project report on education industry

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Gulfood dubai 2023, indian e-commerce industry analysis, the education market in india is expected to reach us$ 225 billion by fy25., advantage india, robust demand.

* India has the largest population in the world in the age bracket of 5-24 years with 580 million people, presenting a huge opportunity in the education sector.

* India has over 250 million school going students, more than any other country.

* Applications for the ‘Study In India' programme increased by 146% in 2021.

Competitive Advantage

* Large English-speaking population allows easy delivery of educational products. India was ranked 52nd out of 111 countries in the English Proficiency Index 2022.

* Nine Indian institutes - the Indian Institute of Science (IISc) in Bengaluru and eight Indian Institutes of Technology (IITs) - were among the top 500 universities in the QS World University Rankings 2023.

Policy support

* 100% FDI (automatic route) is allowed in the education sector in India.

* The Government of India has taken initiatives like National Accreditation Regulatory Authority Bill for Higher Educational and the Foreign Educational Institutions Bill.

Increasing Investments

* The education market in India is expected to amount to US$ 225 billion by FY25.

* From April 2000-September 2023, Foreign Direct Investment (FDI) equity inflow in the education sector stood at US$ 9.44 billion.

* Indian edtech startups have received total investment of US$ 3.94 billion across 155 deals in FY22.

* In June 2022, edtech platform PhysicsWallah became India’s 101st unicorn by raising US$ 100 million in a Series-A funding round from WestBridge Capital and GSV Ventures, valuing the company at US$ 1.1 billion.

Education Industry Report

India occupies a significant position in the global education sector. One of the world's largest networks of institutions of higher learning is found in India. With almost 27% of India’s population in the age group of 0-14 years, India’s education sector provides numerous opportunities for growth.

The Number of colleges in India reached 49,385 in FY24 (as of September 13, 2023) and 43,796 in FY21, up from 42,343 in FY20. The number of universities in India reached 1,196 in FY24 (as of September 13, 2023), up from 760 in FY15.

India had 41.38 million students enrolled in higher education in 2020-21 with 21.2 million male and 20.1 million female students, as against 38.5 million students enrolled in higher education in 2019-20, with 19.6 million male and 18.9 million female students. In FY21, Gross Enrolment Ratio (GER) in Indian higher education was 27.3%.

The education sector in India was estimated to be worth US$ 117 billion in FY20 and is expected to reach US$ 225 billion by FY25. The Indian edtech market size is expected to reach US$ 30 billion by 2031, from US$ 700-800 million in 2021.

The online education sector in India is growing rapidly, with growth of US$ 2.28 billion expected during 2021-2025, at a CAGR of almost 20%. Higher education institutes in India are focusing on creating online programmes due to the increasing demand from consumers.

From April 2000-September 2023, Foreign Direct Investment (FDI) equity inflow in the education sector stood at US$ 9.44 billion, according to the data released by the Department for Promotion of Industry and Internal Trade (DPIIT).

India’s large English-speaking population allows easy delivery of educational products. India was ranked 48th out of 112 countries in the English Proficiency Index 2021. Nine Indian institutes - the Indian Institute of Science (IISc) in Bengaluru and eight Indian Institutes of Technology (IITs) - were among the top 500 universities in the QS World University Rankings 2023. A total of 100 Indian institutions have been qualified for the Times Higher Education World University Rankings 2023, with the Indian Institute of Science in Bengaluru being the highest-ranked.

Edtech startups in India raised US$ 296 million across 5 deals in October 2022.

Amazon launched its global computer science education initiative in India. The aim of this initiative was to offer one lakh students the opportunity to study computer science. Amazon India also launched the second edition of Machine Learning (ML) Summer School, with the aim to provide students the opportunity to learn important ML technologies from Amazon scientists, making them ready for careers in science.

To liberalise the sector, the Government has taken initiatives such as the National Accreditation Regulatory Authority Bill for Higher Educational and the Foreign Educational Institutions Bill. The government schemes of Revitalising Infrastructure and System in Education (RISE) and Education Quality Upgradation and Inclusion Programme (EQUIP) are helping the government tackle the prominent challenges faced by the education sector.

The National Education Policy (NEP), which will be fully implemented over the course of this decade starting from 2021-22, will have a strong focus on high-quality vocational education. Under the National Education Policy 2021, the government will set up regional and national institutes for virology, >15,000 schools, 100 new Sainik schools, and 750 Eklavya model residential schools in tribal areas.

In August 2023, Union Minister of Education Mr. Dharmendra Pradhan unveiled the National Curriculum Framework for School Education (NCF), which has been developed based on the National Education Policy (NEP), 2020 vision. As per that, in order to guarantee that students have adequate time and opportunity to perform successfully, board exams will be offered at least twice a year.

The Central Government approved the “New India Literacy Programme” for the period FY22-27 to cover all the aspects of adult education to align with the National Education Policy 2020 and Budget Announcements 2022-23.

The National Commission for Women started a country-wide capacity-building and personality development programme for women undergraduate and postgraduate students in an effort to make them more independent and job-ready. The commission will partner with central and state institutions to prepare women students for the job market by providing sessions on personal capacity building, professional career skills, digital literacy and effective use of social media.

STEM-based edtech companies have been partnering with Niti Aayog and the government to build a STEM ecosystem by establishing Atal Tinkering Labs (ATL) to spread knowledge about STEM, STEAM, AI, ML, and robotics for K-12 students.

