Document summary
This report looks at education, one of the most pressing socioeconomic challenges today, and considers that education for all offers a once-in-a-generation investment opportunity to build healthy, prosperous and equitable societies, with every dollar invested in education generating US$10- 15 in economic returns according to the UN. The global education sector is worth US$4.5-5.1tn today, encompassing K-12, post- secondary, corporate and government learning, e-learning, child care and language learning. Going forward, Bank of America Merrill Lynch estimates that the fastest growth could come from e-learning and for- profit education, as well as from emerging markets’ increasing focus and spend (notably China and Brazil). By 2017E, global education is on target to become a US$5.9-7.8tn market. The report further explores strong growth drivers particularly in emerging markets and structural shifts towards for-profit education companies and education-related technologies.