K12 education: Key market research findings
- Upsurge in international mobility of students
- Increased use of cloud computing technology
- Leading players include Bangkok Patana School, Harrow International School, NIST International School, and Ruamrudee International School
Technavio has released a new report on the K-12 education market in Thailand, which is expected to grow at a steady CAGR of around 3% between 2016 and 2020. The K-12 education market in Thailand will be fueled primarily by the growth of international schools in the country coupled with the emergence of educational startups. The increase in the number of the expatriates and the growing spending power of the local Thai population have boosted the number of growing international schools in the region. Also, the continued government support to improve the ICT infrastructure in schools and enhance partnerships with leading technology companies will also propel the K-12 education market in Thailand. The Thai government is also focusing to expand the extracurricular activities in K-12 education.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“One of the latest trends gaining prominence in the market is the growing use of cloud computing. The cloud computing technology is becoming a feasible solution for many technology needs, including an institution’s web presence in the education sector. It allows institutions to achieve their strategic goals by incurring minimum expenditure. It also helps institutions to reduce the hardware and software acquisition, management, and maintenance costs,” says Jhansi Mary, Lead Analyst, Education, Technavio Research
The primary education segment dominated the market and accounted for about 43% of the total market share during 2015. This education segment primarily focuses on teaching core subjects from the National Curriculum, including science, social studies, religion, Thai, mathematics, culture, health and physical education, art, career and technology, and foreign languages. Compulsory primary education and the estimated increase in the number of new enrollments in private schools will propel the market for K-12 primary education in Thailand during the forecast period.
As a result of the increase in enrollments in private schools, this emerging market is expected to gain traction during the forecast period. Improvement in the standards of living and the rise in disposable income have induced families in Thailand to opt for private schools. This will lead to the emergence of several new private schools that will subsequently intensify the level of competition.
A more detailed analysis is available in the Technavio report, K-12 Education Market in Thailand 2016-2020.
We can customize reports by other regions and specific segments upon request.
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