Preschool education is one of the most sought-after investments due to the purpose it plays in redefining the extent that we look at the world and society.
The global child care market reached a value of nearly $339.1 billion in 2018, having increased at a compound annual growth rate (CAGR) of 8.3% ever since 2014, and it is anticipated to expand at a CAGR of 11.3% to approximately $520.4 billion by the year 2022. Increase in the historic time resulted from economic growth in emerging markets, the rise in the knowledge of the benefits of early learning, government funding and subsidies in developed nations towards child care costs and an increase in the number of families with both parents working. Circumstances that negatively affected growth in the historical period were raised unemployment rates and falling fertility rates.(https://www.thebusinessresearchcompany.com/report/child-care-market)
As the world advances into the 21st century, many countries have been allotting a notable amount of their Gross Domestic Product (GDP) to the expansion and reinforcement of more high-grade preschool education systems, and The Umonics Method aims to be part of that. They plan to launch in Singapore, Indonesia and Malaysia by the end of 2020 before focusing on the rest of the world.
Singapore is internationally known for its outstanding dedication to the educational sector. The Singaporean government employs to support their excellent educational progress by providing a heavy figure of their overall national budget to education.
The Early Childhood Development Agency caters to preschool education by improving the standards delivered to preschool faculties, curriculum, institutional settings. This is where The Umonics Method decided to set up base.
During recent years, Indonesia has produced a good record of education components and structure. Indonesia has the 4th largest education system in the world. “We have a lot of students flying in from Indonesia to our campus in Singapore,” said Sancy Suraj, the founder of the Umonics Method. We are about an hour and a half flight time from Jakarta. We have parents that will fly down with their kid on the weekends and then fly back just to attend our program. So the most logical step is to set up a training campus there,” Sancy added.
Malaysia currently has issues preschool program. There are many complaints from primary school teachers that young children are being pushed through preschool without firm foundations in basic reading, writing and comprehension.
Despite the Malaysia’s government’s commendable efforts to raise the standard of early childhood education, the number of children who struggle to attain age-specific learning benchmarks keeps growing. “The issues are with standardisation, quality curriculum and teachers. We are hoping to inculcate our curriculum from Singapore there. It is going to take some time, although Singapore and Malaysia are neighbors, there is some distinction such as English being the first language in Singapore and Malay the first language in Malaysia. This requires some contextualisation to our curriculum.” says Sancy.
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