Education and training are the key drivers of social and economic development. Globally, opportunities exist for education providers to enter emerging markets and accelerate their development, and to collaborate with other institutions to develop new avenues for learning.
The private education sector is a growing industry in Singapore. By 2025, the global education market is estimated to be worth US$2.2 trillion annually with 7.2 million international students. With Asia expected to account for 70% of global demand for international higher education, there are many regional opportunities for SMEs in Singapore.
Growth within the education sector reaches across several segments. For instance, demand for pre-school education is on the rise due to growing attention to providing quality programmes for students to get a good early foundation. Among working professionals, there is greater emphasis on upgrading and retraining to refresh their skills.