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Hong Kong's education and training market is a vibrant and dynamic sector, with a strong emphasis on quality and innovation. The market is worth an estimated HK$200 billion (US$25.5 billion) and is projected to grow at a CAGR of 5% over the next five years. This growth is being driven by a number of factors, including:
A growing demand for skilled labor
An increase in the number of students pursuing higher education
A rise in the popularity of online and blended learning programs
Hong Kong Education and Training Government Procurement
The Hong Kong government is a major purchaser of education and training products and services. In 2022, the government spent HK$30 billion (US$3.8 billion) on education and training procurement. This spending is expected to increase in the coming years, as the government focuses on developing a skilled workforce to support Hong Kong's economic growth.
The main education and training products and services procured by the Hong Kong government include:
Curriculum development and materials
Professional development for teachers
Assessment and evaluation services
IT and e-learning solutions
Special education services
The top authorities for Hong Kong education and training procurement are:
Education Bureau
Vocational Training Council
University Grants Committee
Hospital Authority
The top winners of Hong Kong education and training procurement are:
Hong Kong Educational Publishing Company
Pearson Education
McGraw-Hill Education
Kaplan International Colleges
ETS
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