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Middle East & Africa E-Learning Market to enjoy the highest forecasted growth of over 16%: Bonafide Research
Jul, 06
2021

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Middle East & Africa E-Learning Market to enjoy the highest forecasted growth of over 16%: Bonafide Research

 

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When thinking of the Middle East, we think about deserts, camels, flowing robes & luxurious fabrics, while Africa brings in images of high crime rate, malnutrition children, water shortage, unemployment, etc. But the true picture differs drastically in the region when we talk about the e-learning industry in the region. The region can be termed as an economic powerhouse with massive latent potential waiting to be utilized. The true economic opportunities can often be overlooked by skewed perception and shadow the fact that the market is to grow over a market growth rate of 16% in the forecasted period. The research report titled Middle East & Africa E-Learning Market Outlook, 2026 by Bonafide Research categorizes the market to forecast the revenues and analyze the trends in each of the following segments: based by Technology, by Provider, by Application, by countries & major companies.
Against the popular conception that the Middle East & Africa is a traditional society and are not much open to innovations, the region is in the pace of change than many of the western counterparts in terms of economic opportunities in the e-learning industry. This pace of change is much evident in the region, starting with the growing recognition of online education. About 70% of the share is contributed by the online e-learning segment and the virtual classroom. The market growth has been boosted by the birth of universities that have been set up specifically for online education in the last decade. The typical advantages of online education apply to the Middle East as much as anywhere, but flexibility with regard to study time, geographically remote access, and the community of global students may be seen as especially important for students.
It is a well-documented fact that the educational inequalities & poverty in the region are the biggest hurdle in the prevailing education system. To improve the literacy line, the governments have taken making a note into the recommendation, including expanding the base of the e-learning in the region. Coupled with the strict lockdown restrictions due to the Covid outbreak, the academic segment is expected to dominate, with the K-12 sub-segment showing a high anticipated growth of 17.41% CAGR. E-learning has, therefore, become a major force in combating educational inequality as well as a force of economic development. It is believed that institutions of higher learning cannot afford to neglect open and distance-learning formats in order to grow and stay profitable in the current decade.
The Middle East and South African countries are often grouped purely on the grounds of geographical proximity, loose cultural ties, and misconceptions of ethnic and religious commonalities. Nevertheless, the market is not homogenous and it could be a dangerous exaggeration and oversimplification to treat all the countries the same. Saudi Arabia holds the largest share, while the share of South Africa remains less due to the low student enrollment ratio. However, the countries with high income, availability of internet connections, and the affordability of electronic devices are expected to increase in the upcoming period.
The region is investing considerably in innovation and e-learning, being committed to the growth of the economy. In the coming period, the region is expected to provide tremendous opportunities for e-learning developing companies, by supporting them with investments in the newer technologies, sourcing potential buyers, etc. Thus, the region is expected to grow into a strong stakeholder group for e-learning technology. As evident support to the e-learning industry, Hamdan Bin Mohammed e-University, in Dubai, became the first accredited e-learning academic institution by the UAE Ministry of Higher Education and Scientific Research.