Showing posts with label Education Industry in Saudi Arabia. Show all posts
Showing posts with label Education Industry in Saudi Arabia. Show all posts

Monday, May 28, 2018

Saudi Arabia Education Market Outlook-Ken Research

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What is the Current State of Saudi Arabia Education Industry?
The education system in the Kingdom is as per the Education Policy Document, which was issued by the Saudi Council of Ministers in 1969. Several organizations of the government also function together to regulate and enforce the laws pertaining to the education system in the country. The three major organizations that oversee the operations of education industry in Saudi Arabia are the Ministry of Education, the Ministry of Higher Education, and the Technical and Vocational Training Corporation (TVTC). Education industry in Saudi Arabia witnessed a continuous increase to USD ~ million during 2017 from USD ~ million during 2011, registering a CAGR of ~% between 2011 and 2017.

The growing concern for quality education by the education sector in the Kingdom encouraged the government to allocate USD ~ billion for education and training during its 2016 budget. This led to the expansion of the existing players and the entrance of new players to cater the growing number of students, thereby adding to the revenues of the industry during the review period.
The revenues were also affected in a positive manner due to the rising expenditure of the government on technical and vocational training by ~ to USD ~ billion between 2010 and 2014. The growing need to reduce unemployment rate resulted in more number of teachers and students getting enrolled to vocational institutes, thereby driving the overall industry revenues.

How has Saudi Arabia K-12 Education Industry Performed?
Market Size: The Ministry of Education played a significant role in augmenting the industry revenues during the review period by providing students an access to international curriculum along with laying emphasis on traditional subjects. The initiative exposed students to new areas of learning, thus helping K-12 schools to witness an increase in enrollments. K-12 education industry in the Kingdom of Saudi Arabia increased to USD ~ million during 2017 from USD ~ million during 2011, registering a CAGR of ~% between 2011 and 2017.

Market Segmentation: The overall K-12 education industry in the Kingdom of Saudi Arabia has been majorly captured by the public schools operating in the country. Continuous efforts of the government to improve the quality of education have led to the establishment of new K-12 schools during the period 2013– 2017. Modern curriculum to equip the students with practical learning rather than keeping them bounded with religious issues including ‘history’ and ‘Arabic language’, has made the Government to encourage establishment of new private schools in the Kingdom. Augmenting demand for global education players in the Kingdom by both immigrants and the local population has been the major reason behind the surging number of international schools during 2013 – 2017.

Future Outlook: The revenues generated by the players in Saudi Arabia K-12 education industry are projected to augment to USD ~ million by 2022 from USD ~ million during 2017, registering a robust CAGR of ~% during the same period. The emphasis to introduce English language in the schooling system is estimated to raise the industry revenues, due to more number of people focusing on the need to learn English, rather than merely getting restricted to the subjects taught in Arabic language. For instance, physics, chemistry and biology use English as the basic language that directs approach, methodology and analysis. Therefore, the rising numbers of subjects in English language are expected to augment the number of enrollments, thus leading to generation of higher revenues by the industry.

How has Saudi Arabia Higher Education Industry Performed?
Market Size: Higher education industry in the Kingdom of Saudi Arabia increased to USD ~ million during 2017 from USD ~ million during 2011, registering a CAGR of ~% between 2011 and 2017. The higher education industry of Saudi Arabia has also been driven due to the focus of the government to hire foreign academicians for educating the students. This has improved the quality of education, thus making more people to continue studying after completing their schooling.

Market Segmentation: Government universities in the Kingdom of Saudi Arabia witnessed the maximum number of enrollments during 2015. ~% of the people enrolled to government universities for higher education during the same year. The share of this segment to the total enrollments surged from ~ enrollments during 2012 to ~ in 2017. Private universities in Saudi Arabia offered almost similar number of courses and subjects to the students pursuing higher education in the country. Such universities charged much higher fee as compared to government universities. The total enrollments to private universities inclined from ~ in 2012 to ~ for the academic session of 2017. Other higher educational universities contributed a share of ~ enrollments during the same year.

