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Singapore's education and training market is a vibrant and dynamic sector, driven by strong government support and a growing demand for skilled workers. The market is expected to reach a value of SGD 22.5 billion by 2025, with a CAGR of 6.5%. Key drivers of growth include the government's SkillsFuture initiative, which aims to provide all Singaporeans with lifelong learning opportunities, and the increasing demand for skills in areas such as technology, healthcare, and engineering.
The Singapore government is a major purchaser of education and training products and services. In 2022, the government spent SGD 6.8 billion on education and training, representing 1.3% of total government expenditure. The government procures a wide range of education and training products and services, including curriculum development, teacher training, and vocational training.
Singapore government's procurement priorities lean towards more specialized areas like curriculum development, teacher training, vocational training, and adult education. Higher education, while present, seems to hold less emphasis compared to Saudi Arabia's strategy. This suggests a targeted approach towards enhancing specific aspects of the education system for continuous improvement and workforce development.
The top authorities for Singapore education and training procurement are:
Ministry of Education
SkillsFuture Singapore
Workforce Development Agency
The top winners of Singapore education and training procurement are:
Kaplan Inc.
Singapore Polytechnic
Temasek Polytechnic
Nanyang Technological University
National University of Singapore
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