In December 2023, UNICEF and its global partnerships platform Generation Unlimited (also known as YuWaah in India) partnered with key organisations committed to working towards a green future for children and young people as a part of the Green Rising India Alliance.

In September 2023, the government launched the Skill India Digital (SID) platform to make skill development more innovative, accessible and personalised with a focus on digital technology and Industry 4.0 skills.

In September 2023, a three-year partnership called "Education to Entrepreneurship: Empowering a Generation of Students, Educators, and Entrepreneurs" was launched by the Ministry of Education the Ministry of Skill Development and Entrepreneurship, and Meta in New Delhi.

Prime Minister Mr. Narendra Modi, in July 2023, laid the foundation stone for three new buildings at Delhi University — the faculty of technology, a computer centre, and an academic block.

The education sector has seen a host of reforms and improved financial outlays in recent years that could possibly transform the country into a knowledge haven. With human resources increasingly gaining significance in the overall development of the country, the development of the country’s education infrastructure is expected to remain the key focus in the current decade. In this scenario, infrastructure investment in the education sector is likely to see a considerable increase.

Related News

Indian universities lead a patent surge, filing 23% of patents in FY23, driven by awareness campaigns and dominance in computer science filings.

More Indian students than Americans took the GRE in 2022-23, reflecting changing educational trends.

Prime Minister, Mr. Narendra Modi reaffirms commitment to internationalize Indian education through NEP goals, citing IIT global campuses as key initiatives.

Over 60% of educators embrace AI tools, citing crucial roles in student preparation and upskilling, according to a TeamLease EdTech study.

The recently published Annual Status of Education Report (ASER) unveils that an impressive 86.8% of individuals in the country's 14-18 age bracket are currently enrolled in educational institutions.

Top Indian cities for Education

Industry Contacts

• University Grants Commission (UGC)
• All India Council of Technical Edcuation(AICTE)

Education Sector India

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Return and recovery: Our 2023 outlook for K-12 education

To say that the education industry continues to reel from the gut punch caused by the COVID-19 pandemic would be a great understatement.

Among the greatest concerns dominating K-12 education in 2022 were the safe return to the classroom, putting federal recovery funds to good use and addressing lingering learning loss and social emotional impacts from the sudden shift to remote learning.

Like most industries in 2022, education also faced an employee shortage. To attract and retain educators, districts stepped out of traditional modes. Some touted signing bonuses, raised salaries, adjusted qualifications and reconsidered traditional best practices like step and lane and blurring the line between private and public school.

2023 trends in education: K-12 outlook

Headed into 2023, exhausted educators, students and caregivers will continue to deal with the effects of pandemic disruptions. But, equipped with a veritable library of lessons learned and focused attention to addressing what’s around the corner, the K-12 education industry as a whole can drive steady gains toward successful return and recovery.

Here are five 2023 trends and priorities:

1. evaluate relief funding.

As schools spend down Elementary and Secondary School Emergency Relief (ESSER) money, districts will need to evaluate and determine how to fund any new positions or ongoing programming created with federal funds. These include support for Title 1 populations who were disproportionally affected by the pandemic, classroom connectivity and social/emotional support. Districts that don’t address these issues now will likely be faced with reduction-in-force implementations later.

2. Combat learning loss

The lingering impact of learning loss as a result of the COVID-19 pandemic disruptions has been a clear and overriding concern of educators and caregivers since the threat of closures circulated in early 2022.

Now that everyone is back in the classroom, the short- and long-term effects of disruptions —both academic and social/emotional — remain a constant. Gaps in access, opportunities, achievement and outcomes continue to widen, exacerbating existing racial and socioeconomic inequities.

In addition to academic delays, students continue to suffer challenges to their wellbeing. Districts are finding ways to support students with interventions that address anxiety, utilize community resources and encourage connections.

3. Leverage technology, but don’t forget about connectivity

Many districts had developed blended or online options for learning before the rush to implement them as an in-classroom replacement became plagued with challenges.

While a disparity between households with and without devices could be bolstered by the mass purchase of Chromebooks for every student, it could not address widespread connectivity issues. Additionally, many administrators lack sufficient data needed to examine and recalibrate any positive outcomes from remote learning.

On the other hand, the urgent necessity of online learning widely expanded students’ access to intervention and other services once mostly considered legitimate only as in-person options.

Districts should view this use of technology as a formidable supplemental tool to classroom learning.

4. Navigate teacher shortages

Schools will continue to face a workforce plagued by mass burnout, an overwhelming need for additional support and the increased appeal of other job sectors. Perhaps the biggest challenge facing districts in 2023 is how to maintain the salaries, attractive recruitment methods and other advantages made possible by ESSER funds.

Additionally, schools will likely begin to experience the negative effects of stopgap measures like hiring underqualified teachers, increasing class size and cancelling courses. To combat these deficiencies, community organizations and mentorship programs are good resources to help fill gaps and facilitate a stable return to classroom as usual. There are many well-funded nonprofits with established track records that can be leveraged to deliver high-touch engagement.

5. Address inflation

The sudden rise and steady hold of inflation poses several challenges for districts. The rising cost of living has begun to swallow up any wage growth gained by many in recent labor negotiations.

Despite built-in elasticity of property taxes as it relates to inflation, most states are subject to restrictions that limit tax collection in relation to the Consumer Price Index or less. As educators’ demand for higher pay continues, it may result in a significant gap between the ability to generate revenue and pay their employees. This may quickly erode districts’ reserves and could result in cutting programs and increasing class sizes, which would further exasperate the learning loss experienced by the COVID-19 pandemic.

