International Education Market
International Education Market – Global and South-East Asia
International education is a dynamic phenomenon, including the journey or movement of people, thoughts, or ideas across political and cultural boundaries.
The realm of international education is a merging vessel of people, and learning with a global perspective guarantees students are exposed to many cultures, ethnic groups, faiths, and languages, improving society and widening everyone’s academic experience.
Market Size and Forecast
In 2022, the worldwide international education market (school segment) was valued at $53.8 billion.
The worldwide international education market (school segment) is expected to grow and reach $95.9 billion by 2030.
The global market will be growing at an approximate CAGR of 7.5% during the forecasted period 2023-2030.
Some markets, such as China, Japan, Malaysia, Thailand, Spain, and Russia, attract a large number of international students since tuition fees are affordable in contrast to the United States, Canada, the United Kingdom, and Australia.
Renowned International Schools
Market Overview – Southeast Asia (Malaysia, Thailand, Philippines, India, and Singapore)
Malaysia is recognized as one of the top 10 destinations for post-secondary education by UNESCO. The number of international students in Malaysia is estimated to grow by 6.4% during 2014- 2025.
In Thailand, approximately 30,000 students come from around the world for higher education.
Before the pandemic, approximately 74,689 international students were provided student visas for studying in India. Approximately 25,349 students are estimated to come to India for education at the school level, and the market in India is valued at $0.30+ billion.
In the Philippines, approximately 40% of the students who come from abroad are studying at the School level.
In Singapore, approximately 17,830 students who come from abroad are studying at the Secondary level. The study abroad market for Singapore is estimated to be $0.20+ billion.
Renowned International Schools in 5 Countries
International Education Market in Southeast Asia – Market Trends Summary
India
➟ English proficiency creates challenges for Indian students in international education.
➟ India’s foreign student numbers grew by 42% in 7 years, mostly from neighboring countries.
Malaysia
➟ Growing private education markets and foreign investment in Malaysia.
➟ Growing number of international students in Malaysia over the last decade.
Singapore
➟ COVID-19 has led to more interest in Singapore as an education. destination.
➟ Singapore is one of the most preferred destinations for Indian students due to its high-quality infrastructure.
Thailand
➟ Falling birth rates pressurizes Thailand to internationalize education.
➟ Inbound mobility increased in ASEAN countries led by Malaysia & Thailand.
Overall South-East Asia
➟ The COVID-19 pandemic highlighted the need for equitable access to resources & technology in the international education sector.
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Data Sources: ISC Research, College Dekho Abroad, Top Universities, and other sources.
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