Education Sector Transaction Value Projected to Grow Significantly Until 2027
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Research collaboration between East Ventures, Katadata Insight Center (KIC), and PricewaterhouseCoopers (PwC) Indonesia shows that the transaction value in the education sector continues to increase. The projected transaction value for this sector could reach Rp1.207 trillion in 2027.
In 2017, the transaction value in the education sector was Rp546 trillion. The proportion was: 11% from junior high and senior high schools; 22% from early childhood education (PAUD) and elementary schools; 36% from higher education institutions; and 32% from other sources.
In 2022, it reached Rp828 trillion. The proportion was: 11% from junior high and senior high schools; 21% from PAUD and elementary schools; 36% from higher education institutions; and 33% from other sources.
The growth in transaction value from 2017 to 2022 reached 9%.
The projection for 2023 is Rp880 trillion. The percentage breakdown is: 11% from junior high and senior high schools; 20% from PAUD and elementary schools; 36% from higher education institutions; and 33% from other sources.
The projection for 2027 is Rp1.207 trillion, with a percentage breakdown of: 11% from junior high and senior high schools; 20% from PAUD and elementary schools; 36% from higher education institutions; and 33% from other sources.
Transaction value growth from 2023 to 2027 is projected to reach 8%.
The proportional component from year to year shows little change. What has changed significantly is the transaction value itself.
The team notes that the government has implemented changes and adjustments through the Merdeka Belajar (Independent Learning) program. This will also affect the education budget or its transaction value.
"In the 2022/2023 academic year, as part of this policy, the Merdeka Curriculum program was officially implemented and adopted gradually by schools," the research team wrote.
Data compiled from Euromonitor. This report is included in the East Ventures-Digital Competitiveness Index (EV-DCI) 2023, themed *Digital Justice for All Indonesian People*.
(See also: After the Pandemic, Transaction Value in the Healthtech Sector is Projected to Continue Increasing)
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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