Moving ahead, state and local policymakers should be encouraged to make the shift to prioritizing long-term budget sustainability over short-term fixes.

Help on the horizon

While the COVID-19 pandemic upended the educational system in profound ways beyond anyone’s control, it also helped reveal vulnerabilities that already existed.

Wipfli can help. Grounded with deep knowledge and driven by innovation, our professionals are equipped to provide holistic solutions to clarify strategic planning, improve student support, protect your assets and more.

Learn more about our education services .

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Education sector analysis

An education sector analysis (ESA) is an in-depth, holistic diagnosis of an education system. It assists with understanding how an education system (and its subsectors) works, why it works that way, and how to improve it. An ESA provides the evidence base for decision-making and is the first step in preparing an education sector plan.

An ESA is a nationally driven process, involving collaboration and dialogue among different actors and institutions in a system. Empowering and consulting the different stakeholders throughout the process are essential, as ‘sustainable changes that lead to improved learning outcomes cannot be brought about in the absence of involvement of the individuals and groups who will implement the change’ (Faul and Martinez, 2019: 31).

The ESA process must therefore be participative and aim to create an understanding of the key stakeholders in the education system, their incentives, relationships and accountability, as well as how these dynamics shape education systems (IIEP-UNESCO et al., 2021).

What does an ESA cover?

An ESA includes context analysis, existing policy analysis, cost and finance analysis, education performance analysis, and system capacity analysis, including stakeholder analysis (IIEP-UNESCO and GPE, 2015). Any challenges identified through the ESA should be analysed through the lens of Sustainable Development Goal 4 (UNESCO, 2016). Quality of learning is one factor analysed in the performance of the education system along with issues related to access and coverage, equity and inclusion, and internal and external efficiency of the system. Quality of learning involves analysing the range of inputs and processes including teachers, learning and teaching materials, school facilities, and learning outcomes (IIEP-UNESCO and GPE, 2015; IIEP-UNESCO, World Bank, and UNICEF, 2014).

Teachers play a decisive role in ensuring learning quality. Teacher management features – ranging from recruitment and deployment to pre- and in-service training, career pathways, motivation and job satisfaction, absenteeism and effective teaching time – also need to be analysed. Typical indicators include (IIEP-UNESCO, World Bank, and UNICEF, 2014):

• Pupil/teacher ratio by level for primary education
• Pupil/trained teacher ratio
• Teacher utilization rate
• The consistency in teacher allocation (R2 coefficient)
• Theoretical teaching time in relation to theoretical instruction time for secondary teachers
• The percentage of pre- and in-service teachers trained by level
• The number of teachers disaggregated by status (civil servants, contract, or community teachers)
• Qualifications and teaching experience

Learning and teaching materials

An ESA should analyse the equitable allocation of learning and teaching materials and other inputs among different schools and regions. An ESA should include indicators such as the proportion of teachers with teacher guides, pupil/textbook ratios, and the notion of useful pupil/textbook ratio (IIEP-UNESCO, World Bank, and UNICEF, 2014). Qualitative information gathered through teacher interviews, for example, can also be integrated into the analysis to complement quantitative data. For instance, in crisis-affected areas, quantitative data may be weak regarding the actual distribution and use of textbooks throughout the country (IIEP UNESCO and GPE, 2016).

School facilities

School facilities (school buildings and infrastructure such as electricity or school landscaping) can have a significant impact on students’ learning achievements. Proper water, sanitation and hygiene (WASH) facilities in schools can improve access to education and learning outcomes, particularly for girls (UNICEF and WHO, 2018). Relevant indicators include classroom utilization rate and, when applicable, type of classroom (such as temporary, open air, permanent, or home-based classrooms); the percentage of schools with functioning WASH facilities; the percentage of schools with electricity; the percentage of schools with boundary walls for security reasons; and the percentage of classrooms that need to be rehabilitated (IIEP-UNESCO, World Bank, and UNICEF, 2014).

Learning outcomes

Student assessments include national examinations and admission tests, national large-scale learning assessments, regional or international standardized assessments, citizen-led assessments, and household surveys. The analysis of learning assessments enables education planners and decision makers to understand whether the education system is transferring knowledge to students as expected, as well as whether this transfer is equitable or is leaving certain population groups or geographic areas behind. Learning assessments can further help countries track the progress of learning achievements over time, compare results with comparable countries, and identify plausible causes for weak learning outcomes (IIEP UNESCO, World Bank, and UNICEF, 2014).

However, there are several risks when using learning data, such as the accuracy of data and their interpretation; the use of a single test score for decision-making; the use of learning assessment data to legitimize predefined agendas; and narrowing educational measurements to simplified indicators (Raudonyte, 2019).

Changes in learning assessment results over time should be interpreted with caution and cross-checked with other evidence. For instance, a sharp increase in enrolments may affect learning outcomes (IIEP-UNESCO, World Bank, and UNICEF, 2014).

ESA data sources

An effective ESA relies on both qualitative and quantitative rigorous data. Relevant data sources include (IIEP-UNESCO and GPE, 2015; IIEP-UNESCO et al., 2021; IIEP-UNESCO, World Bank, and UNICEF, 2014):

• National, regional and international learning assessments: provide information on whether the education system is transferring knowledge as expected; track progress on learning achievements over time; allow comparisons with comparable countries; and identify plausible reasons behind weak learning outcomes.
• School data on students, textbooks, teachers, and subsidies: provide information on resource distribution and learning time, among others.
• Administrative manuals: provide information on teacher management, teaching time, and other resources.
• Teacher training institute data: provide information on whether the capacities of teacher training institutes meet current and projected needs.
• Human resources data: provide information about teacher recruitment, deployment and utilization, among others.
• Sample surveys: can be used to assess teaching and learning time.
• Household surveys: provide information on the relationship between the level of literacy and the number of years of schooling.
• Specific research exercises: provide valuable information on relevant issues faced by education systems.
• Interviews and questionnaires of stakeholders: provide relevant qualitative information, for instance related to institutional capacity.

