Global K-12 International Schools Market Overview
According to Global Market Monitor, the global K-12 international schools market size will be $8019.25 million in 2024 with a CAGR of 8.35%.
Market Status
With the development of globalization, the degree of social and cultural exchanges is getting deeper and deeper. The emergence of multinational companies has also made society aware that talents who can respond to multiple cultures will take the initiative in the workplace. Therefore, some parents choose to let their children participate in K-12 international school education and prepare for studying abroad.
For many parents, K-12 International School is their first choice when their children may not be mature enough and they cannot live independently under a completely different cultural background. With the development of the economy, the number of the middle class has greatly increased, and the number of people capable of sending children abroad has increased. The strong downstream demand has promoted the development of the industry.
Market Drivers
With the emergence of new technologies, international schools tend to accept innovative teaching methods. The new method applies to courses designed and developed by educators in the institution. International schools are using various methods to help students learn through interaction and collaboration. International schools are pioneers in the use of educational technology for teaching. The teaching process includes new technologies such as augmented reality, virtual reality, 3D printing, wearable technology, and drones. These technologies can make the classroom lively, attract students' attention, strengthen classroom interaction, and improve learning efficiency. The introduction of new technologies and concepts has not only enriched the teaching strength of the school but also strengthened the credibility of international schools. In terms of introducing new technologies and teaching methods, the prevailing belief is that international schools will outperform ordinary schools. This is why international schools are more attractive to parents than ordinary schools. Therefore, the introduction of new technologies and concepts is also one of the driving forces to promote industry progress.
Market Competition
The industry is highly competitive. The current low market concentration in this industry means that there are already many international schools in operation, and schools are striving for more market share. Companies that already have loyal customers, mature teams, and a comprehensive understanding of customer needs may be less affected. The school may compete in aspects such as hardware facilities, teaching ability, class size, student experience and feedback, and so on. If the newly entrant company does not have certain practical experience, sufficient funds, and mature promotion channels, it would be difficult to maintain a firm position in the market.
The policy has a great influence on the industry, and the establishment of the school is to cultivate talents and promote social development. To crack down on all kinds of bad business practices, the government has introduced a series of policies. China issued "China's Education Modernization 2035", which explicitly prohibits compulsory education schools from enrolling students under the name of "international department", "international curriculum" or "overseas class". At the same time, schools for children of foreigners are not allowed to enroll Chinese students. China's measures have raised the bar for the sector and eliminated some substandard international schools.
GEMS Education is one of the major players operating in the K-12 International Schools market, holding a share of 2.35% in 2024. GEMS Education operates schools and provides education services to public and private clients in the United Arab Emirates and internationally. It provides education for students from kindergarten (age 5) to Grade 12 (age 17) in the Middle East and North Africa, Africa, the Americas, the Asia Pacific, and Europe.
Company Name |
GEMS Education |
Website |
www.gemseducation.com |
Established Time |
1959 |
Business Distribution Region |
Middle East and North Africa, Africa, the Americas, the Asia Pacific, and Europe |
Company News |
In July 2024, Dubai Islamic Bank provided $3.25 billion in financing for GEMS Education, the world's largest private K-12 education provider. |
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