Education

The EdTech industry is transforming traditional learning methods by blending digital capabilities and the widespread penetration of digital devices within the general population.

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Overview

The EdTech industry is transforming traditional learning methods by blending digital capabilities and the widespread penetration of digital devices within the general population. EdTech platforms have mushroomed to encompass adaptive learning, animated content, gamification, etc (Khaleej Times). The global EdTech market size was valued at USD 89.49 billion in 2020 and is expected to reach USD 106.04 billion in 2021. Which is expected to witness a compound annual growth rate (CAGR) of 19.9% from 2021 to 2028 to reach USD 377.85 billion by 2028 (Grand View Research).

It is notable that the combined investments in 2018 and 2019 are greater than the total combined investment recorded from 1998 through 2017, a period of quarter century. Within the MENA region too, deals rose from four in 2016 to over 30 in 2019 (Ibid). There is much investment interest too in MENA. MENA EdTech startups raised over USD 30 million in PE and VC funding, for 2020, but that number is increasing rapidly year-on-year (Zawya).

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Latest Insight

Saudi Education

The Kingdom of Saudi Arabia is looking to diversify the source of revenues away from oil. Despite all its plans, a strong education system to support its vision would be essential for its success. Public expenditure on Education in Saudi Arabia is expected to be around 7.6% of nominal GDP in near future. Based on our estimates, the total market-size of KSA education market by spending is estimated at USD 67 Bn in 2016. The formal education system in Saudi Arabia is similar to overall GCC education structure and can be divided into three broad levels: primary, secondary and tertiary. Primary and Secondary education together lasts for 12 years and tertiary education can last upto 9 years. Educational institutions in KSA can be public or private. Private Schools can be divided based on the types of curriculum such as Arabic, bilingual, Asian or Western schools.rn

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