Future Outlook: The revenues generated by the players operating in Saudi Arabia higher education industry are projected to augment to USD ~ million by 2022 from USD ~ million during 2017, registering a robust CAGR of ~ during 2017-2022. The increased demand for higher education in the Kingdom is anticipated to boost the fee over the long term, thus making people pay more for higher education services in the country. The increased expenditure of the people is expected to surge the revenues of various colleges and universities operating in the space. Strategic tie-ups of the Ministry of Higher Education with private entities to fund and expand the colleges in the Kingdom are expected to offer long term monetary benefits to the industry by increasing their student intake. The 2030 vision of the government for thriving economy is expected to support the development of universities and colleges.

How has Saudi Arabia Vocational and Technical Training Industry Performed?
Market Size: Vocational and technical training industry in Saudi Arabia increased to USD ~ million during 2017 from USD ~ million during 2011, registering a robust CAGR of ~ between 2011 and 2017. The rising expenditure of the government on technical and vocational training by ~ to USD ~billion between 2010 and 2014 was the major reason behind the significant growth of the industry during the period 2011-2017. Initiatives to improve and expand the education sector of the Kingdom led to increasing collaborations of the government with private entities to equip the students in various fields of study.

Market Segmentation: Maximum teachers that were enrolled to various training institutes in the Kingdom were Saudi Nationals. Teachers were given training in various fields other than the traditional Arabic language. Both technical and non-technical courses were offered to Saudi teachers which can equip them with better knowledge that is to be provided to the students.  Training institutes were the most preferred for various courses to be taken up by the teachers during 2016.  The percentage of teachers enrolling to private education and training centers constituted a dominant share of ~ in the overall enrollments to various training institutes of the Kingdom in 2016.
The enrollments to training institutes constituted a dominant share of ~ in the overall enrollments to various vocational and technical centers operating in the country during 2016. Male students accounted for ~ share in the total enrollments to various training institutes during 2016. The existence of more number of courses offered by the highly qualified academicians in both Arabic and English language made the students enroll themselves to training centers owned by private entities. With a dominant share of ~ during 2016, private training institutes witnessed the maximum number of enrollments.

Future Outlook: The revenues generated by vocational and technical training institutes in Saudi Arabia are projected to augment to USD ~ million by 2022 from USD ~ million during 2017, registering a CAGR of ~% during the period 2017-2022.

How has Saudi Arabia E-Learning Industry Performed?
Market Size: E-learning industry in Saudi Arabia increased to USD ~ million during 2017 from USD ~ million during 2011, registering a CAGR of ~ between 2011 and 2017. The shift of people towards better quality education was among the major reasons for the growth of e-learning industry in the Kingdom. More number of students and professionals were exposed to the use of internet for education and training purposes through the implementation of e-learning systems in various schools, universities, corporations and governmental bodies.

Market Segmentation: Adoption of e-learning in higher education colleges contributed ~% to the overall industry revenues in 2017. E-learning was also adopted and implemented with a view to make students learn about the growing use of internet along with helping the teachers to connect with the parents through online facilities offered by the school. K-12 schools held the share of ~% in the revenues generated by the industry through various end-customers during 2017. The increased demand for e-learning systems by corporate & government bodies added a share of ~% to the overall e-learning industry revenues in Saudi Arabia during 2017.

Content services contributed a dominant share of ~% to the overall revenues generated by e-learning industry in the Kingdom during 2017. Content services were majorly demanded by the users in educational sector, wherein improvised and advanced instructional content was offered to uplift the public sector education in the country. Technology services constituted ~% in the overall revenues generated by the players operating in e-learning industry in Saudi Arabia.