An ESA should further assess information gaps and whether primary data collection will need to be undertaken to obtain missing information (IIEP-UNESCO and GPE, 2015).  

Plans and policies

• Liberia: Education Sector Analysis
• Somalia:  Education Sector Analysis
• IIEP-UNESCO; Global Partnership for Education. 2015. Guidelines for Education Sector Plan Preparation
• IIEP-UNESCO; Global Partnership for Education; UNICEF; Foreign, Commonwealth and Development Office. 2021. Education Sector Analysis Methodological Guidelines: Vol. 3: Thematic Analyses
• IIEP-UNESCO; World Bank; UNICEF. 2014. Education Sector Analysis Methodological Guidelines: Vol 1: Sector-wide Analysis, With Emphasis on Primary and Secondary Education
• IIEP-UNESCO; World Bank; UNICEF. 2014. Education Sector Analysis Methodological Guidelines: Vol. 2: Sub-sector Specific Analysis
• UNESCO-UIS. 2009. Education Indicators: Technical Guidelines

Faul, M.; Martinez, R. 2019. Education System Diagnostics. What is an 'Education System Diagnostic', Why Might it be Useful, and What Currently Exists?

IIEP-UNESCO; GPE (Global Partnership for Education). 2015. Guidelines for Education Sector Plan Preparation. Paris: IIEP-UNESCO.

––––. 2016. Guidelines for Transitional Education Plan Preparation. Washington, DC: GPE.

IIEP-UNESCO; GPE (Global Partnership for Education); UNICEF; FCDO (Foreign, Commonwealth and Development Office). 2021. Education Sector Analysis Methodological Guidelines: Vol. 3: Thematic Analyses .  Dakar: IIEP-UNESCO.

IIEP-UNESCO; World Bank; UNICEF. 2014.  Education Sector Analysis Methodological Guidelines: Vol 1: Sector-wide Analysis, with Emphasis on Primary and Secondary Education.  Dakar: IIEP-UNESCO.

Raudonyte, I. 2019. Use of Learning Assessment Data in Education Policy-making. Paris: IIEP UNESCO.

UNESCO. 2016. Mainstreaming SDG4-Education 2030 in Sector-wide Policy and Planning: Technical Guidelines for UNESCO Field Offices. Paris: UNESCO.

UNICEF; WHO (World Health Organization). 2018. Drinking Water, Sanitation and Hygiene in Schools: Global Baseline Report 2018. New York, NY: UNICEF and WHO.

Related information

• Supporting education sector analyses [IIEP-UNESCO Dakar]

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January 24, 2021

Edtech market | reports | uk.

EdTech report 2021: The State of Technology in Education 2020/21 by Promethean

Promethean’s EdTech report 2021 identifies that the use of and importance of EdTech is on the rise.  The report is broken down into the following sections: Strategy, Tech use, Training, School budgets and Future trends.  The Strategy section identifies that EdTech is now a priority for almost 40% of schools.  86% of respondents think that EdTech should be used within regular teaching practice.  23% hold the view that the emphasis on EdTech training has fallen over the last five years.  13% more respondents believe that money is being wisely invested when purchasing EdTech tools.  Finally, only 25% of educators believe that EdTech will have a positive impact on student learning in the coming years.

80% teachers believe EdTech improves learning

Edtech report 2021 key findings.

29% of schools see the value in EdTech as a way of engaging learners

79% of teachers view EdTech as something that can help them do their job more effectively

EdTech training has continued to drop with only 1% considering their training to be adequate

81% of IT Managers believe that there isn’t enough funding for EdTech

90% believe technology and education should be interconnected 

Methodology

A survey was distributed to over 2000 teachers in the UK and Ireland.  The responses provided all the necessary data to compile the report.

The report also factors in the impact of Covid-19 on teaching and learning.  Everyone polled recognised the importance of EdTech communication tools and the inadequacy of the tools provided by schools at the outset of the pandemic.  Teachers also indicated that they are excited about using tools such as Microsoft Teams and Google Classroom.

You can read more about EdTech here:  https://global-edtech.com/edtech-definitions-products-and-trends/

RECOMMENDED:   https://global-edtech.com/category/report/

“ Using technology to engage pupils and boost collaboration has jumped up this year, but updating technology and providing technology training has significantly dropped…” The State of Technology in Education 2020/21, Promethean

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Project report: the impact of technology on education.

Executive Summary

Technology is revolutionizing the educational landscape, transforming traditional classroom learning into a dynamic and interactive experience. This report explores the multifaceted impact of technology on education, highlighting its potential to enhance access to knowledge, personalize learning experiences, and equip students with the skills needed to thrive in the digital age.

