If any sector is ripe for disruption, it’s education. The industry has exceptional long-term prospects, yet many education providers are conservative and slow-moving.
The global education industry will be worth US$10 trillion by 2030, from about US$6 trillion today, estimates education data provider Holon IQ. More than a billion extra students will graduate by then as developing economies in Asia and Africa drive demand.
The world will need 100 million teachers by 2030 or an extra 1.5 million on average each year. Then there’s the boom in early-learning education, after-school tutoring, vocational education and training, online learning, and education compliance and administration.