Future Outlook: The revenues generated by E-learning industry in Saudi Arabia are projected to augment to USD ~ million by 2022 from USD ~ million during 2017, registering a CAGR of ~% during the period 2017-2022 due to increasing use of smart classes in K-12 schools, rising governmental initiatives to improve the country’s quality of education by adopting various e-learning, continuous growth in the corporate sector and Rising awareness about the distance learning programs of various international universities through online based technology.

How has Saudi Arabia Test Preparation Industry Performed?
Market Size: There has been a continuous increase in the number of people preferring to study in the Western countries due to unemployment in the Kingdom. This has made more students enroll to test preparation institutes, thereby driving the industry in a positive manner. Test preparation industry in Saudi Arabia increased to USD ~ million during 2017 from USD ~ million during 2011, registering a CAGR of ~ between 2011 and 2017.

Market Segmentation: Revenues generated by the market players who offer test preparation services for TOEFL were observed to be highest, when compared with other types of tests. The segment dominated Saudi Arabia test preparation market with a revenue share of ~% in the year 2017. The test preparation industry noticed a contribution of USD ~ million to the overall revenues from IELTS preparation classes in 2017. IELTS is the most popular course in Saudi Arabia, as of 2017. The Graduate Management Admission Test (GMAT) applicants captured third position in Saudi Arabia test preparation industry with a revenue share of ~%, thus evaluated at USD ~ million in the year 2017.

Unlike TOEFL, IELTS and GMAT test types, the Graduate Record Examination (GRE) test witnessed limited number of students applying for the test. This was due to wider acceptance of TOEFL and IELTS over GRE in the foreign universities as the assessment for both the tests is almost similar. The least of the revenues to various competitive tests in the Kingdom were contributed by the Scholastic Assessment Test (SAT) applicants, therefore evaluated at USD ~ million in 2017.

Future Outlook: The revenues generated by test preparation industry in Saudi Arabia are projected to augment to USD ~ million by 2022 from USD ~ million during 2017, registering a CAGR of ~ during the period 2017-2022. The augmentation in the fee of the institutes is also expected to drive the overall growth in a positive manner. Hike in fee is estimated due to the increased operational expenses of the test preparation centers to offer coaching across various fields of study that are included in the tests.

What is the Expected Future Outlook for the Overall Education Industry in Saudi Arabia?
The Saudi Arabian education industry is projected to augment to USD ~ million by 2022 from USD ~ million during 2017, registering a CAGR of ~ during the period 2017-2022. The allocation of USD ~ billion to education sector of the country in the 2017 annual budget is expected to assist in the development of education industry during the outlook period, thus leading to the growth of all sectors.
The expansion of the Colleges of Excellence (CoE) by way of offering 100 colleges by 2020 for vocational training programs is projected to drive the overall industry revenues due to rising demand for training and technical courses in the Kingdom. 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 modern technology as a part of e-learning sector is projected to benefit the education industry during the long term.

Increasing number of organizations offering scholarships to students who wish to study abroad are projected to fuel the enrollments and revenues of the test preparation education sector, thus having a positive impact on the overall industry revenues.

More number of educational institutes and corporate houses adopting e-learning platforms are estimated to grow, as they get exposure not only to local entities, but also to global players offering knowledge across various areas of study. This is expected to be a significant factor leading to the growth of the industry during 2017-2022. Continuous emphasis of the government and private authorities to enhance vocational skills in Saudi nationals is anticipated to expand the training and technical institutions, thereby resulting in a positive growth of the industry. Private players entering the space with more numbers of tie-ups between the government universities and global players are further anticipated to boost the industry.

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

Related Reports by Ken Research:
The UAE education market will grow at a considerable CAGR rate thus exceeding USD 6.7 billion by 2018 due to the increasing number of students and increase in tuition fees.

The education market in India is one of the largest education systems globally which has registered a robust growth rate over the period.

The report provides a comprehensive analysis on various aspects such as market size of pre-primary, primary, secondary and higher education sector on the basis of learners, educators.
                                
