Online Education

GCC

Highlights

Revenue in the Online Education market is projected to reach US$256.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.60%, resulting in a projected market volume of US$353.20m by 2029.
The Online Learning Platform market has a projected market volume of US$148.90m in 2024.
In global comparison, most revenue will be generated United States (US$87.51bn in 2024).
The average revenue per user (ARPU) in the Online Education market is projected to amount to US$54.95 in 2024.
In the Online Education market, the number of users is expected to amount to 6.2m users by 2029.
User penetration in the Online Education market will be at 12.5% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Online Education market in GCC is witnessing significant growth and development in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this positive trajectory. Customer preferences in the GCC region have shifted towards online education due to several reasons. Firstly, the convenience and flexibility offered by online learning platforms allow individuals to access educational content at their own pace and from the comfort of their homes. This is particularly appealing to busy professionals and individuals with other commitments. Secondly, the wide range of courses and programs available online cater to diverse interests and educational needs, making it an attractive option for learners of all ages and backgrounds. Lastly, the increasing emphasis on lifelong learning and skill development in the job market has led to a growing demand for online education as a means to acquire new knowledge and enhance career prospects. Trends in the market reflect the increasing popularity of online education in the GCC region. Online education platforms are expanding their course offerings to include a variety of subjects, ranging from academic subjects to professional certifications and vocational training. This diversification of content is aimed at catering to the diverse educational needs and interests of learners in the region. Additionally, online education providers are adopting innovative technologies such as virtual reality and artificial intelligence to enhance the learning experience and make it more interactive and engaging. These advancements are further driving the growth of the online education market in the GCC. Local special circumstances in the GCC region also contribute to the development of the online education market. The region has a young and tech-savvy population that is increasingly embracing digital technologies and online platforms. This demographic factor, combined with the high internet penetration rate in the region, creates a conducive environment for the adoption of online education. Furthermore, the GCC countries have made significant investments in their education systems in recent years, with a focus on improving the quality of education and developing a knowledge-based economy. Online education is seen as a key enabler of these goals, leading to increased support and investment in the sector. Underlying macroeconomic factors also play a role in the growth of the online education market in the GCC. The region's economies are diversifying away from oil dependence and transitioning towards knowledge-based industries. This shift requires a highly skilled workforce, which can be developed through online education. Additionally, the COVID-19 pandemic has accelerated the adoption of online education as schools and universities were forced to close and learners had to rely on remote learning. This sudden shift to online education has created a new normal in the education landscape, with increased acceptance and demand for digital learning solutions. In conclusion, the Online Education market in GCC is experiencing significant growth and development due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The convenience and flexibility of online education, coupled with the increasing emphasis on lifelong learning and skill development, have led to a shift in customer preferences towards online learning. This, in turn, has resulted in the expansion of course offerings and the adoption of innovative technologies by online education providers. The young and tech-savvy population, high internet penetration rate, and investments in education systems in the GCC region create a conducive environment for the growth of online education. Additionally, the region's transition towards knowledge-based economies and the impact of the COVID-19 pandemic have further fueled the demand for online education.

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.