Benefits of Technology in Education

• Increased Access to Information: The internet provides a vast repository of educational resources, including online courses, educational videos, and digital libraries. This empowers students to learn beyond the confines of textbooks and traditional classroom materials.
• Personalized Learning: Educational technology allows for personalized learning experiences by catering to individual student needs and learning styles. Adaptive learning platforms can adjust the difficulty level of content based on student performance, while online resources offer diverse learning materials to cater to different preferences.
• Enhanced Engagement: Interactive tools, gamified learning experiences, and virtual reality simulations can make learning more engaging and enjoyable for students. This increased engagement can lead to improved knowledge retention and a more positive attitude towards learning.
• Improved Communication and Collaboration: Technology fosters communication and collaboration between students, teachers, and parents. Online platforms facilitate discussions, project work, and real-time feedback, fostering a more collaborative learning environment.
• Development of Digital Skills: In a world driven by technology, equipping students with digital literacy skills is crucial. Technology in education allows students to develop essential skills like information processing, critical thinking, and problem-solving in a digital context.

Challenges and Considerations

• Digital Divide: Unequal access to technology and the internet can exacerbate educational inequalities. Initiatives to bridge the digital divide are essential to ensure inclusive access to technology-enhanced education.
• Teacher Training and Support: Effectively integrating technology into the curriculum requires ongoing professional development for teachers. Training programs should equip educators with the skills to leverage technology effectively for better learning outcomes.
• Potential for Distractions: Digital devices can be sources of distraction, hindering focus and concentration. Strategies to manage screen time and promote responsible technology use in the classroom are necessary.
• Data Privacy and Security: As education becomes more reliant on technology, student data privacy and security become paramount. Robust safeguards must be implemented to protect sensitive student information.

Recommendatio ns

• Investment in Equitable Access: Investments in infrastructure, devices, and internet connectivity are crucial to ensure all students have access to the technological tools they need to succeed.
• Professional Development for Educators: Providing ongoing training programs can equip teachers with the necessary skills to integrate technology effectively into their classrooms and cater to diverse learning styles.
• Promoting Responsible Technology Use: Strategies like designated device usage times and clear expectations for online behavior can help minimize distractions and promote focused learning.
• Prioritizing Data Security: Schools should implement robust data security measures to protect student privacy and ensure responsible data collection and usage practices.

Technology holds immense potential to transform education for the better. By harnessing its power effectively and addressing the associated challenges, we can create a more inclusive and engaging learning environment that equips students with the knowledge and skills they need to thrive in the 21st century.

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Benchmark International

2024 Global Education And Government Industry Report

The global government education market was valued at $558.49 billion in 2023 and is forecast to grow at a compound annual growth rate (CAGR) of 17.8% between 2024          and 2030.

Changed admission policies, greater legislative oversight, the expansion of AI, and alternative curricula are among the trends to watch in higher education in 2024. This year, the focus is also returning to fundamentals, such as engagement, retention, well-being, and            learner experiences.

Edtech and E-Learning

A driving force in the education sector is educational technology, or edtech, which encompasses companies that develop tech solutions to enhance teaching and improve learning. In 2023, billions of dollars were invested in hundreds of tech startup companies worldwide.   Edtech venture cap investment reached $3 billion last year, with North America contributing half of the global edtech funding.   The edtech market is forecast to grow at a CAGR of 16% from 2022 to 2026.

The global e-learning market was worth around $332.6 billion in 2022 and is expected to grow at a CAGR of 9.1% to reach $686.9 billion by 2030. As the demand for e-learning grows, the market is expected to become even more competitive.

Offline Education

While edtech and e-learning are major market drivers, it is essential to note that the offline segment accounted for the largest market revenue share in 2023. This is driven by government investments in traditional educational infrastructure, teacher training for conventional classroom settings, and the significance of physical learning environments. Also, the offline space focuses on in-person interaction between students and teachers, which promotes a more collaborative and social learning environment.  

Key Trends in Government

The public sector continues to evolve, focusing on integrating technology, supply chain resilience, and adopting sustainable practices. Key areas for 2024 include digital transformation and AI, strategic investment in infrastructure, sustainability and resilience, and cybersecurity and ethical AI challenges. AI is changing the skills needed by government employees, specifically in call centers.

Other trends to note are that:

• Tax and revenue agencies are using emerging technologies for compliance
• More governments are recognizing the risk posed by legacy technologies for policy         implementation
• Governments will create three segregated regional tech markets to pursue digital             sovereignty: the European Union, Sino-Russian, and U.S.-led Indo-Pacific. The rise of           these markets will force public and private sector organizations to adjust their supply       chains and the global tech industrial complex to choose who they want to serve and         from where

Last year, North America led the market, accounting for 36.1% of the market share. Significant revenue generation in this region is due to well-established and financially robust education systems, including primary, secondary, and higher education institutions. There is also a high level of government investment in education, advanced tech infrastructure, and a strong emphasis on research and development. This boosts North America's overall competitiveness when it comes to educational institutions. Additionally, the region's dominance in the industry can be attributed to prominent global universities and a wide range of academic programs.

The Asia-Pacific region is poised to see significant growth in the market in 2024, as it is home to a large and rapidly growing population with a large proportion of young students. Increasing demand for education, especially at primary and secondary levels, is driving market growth, and many countries in the region are investing in education infrastructure and policies that enhance the quality and accessibility of education.

A high level of M&A activity by leading players characterizes the market for government education. Large educational corporations and tech companies often engage in M&A to strengthen their market position, grow their service offerings, and improve their capabilities to deliver educational solutions.

Nearly 300 listed education companies hold a combined market cap of around $200 billion at any time, with significant fluctuations over the past few years. Small defense and government tech companies need an M&A strategy, especially with many larger buyers currently pausing on M&A deals. M&A is a key strategy for minor defense and government tech companies seeking organic growth opportunities, such as winning prime contracts in competition against established industry players.

