The “GCC EdTech Market Research Report: By Education Type (Study Curriculum-based [K-12, Higher Education], STEM-based, Corporates [Business Management-based], Others [Language Learning, Arts &Crafts, Social-Emotional Learning, Others]), By Platform Type (Pre-Recorded Online Course Platform, Real Time Education Delivery Platforms), By Language of Delivery (English, Arabic) and others Forecast (2024-2030)”, Report offered by Markntel Advisors.
According to the report, the GCC EdTech Market is estimated to grow at a CAGR of around 8.12% during the forecast period, i.e., 2024-30. The industry growth is further driven by substantial investments in education infrastructure, digital transformation, and ICT (Information and Communication Technology) integration. Government initiatives such as smart learning Programs, digital classrooms, and e-learning platforms are driving the adoption of technology-enabled education across schools, universities, and vocational institutions.
Study Curriculum-based Education Segment Lead Industry with Potential Shares Over Historical Years
Based on education type, the study curriculum-based segment gained momentum in the GCC Edtech industry. The industry growth is further driven by increasingly embracing digital technologies to enhance teaching & learning experiences. Moreover, government collaborations with universities, industry stakeholders, and international organizations further encourage partnership, knowledge sharing, and technology transfer in the higher education sector in the coming years.
Pre-recorded Online Course Platform to Gain Traction in Upcoming years
Pre-Recorded Online Course Platform type is expected to hold a significant share in the GCC Edtech Market in forthcoming years, owing to the convenience & flexibility offered by these platforms. These platforms eliminate the constraints of following specified timetables and geographical limitations. As a result, the learning via these platforms becomes more convenient for the consumers & learners.
Saudi Arabia Region Held the Largest Shares in GCC Edtech Industry
The supremacy of the region is attributed to the gradual integration of emerging technologies, such as AI & ML in schools, colleges, and other educational institutions in the country. Also, EdTech platforms in Saudi Arabia offer a wide range of digital learning solutions, including learning management systems (LMS), interactive educational content, virtual classrooms, and online assessment tools.
Key Attributes
- Historical Data: 2019-22
- Base Year: 2023
- Forecast Period: 2024-30
- Compound Annual Growth Rate: 8.12%
- Regions Covered: GCC
Market Dynamics:
Drivers
- Growing government initiatives such as smart learning programs, digital classrooms, and e-learning platforms
- Expansion of soft skills is the application of social and emotional learning
- Rising number of young population
- Increasing internet and smartphone penetration
- Growing need for high-quality education
- Expanding economic growth by increasing education budget
- Growing adoption of artificial intelligence-based tools
- Inclination towards personalized learning
Challenges
- Navigating the Transition to New Educational Models
Key Market Players and Recent Updates: Strengthening the Industry Growth
Highlighting the recent update that demonstrates the further growth and market expansion:
- Baims in 2024 has acquired the Egyptian live learning platform Orcas Tutoring to boost the USD 100 billion education market in the MENA region.
Additionally, to strengthen their market position, certain market players such as Abwaab, Noon Academy, Al-Mentor, Orcas, Ostaz, Al-Gooru, Baims, Al-Academia, Zedny, and Others, are operating, not only to raise revenue but also to seek comprehensive attention and popularity from large customers. Therefore, looking forward to futuristic growth and betterment.
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