We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byJarod Hilton
Modified over 4 years ago
© 2005 NIIT. All Rights Reserved. China and India: The Rise of the Asian Mega Markets and What it Means for Professional Publishers Sudeep Das Vice President – Publishing Services NIIT (USA), Inc.
© 2005 NIIT. All Rights Reserved. The Opportunities Indias education and training sector offers private institutions an estimated US$ 40 bn market, with a potential 16% five-year CAGR. More than 1,200 private engineering colleges, 300 business schools and more than 140 private medical colleges in India. Represent a US$7bn market Engineering takes the major share at US$5.85bn (or 83% of the total). After K-12, private professional colleges form the single biggest category in Indian education. Source: CLSA Research Report(APAC Markets), March 2008
© 2005 NIIT. All Rights Reserved. The Opportunities Vocational Training - includes staff training for Airlines Retail chains Hotels Financial services Basic skills such as English improvement. Global Workforce Requirement 50% of population is below the age of 25 Global shortfall of 56mn skilled workers by 2020, India will have 47 million excess at that time. But without proper education and training majority of these potential workers will not be employable. Source: CLSA Research Report(APAC Markets), March 2008
© 2005 NIIT. All Rights Reserved. The Opportunities Quality of Education McKinsey study - 10 to 25% graduates in India are employable 300,000 engineering diplomas awarded each year, only 25% competent to work 50% of technology graduates not good enough Quality of Study Material Syllabi revision is slow Little effort on research and development in Universities Libraries are not well stocked All this presents an opportunity for providing better quality content and solutions. Source: CLSA Research Report(APAC Markets), March 2008
© 2005 NIIT. All Rights Reserved. The Opportunities Skills Development Market for Higher Education in India is projected to grow almost three times in the next 10 years Market size for Skills Development in India is projected to grow almost ten times, albeit over a smaller base Current private education market in India of ~US$ 40 billion is expected to grow to ~US$ 115 billion in the next 10 years Multimedia in schools, child skills development, IT training and E- learning, preparatory and vocational studies, though relatively small segments in 2008 are forecasted to grow in the range of 25% to 60% and will together represent 1/4th of the market. Source: CLSA Research Report(APAC Markets), March 2008
© 2005 NIIT. All Rights Reserved. The Opportunities Chinese Education legislation has been updated in line with policy on internationalization New educational approaches being tried in Chinese institutions Concept of education management has been introduced Great need for management development and training has emerged in institutions and education authorities English language teaching and training programs that lead to professional qualifications have multiplied Growing demand for Continuing Professional Development, particularly on taught postgraduate courses, and distance education Source: British Council Market Intelligence
© 2005 NIIT. All Rights Reserved. The Opportunities Chinese IT Education & Training market to grow at a CAGR of 19% from 2007 to 2011 Driving Force Chinese government promoting vocational education in a big way. IT education & training is more employment-competitive for the industry than traditional academic education. Technological progress & gap of IT talents foster good opportunities for development of the market. Hampering Factor Industry development model is not yet robust. Source: CCIDC Consulting Annual Report on Chinas IT education & training market
© 2005 NIIT. All Rights Reserved. The Indicators - India All this points to the fact that the education market in India will remain robust and keep growing for at least a couple of decades. The Five-Year Plans in India are beginning to reflect increased government spend on education. Given the special focus on education in the Eleventh Five-Year Plan(2007-2012), I have no hesitation in calling this Plan a National Education Plan- Prime Minister Mr. Manmohan Singh Even Tax structure contains an extra Education cess.
© 2005 NIIT. All Rights Reserved. The Product Portfolio - India TextBooks – Indian education market uses about $2B of textbooks every year. There is a strong need for improving quality of content and coming up with new content for vocational training and skill development. Test Prep Products – Annual market is $1.7B with a Career development focus. Educational CD-ROMs – Current market size is $120M mostly in the K-12 space but growing rapidly. Vocational Training – includes staff training and improvement of skills like English Language Improvement. Current market size is $1.4B per year. Emerging Corporate & Retail e-Learning products – This is the fastest growing avenue, to grow 10 times in 5 years Multimedia inside schools is a new wave Source: CLSA Research Report(APAC Markets), March 2008
© 2005 NIIT. All Rights Reserved. The Challenges Adaptation of content needed to suit Indian & Chinese markets Strong Local players tapping the market Localization/Translation of content Prevalence of secondhand book usage
© 2005 NIIT. All Rights Reserved. Thanks!!
The English College System
Select China as an Alternative Destination
Maines Colleges & Universities Meeting the Needs of Maine People.
An overview of the INDIAN EDUCATION SYSTEM
FIT FOR PURPOSE An employers perspective from Rolls-Royce Richard Hill Hanoi, 6 February 2007 CD07105/FEB01.
Business education in the UK: which course to choose?
Building National Competencies نبني المهارات الوطنية Building National Competencies نبني المهارات الوطنية 1 Role of Employer Engagement in Skills Development.
President of the National Statistics Council 1 Ridha FERCHIOU National Statistics Council 2007 CNS OECD World Forum on Statistics, Knowledge and Policy.
The New Economy in Indianapolis The New Economy in Indianapolis Rob Atkinson Vice President and Director, Technology and New Economy Project Progressive.
How the Public Sector Can Beat the Upcoming Talent Crisis: Understanding the Multi-Generational Workforce Tim Phoenix NSAA/NASC Joint Middle Management.
Transportation and Minnesotas Economic Competitiveness Tom Stinson Tom Gillaspy September 2012.
MA Leadership and Management (Further Education) Godfrey Pryce Hurley, Mike Jones, Gavin Thomas IPDA International Conference 30 November – 1 December.
Higher Apprenticeship in Business & Professional Administration 19 October 2012 Anthea Hollist Research and Projects Officer.
The company for students, graduates and employers Simon Reichwald Director, Bright Futures.
Education & Full Employment Garry Jacobs World Academy of Art & Science Dream of a Global Knowledge Society Inter-University Centre, Dubrovnik, Sept 8,
Trends in the Maine Labor Market
The Project: “Education in Great Britain, in the USA and in Russia: the common features and distinctions” The author: Grachova Y, (pupil of the 9th“a”
Tertiary Education and National Transformation: Challenges and Future Expectations.
IEEE China Office Lan Wang Project Manager, IEEE China Office Kolkata, India March 2012.
1 China and the Global Publishing Market Publishing Workshop, Beijing, September 4, 2007 H. Dirk Koehler, Publisher, The World Bank, Washington, DC I want.
© 2018 SlidePlayer.com Inc. All rights reserved.