The K-12 education sector in India comprises with more than 1.5 million schools and over 259 million enrolments. The sector has grown at a CAGR of 2.7% in 20215-2015.
- Definition / Scope
- Market Overview
- Market Risks
- Top Market Opportunities
- Market Drivers
- Market Restraints
- Industry Challenges
- Technology Trends
- Pricing Trends
- Regulatory Trends
- Other Key Market Trends
- Technology Roadmap
- Distribution Chain Analysis
- Competitive Landscape
- Competitive Factors
- Key Market Players
- Strategic Conclusion
Definition / Scope
The education sector in India is a mix of government-operated & privately operated educational institutions and allied education products & services providers. These institutions are regulated primarily from the federal level, state level, and local level government bodies.
To smoothly regulate and provide enhanced quality education, the educational system in India is divided into pre-primary, primary, elementary, secondary, undergraduate, postgraduate levels.
The K-12 education sector can further be divided into three broad categories by age group
- Nursery and K-5 segment: This is the entry point of students in school, and is usually marked by high enthusiasm and involvement of parents in students’ academic and non-academic growth. This segment is flourishing mainly because of demand documented from schools and parents for non-academic products such as personality development, extra-curricular skills including public speaking, artistic work, dancing, and singing, etc. so as to sharpen students’ creativity.
- Grades 5-8 segment: This segment follows a rigorous focus on academic curriculum.
- Grades 9-12 segment: More than school curriculum-based education, this age group starts to become focused on test-prep for board exams and their college education. The main aim of educators is to prepare students for their future in which they want to pursue further graduation course to accomplish the career goal.
Key Highlights for each segment
- Catering age group of 1-3 years
- It is an informal segment providing sessions of innovative activities
- Pre-school segment is mostly unorganized
- Players like Eurokids, Kidzee etc. operate on franchise model both nationwide and internationally
- Cash flow is high in this segment
- These institutions broadly address the education needs of students between age group 3-18 years
- India has the largest K-12 population globally
- The K-12 education sector in India comprises with more than 1.5 million schools and over 259 million enrolments. The sector has grown at a CAGR of 2.7% in 2015-2017. Government schools account for the majority slice of pie. The K-12 Indian book market is likely to grow at a CAGR of 19.6%, from USD 3.1 billion in 2015-16 to USD 7.65 billion by 2019-20. As the government is ushering focus on digital learning, private publishers are gearing up to provide e-content to schools linked to the curriculum.
- Moreover, the school going population in India in 2015 constituted 19.4% of the total Indian population. Additionally, the Gross Enrolment Ratio for schools was 84.6% in 2013-14 comparing UK’s 95.4% and US’s 93.6%. However, only 2% of schools offer the complete K-12 school.
Higher Education: After K-12, the technical and non-technical segment is included in higher education India possesses a highly developed higher education system, which offers the facility of education and training in almost all aspects of human creativity and intellectual endeavours like: arts and humanities; natural, mathematical and social sciences; engineering; medicine; dentistry; agriculture; education; law; commerce and management; music and performing arts; national and foreign languages; culture; etc. There are three principal levels of qualification within the higher education system in the country:
- Graduation level
- Post-graduation level
- Doctoral degree
Besides these three, there is another qualification called a Diploma. It is available at the undergraduate and postgraduate level. At the undergraduate level, the duration of the course varies between one to three years; postgraduate diplomas are normally awarded after one year course, though some diplomas are awarded after two years of study.