DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/7wb33p/education_sector) has announced the addition of the "Education Sector in Singapore to 2019 - Market Size and Intelligence Report" report to their offering.
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.
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.
Key Topics Covered:
1. Education System in Singapore
2. Market Size of Singapore's Education Sector
3. Forecasted Market Size of Singapore's Education Sector
4. Drivers Impacting Singapore's Education Sector
5. Trends in Singapore's Education Sector
6. Setting-up a Private Educational Institution in Singapore
7. 5-forces Analysis of Education Sector in Singapore
8. Profiles of Major Players
For more information visit http://www.researchandmarkets.com/research/7wb33p/education_sector