The Middle East education market is estimated to garner a significant amount of revenue by growing at a modest CAGR over the forecast period, i.e., 2021 – 2029. The growth of the market can be attributed to the increasing government expenditure on education, growing requirement of improved higher education options and adoption of several educational promotional schemes in the region. Intensifying demand for improving the quality of education is also estimated to drive market growth. In addition to this, growing technological advancements in the educational methodology is anticipated to offer lucrative opportunities for market growth in the near future.
The market is segmented by type into pre-primary, primary, secondary, tertiary, and university level, out of which, the primary education segment is anticipated to hold a notable share in the Middle East education. This can be credited to the large number of students enrolled for primary education in the region. In the United Arab Emirates, the total number of students enrolled in primary schooling for the batch 2017-2018 were estimated to be more than 446,000. However, the total number of high school students was much less in the same year, totaling to approximately 153,000. Another important growth driver for this segment is the fact that most of the countries in the Middle East have made secondary and primary education compulsory and free for both boys and girls. Additionally, on the basis of sector, the private segment is estimated to witness a notable growth rate during the forecast period owing to the growing student strength of private schools in the region as a result of more diverse curriculum offered by these institutions than those in the public sector.
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On the basis of geographical analysis, the Middle East education market is segmented into Israel, the Gulf Cooperation Council (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar and Oman), and rest of the Middle East. The market in the Israel region witnessed noteworthy growth in the last five years and is anticipated to continue this trend over the forecast period on the back of world class system for higher education, wide adoption of innovative techniques for teaching growing number of foreign students in the country. However, the GCC region is assessed to acquire a larger share in the market, majorly in Saudi Arabia as the government in this nation spends the largest amount on education as compared to other GCC countries. Saudi Arabian government allocated almost USD 4.2 billion for education in 2020. In addition to this, Qatar is also evaluated to have a futuristic education market in the Middle East accounting to the improved course curriculum and growing emphasis on private education.
Our in-depth analysis of the Middle East education market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Rising government expenditure for education and growing requirement of higher education options are major growth drivers for the market.
The market is anticipated to attain a modest CAGR over the forecast period, i.e., 2021 – 2029.
Lack of skilled teachers is estimated to hamper the market growth.
The major players in the market are TALEEM, Pearson plc, IDP Education Limited, Knowledge Hub, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by sector, mode of education, type, and by region.
The primary segment is anticipated to hold largest market size in value and is estimated to grow at a robust CAGR over the forecast period and display significant growth opportunities.
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