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Vietnam’s Higher Education Market to Grow by USD 528.6 Million (2024-2028), Driven by Shifts in Content Delivery; Market Evolution Powered by AI – Technavio

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NEW YORK, Nov. 21, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The higher education market in vietnam size is estimated to grow by USD 528.6 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 15.43% during the forecast period. Advent of changes in educational content delivery methods is driving market growth, with a trend towards growth of internationalization in the education sector. However, rising cost of higher education poses a challenge.Key market players include ABEO Inc., Adobe Inc., Anthology Inc., Apple Inc., Dell Technologies Inc., FPT Corp., Genius Edu Management System Pvt. Ltd., HCL Technologies Ltd., IDP Education Ltd., ILA Vietnam Co. Ltd., Innotech Vietnam Corp., Nash Squared, Oracle Corp., Orient Software Development Corp., Pearson Plc, Samsung Electronics Co. Ltd., and Topica Edtech Group.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Software and Hardware), End-user (Private colleges, State universities, and Community colleges), Courses (Undergraduate, Masters, and PhD), and Geography (APAC)

Region Covered

Vietnam

Key companies profiled

ABEO Inc., Adobe Inc., Anthology Inc., Apple Inc., Dell Technologies Inc., FPT Corp., Genius Edu Management System Pvt. Ltd., HCL Technologies Ltd., IDP Education Ltd., ILA Vietnam Co. Ltd., Innotech Vietnam Corp., Nash Squared, Oracle Corp., Orient Software Development Corp., Pearson Plc, Samsung Electronics Co. Ltd., and Topica Edtech Group

Key Market Trends Fueling Growth

In Vietnam’s higher education market, there’s a growing emphasis on continuous learning and professional development. Young individuals seek academic pursuits through universities, colleges, institutes, offering undergraduate and postgraduate degrees, vocational training, doctoral programs, certificates, and diplomas. Career progression and research endeavors drive the demand for practical skills, personal development, and professional networks. Global educational trends favor digital technologies, with online learning platforms and virtual classrooms becoming popular. Interactive simulations, augmented reality, and content collaboration tools enhance the learning experience. Institutions offer on-premises and cloud-based solutions for course types ranging from arts and humanities to economics, engineering, law, and science. Earning potential and employment prospects are key considerations, with analytical thinking, leadership capabilities, creativity, and a skilled workforce essential for career success. Educational infrastructure and technology solutions ensure academic continuity, even in remote learning scenarios. Curriculum requirements adapt to meet the needs of the youth population, while managed services and professional services support institutions in their mission to provide quality education. 

Vietnam’s higher education sector has witnessed significant internationalization since the 1990s, driven by the government’s goal to strengthen diplomatic and economic relationships with various trading partners. This trend is evident in the increase of joint programs and internationally accredited academic offerings. As of December 31, 2021, there were 408 joint programs between Vietnamese and foreign higher education institutions. Of these, 186 involved private institutions, while the remaining 222 were under the Ministry of Education and Training’s supervision. This growth underscores Vietnam’s commitment to enhancing its education system through international collaborations. 

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Market Challenges

In Vietnam’s higher education market, continuous learning and professional development are key priorities for young individuals seeking career progression and personal growth. This includes secondary schooling, universities, colleges, institutes, and academic pursuits such as undergraduate and postgraduate degrees, vocational training, doctoral programs, certificates, and diplomas. Employers value practical skills, research endeavors, and analytical thinking, making earning potential and employment prospects essential considerations. Institutions offer various course types, including arts, economics, engineering, law, science, online, and offline, catering to diverse learning needs. Challenges include curriculum requirements, global educational trends, and the integration of digital technologies like online learning platforms, virtual classrooms, interactive simulations, augmented reality, and content collaboration tools. Campus management, managed services, and professional services are essential for educational institutions to adapt and thrive. The youth population’s educational infrastructure and technology are crucial, enabling remote learning, academic continuity, and research opportunities. Ultimately, higher education plays a vital role in creating a skilled workforce, fostering creativity, leadership capabilities, and community advancement.The cost of higher education in Vietnam, particularly in private colleges, has become a significant concern for potential students. Tuition fees in private, nonprofit, and four-year institutions have seen a notable increase in recent years. This trend has resulted in a decrease in college enrollments due to the disparity between the high costs and the perceived value of a college degree. Additionally, the limited availability of well-paying jobs is further discouraging students from pursuing higher education with substantial fees.

