Education Sector in Singapore to 2019 — Market Size and Intelligence Report — Indalytics Advisors

EDUCATION SECTOR IN
SINGAPORE TO 2019 —
MARKET SIZE AND
INTELLIGENCE REPORT
Indalytics Advisors business@indalytics.com www.indalytics.com
July 2014

Education Sector in Singapore to 2019 — Market Size and Intelligence Report
©Indalytics Advisors Pvt. Ltd l www.indalytics.com l 1
TABLE OF CONTENT
 Education System in Singapore
 Market Size of Singapore’s Education Sector
 Forecasted Market Size of Singapore’s Education Sector
 Drivers Impacting Singapore’s Education Sector
o Driver 1
o Driver 2
o Driver 3
o Driver 4
 Trends in Singapore’s Education Sector
o Trend 1
o Trend 2
o Trend 3
o Trend 4
 Setting–up a Private Educational Institution in Singapore
 5-forces Analysis of Education Sector in Singapore
o Threat of New Competition
o Threat of Substitute Products and Services
o Bargaining Power of Buyers
o Bargaining Power of Suppliers
o Intensity of Competitive Rivalry
 Profiles of Major Players
o Crestar Education Group Private Limited
o Ednovation Private Limited
o EtonHouse International Holdings Private Limited
o Informatics Education Limited
o Kaplan Singapore
o Marshall Cavendish Education Private Limited
o NTUC LearningHub Private Limited
o Overseas Education Limited
o Raffles Education Corporation Limited
o TMC Education Corporation Limited
 Annexure

LIST OF FIGURES
 Figure 1: Education System in Singapore
 Figure 2: Singapore’s Education Sector — Market Size (S$ billion / US$ billion)
 Figure 3: Singapore’s Education Sector — Public and Private Education — Enrollments
 Figure 4: Singapore’s Education Sector — Public and Private Education — Market Size
 Figure 5: Forecasted Market Size of Singapore’s Education Sector — 2014(E)–2019(F)
 Figure 6: Government Spending on Education — 2010–2014
 Figure 7: Government Spending on Education — Operational and Development
Projects
 Figure 8: Population of Singapore — 2010–2014
 Figure 9: Population Growth in Singapore — Residents and Non–residents
 Figure 10: Breakup of Singapore’s Population — Residents and Non–residents — 2013
 Figure 11: GDP Growth Rate of Singapore, as compared to Other Countries
 Figure 12: Household Broadband Access (%) in Singapore — 2003–2013
 Figure 13: Internet Usage for Education and Learning Activities in Singapore — By Age
Groups
 Figure 14: Singapore Government Expenditure on Technology in Education — 2013–
2014
 Figure 15: Private Educational Institutions in Singapore — By Types
 Figure 16: Enrollment in Private Educational Institutions in Singapore — By Types of
Institutions
 Figure 17: Enrollment in Private Educational Institutions in Singapore — Residents and
non–residents
 Figure 18: Enrollment in Private Educational Institutions in Singapore — By Types of
Courses
 Figure 19: Enrollment in Postsecondary Courses in Private Educational Institutions in
Singapore — By Types of Courses

 Figure 20: International Students in Government and Private higher Education
Institutions in Singapore
 Figure 21: Visitors from ASEAN Countries in Singapore — 2010–2013
 Figure 22: Five Forces Analysis of Singapore’s Education Sector
 Figure 23: Number of Teaching Staff in Singapore
 Figure 24: Break–up of Singapore’s School Education, Higher Education and Vocational
Education Market into Government and Private
 Figure 25: Combined Gross Enrollment Ratio in Singapore
 Figure 26: Literacy Rate in Singapore
 Figure 27: Singapore Population by Age Groups

PUBLICATION DATE
July 2014
NUMBER OF PAGES
65
PRICE OF THE REPORT
Single User: US$1,500
Multi User/ Enterprise: US$3,750
Visit www.indalytics.com or write to us at info@indalytics.com to know
more about the report.

ABOUT THE REPORT
The report ‘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.

EXECUTIVE SUMMARY
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.
RESEARCH METHODOLOGY
This report has been prepared through the following comprehensive
methodology:
The market definitions used in the reports are the standard definitions
recognized by the industry. In this report, the market size of the education
sector is defined as the sum total of core expenditure on teaching
students. It includes the fees paid by students in private schools and higher
education institutions, as well as the government expenditure per student
in case of public schools and higher education institutions.
Bases of all the figures are taken from the statistics provided by the
government, ministries, as well as prominent organizations such as the
World Bank, International Monetary Funds, UNESCO Institute of Statistics,
World Factbook — CIA etc. The data is further validated through credible
analyst reports, white papers by industry organizations, questioners and
expert interviews.

