K-12 education market in Thailand expected to grow at a CAGR of more than 3% during the period 2016-2020.
This research report titled ‘K-12 Education Market in Thailand 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
The report categorizes the K-12 education market in Thailand into three segments by level of education. They are:
- Primary education
- Secondary education
- Pre-primary education
This education segment primarily focuses on teaching core subjects from the National Curriculum, including science, social studies, religion, Thai, mathematics, culture, health and physical education, art, career and technology, and foreign languages. Public primary schools are administered by the Office of the Basic Education Commission (OBEC).
There will be stagnation of the enrollment rate in public institutions, whereas this rate should rise significantly in private schools on account of new enrollments and learners switching to private institutions in search of an international education. “Demand for quality education at par with international standards, is driving public-private partnerships and the establishment of various private schools. This will propel the primary K-12 education market in Thailand during the forecast period,” says Jhansi Mary, a lead analyst at Technavio for K-12 and higher education research.
In the secondary education segment, the objective is to include a curriculum that is in alignment with industry requirements. Many federal research studies have indicated the poor quality of education in the country. While the country’s English language proficiency is lower than Cambodia’s, its general quality of education is ranked below Laos. These indicate the significant challenges the Thailand education regulatory authorities need to overcome so as make Thailand an international education hub.
At a granular level, there are efforts initiated to manage this challenge. Schools are ensuring that a significant amount of their budget is spent on equipping students with appropriate laboratories for science and computer education, along with the use of educational hardware like interactive whiteboards and tablets in classrooms. This trend is gaining traction in private schools, and the government too, is taking initiatives to upgrade and introduce the latest technology in schools as a result of which this segment should experience steady growth.
As in India and China, there is a growing trend of students seeking to go abroad for higher education in subjects like engineering, information technology, communication, and business. As a result, there are significant developments triggering the improvement of English fluency. This has also led to a rise in the number of bilingual schools in the country. “Educational institutions, are focusing on grooming their students to get admissions in reputed universities in the US and the UK. All these developments indicate that not only will the country witness a rise in enrollments, but there will also be a strong positive development in Thailand’s secondary education segment,” says Jhansi.
The 10-Year Plan and Policy for Early Childhood Development (2006-2015) of Thailand ensures that early childhood education is universal and includes all Thai children. The plan will provide the opportunity for balanced development and increase participation from stakeholders. Adequacy of funds to deliver quality education and provision of access to disadvantaged groups are the key focus areas. Most preschools are private and located in Metropolitan Bangkok. These schools are under the supervision of the Office of the Private Education Commission, Ministry of Education.
Another major factor for the growth of the market is the emergence of education technology startups, which are catering to the pre-primary segment. For instance, the Taamkru app was developed to ensure that pre-primary students have a good knowledge foundation.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Bangkok Patana School
- Harrow International School
- NIST International School
- Ruamrudee International School