According to the education
market research report, people aware about increase in skill
mismatches, therefore, corporate and individual learners are increasing their
investments in technical and vocational education. The education sector is
based on long-lived traditions and follows a strict code of rules. Primary
education and secondary education institutions are publicly-funded. If we talk
about European countries, students in the UK until the age of sixteen years are
entitled to a free place at a state school compared to the private education
sector which is expensive. There are four main types of state schools in the UK
such as the community school, foundation school, trust school and
voluntary-aided schools. Community school is run by the local authority and is
linked with the local community which also offer childcare and adult learning
classes. Foundation schools are self-run school that employs the staff and has
its own admissions criteria. Trust school is another type of foundation school
which forms a charitable trust with an outside partner. Voluntary-aided schools
are religious schools run by the local authority.
Secondary-school education starts at the age of 11 to 14 and are
educated on various subjects such as English, Maths, Science, Design and
Technology, Information and Communication Technology (ICT), History, Geography,
Modern Foreign Languages, Art and Design, Music, Citizenship, Physical
Education, Careers education and guidance, Sex and Relationship Education and
Religious education. After graduating from the secondary school, students may
choose to either leave school or continue with their education. They may continue
at vocational or technical colleges, or pursue higher education in various
universities.
The market for technical and vocational education has witnessed a steady
growth over the recent years. People are interested in technical and vocational
courses, thereby; institutions are employing more workforce in this sector. The
increase in digitization in technical and vocational education with advanced
technology, many of the trainers are improving the delivery of vocational and
technical education through online and offline platforms. Classroom-based
training is still the dominant method of teaching in UK rather than online
training. PCs, tablets and smartphones are used to improve distance learning
programs. The increase in technology in technical and vocational training has
motivated the large chunk of the population to use educational software
solutions, virtual learning platforms, simulations, and interactive multimedia
content in the education market.
According to “Education
Business Review”, education market is constantly growing due to the
increase in public and private institutions, ministries of education,
government agencies, and educational and testing companies. There is a stiff
competition between public and private educational institutes with an intention
to draw faculty, students, research funds, and business partners for
association. Increased in internet penetration, internet connectivity, privacy
of cloud based resources, replacement of device based computing,
personalization of technology, introduction of mutual and online learning are
the key factors driving the education market in the country. Agreements, partnership,
new technological developments and ease of deployment are the major
opportunities for education market. Thus, the increasing competition is
mounting high pressure on already established universities’ business models.
Software solutions provided in the education market are segmented
into campus technology, data security and compliance, student and curriculum,
performance management, content and collaboration and other solutions. Various hardware
devices that are technological advanced in education market are tablets, PCs,
projectors, interactive white boards, and printers which play an important role
in enabling educators and student to capture leading opportunities. The other
services offered in an education market are consulting, advisory, implementation,
training and other support services. Education market is segmented into private
colleges, community colleges and state universities.
Education industry has doubled
over the recent years due to huge support for research functions in higher
education institutions. Primary, secondary, and higher education institutions are
getting public support that helps to manage with possible fluctuations in
revenue caused by Brexit. Increase in the higher education cost, decreased
government funding and difficulty in adopting server based computing may pose
major challenges in the education market
over the next few years.
To know more,
click on the link below:
Contact Us:-
Ken
Research
Ankur Gupta,
Head Marketing & Communications
0124-4230204
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