Industry-focused PE firms that are equipped to provide upfront capital offer proven M&A capabilities. They can spot acquisition targets and help companies execute strategies effectively, significantly reducing the risks associated with a solo growth approach.

Americas : Sam Smoot at +1 (813) 898 2350 /   [email protected]

Europe:  Michael Lawrie at +44 (0) 161 359 4400 /   [email protected]

Africa : Anthony McCardle at +27 21 300 2055 /   [email protected]  

ABOUT BENCHMARK INTERNATIONAL:

Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive M&A Advisor in the World by Pitchbook’s Global League Tables.

Website :   http://www.benchmarkintl.com Blog :   http://blog.benchmarkcorporate.com

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Five trends to watch in the edtech industry

Over the past couple of years, we’ve seen rapid growth in the education-to-employment segment of the edtech sector that serves adult learners. Valuations for these education-to-employment edtech firms have had a roller-coaster ride, as existing companies attract a huge influx of capital, thousands of new players enter the field, and investors question what scalable and profitable business models look like in the space. There are now dozens of edtech “unicorn” start-ups with valuations of more than $1 billion.

Here are five things we see happening in edtech that sector players may want to consider as they plan their next moves:

1. Capital inflows are higher than ever

Thanks to rapid technological change and enterprise digitization, many companies are looking to continuously upskill their workforce. At the same time, broadband access has become more affordable, and distance-education technologies have become more advanced. These developments have helped the edtech sector boom; venture capitalists (VCs) invested $20.8 billion in the edtech sector globally in 2021. 1 “Global EdTech venture capital report - full year 2021,” HolonIQ, January 2, 2022. That’s more than 40 times the amount they invested in 2010.

While public valuations have recently cooled, private companies are still raising capital at double-digit revenue multiples. VCs continue to flock to edtech because professors, administrators, students, and employees have grown more comfortable with education technology during the pandemic. We believe these habits are here to stay and that online education is becoming the new normal.

2. Edtech players are merging and partnering to achieve scale and efficiency

Edtech companies want the lifetime value of their customers to exceed the cost of acquiring them. Financial statements show that sales and marketing costs at several of the largest edtech firms have ranged from 20 to 60 percent of revenue in recent years. 2 From the 10-K filings of 2U, Coursera, and Grand Canyon Education.

As they seek sustainable ways to drive down the industry-wide problem with high customer acquisition costs (CAC), some edtech firms are turning to M&A in hopes of reaching economies of scale. In June 2021, 2U announced an $800 million acquisition of edX, a nonprofit run by Harvard and MIT. This acquisition gives 2U access to a strong customer-facing brand, approximately 40 million registered users, and hundreds of university partners. These assets give 2U a significant presence in growth markets outside the United States and could help reduce CAC while it builds out its free-to-degree model.

There have been other recent major mergers and acquisitions in the edtech sector. For example, Anthology and Blackboard agreed to a $3 billion merger. All these mergers and acquisitions have been enabled by plentiful capital. But once companies have signed the contract, they face the challenge of integrating their respective operations to realize the promised benefits.

3. Large firms view employee reskilling and upskilling as a necessity

With a near-record number of US jobs going begging, thanks to a tight labor market, attracting and retaining talent has become a core challenge for many firms. Large employers like Amazon, Walmart, Target, and Google have announced major investments in workforce education and development programs to decrease churn and fill talent gaps. Some, like Walmart, are dovetailing these programs into their diversity, equity, and inclusion (DEI) initiatives. 3 Patti Constantakis, “Walmart.org Center for Racial Equity update: Creating career pathways through education,” Walmart, October 21, 2021.

To meet the demand for upskilling and reskilling, online-education companies are expanding and emphasizing their enterprise offerings. Among the 15 adult-education companies that received the most funding in 2021, all but one have an enterprise offering (Exhibit 1). Even companies like Coursera, which initially focused on consumers, have drama­tically increased their revenues from enterprise clients in recent years.

To succeed in the enterprise space, edtech firms could offer features such as comprehensive workforce analytics that appeal to both HR departments and employees. For instance, apps could identify skill gaps in the workforce, offer educational content to fill those gaps, and provide coaching and career navigation services to match newly upskilled graduates with positions where they can add the most value.

4. India becomes a leader in the edtech race with global aspirations

In 2010, the United States attracted nearly three-quarters of global edtech VC funding. A decade later, investors turned their attention to India (Exhibit 2).

With increasing regulatory headwinds buffeting the Chinese edtech industry, prominent edtech players—including Udacity, Coursera, and edX—have turned their investment focus to the enormous Indian market. While the Chinese market accounted for 63 percent of edtech funding in 2020, that dropped to less than 13 percent in 2021. In India, edtech funding has grown from $0.2 billion five years ago to $3.8 billion and 18 percent of global investments in 2021. Since English is widely spoken in India, international edtech firms may be able to achieve rapid success there even without translating much of their content.

At the same time, locally grown Indian edtech players like Emeritus have reached billion-dollar valuations and begun acquiring companies in the US market.

To thrive amid global competition, edtech firms can tailor a growth strategy for each target country while protecting their home market.

5. Edtech leaders are focusing on supporting career progression

In 2021, McKinsey surveyed more than 3,500 edtech students. We found that many were motivated by the prospect of jumpstarting their careers and were seeking a sense of community.

