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Education

 

Overview of Education Sector

The education industry is expanding rapidly and its many businesses are eager for new talent, including experienced professionals and enthusiastic individuals just entering the workforce. The education industry can be described as the collection of organisations and businesses that provide products and services aimed at enhancing the quality of education in society.

The education industry consists of schools, colleges, universities, and various private institutions. The education industry provides its students with the knowledge and skills to adapt to a continually changing working world. The industry consists of an expanding array of organisations that strive to provide lifelong learning to its customers. The education sector can be broadly classified as primary education, secondary education, higher education, and vocational education.

The Education industry is crucial to the workforce capability of all other industries, but it also faces unique workforce development challenges of its own. With its responsibility for skilling the current workforce and preparing future generations for work and life, the Education industry is subject to intense public and political scrutiny and to frequent waves of policy change and review.

The Global Education Industry:

In terms of global size, the education industry is estimated to be valued in the trillions of dollars. The education industry plays a vital role in the global economy. Over 800 million adults in the developing world are illiterate and the majority live in the poorest countries. Education is the key to alleviating poverty in these nations – the more people who have access to education, the greater their chances are of leaving poverty behind. Knowledge, and the ability to educate citizens, is an important factor in a nation's worth. Countries with advanced education systems do better on the global market.

Education Industry Products:

  • Government school education
  • Private school education
  • Preschool education
  • University and other higher education
  • Language and other education
  • Technical and further education

Industry Activities:

  • Preschool education
  • School education
  • Post-school education
  • Other education

Capabilities

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Benefits

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