Middle East Education Market - Forecast(2023 - 2028)
Middle East Education Market Overview
Middle East Education Market
size is estimated to reach $175 billion by 2027 at a CAGR of 8.5% during the
forecast period 2022-2027. The K-12 sector is becoming a hotspot for
international investments and providers, as the segment booms and the
policy landscape becomes more favorable for outside involvement. But
international education companies should forge partnerships locally in order to
successfully establish themselves in the market by utilizing enhanced learning management systems, adaptive learning platforms and collaborative learning. Players in the market are
focusing on involving students in topics that are significant to all age
groups. It gives access to download and distribute curriculum-based
material for free. The term K-12 is often used as a kind of shorthand to
collectively refer to the entirety of primary and secondary education. The
K-12 system of education is about ensuring basic elementary school education to
students from kindergarten to the 12th grade. Further the advances in education technology and improved access to quality education, video-based content and smart
learning are some of the factors driving the Middle East Education industry.
The number of education start-ups is now increasing at an exponential rate. It
has been estimated that around 37% of education start-ups are working on
expanding K-12 online education or the home-schooling market.
Report Coverage
The report: “Middle
East Education Market Report– Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Middle East
Education Industry.
By Grade: Kindergarten, Elementary (1-5), Middle School (6-8), High school (9-12), College and Others.
By Method: Blended/instructor-led training, Computer/web-based training, Textbooks/self-study material, Video/audio recording, Simulation-based training and others.
By Model/Platform: Gamification, Big Data & Analytics, Learning Management System / Virtual Learning Environments, Other complex Models.
By Discipline: Mathematics, Science, Social Studies, World languages, Engineering, Finance and Accounting, Medical, Arts, Music and Sociology and Others.
By End-user: Ed-tech companies, Educational institutions, Online courses and others.
By Region: Saudi Arabia, UAE, Bahrain, Qatar, Israel, Iraq, Iran and Others.
Key Takeaways
- VLE is an
educational technology that acts as a web-based platform for the digital
features of courses of study, generally within educational institutions. It allows participants to be organized into cohorts, groups and roles.
Present resources, activities and interactions within a course structure
- Improvement
of innovative adaptive technological functions like video-based content, customization
and collaborative learning to fulfill the desires of numerous educational
establishments is creating a large impact on the education market,
especially the K-12 Education market
- Online
courses globally have grown significantly over a period of time and also
have a prominent opportunity for national and foreign providers, along
with distance education and e-learning have also grown at a faster rate.
- Advances in
Education platforms with their powerful feedback loops are used in blended
learning environments for greater personalization. It allows them to track their own learning so that they can grow valuable self-monitoring skills and engage in their
personal learning progress.
Middle East Education Market Value Share, by School, 2021 (%)
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Middle East Education Market Segment Analysis - by Model/Platform
The Big Data & Analytics
segment of the Middle East Education market size is growing at the highest CAGR of 24.5%
during the forecast period 2022-2027. K Adaptive learning is intended to
catalyze the transformation of education training policy and practice closer to
customized, learner-centered experiences through competency-based, combined and
online learning. Advances in Education systems and platforms with their
powerful feedback loops are used in blending learning environments for greater
personalization. The ability of students to track their own learning helps
them in developing valuable self-monitoring skills and engage in their personal
learning process. There is an augmented demand for analytics in the reporting
and assessment sector. Owing to the increase in data, the concept of analytics
embedded with Education has gained traction in the education as well as the
corporate training sector. In view of the numerous benefits of K-12 English along with its
increased applicability and easy integration with the existing systems, governments
across various countries are taking strategic initiatives to mainstream the
concept of K-12 English in the educational system. Due to the growth in computer processing power and memory
capacity, all companies incorporate big data analytics to facilitate their
business activities is driving the market growth during the forecast period. Adaptive
software masking deeper limitations owing to the speed and apparent efficacy is
growing demand for the adaptive learning platform. K-12 English tools have been projected to
rise in recent years and technology companies are striving to make the tools
highly user-friendly and comprehensive.
Middle East Education Market Segment Analysis - by End-user
Online courses accounted for the fastest growth at 11.5% CAGR through 2027 of the Middle East Market size. Due to the very high competition in this space, to sustain in the market the course providers are coming up with innovative teaching methodologies, which are going to improve the quality of teaching and learning thereby bringing out the potential outcomes. Online courses are followed by private education, as the ed-tech training industry has seen extraordinary funding in ed-Tech over the last years. Middle East education market is driven by the adoption of adaptive learning platform programs and Learning Management systems in schools and colleges, personalization of the learning process through collaborative learning, an increase in government initiatives for education and bring-your-own-device initiatives. The ability of ed-tech companies to increase the penetration of e-learning tools within the education ecosystem has to lead to the growth of this market segment.
