Education

WHAT'S NEXT?: Education will increasingly be online, just-in-time and competence-based. VR will become more mainstream in education technology. The vision of easily accessible learning will be enormously powerful and widespread in a few years. The global artificial intelligence market in the education sector will grow exponentially and post an impressive CAGR of over 39% by 2020.

• [New] The European Union is building a European Education Area with key targets promoting lifelong learning with a goal of 25% of people engaging by 2025, for example, and setting an European Union-wide benchmark for investment in education at 5% of GDP.
• [New] There are 15 million children of preschool going age in Europe and the early childhood education sector is expected to reach more than €215.78 billion by 2025.
• The aim of the government to raise its current gross enrolment ratio to 30 per cent by 2020 will boost the growth of the distance education in India.
• Our global population is expected to grow even higher in the coming years, placing increased pressure on healthcare services, education, agriculture, traffic management, resources and the environment.
• Given the strong correlation between higher education and economic growth, some experts have been bold enough to claim that the growth of the U.S. economy through 2020 and beyond will be tied directly to the level of education achieved by its workforce.
• VR experts and enthusiasts predict that the Oculus Quest launch has opened many opportunities for industries like healthcare to cure phobias or in education to enhance interaction.
• Most jobs forecast to be created by 2030 will require a medium or high level of education, while it is expected that the supply of workers with high-level qualifications will be insufficient within the next decade.
• With the development of domestic higher education systems, China, developed East Asia and India student export growth will slow but with large absolute populations of 15-24 year olds and growing middle classes still account for the bulk of growth to 2027.
• AI will help personalize learning and change the day-to-day learning experience for students all around the world.
• India has reached a gross enrolment ratio of 26.3% of people going into higher education and is close to achieving a target of 30% by 2020.
• In addition to the planned changes in the table above, starting in 2020-21, the government plans to centralize the delivery of all e-learning courses to secondary students in Ontario to allow students greater access to programming and educational opportunities.
• Starting in 2020-21, the government will centralize the delivery of all e-learning courses to allow students greater access to programming and educational opportunities, no matter where they live in Ontario.
• Singapore's annual spending of about S$ 1 billion on early childhood education will more than double over the next few years, as the Government looks to make pre-school education more affordable.
• The Global Gamification in Education Market Analysis to 2027 is a specialized and in-depth study of the Gamification in Education industry with a special focus on the global market trend analysis.
• The global Artificial Intelligence in Education market is expected to exceed more than US$ 4 Billion by 2024 at CAGR of 45% in the given forecast period.
• The education industry in India is projected to reach US $144 billion by 2020 (up from US $97.8 billion in 2016).
• The global population is expected to grow even higher in the coming years, placing increased pressure on healthcare services, education, agriculture, traffic management, resources and the environment.
• The U.S. is expected to showcase the highest adoption of deep learning systems in the coming years.
• The next 5 to 10 years will see a redefinition of the worlds of entertainment, education, training and the management of complex human collaborations - whether it be social or productivity oriented.
• Canadians are losing out on jobs and $15 billion to $25 billion per year in lost revenue that could be used for social programs such as health care, education and roads, as well as for research and development and innovation.
• Tens of millions of young Nigerian people will need education and employment opportunities along with basic services like sanitation and clean water.
• The artificial intelligence market in the US education sector is projected to reach a value of almost USD85 million by 2022.

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Last updated: 19 February 2020