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Segment Overview 

This higher education market in Vietnam report extensively covers market segmentation by

Product 1.1 Software1.2 HardwareEnd-user 2.1 Private colleges2.2 State universities2.3 Community collegesCourses 3.1 Undergraduate3.2 Masters3.3 PhDGeography 4.1 APAC

1.1 Software- The higher education software market in Vietnam is projected to experience substantial growth during the forecast period. This market consists of two main segments: support and solutions. The solutions segment includes learning management systems (LMSs), enterprise resource planning (ERP), adaptive learning software (ALS), content management systems (CMS), and other solutions. The support segment encompasses education apps, digital educational publishing, learning analytics, and others. The implementation of such software is expected to streamline information collection and record maintenance processes within Vietnam’s higher education sector. For instance, Genius Education Management, a web and mobile program, was specifically designed to manage daily operations for schools, colleges, and universities in Vietnam. This cloud-based ERP solution offers a mobile application for teachers, students, and parents to access real-time updates from anywhere. Integrating diverse data from various colleges and universities is a complex task. Utilizing analytics software allows higher educational institutions to seamlessly access and integrate data across multiple systems. It also enables data-driven decisions regarding student performance, leading to improved success rates. The demand for learning analytics and assessment tools in Vietnam is still in its infancy. The shift towards active learning techniques and changes in educational content delivery methods have fueled the need for various higher education software. Additionally, there is a growing preference for cloud-based classroom management systems due to their ease of integration with existing LMS and supporting software like CMS. Global technology vendors offering learning analytics, gamification solutions, assessment tools, and content authoring are expected to expand and capitalize on this opportunity. Adaptive learning technology is gaining popularity in the higher education sector, providing personalized, self-paced learning experiences. The use of adaptive learning analytics helps analyze student data to enhance learning and teaching. Adaptive learning systems customize the learning platform based on individual student needs using adaptive learning analytics data. Government initiatives, such as the National Digital Transformation Program through 2025, aim to expand Vietnam’s ICT industry, which was worth USD 20 billion in 2019, at an annual growth rate of 10% to 15% between 2021 and 2025. These factors are expected to fuel the demand for software in higher education, thereby boosting the growth of the higher education market in Vietnam through the software segment during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

In Vietnam’s Higher Education landscape, continuous learning and professional development are increasingly valued for career progression and personal growth. Secondary school graduates have various options, including universities, colleges, institutes, and vocational training centers, for academic pursuits. Undergraduate and postgraduate degrees, professional certifications, doctoral programs, certificates, and diplomas are available in various fields, from technology to business and beyond. Digital technologies play a significant role, with online learning platforms, virtual classrooms, interactive simulations, augmented reality, and remote learning enabling academic continuity. Youth population, the largest demographic in Vietnam, benefits from educational technology, which enhances practical skills, analytical thinking, leadership capabilities, and creativity. The integration of technology in higher education fosters a more engaging and effective learning experience.

Market Research Overview

In Vietnam’s higher education landscape, continuous learning and professional development are prioritized for young individuals seeking to advance their careers and personal growth. Secondary schooling sets the foundation for university, college, institute, and vocational training, leading to undergraduate and postgraduate degrees, certificates, and diplomas. Academic pursuits span various fields, including arts, economics, engineering, law, science, and more, delivered through on-premises and cloud-based institutions. Vocational training and doctoral programs offer practical skills and research opportunities, while career progression, professional networks, and community advancement are essential benefits. Earning potential and employment prospects are significant motivators, with analytical thinking, leadership capabilities, creativity, and a skilled workforce in high demand. Digital technologies, such as online learning platforms, virtual classrooms, interactive simulations, and augmented reality, are transforming educational opportunities. Content Collaboration, Campus Management, Managed Services, and Professional Services cater to diverse needs. Global educational trends remote learning, academic continuity, and curriculum requirements. The youth population’s educational infrastructure and technological advancements are shaping the future of Vietnam’s higher education market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductSoftwareHardwareEnd-userPrivate CollegesState UniversitiesCommunity CollegesCoursesUndergraduateMastersPhDGeographyAPAC

