Market trends
In this market, schools and universities are increasingly concerned with corporate citizenship - meeting today's needs without compromising the ability of future generations to meet their own.
Four main trends are impacting this market:
- Rising Asian demographics will bring about a sharp increase in global demand for Education. The world's student population is expected to climb from 97 million in 2000 to 263 million by 2025, half of them Chinese or Indian. The estimated number of students studying abroad will jump from 1.7 million to an estimated 8 million during the same period.
- Increased use of new technologies is helping to expand online degree programs.
- Regional alliances and campus openings abroad are being stepped up to pool resources, attract students and facilitate exchanges between schools.
Increasing competition is encouraging worldwide acceptance of the concept of accreditation as a system enabling institutions to gain recognition for their high quality curriculum, building and services standards.
These trends are leading colleges and universities to seek an experienced, worldwide partner capable of optimizing costs, building and running dynamic facilities and enhancing the institution's reputation.
(Source: Sodexo)
Over 150 billion euro in estimated total market value*, including 60 billion euro in Foodservices.
- Outsourcing rate: 30%
(highest rate: Canada 70%; among the lowest rates: Japan 25%) - Outsourced market average annual growth rate: 3 to 4% over the next 3 years
*The market value for Facilities Management services (excluding Foodservices) is nearly double that of Foodservices.
(Sodexo estimate)
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