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New opportunities in Asias emerging education markets

Summary
This report explores the potential of the education industry in Southeast Asia and South Asia, and its implications for investors and educational entrepreneurs. The report notes that economic growth and higher education spending are strongly correlated in Southeast Asia and South Asia, and that emerging economies in these regions are expected to become new engines of global economic and population growth in the coming decades. However, the education industry in these regions is still in its early stages, and there are several challenges to growth. These challenges include low absolute levels of income, weak infrastructure, and urban-rural disparities. For example, the relatively low absolute level of income in most Southeast Asian countries restricts the realization of the market potential for direct-to-customer products, and the countries' weak telecommunication, Internet, and electronic payment infrastructure hinders the entrance and scaling up of online players. Despite these challenges, there are several potential investment opportunities in the education industry in these regions. For example, online education is expected to be a major growth area, as more people gain access to the Internet and mobile devices. Vocational training is also expected to be a growth area, as the demand for skilled workers increases. Finally, international education is expected to be a growth area, as more students from Southeast Asia and South Asia seek to study abroad. Overall, the report suggests that the education industry in Southeast Asia and South Asia has significant potential for growth, but that investors and entrepreneurs will need to navigate several challenges in order to capitalize on this potential.
Region: Asia 
Published: June 2023 
Author(s): Oliver Wyman 
Language: English 
Social drivers: Sustainability and ethics 
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