In a recent published report, Kenneth Research has updated the market report for Middle-East Online Education (e-learning) Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Middle-East Online Education (e-learning) Market products.
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The Report Title Middle-East Online Education Market has been added by Kenneth Research, provides detailed insights of the market scenario which is further classified on the basis of market size and market volume, along with the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2021-2023.
Online Education (e-learning) market is one of the growing markets across the region of the Middle-East. There has been a significant rise in private schools, colleges, universities and corporate sectors in Middle-East countries. Further, government authorities of Middle-East countries introduce new and effective education mandate to digitize the textbooks of the entire academic sector for the advancement of the education system across the region.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
Market size and forecast
The Online Education (e-learning) market is expected to expand at a CAGR of 15.2% during the forecast period 2016-2023. The online education/e-learning market is expected to reach USD 558.3 Million by the end of 2016 from USD 379 Million in 2011. The UAE is expected to showcase lucrative growth in the online education/e-learning market in the forecast period 2016-2023 due to the presence of a large number of private schools i.e. 65% in the region of the Middle-East which will further expected to adopt more online education/e-learning services.
The online education/e-learning market of Saudi Arabia is expected to show rapid growth due to governmental initiatives in the education sector to improve the quality of education by adopting online education/e-learning. The education government of Saudi Arabia announced the budget of the education sector with an increment of 13% USD 36.7 Billion which will further expected to show an exponential growth of the online education/e-learning market over the forecast period 2016-2023.
Rise in the economy of the Middle-East region due to huge investments in the expansion of corporate sectors will make easy to spread the culture of each corporate organization through e-learning programs and training. Promotion of digitization of learning and training by providing electronic gadgets to the population by the government authorities is taking the Middle-East region a step ahead in the sector of online education/e-learning.
Due to emerging multiple sectors across the Middle-East region indicates a huge market for suppliers and open the doors for new players to jump into the market of Middle-East online education/e-learning sector. Additionally, massive support from the government authorities in the education sector, rapid pace in modern infrastructure and adoption of high-end technology is expected to expand the online education/e-learning market in the Middle-East region.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
However, insufficient security and ethical measures are expected to be a major burden for the key players to overcome these issues in the Middle-East online education/e-learning sector. Rising awareness towards distance learning with effective online-based technology which is convenient for the students is expected to drive the online education/e-learning market over the forecast period 2016-2023.
Leading Companies of Global Market:
Aptara, Educomp, Princeton Review, Tata Interactive Systems, Saba Software, Docebo, Desire2learn, Articulate, and Other Key Players
Table of Content:
- Executive Summary
- Research Methodology
- Global Market Size (USD Million) and Forecast
- Market Dynamics & Its Impact Analysis
- Global Market Segmentation Analysis
- Porter’s Five Force Model Analysis
- Competitive Landscape
- Company Overview
- Financial Performance
- Key Products
- Business Strategy
- Recent Developments
- SWOT Analysis
Key Answers Captured in Report?
- Which geography would have better demand for products/services?
- What are the strategies adopted by big players in the regional market?
- Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
- What is the current & expected market size in the next five years?
- What is the market feasibility for long term investment?
- What opportunity the country would offer for existing and new players in the market?
- What is the risk involved for suppliers in the geography?
- What factors would drive the demand for the product/service in the near future?
- What is the impact analysis of various factors in market growth?
Growth Drivers and challenges
Rapid growth in modern infrastructures including education and corporate sectors with pre-installed high-end technology. This leads to adopting online education/e-learning to enhance the growth of education and the corporate sector which will further expected to spur the demand for online education/e-learning technology and services over the forecast period 2016-2023. Moreover, online education/e-learning services providing by the players with the advanced technology of graphics and simulation which make it easy to understand the concepts which will further expected to raise the growth for the online education/e-learning market across the region of Middle-East.
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Introduction of new and effective mandates for the digitization of textbooks in the academic sector and promotion of e-learning by providing tablets and laptops to the students of schools, colleges and universities are expected to expand the market of online education/e-learning across the countries of Middle-East during the forecast period 2016-2023. Moreover, online education/e-learning is anticipated to enhance the training and development programs to increase the employee productivity and growth of the corporate sector is expected to opt the online education/e-learning services by corporate sector which will further expected to enforce the demand of online education/e-learning across the Middle-East region.
Rising smartphone and tablet users including the tech-savvy population are expected to adopt the online education/e-learning services in order to learn easily with simulation and graphics which will further expected to expand online education/e-learning significantly over the forecast period 2016-2023.
However, due to lack of security in the online education/e-learning sector leads to loss of confidential data and international security threats due to unethical means is expected to be a major restraint for the online education/e-learning market. Implementation of highly developed IT infrastructure to provide better services due to rising demand for online education/e-learning is expected to be a huge challenge and major burden for the providers which will further expected to hinder the growth of online education/e-learning market during the forecast period 2016-2023.
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