Executive Summary
The report titled “Philippines
Education Industry Outlook to 2018 – Next Wave of Growth Driven by Test
Preparation, Teacher Training and Vocational Training Segment” presents a
comprehensive analysis of the industry covering aspects including market size in
terms of revenues, enrollments, establishments and faculty-student ratio. The
report also entails a detailed analysis of the market segmentation on the basis
of K-12, higher education, technical and vocational training, test preparation,
private tutoring, e-learning and teacher training and education by different
categories on the basis of revenues, enrollments and establishments.
The report provides the company
profiles of the major players operating in the test preparation,
technical-vocational training, teacher training and education, K-12, higher
education and e-learning market in Philippines. The report also highlights the
major trends and developments of all the segments in Philippines education
industry over the years. Future analysis of the industry along with its various
market segments is provided on the basis of revenues over the next five years.
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Philippines education industry
has showcased a significant growth in the past decade owing to the adoption of
the enhanced basic education model. The financial support and aid from the foreign
countries such as Australia, Canada, US and others have been aiding the
Philippines government in restructuring the education system in the country.
The several programs and initiatives have been taken by the Philippines
government to improve the quality of education in the country.
The increasing investments by
the government and other local and foreign agencies for the provision of
universal access to quality education at all levels to the Filipinos are likely
to boost the total number of enrollments and establishments in the education
industry in Philippines.
The K-12 education market has
been the largest contributor to the overall revenues of the Philippines
education industry. The revenues of K-12 education market were estimated to be
worth USD ~ million in 2013, which grew from USD ~ million in 2008.
The major growth driver in the
K-12 education market was the implementation of the enhanced basic education
program in Philippines. This market has been highly fragmented with the
presence of large number of public and private players competing on the basis
of tuition fees, infrastructure and other services. The major segments in the
K-12 education market are namely kindergarten, primary and high school.
Secondary level of education accounted for the majority share to the overall
revenues of the K-12 education market.
The higher education market is
the second largest contributor to the revenues of the Philippines education
industry. The market share of the higher education market in Philippines declined
to ~% in 2013. This declining market share was possibly due to the inclining
tuition fees for the private and public higher education institutions. Some of
the major players operating in this market are namely University of the
Philippines, De La Salle University and others. This market is likely to grow
at a CAGR of ~% in the next 5 years.
The technical-vocational
training segment accounted for a share of ~% in 2008 which declined marginally
to ~% in 2013. The major reason for this decline was the no or low fees charged
by the public technical-vocational training institutions in Philippines. This
market is expected to witness an increase in the revenues to USD ~ million over
the period from 2013 to 2018.
The Philippines private
tutoring market has contributed a share of ~% in 2008 which decreased slightly
to ~% in 2013. The trend of homeschooling in Philippines can be attributed for
the decline in the market share. The major players operating in the tutoring
market are namely AHEAD tutorial and review center, MSA Academic Advancement
Institute and others. It is expected that the private tutoring market in
Philippines will grow at a CAGR of ~% during the period from 2013 to 2018.
The test preparation market has
been the fifth largest market in the Philippines education industry. The market
revenues for test preparation increased from USD ̴ million in 2008 to USD ~
million in 2013. The Philippines test preparation market has been dominated by
the private players who compete with each other through review fees and other
flexibility options in timings and scheduling classes. The significant players
in the Philippines test preparation market for civil engineering review are
namely Besaville Review Center, Padilla Review Center, Gillesania Review Center
and others.
The inclining personal
disposable incomes, escalating competition have been some of the reasons for
remarkable growth of this segment. This market is expected to grow at a CAGR of
~% over the period 2013-2018.
The least share has been
contributed by the Philippines teacher training market in 2008. It is likely to
grow gradually in the future years owing to the government initiatives and
programs in this segment. The teacher education market has also been growing
rapidly and is expected to maintain its growth momentum in the future years.
The teacher education market has been segmented into bachelors and masters
degree programs offered in the field of teacher education in Philippines.
The Philippines e-learning
segment has been expanding rapidly and includes online-learning and training,
software development and e-content development. This market is likely to grow
at a remarkable rate in the future years.
The Philippines education
industry is estimated to register escalating CAGR of ~% for the period from
2013 to 2018 with the private players established in the industry driving the
enrollments in the education industry in the coming years.
Key Topics Covered in the
Report
- Market Size of Philippines Education Industry,
2008-2013
- Market Segmentation of Philippines Education by K-12,
Higher Education, Test Preparation, Technical-Vocational Training, Teacher
Training and Education, Private Tutoring and E-learning
- Market Size of K-12 Education Market, 2008-2013
- Market Segmentation of K-12 education Market by
Kindergarten, Primary and Secondary level of education, 2008-2013
- Market Size of Higher Education Market, 2008-2013
- Market Segmentation of Higher education Market by
Private and Public higher education institutions, 2008-2013
- Market Size of Test Preparation Market, 2008-2013
- Market Size of Private Tutoring Market, 2008-2013
- Market Size of Technical and Vocation Training Market,
2008-2013
- Market Size of Teacher Training Market, 2008-2013
- Market Size of Teacher Education Market, 2008-2013
- Market Segmentation of Teacher Education Market by
Bachelors and Masters Degree Programs in Education, 2008-2013
- Profiles of Major Players in Philippines K-12, Higher
Education, Test Preparation, Technical-Vocational Training, Teacher Training
and Education, Private Tutoring and E-learning Market
- Trends and Developments of Philippines K-12, Higher
Education, Test Preparation, Technical-Vocational Training, Teacher Training
and Education, Private Tutoring and E-learning Market
- Future Outlook and Projections of K-12, Higher
Education, Test Preparation, Technical-Vocational Training, Teacher Training
and Education, Private Tutoring and E-learning Market in Philippines, 2014-2018
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