New modalities, such as virtual and augmented realities, web3, AI, and machine learning, are making their way into education. However, our findings suggest that edtech providers cannot rely too heavily on technology and content. Learners want value-added services such as personalized mentoring, preparation for interviews, and support in getting a job.

To deliver more holistic user experiences, some edtech players are building their internal capabilities and making acquisitions. In India, for example, upGrad acquired a recruiting and staffing agency to help its students advance in their careers. In the United States, On Deck built a business model to give students access to a community rather than sell them courses. Arizona State University offers free counseling, mentoring, and crisis intervention support to online- and hybrid-learning students.

Despite a dip in 2019, global investments in edtech have registered an average 45 percent CAGR for the past five years and still grew 30 percent from 2020 to 2021. It’s an exciting sector to be in, but players may want to keep a close eye on how it develops.

Saurabh Sanghvi is a partner in McKinsey’s Bay Area office, and Marius Westhoff is a consultant in the New Jersey office.

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A path to value in higher education.

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A new report from Strada Education Foundation identifies strategies and metrics that can redefine ... [+] what success looks like for states and colleges, with a focus on value.

As tuition rates continue to climb and debates swirl about whether or not college is worth it, many higher education leaders are rightly shifting their focus to the concept of value . Though it can be difficult to measure and quantify value, there is growing recognition across the field that if we are going to restore confidence in higher education, we need to address the questions of return on investment.

It is no longer enough to focus solely on getting more people enrolled in college or even to increase completion rates; the emphasis now needs to be on preparing learners for what’s next in their journey. But how do we ensure that our investment in higher education will open doors to well-paying careers and provide opportunities for economic mobility?

Last week, Strada Education Foundation put forward a new set of ideas designed to help higher education leaders address this issue. Their State Opportunity Index identifies strategies and metrics that can redefine what success looks like for states and colleges, with a focus on value.

While there are bright spots across the country, as the State Opportunity Index makes clear, there is significant room for improvement in every category.

The report establishes two criteria that should serve as bookends in colleges' quest for value. First, are states adequately measuring and publicly reporting the connection between postsecondary education and employment, or as Strada frames it “clear outcomes”? Second, how well aligned are higher education programs with well-paying jobs that are available in the labor market?

Strada finds the strongest performance among states in the clear outcomes category, which is critical for both helping college leaders make decisions about program improvement and empowering students and families to make informed choices about which opportunities to pursue.

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Roughly half of states currently qualify as “leading” or “advanced” in their data collection and transparency practices. This is a good start, but more states need to embrace their role as the hub of critical data and information sources that are too often disconnected, siloed and underleveraged. For example, only a few states have enhanced their wage records to produce insights on occupational outcomes of high school graduates and college graduates, which is critical for understanding the success of the full education and training pipeline. Even fewer can disaggregate this information by demographics, which limits the ability to understand equitable outcomes.

At the other end of the spectrum is employer alignment. When considered from the labor market perspective, value in higher education can be measured at least in part via a supply and demand analysis; to what extent are education systems producing the supply of talent needed to meet employer demand? Or from the learner perspective, how available are postsecondary programs that lead to well-paying jobs in their communities?

According to the report, that alignment is generally lacking. No states meet the criteria to qualify as “leading” in this area, and the majority are not graduating enough students from postsecondary institutions with the credentials needed to land well-paying jobs in high-growth industries such as IT, business, healthcare and advanced manufacturing.

This mismatch presents an opportunity for higher education systems; if postsecondary leaders want employers to look to their institutions as talent pipelines and economic development partners, they should prioritize harnessing data to be more responsive to labor market needs and produce the talent employers are looking for to fill key roles. Strada finds that Rhode Island and Utah are currently leading the country in meeting talent demands in what it terms “opportunity jobs,” which are of particular importance because they are well-paying and under-supplied entry-level positions with potential for upward mobility.

The report then goes on to unpack two other critical elements of students’ higher education experience that, when delivered effectively, can lead to greater economic opportunity and mobility. These include students’ access to quality career coaching and advising, and to work-based learning experiences such as paid internships.

Colleges in most states have considerable work to do for these experiences to become the norm for their students. Nationally, only a quarter of graduates from community colleges and a fifth of graduates from four-year institutions experienced personalized career coaching. And when it comes to paid internships, only one out of four four-year students and one out of 10 community college students were able to participate. As Strada points out, career coaching and paid internships are both highly correlated with students’ future career satisfaction and their ability to make progress toward their goals, so increasing the availability of these supports and experiences can go a long way to addressing questions of value and return on investment.

And finally, this report shines the spotlight on college affordability, acknowledging that the costs of college need to be within reach of all students in order for higher education to live up to its promise. Recognizing that much research has already been done on this topic, Strada takes a somewhat unique angle in asking the question of how many hours students would have to work annually to cover the net price of their college education. Put differently, could students afford to work their way through college?

Perhaps not surprisingly, community colleges fare better than four-year institutions on this indicator, but the report finds wide variation across states. California and Washington are the most affordable states for students to attend college, according to the report.

By taking a deep dive into five measurable dimensions of value in higher education, Strada’s analysis elevates important questions about how to center on value within the broader continuum of education to careers.

This means building strategies aimed at the ultimate goal of career and economic value at every level. It means shifting K-12 education from a narrow focus on high school graduation rates as the key indicator of success to more meaningful measures of students’ readiness tied to their postsecondary success. It means—as State University of New York Chancellor and former U.S. Secretary of Education John King put it during the launch event for Strada’s report— shifting higher education leaders’ perspectives on the impending demographic cliff from a fixation on the scarcity of 18-year-olds to the abundance of adults over the age of 25 who would benefit from building new skills and earning a high-value credential.