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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STATION Ai, Japan’s Largest Open Innovation Hub, Celebrates Grand Opening and Holds “IGNITION” Themed Events

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STATION Ai, Japan’s largest open innovation hub, officially launched with a grand opening on October 31 and two-day “IGNITION” event from November 1-2

Now supporting 500 startups and 200 partner companies in Nagoya in Central Japan, the hub aims to drive innovation and revitalize Japan’s economy

NAGOYA, Japan, Nov. 22, 2024 /PRNewswire/ — JETRO and Central Japan Startup Ecosystem Consortium are pleased to announce the opening of STATION Ai, Japan’s largest open innovation hub, which celebrated its grand opening on October 31, followed by a successful two-day inaugural event, “IGNITION,” on November 1-2. Located in Central Japan in Nagoya City, STATION Ai is now officially open and operating as the epicenter of Japan’s startup ecosystem. 

Central Japan’s Startup Ecosystem and its strengths in manufacturing and technology with startups to create open innovation with be further enhanced with the opening of STATION Ai. The hub’s launch in Central Japan is expected to be a significant boost for Japanese startups looking to expand their business in Japan and overseas markets, as well as for global startups looking to expand their business in Japan.

This unique ecosystem provides everything a startup needs – from highly trained workers in many specialized fields to opportunities to conduct feasibility studies with leading companies in various industries including the mobility sector. There are also accelerator programs, financial support systems, innovative university seeds, and collaborative partnerships with ecosystems outside of Japan and also attract a wide range of entrepreneurs to this region.  

Against this backdrop, as Japan’s largest incubation facility, STATION Ai will provide a wide range of support services and resources for startups and facilitates collaborations both globally and in Japan. STATION Ai aims to house 1,000 startups by the end of fiscal year 2029. 

STATION Ai is a central project within Aichi Prefecture’s “Aichi-Startup Strategy,” managed by STATION Ai Co., Ltd., a subsidiary of SoftBank, which was selected as the development and operations partner for the facility. In addition to offices for startups and partner companies, the facility will feature a tech lab, event areas, accommodation facilities, childcare services.

Aichi Governor Hideaki Ohmura opened the ceremony with inspirational remarks, “STATION Ai is a remarkable facility that will pave the way for Aichi Prefecture’s future as Japan and Asia’s largest startup incubation hub. I look forward to the day when the innovations born here will stand shoulder to shoulder with those from Silicon Valley.”

Junichi Miyakawa, SoftBank Corp. President & CEO, commented, “As someone originally from Aichi Prefecture, I find great significance in supporting startups in this region. I sincerely hope that startups emerging from here will lead Japan in the next 10 or 20 years.”

Hirotaka Sahashi, President and CEO of STATION Ai Co., Ltd., outlined STATION Ai’s vision and mission to drive innovation and support startups stating, “We are pleased to open with a significant ecosystem of 500 startups and 200 partner companies. STATION Ai aims to create a hybrid ecosystem that merges existing industries with startups, aspiring to become a hub for open innovation in Asia. We hope to build this valuable place together, where collaborations from around the world will gather.”

The ceremony included a performance reflecting on the “IGNITION” theme, which symbolizes the spark of innovation that STATION Ai aims to ignite.

The two-day “IGNITION” event successfully showcased the dynamic future STATION Ai envisions, attracting a diverse audience of entrepreneurs, investors, and innovators. Attendees experienced a rich program of content, connecting with key players in the innovation landscape.

Key highlights of the “IGNITION” opening event included:

Keynotes and Sessions: Over 20 sessions and startup pitches provided valuable insights.Special Lectures: Nobel Laureate Professor Akira Yoshino and Osamu Suzuki, CEO of Startup Factory, delivered inspiring lectures.Public Broadcasting and Interactive Experiences: The live recording of Tokai TV’s “START UP!!” and hands-on activities engaged attendees of all ages.Facility Tours: Guided tours showcased STATION Ai’s state-of-the-art resources.

