HolonIQ, a global market intelligence platform specialising in education, has revealed intriguing insights into the future landscape of the sector. Their analysis suggests a remarkable surge in global education and training expenditure, on track to rise to an impressive $10 trillion by the year 2030. However, these projections may face disruptions owing to evolving demographic trends.
Of particular note are the rapidly growing populations in developing markets, particularly in Asia and Africa. These regions are witnessing unprecedented growth, with an ageing populace contributing significantly to an anticipated expenditure surge likely to surpass $8 trillion by 2025.
Nigeria spearheads Africa’s substantial increase in the population of children aged 10 to 14. On the other hand, this specific age group is expected to decline in countries like China, India, Indonesia, Brazil, Sri Lanka, Mexico, and Russia. This demographic shift could potentially reshape educational dynamics in these regions.
A significant forecast by HolonIQ is the ascent of India as the foremost source of international students, surpassing even China. This transformation in the origins of international students may have far-reaching effects, potentially influencing the structure and offerings of postgraduate programmes worldwide. This trend aligns with the educational preferences sought after by Indian students seeking opportunities beyond their homeland.
Moreover, HolonIQ’s research paints a picture of steadily increasing international student enrollment, expected to reach a substantial 8.95 million by 2030. While the growth rate might experience a marginal slowdown, key factors such as affordability, post-graduation prospects, and the economic conditions prevalent in different markets will continue to wield significant influence over the mobility patterns of students across the globe. This evolving landscape underscores the pivotal role these factors play in shaping the global educational landscape in the years to come.
