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EDUCATION SECTOR IN SINGAPORE TO 2019 — MARKET SIZE AND INTELLIGENCE REPORT

Indalytics Advisors [email protected] www.indalytics.com

July 2014

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

©Indalytics Advisors Pvt. Ltd l www.indalytics.com l 1

TABLE OF CONTENT

Education System in Singapore

Market Size of Singapore’s Education Sector

Forecasted Market Size of Singapore’s Education Sector

Drivers Impacting Singapore’s Education Sector

o Driver 1

o Driver 2

o Driver 3

o Driver 4

Trends in Singapore’s Education Sector

o Trend 1

o Trend 2

o Trend 3

o Trend 4

Setting–up a Private Educational Institution in Singapore

5-forces Analysis of Education Sector in Singapore

o Threat of New Competition

o Threat of Substitute Products and Services

o Bargaining Power of Buyers

o Bargaining Power of Suppliers

o Intensity of Competitive Rivalry

Profiles of Major Players

o Crestar Education Group Private Limited

o Ednovation Private Limited

o EtonHouse International Holdings Private Limited

o Informatics Education Limited

o Kaplan Singapore

o Marshall Cavendish Education Private Limited

o NTUC LearningHub Private Limited

o Overseas Education Limited

o Raffles Education Corporation Limited

o TMC Education Corporation Limited

Annexure

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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




PUBLICATION DATE

July 2014

NUMBER OF PAGES

65

PRICE OF THE REPORT

Single User: US$1,500

Multi User/ Enterprise: US$3,750

Visit www.indalytics.com or write to us at [email protected] to know

more about the report.



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ABOUT THE REPORT

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.




EXECUTIVE SUMMARY

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 on 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.




LIST OF ORGANIZATIONS MENTIONED IN THE

REPORT

Assumption Pathway School

Birmingham City University

Crest Secondary School

Crestar Education Group

Ednovation Private Limited

Edusnap

EtonHouse International Holdings

Private Limited

Hull University

Informatics Academy

Informatics Education Limited

Informatics Global Campus

INSEAD

John Hopkins

Kaplan Inc.

Knowledge Universe

LASALLE College of the Arts

Marshall Cavendish Education Private

Limited

Modern Montessori International

Murdoch University

Nanyang Academy of Fine Arts

Nanyang Technological University

National University of Singapore

NCC Education

Northlight School

NTUC LearningHub Private Limited

Overseas Education Limited

Raffles Education Corporation Limited

Royal Holloway University of London

Simplilearn

Spectra Secondary School

Tembusu Partners

TMC Education Corporation Limited

University College of Dublin




REPORT SAMPLE

EDUCATION SYSTEM IN SINGAPORE

Singapore’s education sector caters to 0.93 million students, and accounts

for 21% of the government’s annual budget. The education sector is

regulated by the Ministry of Education, which also governs all the public

schools and higher education institutions, and set guidelines for the

private ones. For Singapore citizens, the education is free in public schools

and government–subsidized in private schools. Education is also

mandatory till primary level through the Compulsory Education Act —

which makes it a criminal offence for parents failing to enroll their students

in schools and ensuring their regular attendance, with an exception for

homeschooling or full-time religious institutions’ students.

Education in Singapore starts at the age of three with preschool education,

and continues for three years. The years are called Nursery, Kindergarten

1 (K1) and Kindergarten 2 (K2), with each year having two semesters.

Preschool education is not mandatory, and is imparted by several private

as well as government–sponsored kindergartens. The People's Action

Party — which has governed Singapore since 1957 — operates

approximately 235 kindergartens through its charitable arm, PAP

Community Foundation.




FIGURE 1: EDUCATION SYSTEM IN SINGAPORE

Source: Indalytics Advisors




FIGURE 2: SINGAPORE’S EDUCATION SECTOR — MARKET SIZE (S$ BILLION / US$ BILLION)


FIGURE 3: SINGAPORE GOVERNMENT EXPENDITURE ON TECHNOLOGY IN EDUCATION — 2013–2014


School education

Higher education

Vocational education and training

Year = 2014 (E) Total Market Size: S$XXX billion US$XXX billion

Infrastructure Setup to Support Pervasive Use of ICT inTeaching, Learning and Assessment

Technology Refresh

2014 (E) 2013




FIGURE 4: ENROLLMENT IN PRIVATE EDUCATIONAL INSTITUTIONS IN SINGAPORE — BY TYPES OF INSTITUTIONS


FIGURE 5: INTERNATIONAL STUDENTS IN GOVERNMENT AND PRIVATE HIGHER EDUCATION INSTITUTIONS IN

SINGAPORE


Commercial Postsecondary

institutions

Vocational postsecondary

Institutions

Preparatory educational Institutions

Foreign System Primary and

Secondary Schools

Total enrollment: XX

Government Higher educationInstitutions

Private Higher Education Institutions




FIGURE 6: FIVE FORCES ANALYSIS OF SINGAPORE’S EDUCATION SECTOR


Threat of newcompetition

Threat of substituteproducts and services

Bargaining power ofbuyers

Bargaining power ofsuppliers

Intensity of competitiverivalry

Government Institutions Private Institutions

Low

High




DISCLAIMER

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, Indalytics Advisors Private Limited.

The information contained in this report is of a general nature and is not intended to address any particular individual or entity’s circumstances. Although proper care has been taken to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. The publisher should not be held liable for any discrepancy in the information. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.

Publication Volume: GCI-14-GL–04

Publication Date – July 2014

© 2014 Indalytics Advisors Private Limited

For further information, please contact [email protected]


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NOTES