LIST OF ORGANIZATIONS MENTIONED IN THE
REPORT
Assumption Pathway School
Birmingham City University
Crest Secondary School
Crestar Education Group
Ednovation Private Limited
Edusnap
EtonHouse International Holdings
Private Limited
Hull University
Informatics Academy
Informatics Education Limited
Informatics Global Campus
INSEAD
John Hopkins
Kaplan Inc.
Knowledge Universe
LASALLE College of the Arts
Marshall Cavendish Education Private
Limited
Modern Montessori International
Murdoch University
Nanyang Academy of Fine Arts
Nanyang Technological University
National University of Singapore
NCC Education
Northlight School
NTUC LearningHub Private Limited
Overseas Education Limited
Raffles Education Corporation Limited
Royal Holloway University of London
Simplilearn
Spectra Secondary School
Tembusu Partners
TMC Education Corporation Limited
University College of Dublin

REPORT SAMPLE
EDUCATION SYSTEM IN SINGAPORE
Singapore’s education sector caters to 0.93 million students, and accounts
for 21% of the government’s annual budget. The education sector is
regulated by the Ministry of Education, which also governs all the public
schools and higher education institutions, and set guidelines for the
private ones. For Singapore citizens, the education is free in public schools
and government–subsidized in private schools. Education is also
mandatory till primary level through the Compulsory Education Act —
which makes it a criminal offence for parents failing to enroll their students
in schools and ensuring their regular attendance, with an exception for
homeschooling or full-time religious institutions’ students.
Education in Singapore starts at the age of three with preschool education,
and continues for three years. The years are called Nursery, Kindergarten
1 (K1) and Kindergarten 2 (K2), with each year having two semesters.
Preschool education is not mandatory, and is imparted by several private
as well as government–sponsored kindergartens. The People's Action
Party — which has governed Singapore since 1957 — operates
approximately 235 kindergartens through its charitable arm, PAP
Community Foundation.

FIGURE 1: EDUCATION SYSTEM IN SINGAPORE
Source: Indalytics Advisors

FIGURE 2: SINGAPORE’S EDUCATION SECTOR — MARKET SIZE (S$ BILLION / US$ BILLION)
FIGURE 3: SINGAPORE GOVERNMENT EXPENDITURE ON TECHNOLOGY IN EDUCATION — 2013–2014
School education
Higher education
Vocational education
and training
Year = 2014 (E)
Total Market Size:
S$XXX billion
US$XXX billion
Infrastructure Setup to Support Pervasive Use of ICT in
Teaching, Learning and Assessment
Technology Refresh
2014 (E) 2013

FIGURE 4: ENROLLMENT IN PRIVATE EDUCATIONAL INSTITUTIONS IN SINGAPORE — BY TYPES OF INSTITUTIONS
FIGURE 5: INTERNATIONAL STUDENTS IN GOVERNMENT AND PRIVATE HIGHER EDUCATION INSTITUTIONS IN
SINGAPORE
Commercial
Postsecondary
institutions
Vocational
postsecondary
Institutions
Preparatory
educational
Institutions
Foreign System
Primary and
Secondary Schools
Total enrollment: XX
Government Higher education
Institutions
Private Higher Education Institutions

FIGURE 6: FIVE FORCES ANALYSIS OF SINGAPORE’S EDUCATION SECTOR
Threat of new
competition
Threat of substitute
products and services
Bargaining power of
buyers
Bargaining power of
suppliers
Intensity of competitive
rivalry
Government Institutions Private Institutions
Low
High

DISCLAIMER
No part of this publication may be reproduced, stored in a retrieval system or transmitted
in any form by any means, electronic, mechanical, photocopying, recording or otherwise,
without the prior permission of the publisher, Indalytics Advisors Private Limited.
The information contained in this report is of a general nature and is not intended to
address any particular individual or entity’s circumstances. Although proper care has been
taken to provide accurate and timely information, there can be no guarantee that such
information is accurate as of the date it is received or that it will continue to be accurate
in the future. The publisher should not be held liable for any discrepancy in the
information. No one should act upon such information without appropriate professional
advice after a thorough examination of the particular situation.
Publication Volume: GCI-14-GL–04
Publication Date – July 2014
© 2014 Indalytics Advisors Private Limited
For further information, please contact
info@indalytics.com

NOTES

Education Sector in Singapore to 2019 — Market Size and Intelligence Report — Indalytics Advisors

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Education Sector in Singapore to 2019 — Market Size and Intelligence Report — Indalytics Advisors