Middle East Education Market Segment Analysis - by Country
UAE is projected to grow at a fast rate through 2027 at a 10.2% CAGR. According to the UAE Ministry of Education, this region consists of around 2200 schools in 2021. It is mandatory to have education up to 9th grade. Smart learning programs have been implemented in UAE government schools. Textbooks have started being replaced by tablets and computers from grade 7. There is a technology “Study Live” used by K-12 students and this can be helpful in communicating with teachers, students and parents. UAE also adopted using ICT in blended learning for language courses, especially for English. Utilizing these technologies, some schools are also incorporating e-learning environments in traditional classrooms. An increase in the use of mobile technology such as iPad technology in education in K-12 schools boosts the demand of the adaptive learning market.
Middle East Education Market Drivers
Increasing investment to improve the educational
outcomes of students
The
demand for Middle East Education is led by schools moving to a learning
atmosphere from the conventional blackboard approach to integration with smart
technologies. A wide variety of programs, resources and services aimed at
improving student academic outcomes are covered in the learning trend. STEM
training demand has been boosted by increased career possibilities in the areas
of science, technology, engineering and mathematics. Students who have
successfully obtained a high degree of competition are qualified to join higher
schools. This makes parents, students and different partners in schools around
the world more focused on STEM basic education. From
the investment point of view, the Middle East education industry sees an increasing trend
of VC/PE investment value and volume, while M&A deal volume and value also
reached record levels. M&A deals in the Middle East education industry indicate two
major trends: first, M&A deals are launched by industry peers to improve their
business ecosystem; second, listed companies seek to diversify their businesses
through cross-industry acquisitions. In the academic year 2021, there were
approximately 333,000 students enrolled in Dubai and approximately 262,000
enrolled in Abu Dhabi, with private enrolment dominant in both cities
Emergence
and integration of technologies are driving the growth of the Middle East
Education market:
The introduction of
technology in education enables schools and universities to deliver creative
solutions, such as e-books, Augmented Reality (AR)/Virtual Reality (VR)
interactive content and recognized university-approved online courses are
expected to drive the growth of the Middle East Education market size. Growth
in the adoption of education technology (EdTech) tools in both the academic and
non-academic sectors and increased acceptance of EdTech solutions and
offerings in major higher schools and educational organizations are gradually
moving their focus from the legacy EdTech education system to online EdTech
solutions. AI incorporation in schools in order to automate tasks, such as
grading subjects and providing input, is expected to propel the k-12 education
market size. Further AI focuses on the creation of intelligent machines that
can perform functions like speech recognition, learning and problem-solving.
In the US education sector, AI is increasingly used to enhance student
learning; intelligent interactive programs using various technologies such as
machine learning, natural language processing and deep learning help in the overall learning of students
The UAE
allocated $2.5 billion towards education in the federal budget approved by the
cabinet in 2021, with the aim of providing quality education services and
enhancing a knowledge-based economy
Middle East Education Market Challenge
COVID-19
crisis is an unprecedented challenge that has exposed many of the difficulties
in delivering quality eLearning In the Middle East Education Market hampering the
growth of the market:
The COVID-19 crisis is an
unprecedented challenge that has exposed many of the difficulties in delivering
quality eLearning, at scale, to students across the country. While some school
districts had all the pieces in place to instantly flip to virtual education
delivery, many did not. With countries shutting schools down in 2020 Q1, a lack
of technology resources and preparedness resulted in sub-optimal learning for
students. Further, the magnitude and complexity of this crisis cannot be
understated regarding the speed and scale at which it impacted Middle East
Education. Moreover, contingency planning for an overnight shift to 100% digital
learning would not have been a judicious investment of time and resources given
other challenges schools were facing. Most countries in the Middle East
do not have a one-to-one technology strategy that provides all students,
kindergarten through 12th grade, with a computer that travels home with the
student. Many schools were able to overcome the incredible logistical issues
and remedied this situation when the crisis began by acquiring new equipment
and/or delivering the equipment that had traditionally been maintained in
classroom technology carts to students' homes. Hence these factors affect the Middle
East Education Market share.
Even before
COVID-19, there was already high growth and adoption in education technology,
with global ed-tech investments reaching US$18.66 billion in 2019 and the
overall market for online education projected to reach $350 Billion by 2025
with the Middle East being one of the late adopters of ed-tech solutions.
Middle East Education Industry Outlook
Technology
launches, acquisitions, Partnerships and R&D activities are key strategies
adopted by players in the Middle East Education Market. In 2021, the
market of the Middle East Education industry outlook has been fragmented by
several companies. The top 10 companies in the Middle East Education industry are:
- McGraw-Hill Education
- Pearson Education Inc.
- Byju’s
- Gems Education
- HCT
- SABIS
- Taaleem
- Amity Education Group
- Noon Academy
- Zedny
Recent Developments
- In June 2022, leading education group Taaleem Holdings PSC has taken on a strategic acquisition in the education sector in the UAE, acquiring the Jebel Ali School.
- In June 2021, the education and publishing giant McGraw Hill was acquired by a private equity firm, Platinum Equity which has a deep stake in a diverse array of industries, in a deal valued around $4.5 billion.
- In January 2020, United Arab Emirates-based GEMS Education has expanded into Saudi Arabia by buying Ma’arif Education Group, the largest private school owner and operator in the kingdom, through a joint venture with Hassana Investment.
Relevant Report Titles:
Report Code: ITR 52148
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