Education

WHAT'S NEXT?: Education will increasingly be online, just-in-time and competence-based. VR will become more mainstream in education technology. The vision of easily accessible learning will be enormously powerful and widespread in a few years. The global artificial intelligence market in the education sector will grow exponentially and post an impressive CAGR of over 39% by 2020.

North America is a leading market, accounting for 30% of the global market in 2019, but East Asia is projected to surpass North America by 2030, owing to a massive student population and adoption of remote learning during the coronavirus pandemic.
In Kenya, primary and secondary schools will remain closed through 2020, although colleges and other institutions of higher learning can reopen in September.
In Kenya, the number of people with primary education is expected to increase by 25% by 2030, with the number of people who have completed secondary or tertiary education growing by 60% over the next decade.
Up to 20,000 jobs in the health, education, and scientific sectors will be created as a result of the budget increase in Morocco.
Asia and the Pacific will need to invest $26.2 trillion during 2016-2030 (or $1.7 trillion per year) for infrastructure (excluding soft services such as health and education) to maintain growth.
For the remainder of 2020, organisations that expand remote work functionality will prioritise collaboration software, mobile device management, distance learning educational solutions and security, as well as the infrastructure to scale to support increased capacity.
Driven by tough competition for good schools and jobs, as well as technological advances in virtual learning, China's online education market is expected to more than triple to 696 billion yuan ($99.3 billion) in 2023 from 203 billion yuan in 2019.
Since most students around the world are in primary - at 49% - or secondary school - at 39 percent-then in terms of aggregate losses, they will be much higher at the lower levels of education, between $6.5 trillion and $9 trillion.
The education emergency would jeopardise global goals to end poverty and inequality by 2030 and could set back progress on gender equity by years.
By 2020, automation will be creating more jobs than it is destroying globally, with job gains in healthcare, education, and the public sector outweighing losses in manufacturing.
Within a decade, most new jobs will require a graduate level of education as a minimum.
Leaders are urging the G20 to ramp up funding and 'rebuild education better', stating: The World Bank now estimates that over the next year overall education spending in low and middle-income countries could be $ 100-150 billion lower than previously planned.
Over the next year, overall education spending in low- and middle-income countries could be $ 100-150 billion lower than previously planned.
For the remainder of 2020, organizations that expand remote work functionality will prioritize collaboration software, mobile device management, distance learning educational solutions and security, as well as the infrastructure to scale to support increased capacity.
The gaming industry in Turkey will continue to grow in the coming years with better education and an improved eco-system with new games and technologies - likely attracting even more foreign investment.
In California, a pre-virus study by the McKinsey Global Institute projected job growth through 2030 for health professionals, STEM fields, alternative energy, professional jobs in service fields including managers, and in education - fields requiring some higher education or graduate degrees.
Although there's a growing number of U.S. communities that will begin the 2020-2021 school year virtually, many others, are resuming in-person learning or using a hybrid format that combines both a distance approach and classroom instruction.
To deliver quality education for all, we need to more than double education spending in low and middle-income countries by 2030 to $3 trillion a year.
AI in Education Market is projected to surpass USD 6 billion by 2024 due to the growing demand for Intelligent Tutoring System by educational institutions.
With a predicted $4.6 billion in revenue losses in 2020 alone, mainly attributed to a lack of international students, conservative estimates put job losses in tertiary education at 21,000 in Australia.
The Chinese education market should reach $715 billion by 2025 and was responsible for creating seven new billionaires.
All pupils in all year groups in England will go back to school full-time in September, alongside a £1bn fund to help England's pupils catch up with learning.
The fastest growth in demand for AI in education solutions and services is predicted to be witnessed by the Asia-Pacific region during the forecast period.

Last updated: 30 September 2020

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