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Saudi Arabia E-Learning Industry is Expected to Reach over USD 430 Million by 2021: Ken Research

Press Release   •   Jan 31, 2018 13:29 IST

Saudi Arabia E-Learning Industry Segmentation by Types of Services (Content Services and Technology Services), by End Users (K-12 Schools, Higher Education Colleges, Corporate and Government Bodies and Others), Saudi Arabia E-Learning Content Services Industry by Product Categories (Multimedia, Open Courseware, Online Tests and Assessments), by Type of Content Format (Video, Audio and Text), Saudi Arabia E-Learning Technology Services by Product Categories (LMS, Smart Classes and Smart Authoring Tools), company profile of major players (Alwaset, New Horizons, Edraak, Integrated Solutions for Business (ISB), Board Middle East (BME), Nafham, Harf Information Technology, Harf Information Technology, Smartway, Rwaq.org, Edutacs, edX, Classera)

January 2018 |Kingdom of Saudi Arabia News

  • The e-learning industry in Saudi Arabia is expanding due to the rising initiatives by the Ministry of Education to improve quality education by providing modern teaching methodologies in the Kingdom.
  • Saudi Arabia e-learning industry has shown an impressive growth rate in 2016 owing to more number of foreign players entering the market and offering innovative technology services to cater the growing demand of the population.
  • Computer and Information Centre (CIC), established by the Ministry of Higher Education (MOHE), provide a range of ICT services to schools and educational centers across the country.

Significant budget allocation to education sector of the country in 2017 is expected to assist in the development of e-learning industry, thus leading to the growth of market players operating in the space. Private players entering the industry by introducing user-friendly online platforms and portals are estimated to serve the growing requirements of customers across various sectors in the Kingdom. The revenues of the industry are also projected to incentivize due to the increasing number of tie-ups between the e-learning service providers and universities. One of the prominent factors which are estimated to stimulate the industry growth over the short term is the anticipation of rapid increase in the number of internet users in the Kingdom. The growing internet penetration in the country is the major source of expanding customer base for the players operating in e-learning industry.

The industry is also expected to drive positively due to increasing adoption of learning management systems by the growing corporate and education sector. The increasing use of advanced content and technology services are also anticipated to benefit the country’s e-learning industry during the long term. Furthermore, the industry is estimated to witness surging revenues due to the 2030 vision of thriving economy, which focuses on educating more people for the development of the nation during the long term. Rising awareness about the distance learning programs of various international universities through online based technology is projected to drive the e-learning industry over long term, due to the growing number of students enrolling to various degree and diploma courses offered by the globally reputed colleges.

Ken Research in its latest study, Saudi Arabia E-learning Market Outlook to 2021 – By Content (Open Courseware, Multimedia, Online Test and Assessments) and Technology Services (LMS, Smart Classes, Smart Authoring Tools) suggests that content services (multimedia, open courseware, online tests and assessments) will dominate the revenues generated by the players operating in the e-learning industry of the Kingdom. However, players will witness rising competition due to adoption of new delivery modes and introduction of advanced technologies for offering better quality education to the Saudi nationals.

Saudi Arabia e-learning Industry is projected to register a positive CAGR of over 16% during the period 2016-2021. Increasing number of internet users, rising government efforts to grow e-learning in Saudi Arabia, adoption of modern technology by the learners, and the growing use of learning management systems by the corporate sector to integrate their process are expected to drive Saudi Arabia e-learning industry in the future.

The report provides information on the overall size of the Kingdom’s e-learning industry, industry segmentation on the basis of types of Services Content Services and Technology Services and end users of e-learning services in Saudi Arabia.

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For more information on the research report, refer to below link:

https://www.kenresearch.com/education-and-recruitment/education/saudi-arabia-online-education-market/142998-99.html

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