Economic Evolution To Invigorate The Education Industry In Philippines: Ken Research The significance of schooling system has been well realized globally. Schools are those institutions which not only lay the foundation of education in any country but also promote holistic development of a nation via amelioration in the literacy level rates. Basically, education is reckoned as a public good, entrusted to government and nonprofit institutions around the world, and generally involves a huge spending. In line with the Education Market Research Reports, as far as the proof fit companies are concerned, they have managed to attain a certain position by stepping in to offer education either by acting as school operators in K–12 and higher education or by providing ancillary services like tutoring, day care, and test preparation. While over the years, even some private companies have well discovered niches in sectors that involve post secondary and corporate training. The education industry in Philippines is noticed to be greatly fragmented via presence of large number of public and private players competing on the basis of tuition fees, infrastructure and other services.
Philippines education industry has witnessed a healthy growth in the past decade due to the adoption of enhanced basic education models in the country from time to time. Also, financial support from foreign countries like Australia, Canada, and US has supported the Philippines government in effectively restructuring the education system that prevails in the country.