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Asia as the World’s EdTech Lab:What It Means and Why it Matters
Todd MaurerMarch 19, 2015
China Online Conference 2015 - Maurer
Education and Learning 2.0
“Middle Income” Drives Higher Education Demand
Source: UNESCO Institute of Statistics, accessed 2015
2005
138 million
2025E
270 million
Students Enrolled in Tertiary Education, 1999-2012
Venture Funding of Education Companies: 1997-2014
China Online Conference 2015 - Maurer
M&A Transactions in Education: 2010-2014
5
In the past few years, global education companies have emerged as the leading source of strategic investment and acquisition valued at $100m +
Source: Educated Ventures LLC
China Online Conference 2015 - Maurer
Emerging Higher Education 2.0
Source: Educated Ventures
China Online Conference 2015 - Maurer
Comparative K12 Enrollments v Affordability
K12 Enrollments (in millions) in Asia and Per Capita GDP (US$, PPP)
Pre-Primary Education: Enrolments (GER) and Percentage Private by Age
OECD avg. = 81% US avg. = 69% China avg. = 54%
Asian variance at early childhood participation level with growing private alternatives for families
Source: UNESCO Institute of StatisticsNote: Country age ranges for this data set displayed in brackets
Pre-Primary Education Activity
Student Projections to 2030Tertiary enrolments are growing rapidly with significant runway to 2030 from relatively low historical levels
Percentage of Students Aged 15+ with Tertiary Education (1970-2030)
Source: Asia Development Bank
Asia and Global E-Learning Leadership
Asia’s leading growth markets on 5 year projected basis include: Vietnam (+45%), China (+30%), Thailand (+34%), and Malaysia (+39%)
Asia is driving e-learning revenues across content and services, projected to reach $11.5 billion by 2016.
Global Location and Percentage Growth in E-Learning (Self Paced) (2011-2016)
Mobile Learning by Region (2011-2020 in USD Billion)
Asia (esp. Emerging Asia) will drive market value to exceed $12B by 2020.
Mobile Connectivity and M-Learning
ASIA K12$500-700B
PRIVATE$50B
INTL SCHOOLS $4B
ELL$27B
STUDY ABROAD
$30B
Sources: Ambient; GIA; British Council; Educated Ventures estimates
Aggregate = $750B +Growth to 2020 significant
Market Sizing in USD by Sub-Segment
Asia as Epicenter of English Language Training
“Serious” Games
World Revenues for Game-Based Learning and Simulation Learning (2012 and 2017F)
64% of Global Games-Based
Learning
27% Simulation
ASIA in 2017
N. AMERICA in 2017
25% of Global Games-Based
Learning
41% Simulation
Youthfulness of Online Audiences Build to Future
Over 75% of Indian internet users under age 35 (China = 57%, US = 48% ).
Asia’s youthful pipeline creates greater capacity for overall growth in connectivity.
Demographic Composition of Online Audience in Asia-PacificSurvey 2013 (Aged 15+)
Source: ComScore
China Online Conference 2015 - Maurer
Labor Market Pressures to 2025
India will require 300 million new jobs through 2050 (Pakistan, Bangladesh and Indonesia area also likely see expanding operations).
In Asia, employment quality and demand will drive demand going forward
China Online Conference 2015 - Maurer
The Increasing Use of Corporate E-Learning
54 % of Fortune 500 firms using some form of online or belnded learning.
50% of this training by value occurs in US companies.
In 2013, total revenue:
US$300 BILLION
As Global R&D shifts abroad, the needs of corporate training are increasing amongst multinational firms and Asia-based congolmerates
Source: trainingindustry.com;
Venture Capital in Education: Now Active in Asia
17
With overall VC volumes up worldwide, Education sector VC investments in the US reached with more than $1.5 Billion or xxx the level in China, which was approximately $300 million.
VC Investment in Asia-Pacific ($US Million) , 1994-2014
VC Investment in EDUCATION in US and China1994-2014 ($US Million)
Source: AVCJ
Recent EdTech Start-Ups in Asia
18
Asia-based education start-ups are expanding rapidly across with region, to tackle local educational challenges of access, quality and affordability.
Education Businesses and Investment: The Road Ahead
Source: GSV Advisors
After rapid growth, “education capital” still remains a fragment of other industries in the US (eg. Healthcare) despite its large proportion of total GDP, with even lower representation overseas.