Private players to invest in latest technologies and expand networks to enhance teaching methods and support growth
Ken Research announced its latest publication on Brazil Education market will continue to grow at a considerable pace in the next few years with rising income levels and growing need to obtain quality education in private institutions of the country. Additionally, the government will continue to focus towards increasing traction on the technology based learning in Brazil private schools. The market is predicted to grow at a CAGR of ~% from FY’2016-FY’2020 and is expected to cross USD 351.7 billion by 2020.
The use of e-Learning and smart classes is expected to spread in the education market as an effective medium of a more engaging and interactive learning in all levels of education. Further, developments in technology along with rising internet penetration in the country are anticipated to improve the situation of online education condition in Brazilian universities. It is expected that over the next five years through 2020, the usage of modern tools and techniques such as smart classes, LMS, gamification and others will become common in Brazil.
The vocational and technical education market in Brazil is expected to witness a steady growth in terms of revenues and enrollments in the coming years. This growth will be attributed to the increase in number of enrollments in vocational and technical institutions. The changing mentality of the society for the vocational institutes as a means to shorten the skill gap would contribute to the growth of this segment. Additionally, these institutes will continue to provide specialized courses to students and uplifting them to the market requirements of skilled labor.
Similarly, the higher education industry in Brazil is likely to experience a robust growth in the coming 5 years. Along with students, teachers are also growing their participation in training courses to keep up to date with the latest teaching methodologies and resources so as to help students grasp the modern teachings. Brazil will look forward to fill the shortage of teachers by decreasing the skill gap. The education industry is likely to witness an increase in the number of private players in the Brazil education sector, with existing players planning to expand their businesses across the country.
“Brazil education industry is estimated to witness a remarkable growth during the period 2016-2020 led by enrollments in private sector educational institutions. The market is expected to cross USD 351.7 million by 2020. It is anticipated that K-12 will continue to generate the maximum revenue, with a contribution of ~% in terms of revenue in 2020. The second highest contributor to the market revenue is expected to be vocational and technical education with a share of ~% by 2020. Higher education market will record revenue of USD ~ billion by the end of 2020. Furthermore, the test preparation market will be the fastest growing market in terms of CAGR over the forecasted period 2016-2020. It is anticipated that the Brazil Test Preparation market will progress at an impressive CAGR of ~% during 2016-2020, owing to rising competitiveness and the need to outperform in competitive examinations including GMAT, GRE, TOEFL and others.”, according to the Research Analyst, Ken Research.
The report titled “Brazil Education Market Outlook to 2020” provides detailed overview on the Private Education market in Brazil and readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, private existing and new players as well as other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Ankur Gupta, Head Marketing & Communications