MarkNtel Advisors has recently published a research report that delves into the GCC EdTech Market Research Report: Forecast (2024-2030). This report aims to improve user comprehension and facilitate informed decision-making by thoroughly examining significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges. Utilizing both qualitative and quantitative data, the report provides a comprehensive overview, offering detailed growth prospects and succinct insights into competitors to familiarize both established businesses and newcomers with the current market scenario.
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GCC EdTech Market Insight and Analysis:
The GCC EdTech Market is estimated to grow at a CAGR of around 8.12% during the forecast period, i.e., 2024-30.
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 Industry Segmentation:
-By Education Type
-Study Curriculum-based – Market Size & Forecast 2019-2030, USD Million
-K-12 – Market Size & Forecast 2019-2030, USD Million
-Higher Education- Market Size & Forecast 2019-2030, USD Million
-Bachelors- Market Size & Forecast 2019-2030, USD Million
-Masters – Market Size & Forecast 2019-2030, USD Million
-Others (Fellowship, Researchers) – Market Size & Forecast 2019-2030, USD Million
-STEM-based- Market Size & Forecast 2019-2030, USD Million
-Corporates- Market Size & Forecast 2019-2030, USD Million
-Business Management-based- Market Size & Forecast 2019-2030, USD Million
-Accounting & Finance – Market Size & Forecast 2019-2030, USD Million
-Digital Marketing & Advertising – Market Size & Forecast 2019-2030, USD Million
-Human Resource Management – Market Size & Forecast 2019-2030, USD Million
-Foreign Trade- Market Size & Forecast 2019-2030, USD Million
-Retailing – Market Size & Forecast 2019-2030, USD Million
-Others – Market Size & Forecast 2019-2030, USD Million
-Others
-Language Learning – Market Size & Forecast 2019-2030, USD Million
-Arts & Craft – Market Size & Forecast 2019-2030, USD Million
-Social-Emotional Learning- Market Size & Forecast 2019-2030, USD Million
-Others- Market Size & Forecast 2019-2030, USD Million
-By Platform Type
-Pre-Recorded Online Course Platform- Market Size & Forecast 2019-2030, USD Million
-Real Time Education Delivery Platforms- Market Size & Forecast 2019-2030, USD Million
-By Language of Delivery
-English – Market Size & Forecast 2019-2030, USD Million
-Arabic – Market Size & Forecast 2019-2030, USD Million
-Others- Market Size & Forecast 2019-2030, USD Million
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Geographically Analysis:
-By Country
-The UAE
-Saudi Arabia
-Qatar
-Oman
-Bahrain
-Kuwait
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company’s profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market players, including Abwaab, Noon Academy, Al-Mentor, Orcas, Ostaz, Al-Gooru, Baims, Al-Academia, Zedny, Others
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