Background on Central Japan

Located in the Chubu region, also known as Central Japan – right in the middle of Japan’s main island, Honshu, this region is proud of playing a vital role in the history of Japan’s manufacturing craftsmanship. It was where Toyota first began, and as a tech pioneer, it is now the home to a wide range of sectors such as automobiles, photonics, and aerospace, using advanced, cutting-edge technologies.

Central Japan continues to invite entrepreneurs and capitalists from all corners of the world to facilitate state-of-the-art open innovation by infusing new ideas with local craftsmanship. And as a result, take part in playing a crucial role in paving the path towards the Homeland of Mobility 5.0 –the future of mobility.

About STATION Ai

STATION Ai opened its doors on October 1, 2024, on the south side of Tsuruma Park in Nagoya City. Operated by STATION Ai Co., Ltd., a subsidiary of SoftBank Corp., as a key component of the Aichi-Startup Strategy, it is Japan’s largest incubation facility. It provides a wide range of support services and resources for startups and facilitates collaborations both globally and in Japan. Its site area spans approximately 7,300 square meters and its floor space is 23,600 square meters, with seven above-ground floors. In addition to offices for startups and partner companies, the facility will feature a tech lab, event areas, accommodation facilities, childcare services, seven dining options, and the “Aichi Founders’ Museum,” which will showcase the achievements of entrepreneurs and business leaders with links to Aichi Prefecture. As of October 31, 2024, there are approximately 500 startups and 200 partner companies already affiliated with STATION Ai.

About the Central Japan Startup Ecosystem

In July 2020, Aichi prefecture, Nagoya City and Hamamatsu City in Shizuoka-prefecture became one of the four regional Startup Ecosystem Global Base Cities groups designated nationwide by the Japanese Cabinet Office. 

There are 848 startups in Central Japan, of which 209 are university-launched. An estimated 100.8 billion yen (from 2020 to 2024) of funds have been raised, in addition to accelerator programs, financial support systems, and innovative university seeds. 

Collaborative partnerships with Station F, INSEAD, BLOCK71, Paris &Co, Bpifrance, Venture Café, Plug and Play, Israel Innovation Authority, Tsinghua University, China Medical University, National University of Singapore, the University of Texas at Austin, Stanford University, North Carolina State University, University of Nebraska and the Indian Institute of Technology Hyderabad attract a diverse range of entrepreneurs to the region. 

For more information, please visit https://central-startup.jp/en/ 

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SOURCE JETRO and Central Japan Startup Ecosystem Consortium

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SGS ACHIEVES RECOGNITION AS AN APPROVED LEAF MARQUE CERTIFICATION BODY

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MUMBAI, India, Nov. 22, 2024 /PRNewswire/ — SGS in India is proud to announce that we are approved by LEAF (Linking Environment and Farming) to be a Certification Body (CB) for the prestigious LEAF Marque, an envi­ron­men­tal assur­ance sys­tem recog­nis­ing sus­tain­able farmed products. The LEAF Marque is based on LEAF’s nine Integrated Farm Management (IFM) principles and aims to deliver positive action for climate, nature, economy, and society transforming farming and food at a global level.

As an approved CB, SGS can audit and certify food organizations to be adhering to the LEAF Marque standard and demonstrate that their products come from a farm practising sustainable agriculture and are compliant with the requirements of the LEAF Marque standard.

Key features of LEAF Marque certification:

Integrated Farm Management (IFM): Farms are assessed on their ability to integrate various sustainable practices, such as efficient water usage, wildlife conservation, and soil management.Environmental Protection: Certified farms commit to reducing pesticide use, conserving natural resources, and enhancing biodiversity.Traceability: Products with the LEAF Marque label provide consumers confidence that their food has been produced sustainably.

Achieving the prestigious LEAF Marque certification showcases a food company’s commitment to sustainability and eco-friendly practices, aligning with the values of environmentally conscious consumers.

