By Types of Institutions
Figure 17: Enrollment in Private Educational Institutions in Singapore - Residents and non-residents
Figure 18: Enrollment in Private Educational Institutions in Singapore - By Types of Courses
Figure 19: Enrollment in Postsecondary Courses in Private Educational Institutions in Singapore - By Types of Courses
Figure 20: International Students in Government and Private higher Education Institutions in Singapore
Figure 21: Visitors from ASEAN Countries in Singapore - 2010-2013
Figure 22: Five Forces Analysis of Singapore’s Education Sector
Figure 23: Number of Teaching Staff in Singapore
Figure 24: Break-up of Singapore’s School Education, Higher Education and Vocational Education Market into Government and Private
Figure 25: Combined Gross Enrollment Ratio in Singapore
Figure 26: Literacy Rate in Singapore
Figure 27: Singapore Population by Age Groups
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