The global K-12 international schools market was valued at around 8,270 schools in 2015 and is expected to surpass 11,862 schools by 2020, says Technavio.
Technavio has announced its latest market research report on K-12 international schools to its education technology portfolio. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the global K-12 international schools market during the forecast period 2016-2020. Some of the top vendors listed in this industry analysis include Cognita Schools, GEMS Education, Maple Leaf Educational Systems, and Nord Anglia Education.
In terms of geographical analysis, the Americas will be the largest region in the global market, reaching around 2,015 schools by 2020. The US, Canada, Brazil, Mexico, and Argentina will emerge as the key revenue-generators.
“International schools are adopting various interactive and new technologies for teaching and mentoring students. Some of these technologies include augmented reality, virtual reality, 3-D printing, wearable technology, and drones. The schools are adopting GoPros and wristbands to monitor activity and quantify the movement of students,” says Jhansi Mary, a lead analyst at Technavio for research on education technology.
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The new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Increase in enrolment of local students in international schools
The market is observing a change in the pattern of enrolment in international schools. Many schools have a high number of local students, especially children from non-English speaking affluent families from the Latin Americas, Gulf Cooperation Council (GCC), and Southeast Asian countries. The schools are introducing teaching methodology and curricula that suit the local students and international students as well. The government is offering incentives to attract international schools in the countries to foster better education systems. Such developments will fuel the market growth.
Rise in student mobility and internationalization of education
The rising scholarship opportunities and improvements in career opportunities in countries such the US, the UK, Canada, and Australia is encouraging students to opt for higher education in foreign countries. These opportunities are offering students a higher probability of procuring job opportunities at leading organizations. International schools are allowing students to explore western style of learning, and attain fluency in country-specific languages and qualifications. Majority of the students in these institutions are from countries like China, Saudi Arabia, India, and Vietnam.
Emergence of multinational corporations (MNCs) operating international schools
Private equity firms are financing to promote and establish international schools. These schools usually have very high tuition fees to provide quality education to students. These schools have international curriculum, quality faculty, improved learning methodologies, and social and academic reputation. Private equity and venture capital firms are investing in the international schools’ market to increase their productivity and profits.
Good ROI for investors
International schools are best form of investing for venture capital firms as these are considered to be recession-proof. Consumers have to spend on education irrespective of the prevailing economic condition. For instance, despite of economic crisis in the UK, GEMS Education’s student enrolments grew by around 5%-7%.
Other prominent vendors identified in this report are ACS International Schools, Braeburn Schools, Dulwich College International, Esol Education, Harrow International Schools, Shrewsbury International School, Wellington College, and Yew Chung Education Foundation.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, key financials, etc. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global K-12 International Schools Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- K-12 Education Market in Thailand 2016-2020
- K-12 Talent Management Software Market in the US 2016-2020
- Global K-12 Testing and Assessment Market 2016-2020
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