Saudi Arabia E-learning Market Soars: Ken Research Report Unlocks Growth Drivers and Key Players: Ken Research
GURUGRAM, India, Feb. 20, 2024 /PRNewswire/ -- The Kingdom of Saudi Arabia's e-learning market is experiencing a surge, fueled by government initiatives, rising internet penetration, and a growing tech-savvy population. Ken Research's latest report, KSA E-learning Market Outlook to 2027: Driven by Government Vision 2030 and Growing Mobile Learning Adoption, delves into this dynamic market, offering valuable insights for investors, educators, and technology providers.
Market Overview:
The Saudi Arabian e-learning market is projected to witness a remarkable 24.4% CAGR during the 2022-2027 period, driven by several key factors:
- Vision 2030 Focus: The Kingdom's ambitious Vision 2030 roadmap prioritizes digital transformation and human capital development, propelling e-learning adoption.
- Expanding Internet Access: Growing internet penetration and smartphone usage fuel the accessibility and convenience of online learning platforms.
- Tech-Savvy Population: A young and tech-savvy population embraces e-learning for its flexibility, personalized learning experiences, and affordability.
- Corporate Training Demand: Businesses increasingly recognize the value of e-learning for employee training and development, boosting market demand.
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Segmentation Snapshot:
Ken Research segments the Saudi Arabian e-learning market based on:
- Learning platform type: MOOCs, LMS, corporate e-learning platforms, mobile learning apps
- Content type: K-12 education, higher education, professional development, vocational training
- Delivery mode: Synchronous (live online), asynchronous (pre-recorded content)
Competitive Landscape:
The market features a mix of international and local players, including:
- International players: Blackboard, Coursera, Edmodo, Udacity
- Regional players: Bayt.com, Talabat, Noon Academy
- Local players: Dar Al-Manarah, Elm, Hona Academy, Mawqaa
Future Outlook:
The future of the Saudi Arabian e-learning market is bright, with promising opportunities in:
- Artificial intelligence (AI) integration: Personalized learning experiences, adaptive learning paths, and intelligent tutoring systems.
- Augmented reality (AR) and virtual reality (VR): Immersive learning experiences and gamified learning approaches.
- Micro learning and bite-sized content: Catering to short attention spans and busy schedules.
- Focus on Arabic content: Development of localized e-learning content in Arabic to cater to the regional audience.
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Challenges to Address:
However, certain challenges persist:
- Lack of digital literacy: Bridging the digital divide and improving digital literacy skills are crucial for wider adoption.
- Data privacy concerns: Addressing data security and privacy concerns is essential for building trust and user confidence.
- Quality assurance and standardization: Ensuring quality content and establishing clear standards for e-learning platforms are key.
Why This Report Matters:
This report empowers:
- Investors: Identify lucrative investment opportunities in the Saudi Arabian e-learning market.
- Educators: Explore innovative e-learning solutions to enhance teaching and learning outcomes.
- Technology providers: Develop and offer cutting-edge e-learning solutions tailored to the needs of the Saudi market.
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Taxonomy
KSA E-Learning Market Segmentation
KSA E-Learning
- Revenue
- Subscribers
- Course
KSA Pre K-12 and K-12 E-Learning
- Revenue
- Subscribers
- Type of Customers
- Level of Grade
KSA Post K-12 E-Learning
- Revenue
- Subscribers
- Type
KSA Language & Casual E-Learning
- Revenue
- Subscribers
- Type
- Language
KSA Learning Management System (LMS)
- Language
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According to Ken Research estimates, the Global E-learning market is forecasted to grow at a robust CAGR by 2027. The global e-learning market is estimated to cross the value of USD 500 Bn by 2027. The Global E-learning market has recorded a robust growth over the last few years, offering exciting opportunities for online retailers across various sectors.
The Adoption rate of LMS has been increased due to the sudden shut down of schools, Colleges, and Universities during the period of COVID-19. It is found that by using technology in learning, students can express their ideas effectively that improves the overall academic performance of students. Virtual Classrooms, creating curriculums, homework, and tests Online were initially difficult to adopt for teachers, students and parents too as the Teachers were not trained enough to conduct online classes.
The Saudi Arabia E-Learning market was observed to grow with a stable growth pattern in the review period 2015-2020P. Factors such as surging internet users, technological advancement in E-learning, increasing Smartphone penetration, Surge in number of distance learning users and others have helped the e-learning industry to grow in Saudi Arabia in terms of revenue.
Vietnam Corporate training Market will expand at a CAGR of 7.6% between 2022 and 2028 owing to the rising middle class and online used car platforms Vietnam Corporate Training Market will see a shift towards Virtual Classroom Room Training and higher emphasis on Digital Skills Technology like Augmented & Virtual Reality and the recently developed Metaverse has the potential of completely redefining learning.
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