(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for Middle East Online Education Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Middle East Online Education Market products.
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The Report Title Middle East Online Education Market has been added by Kenneth Research, provides detailed insights of the market scenario which is further classified on the basis of market size and market volume, along with the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2021-2023.
Middle East Online Education market is expected to expand at a CAGR of 9.8% during the forecast period 2017-2023. The market growth is likely to be driven by the huge government investment and rapid adoption of online education and e-learning by educational institutes and corporate organizations.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
Geographically, online education & e-learning market of Kingdom of Saudi Arabia is holding the largest market share and is expected to garner USD 237.1 Million by 2023. The Kingdom of Saudi Arabia education sector has seen a transition from traditional teacher-centered approach to learner-centered approach. Further, adoption of distance and mobile learning practices is expected to spur the market of online education & e-learning in Kingdom of Saudi Arabia.
UAE is anticipated to hold second position and to grow at a CAGR of 10.3% over the forecast period. UAE online education and e-learning market is expected to experience high growth on the back of increasing government investment to digitize the education sector. Apart from this, the demand for online education & e-learning is rising in UAE on account of heavy adoption and positive student attitude towards e-learning.
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“The Final Report will cover the impact analysis of COVID-19 on this industry.”
Moreover, Oman's online education and e-learning market is anticipated to showcase significant growth over the forecast period. This is mainly because the government of Oman is interested in issues relating to education and computer literacy and is investing heavily in the sector.
In technology type segment, learning management system (LMS) segment is forecasted to grow at highest rate with a CAGR of 10.9% over the forecast period. This can be attributed to increasing application of LMS into corporate organization sector. Various advantages offered by learning management system such as flexibility and scalability to the specification required creates a holistic and dynamic learning environment. Further, various IT companies in the region are adopting LMS to train the employees. These factors are penetrating the market for learning management system in the Middle East region.
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