MarkNtel Advisors, a leading market research firm, has showed its latest study titled "GCC EdTech Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the GCC EdTech Market: 2024-2030
The GCC EdTech Market is estimated to grow at a CAGR of around 8.12% during the forecast period, i.e., 2024-30.
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What are the primary factors driving the growth of the GCC EdTech market?
GCC EdTech Market Driver: Economic Expansion Driving Increased Education Budgets
The GCC economies have witnessed a strong recovery from the slowdown caused by the pandemic and the decline in oil prices. To overcome the challenges, the regional governments introduced unprecedented reforms while emphasizing upon economic diversification and private sector participation. According to the IMF, the GCC nations grew by 7.5% in 2022, as compared to 3.4% in 2021. It is further expected to expand at a pace of 2.9% in 2024. This is attributed to the successful implementation of pandemic mitigation strategies, fiscal stimulus measures, positive business and tourism sentiment driven by mega events (EXPO 2020 Dubai and FIFA World Cup 2022), improving geo-political situation within the GCC in combination with the revival in oil & natural gas prices resulted in a significant increase in the education budgets.
Also, as the global economy remains under pressure with new surprises, the reform momentum established by the GCC nations during the period of low oil prices are expected to increase the education budgets in the upcoming years, further contributing in enhancing the market size during 2024-2030.
GCC EdTech Market Segmentation:
The GCC EdTech market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Education Type
-Study Curriculum-based
--K-12
--Higher Education
---Bachelors
---Masters
---Others (Fellowship, Researchers)
-STEM-based
-Corporates
--Business Management-based
---Accounting & Finance
---Digital Marketing & Advertising
---Human Resource Management
---Foreign Trade
---Retailing
---Others
-Others
--Language Learning
--Arts & Craft
--Social-Emotional Learning
--Others
- Higher Education segment under Study Curriculum-based education type held a dominant share in the GCC Edtech Market over the historical years.
By Platform Type
-Pre-Recorded Online Course Platform
-Real Time Education Delivery Platforms
By Language of Delivery
-English
-Arabic
-Others
Geographical Analysis into the GCC EdTech Market:
- The UAE
- Saudi Arabia
- Qatar
- Oman
- Bahrain
- Kuwait
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Competitive Landscape and GCC EdTech Market Share Analysis:
The competitive landscape of the GCC EdTech market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
Abwaab, Noon Academy, Al-Mentor, Orcas, Ostaz, Al-Gooru, Baims, Al-Academia, Zedny, Others
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Questions Addressed in this Study
- What factors are driving the GCC EdTech Market growth?
- How is the GCC EdTech Market expected to grow over the next five years?
- What are the key insights into the current trends in the GCC EdTech Market?
- What is the current size of the GCC EdTech Market, and how is it projected to change in the future?
- What is the future outlook for the GCC EdTech Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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