E-Learning Market in GCC countries to grow at a CAGR of 10.66% from 2020 to 2025: High demand for skill-based training will drive growth - Technavio
NEW YORK, March 27, 2023 /PRNewswire/ -- The size of the e-learning market in GCC countries is estimated to grow by USD 569.04 million from 2020 to 2025. The growth momentum of the market will accelerate at a CAGR of 10.66% according to Technavio. The growth of the market will be driven by various factors, including the high demand for skill-based training, supportive government policies, and the growing adoption of cloud computing. The importance of skill-based training is increasing among corporates. Hence, employees are investing their time and resources by taking part in technical training and certifications. Methods such as simulation training and blended training are used to increase the effectiveness of training programs. E-learning is also used to train employees in customer relationship management. Moreover, several large companies are entering the GCC, which is increasing workforce diversity. E-learning programs can help companies provide effective communication training, language training, and cross-cultural training to employees. These factors will increase the demand for training based on e-learning. To learn more about the e-learning market in GCC countries, request a sample report.
E-learning market in GCC countries - Key challenges
Availability of substitutes
High development cost associated with e-learning courses
E-learning market in GCC countries ? Segmentation analysis
The market has been segmented by end-user (corporate, k-12 education, and higher education) and geography (Saudi Arabia, UAE, Oman, Kuwait, and Rest of MEA). The corporate segment will account for a significant share of the market growth during the forecast period. Corporates use various support solutions such as learning management systems (LMS), content management systems (CMS), and knowledge management technologies (KMT). The rising demand for microlearning and gamification as well as the advent of mobile learning technologies are contributing to market growth. The rising demand for corporate training and the availability of various e-learning-related training programs are also driving market growth.
E-learning market in GCC countries ? Vendor insights
This report provides information about more than 15 vendors, including Administrate Ltd., Coursera Inc., Docebo Inc., Houghton Mifflin Harcourt Co., John Wiley & Sons Inc., New Horizons Worldwide LLC, Open Text Corp., Pearson Plc, and The Rapid Results College Ltd., and XpertLearning.
The growing competition in the market is compelling vendors to adopt various organic and inorganic growth strategies to compete in the market. The key offerings of some of the vendors include the following -
Administrate Ltd. - The company offers e-learning courses through an LMS. It also provides online training management solutions to training departments and training companies to increase course bookings, manage their operations, and deliver e-learning.
Coursera Inc. - The company offers a wide range of training courses. It also offers an online learning platform for higher education. The company partners with various universities and industry educators to offer courses, training, specializations, and degrees to students and business professionals.
The Rapid Results College Ltd. - The company offers flexible, interactive online courses. It offers various courses such as health and safety training, environmental training, in-company training, and case studies through various platforms, online/distance learning, blended learning, and publications.
The report on the e-learning market in GCC countries provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.
The US e-learning market is estimated to grow at a CAGR of 16.39% between 2022 and 2027. The size of the market is forecast to increase by USD 48.4 billion. This report extensively covers market segmentation by product (content, technology, and services), end-user (higher education, corporate, and K12), and deployment (on-premise and cloud).
The academic e-learning market is estimated to grow at a CAGR of 17.5% between 2022 and 2027. The size of the market is forecast to increase by USD 147.89 billion. This report extensively covers market segmentation by deployment (on-premises and cloud-based), end-user (higher education and k12), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
E-Learning Market Scope in GCC Countries
Report Coverage
Details
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Accelerate at a CAGR of 10.66%
Market growth 2021-2025
USD 569.04 million
Market structure
Fragmented
YoY growth 2020-2021 (%)
10.09
Regional analysis
Saudi Arabia, UAE, Oman, Kuwait, Rest of MEA
Performing market contribution
Saudi Arabia at 39%
Competitive landscape
Leading vendors, market positioning of vendors, competitive strategies, and industry risks
Key companies profiled
Administrate Ltd., Coursera Inc., Docebo Inc., Houghton Mifflin Harcourt Co., John Wiley & Sons Inc., New Horizons Worldwide LLC, Open Text Corp., Pearson Plc, The Rapid Results College Ltd., and XpertLearning
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 59: John Wiley & Sons Inc. - Business segments
Exhibit 60: John Wiley & Sons Inc. - Key offerings
Exhibit 61: John Wiley & Sons Inc. - Segment focus
10.8 New Horizons Worldwide LLC
Exhibit 62: New Horizons Worldwide LLC - Overview
Exhibit 63: New Horizons Worldwide LLC - Product and service
Exhibit 64: New Horizons Worldwide LLC - Key offerings
10.9 Open Text Corp.
Exhibit 65: Open Text Corp. - Overview
Exhibit 66: Open Text Corp. - Business segments
Exhibit 67: Open Text Corp. - Key news
Exhibit 68: Open Text Corp. - Key offerings
10.10 Pearson Plc
Exhibit 69: Pearson Plc - Overview
Exhibit 70: Pearson Plc - Business segments
Exhibit 71: Pearson Plc - Key news
Exhibit 72: Pearson Plc - Key offerings
Exhibit 73: Pearson Plc - Segment focus
10.11 The Rapid Results College Ltd.
Exhibit 74: The Rapid Results College Ltd. - Overview
Exhibit 75: The Rapid Results College Ltd. - Product and service
Exhibit 76: The Rapid Results College Ltd. - Key offerings
10.12 XpertLearning
Exhibit 77: XpertLearning - Overview
Exhibit 78: XpertLearning - Product and service
Exhibit 79: XpertLearning - Key offerings
11 Appendix
11.1 Scope of the report
11.2 Currency conversion rates for US$
Exhibit 80: Currency conversion rates for US$
11.3 Research methodology
Exhibit 81: Research Methodology
Exhibit 82: Validation techniques employed for market sizing
Exhibit 83: Information sources
11.4 List of abbreviations
Exhibit 84: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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