In this case “value” means not just whether students graduate, but how well their education prepares them for what’s next.

A shift in focus to delivering value at every stage of the education to workforce pipeline could yield tremendous benefits for both individuals and economies. Strada’s State Opportunity Index offers a quantifiable framework for making that shift in higher education; other players with a stake in preparing students for meaningful careers can look to this approach to shape their own applications of value.

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Project Report For Educational Institute

Introduction

The project report for Educational Institute is as follow.

Education is a social institution that teaches a society’s youngsters basic academic information, learning skills, and values norms of culture. A formal educational institution is responsible for the systematic transmission of information, skills, and cultural values structure that is well-organized. It is one of the most powerful institutions in modern civilizations. Every country in the world possesses some sort of notwithstanding the fact that their systems differ considerably.

Technologically basic cultures rely on families to teach skills and values, passing down a way of life from one generation to the next. As society’s technology got more complicated, the school became the first institutional agency that exposed the kid to the laws of the broader society.

Children acquire language and fundamental mathematics abilities in elementary school. Furthermore, cultural values and standards are taught in all educational institutions. Here, the kid learns to identify and observe rules, how to behave in groups, how to sit quietly and listen to teachers, how to engage in social activities, and how to take criticism obligations. Education is a socialisation process in and of itself.

Schooling allows youngsters to internalise the social rules that contribute to society’s functioning of society. This is accomplished not just via the teaching of “book knowledge,” but also through the teaching of society’s culture, which includes moral ideals, ethics, politics, religious beliefs, habits, and standards (a feeling of self-discipline).

Schools are responsible for instilling values such as discipline, respect, compliance, regularity, and responsibility determination. Schools instil conformity in children by encouraging them to be good students, diligent future employees, and law-abiding citizens.

Market Potential Of Educational Institute

The Higher  Education  Market was valued at USD 66.40 billion in 2019 and is expected to reach USD 118.95 billion by 2027, growing at a 9.25 per cent CAGR between 2020 and 2027. Growing international student mobility, as well as increased government efforts and financing, are projected to provide several possibilities for higher education suppliers.

With approximately 1.7 billion learners unable to attend their educational institutes and in need of online education to continue with their tuition for the current academic year 2020-21, there is a high platform for online education. According to industry analysts, the use of eLearning technologies will gain popularity during the COVID-19 epidemic and will progressively expand in the post-COVID-19 period in order to be prepared to deal with a similar lockdown situation in the future. Furthermore, some higher education solution vendors are making their products available for free during the epidemic in order to increase the use of higher education solutions. The International Monetary Fund (IMF) forecasts a recession even worse than the 2008 global financial crisis. However, this may have a beneficial influence on the market because a recession may raise demand for re-skilling and prolonged time in school.

Market entrance study assists educational organisations and institutions in determining the most appealing segments, regions, or locations to grow operations in. Market research intelligence enables multiple evaluation factors, such as local industry profiles, economic activity, potential student profiles, interest levels, and the operational environment for schools and universities.

Market research, for example, may identify the market potential for higher education courses in various areas and cities, as well as assess graduate employment rates, corporate demands when recruiting, and forecast future demand for educational programmes. Market research, for example, may assist schools in mapping areas and identifying expansion prospects. Territory mapping can contain information such as identifying current rivals in the area, whose firms are situated in the same region, and the extent to which they recruit students from schools within the same geographical boundary. Alternative cities and areas for investment can also be identified through research.

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Moldova + 1 more

Terms of Reference Refugee Education Working Group (REWG) Moldova, Updated April 2024

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The war in Ukraine has had a devastating humanitarian impact on children and families from Ukraine. UNHCR estimates that as of March 2024, roughly 6.5 million people from Ukraine have been displaced to other countries and another 3.7 million are internally displaced.

Moldova shares a large border with Ukraine and has traditionally had strong socio-economic ties with the country. Moldova is considered an upper middle-income country with a population of roughly 2.65 million people (2020).1 Despite strong economic growth, Moldova remains amongst the poorest countries in Europe. The GDP per capita remains around USD 4,500 annually. However, even with domestic economic challenges, the Republic of Moldova has been incredibly supportive and generous to the situation of refugees from neighboring Ukraine. Since late February 2022, Moldova has faced a huge humanitarian crisis with large numbers of refugees entering Moldova due to the conflict in Ukraine. According to the UNHCR Data Portal, between March 2022 and April 2024, a total of just over 1 million refugees from Ukraine crossed the borders from Ukraine to the Republic of Moldova2 . Many of them continued their journey to Romania and other European countries, but about 118,000 refugees remain in Moldova, of whom 44% are children.

The Ministry of Education and Research (MER) has taken an open and active role in addressing the education needs of the refugee children. MER issued an Instruction in September 2023, easing requirements for enrollment in Moldovan schools. All children from Ukraine arriving after the 24th of February 2022 can enroll in Moldovan schools regardless of their legal status. However, the Moldovan education system is overburdened and there is a need to increase support for MER to be able to provide formal and non-formal education opportunities to refugee children. Furthermore, many families have chosen for their children to continue attending online Ukrainian classes, leading to low enrollment rates in Moldovan schools.

The overall objective of the Refugee Education Working Group (REWG) is to enhance and strengthen the coordination in the interventions of education stakeholders in Moldova to support the Government of Moldova in providing access to quality and inclusive education in safe and protective learning environments for refugee children living in Moldova.

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