Online Learning Platforms - GCC

GCC

Highlights

Revenue in the Online Learning Platforms market is projected to reach US$148.90m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.01%, resulting in a projected market volume of US$199.40m by 2029.
In the Online Learning Platforms market, the number of users is expected to amount to 5.7m users by 2029.
User penetration will be 11.5% in 2024 and is expected to hit 14.2% by 2029.
The average revenue per user (ARPU) is expected to amount to US$34.71.
In global comparison, most revenue will be generated China (US$40.60bn in 2024).
With a projected rate of 21.9%, the user penetration in the Online Learning Platforms market is highest China.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Online Learning Platforms market in GCC is witnessing significant growth and development, driven by various factors such as customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Customers in the GCC region are increasingly turning to online learning platforms due to the convenience and flexibility they offer. With busy schedules and limited time, individuals are seeking ways to enhance their skills and knowledge without the constraints of traditional classroom-based learning. Online learning platforms provide the opportunity to learn at one's own pace and from anywhere, making it an attractive option for many.

Trends in the market: One of the major trends in the Online Learning Platforms market in GCC is the increasing demand for professional development courses. With the rapid economic growth in the region, there is a growing need for individuals to upskill and acquire new competencies to meet the demands of the job market. Online learning platforms offer a wide range of professional courses that cater to the specific needs of professionals in various industries. Another trend in the market is the rising popularity of language learning courses. The GCC region is home to a diverse population with different nationalities and languages. Many individuals are interested in learning new languages, either for personal or professional reasons. Online learning platforms provide a convenient and effective way to learn languages, with interactive lessons and personalized learning experiences.

Local special circumstances: The GCC region has a high smartphone penetration rate, with a large percentage of the population owning smartphones. This widespread access to mobile devices has contributed to the growth of the Online Learning Platforms market in GCC. Individuals can easily access online learning platforms through their smartphones, allowing them to learn on the go and at their own convenience. Another local special circumstance is the presence of a young and tech-savvy population in the GCC region. The younger generation is more inclined towards digital learning and is comfortable using technology for educational purposes. This demographic factor has played a significant role in the increasing adoption of online learning platforms in the region.

Underlying macroeconomic factors: The GCC region is experiencing rapid economic growth and diversification, which has led to an increased focus on human capital development. Governments and organizations in the region are investing in education and training to develop a skilled workforce that can contribute to the growth of various industries. Online learning platforms are seen as an effective and efficient way to provide education and training to a large number of individuals, thereby supporting the region's economic development goals. Furthermore, the COVID-19 pandemic has accelerated the adoption of online learning platforms in the GCC region. The pandemic has disrupted traditional educational systems, leading to the closure of schools and universities. As a result, there has been a surge in demand for online learning platforms as individuals, students, and professionals seek alternative ways to continue their education and training. In conclusion, the Online Learning Platforms market in GCC is experiencing significant growth and development due to customer preferences for convenience and flexibility, trends such as the demand for professional development and language learning courses, local special circumstances including high smartphone penetration and a young population, and underlying macroeconomic factors such as economic growth and the impact of the COVID-19 pandemic.

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.