GURUGRAM, India, June 10, 2019 /PRNewswire/ --
- University Enrollments in Singapore has increased at a CAGR of 7.2% during the period 2013-2018. However, in future it is expected that the university enrollments in Singapore will increase at a CAGR of 9.2% during the period 2018-2023E.
- In Future, it is anticipated that the revenue generated by the EMBA programmes will increase at a CAGR of 1.6% during the period 2018-2023. Revenue generated by the MDP courses will increase at a CAGR of 0.4% during the period 2018-2023E.
- The Singapore Executive Education Market is expected to witness an increase in the number of industry focused courses. There will be an increase in the demand for customized courses from the corporate professionals.
Increase in market share of EMBA programs: In future, it is anticipated that the revenue generated by the EMBA courses will dominate the Singapore executive education market by accounting majority revenue share by the year ending 2023. On the other hand, it is expected that the MDP programs will contribute the second highest share in generating revenue for the overall executive education market in Singapore.
Major Courses Demanded: Singapore Executive Education market is at a mature stage. In order to expand the consumer base, the institutes are expected to introduce more courses for entry level candidates. In future, it is expected that the majority of the demand will be in the field of artificial intelligence which will be introduced by the colleges to accommodate the demand of the industries in MDP courses. On the other hand, as far as Executive MBA programs are concerned, the demand for industry focused programs will increase in future and there will be huge demand from healthcare and financial sector in the coming years.
Increasing Demand for Customized Courses: As the technology will advance in the coming years, the demand for a customized program will increase positively as industry professional will prefer to choose electives of their own choice which will provide them specialization in a particular sector. It is anticipated that majority of the programmes offered in the colleges in future will be customized in EMBA programmes.
Analysts at Ken Research in their latest publication "Singapore Executive Education Market Outlook to 2023 - By Type of Program (EMBA and MDP), By Funding of the Program MDPs (Company Sponsored and Self Funded) and EMBA (Self Funded, Partial Funding and Company Sponsored), By Duration MDP (1-7 days, 7-14 days and more than 14 days) and EMBA (up to 12 Months, 12-24 Months and More than 24 Months)" believed that the Executive Education market in Singapore will grow due to rapid transformation in education system, increase in the number of people employed, increase in the number of customized programs offered and evident salary hike after completion of these courses. The market is expected to register a positive CAGR of 1.1% in terms of revenue during the forecast period 2018-2023.
Key Segments Covered
By Type of Programmes
By Funding in MDP
- Company Sponsored
- Self Financed
By Funding in EMBA
- Self Funded
- Partially Funded
- Company Sponsored
By Duration of MDP
- 1-7 Days
- 7-14 Days
- More than 14 Days
By Duration of EMBA
- Upto 12 Months
- 12-24 Months
- More than 24 Months
Key Target Audience
- B Schools
- Online Education Consultancies
- Ministry of Education/ Higher Education Authority
- Online Education Aggregators
- Investors in Private Equity Firm
Time Period Captured in the Report:
- Historical Period: 2013-2018
- Forecast Period: 2019-2023E
Major Institutes Covered
- National University of Singapore
- Ngee Ann Academy
- NTU - Nanyang Business School
- ESSEC Asia-Pacific (Singapore)
- Singapore Management University
- Management Development Institute of Singapore
- Rutgers University - Singapore
- Aalto Executive Education Academy (Aalto EE)
- YMCA Education Centre- Singapore
- Aventis School of Management
- ERC Institute
- FTMS Global Academy
- Singapore University of Technology and Design
- IMD Business School Singapore
- PSB Academy
Key Topics Covered in the Report
- Singapore Executive Education Market - Overview and Genesis
- Singapore Executive Education Market Size
- Singapore Executive Education Market Segmentation (2018)
- Student Profile in the Singapore Executive Education Market
- Trends and developments in Singapore Executive Education Market
- Issues and Challenges in the Singapore Executive Education Market
- Global Synopsis of Executive MBA Programs
- Government Regulations
- SWOT Analysis
- Decision making Parameters for Students
- Competitive Landscape in Singapore Executive Education Market
- Market Share and Profiles of Major Players in the Singapore Executive Education Market
- Future Analysis of the Singapore Executive Education Market, 2019-2023
- Analyst Recommendations
For more information on the research report, please refer to the below link:
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Ankur Gupta, Head Marketing
Ken Research Private Limited
SOURCE Ken Research