Philippines Education Market Shares, Market Growth Analysis, Market Value-Ken Research

1
Economic Evolution To Invigorate The Education
Industry In Philippines Ken Research
2
The significance of schooling system has been
well realized globally. Schools are those
institutions which not only lay the foundation of
education in any country but also promote
holistic development of a nation via amelioration
in the literacy level rates. Basically, education
is reckoned as a public good, entrusted to
government and nonprofit institutions around the
world, and generally involves a huge
spending. In line with the Education Market
Research Reports, as far as the proof fit
companies are concerned, they have managed to
attain a certain position by stepping in to offer
education either by acting as school operators in
K12 and higher education or by providing
ancillary services like tutoring, day care, and
test preparation. While over the years, even some
private companies have well discovered niches in
sectors that involve post secondary and corporate
training. The education industry in Philippines
is noticed to be greatly fragmented via presence
of large number of public and private players
competing on the basis of tuition fees,
infrastructure and other services.
3
Philippines education industry has witnessed a
healthy growth in the past decade due to the
adoption of enhanced basic education models in
the country from time to time. Also, financial
support from foreign countries like Australia,
Canada, and US has supported the Philippines
government in effectively restructuring the
education system that prevails in the country.
Mainly, the Philippine educational system
operates on a tri-focal management system that
constitutes The Department of Education (DepEd),
Commission on Higher Education (CHED) and the
Technical Education and Skill Development
Authority (TESDA). With respect to sources from
Philippines Education Industry Research Report,
it has been discovered that a variety of new
programs and initiatives have been executed by
the government with the sole motive to ameliorate
the overall quality of education in the country.
Trends of amplifying investments by the
government as well as other local and foreign
agencies for the ultimate provision of universal
access to quality education at all levels are
highly likely to further showcase improvements
and thereby result in augmentation of the total
number of enrollments and establishments in the
Philippines education industry in the coming
years.
4
It has also been observed that K-12 education
market has maintained its position of being the
largest contributor to the cumulative revenues of
this industry. The revenues of these K-12 schools
have evolved tremendously over the years owing to
the upcoming innovation in the education programs
of Philippines. Further, through a proper
scrutiny of the Philippines Education Industry
Analysis, it has been identified that higher
education market has been the second largest
contributor to the revenues of this industry
wherein some of the prominent players namely
include University of the Philippines, and De La
Salle University. This market is envisioned to
grow at a decent CAGR in the years to
proceed. With extensions in the line of
compulsory education the worldwide systems are
bettering day by day and thus, Philippines is
looking to take part in various international
assessments of education which will aid in
analyzing the latest demands for education such
that associated structural changes can be made
with the passage of time ultimately emboldening
the quality of education offered. Consequently,
changes are expected to be implemented in the
technical-vocational training as well as private
tutoring segments in the coming future.
5
According to the Philippines Market Research
Reports for Education, the country has commenced
with various education reforms in the recent past
that it considers significantly pivotal for the
holistic economic development, thereby bringing
school system in accordance with the
international standards and opening up more
avenues for higher education sector to a
relatively more number of people, while
supplementing the research and development
activities that will uplift the overall academic
profile and bring lasting benefits to the
country. As a matter of fact, Philippines
experienced a rise in the number of enrollments
to somewhere near 1,947,877 for private and
1,641,607 for public institutions in 2016
according the Philippine Commission on Higher
Education. Also, a surge in the number of
classrooms has been encountered over the years
and about 47,492 new classrooms have been
constructed by the end of 2017. This is further
supported by the presence of a number of
competitive international schools located in
major cities such as Manila, Cebu, and
Davao. Even, the Philippines e-learning segment
has been expanding at a robust pace and
specifically revolves around online-learning and
training, software development, e-content
development and associated technological
innovations. This market is furthermore
anticipated to grow at an astonishing rate in the
future years.
6
Moreover, as per the Education Market Research
Reports Consulting, the country has as wide as 12
million people of the total population who are
employed overseas and the students have turned
much more aware and knowledgeable about
education abroad wherein the official language
of both business and education is English, and
thus Filipinos have boasted a resilient 91.8
literacy rate lately. As a result, students have
started attending universities that have a good
reputation coupled with brand recognition in
Philippines and these numbers are projected to
multiply in the long run finally engendering an
optimistic growth in this industry. To know
more, click on the link below https//www.kenrese
arch.com/education-and-recruitment/education/SC-99
-81.html Related reports https//www.kenresearch
.com/education-and-recruitment/education/philippin
es-education-market-research-report/575-99.html
7
Contact Us Ken Research Ankur Gupta, Head
Marketing Communications sales_at_kenresearch.com 0
124-4230204
8
(No Transcript)