For customers, this commitment means:

Access to responsibly grown, sustainable foodSupporting ethical and eco-friendly agricultural practicesConfidence in transparent and trustworthy supply chainsA deeper connection to farmers and sustainable farming communities.

For further information, please contact:
Mr. Ghanendra Sharma
Head – GGAP & Organic Services, Business Assurance
T: +91 991 036 86 02

Mr. Neeraj Puri
National Manager – Food and Agriculture, Business Assurance
T: +91 981 502 09 99

ABOUT SGS

We are SGS, the world’s leading testing, inspection and certification company. We are recognized as the world benchmark for sustainability, quality and integrity. Our 99,600 employees operate a network of 2,600 offices and laboratories, working together to enable a better, safer, and more interconnected world.

Logo: https://mma.prnewswire.com/media/2458028/4804528/SGS_New_Logo.jpg

 

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Atyeti Inc. Named One of the Best Places to Work in New Jersey for 2024

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Atyeti Inc., a global technology services provider, has been named one of the Best Places to Work in New Jersey for 2024. This recognition, awarded by Best Companies Group, highlights the company’s dedication to creating a supportive, inclusive, and empowering workplace. It marks the second time Atyeti has received this honor. Award recognizes Atyeti’s commitment to employee well-being, career development, and a positive work culture played a key role in this achievement.

PRINCETON, N.J, Nov. 22, 2024 /PRNewswire-PRWeb/ — Atyeti Inc., a global technology services provider, is excited to announce that it has been recognized as one of the Best Places to Work in New Jersey for 2024. This prestigious accolade, awarded by Best Companies Group, underscores Atyeti’s ongoing dedication to fostering a supportive, inclusive, and empowering workplace culture.

Best Places to Work in New Jersey for 2024 recognition is a testament to the hard work and dedication of our employees, who are at the core of Atyeti’s success. We are committed to creating an environment where every individual is valued, supported, and given the tools to reach their full potential.

“We are incredibly proud and humbled to be named one of the Best Places to Work for second time in New Jersey,” said Prashanth Myadam, President & CEO of Atyeti Inc. “This recognition is a testament to the hard work and dedication of our employees, who are at the core of our success. We are committed to creating an environment where every individual is valued, supported, and given the tools to reach their full potential.”

The Best Places to Work award is based on an extensive evaluation of company practices, policies, and employee feedback, assessing everything from workplace culture to benefits and growth opportunities. Atyeti’s recognition reflects its ongoing efforts to prioritize employee wellness, career development, and community engagement.

Key initiatives that contributed to Atyeti’s recognition include:

Employee Wellness Programs: Comprehensive health and wellness benefits designed to support physical and mental well-being.Professional Development: Continuous learning opportunities, mentorship, and career advancement programs.Inclusive Culture: A commitment to diversity, equity, and inclusion, supported by employee resource groups and initiatives.Community Involvement: Encouraging employees to participate in volunteer and community service projects.

“We believe that a positive and engaged workforce is key to driving innovation and success,” said Kanti Ponnada, Global Head of HR at Atyeti Inc. “This award reinforces our commitment to investing in our people, creating an environment where they can thrive both professionally and personally.”

For more information about Atyeti Inc. and career opportunities, visit https://www.atyeti.com/.

About Atyeti Inc

Atyeti Inc. is a global technology services provider focused on innovation and excellence, Atyeti partners with clients to deliver transformative solutions that drive business success. With the ethos of Exceeding Expectations, Atyeti strives to go above and beyond in every project. In recent years, Atyeti has expanded its capabilities to become a leader in Digital Transformation, with a strong emphasis on Machine Learning, Artificial Intelligence, and Cloud Transformation. Atyeti is proud to be working with world-leading technology companies to help clients navigate the digital age. With a team of 850+ talented technologists globally, Atyeti is at the forefront of developing and deploying cutting-edge innovations to solve complex challenges across a wide range of industries.

Media Contact

Rashmi Sharma, Atyeti Inc., 1 6093563579, rashmi.sharma@atyeti.com, https://www.atyeti.com/.

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SOURCE Atyeti Inc.; Atyeti Inc.

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