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-1244230204

Tuesday, May 22, 2018

Saudi Arabia Education Industry Outlook to 2022-Ken Research

Ken Research announced its latest publication on “Saudi Arabia Education Industry Outlook to 2022- By Higher Education, K-12 Education, E-Learning, Vocational Training  and Test-Preparation Education provides a comprehensive analysis on education sector focusing on segments such as K-12 Education sector, Higher education, Vocational and technical training, E-Learning and Test Prep Sector. Detailed comparative analysis of major players in education industry has also been provided. Various marketing analysis factors such as trends and developments and SWOT analysis are also added in the study. The future analysis of the overall Saudi Arabia Education Industry has also been discussed along with recommendations from analyst view. The stakeholders of this report include education institutes, schools, universities, training centers, companies involved in research, teachers and students in Saudi Arabia and the new entrants and venture capitalists who wish to invest in education industry in future.
Saudi Arabia Education Industry Overview
Saudi Arabia has been the largest market for education services in the Gulf Cooperation Council (GCC) region and accounted for growing number of total students’ enrollments in the GCC K-12 education system. Strong government support over the past few years has led to the continuous growth of education sector by inviting private players to enter the space. The three major organizations that oversee the operations of education market players in Saudi Arabia are the Ministry of Education, the Ministry of Higher Education, and the Technical and Vocational Training Corporation (TVTC). The education system in the Kingdom is as per the Education Policy Document, which was issued by the Saudi Council of Ministers in 1969. Several organizations of the government also function together to regulate and enforce the laws pertaining to the education system in the country.
Saudi Arabia Education Industry Size
The education industry in the Kingdom of Saudi Arabia inclined at a double digit CAGR during the period 2012-2017. One of the major reasons which boosted the industry revenues during 2011-2013 was the extension of King Abdullah Scholarship Program (KASP) in 2012, which inclined the number of enrollments to K-12 schools.
Saudi Arabia K-12 Education Market
The K-12 education industry of Saudi Arabia, in terms of revenues, has inclined at a double digit CAGR during the period 2012-2017. The extension of King Abdullah Scholarship Program (KASP) during 2012 encouraged the number of admissions to K-12 schools, as the most deserving students with distinguished academic records were offered scholarships to study in the world’s best universities. This raised the demand for schools in the country, thereby adding to the revenues of the industry.
By Type of Schools (Public and Private)
The overall K-12 education industry in the Kingdom of Saudi Arabia has been majorly captured by the public schools operating in the country. There were over 24,000 public schools in the country by 2017. The growing demand for better quality education in the country has made private players to tap this sector over the years.
Competition Assessment in K-12 Education Sector
The K-12 education industry in the Kingdom has been dominated by the existence of public schools to boost the education sector of the country. Government schools focused on providing better quality education to compete with the private and international schools in Saudi Arabia. Private schools in the space compete in terms of offering quality education at various fee structures.
Saudi Arabia Higher Education Industry
The higher education industry of the Kingdom inclined at a single digit CAGR during the period 2012-2017. The establishment of new universities due to the increased investments in the education sector was the key contributor to the augmented revenues generated by the market players.
 By Type of Universities (Government, Private and Other Universities)
Government universities in the Kingdom of Saudi Arabia witnessed the maximum number of enrollments during 2017. King Faisal University, King Abdulaziz University, Imam Muhammad Bin Saud Islamic University and Umm Al Qura University were the top government universities with most number of students pursuing post-graduation, bachelors and other diploma courses from these universities in the country during the academic session of 2017. Private universities in Saudi Arabia offered almost similar number of courses and subjects to the students pursuing higher education in the country.
By Academic Degree (Bachelor’s, Average Diploma and Postgraduate)
Since, bachelor’s degree is the first step to higher education; this segment has witnessed the most number of enrollments, constituting more than 50% to the pie of 2017 academic session. More than 50% of the overall students who pursued higher education were enrolled to average diploma courses for the academic session of 2017. Universities offering post- graduate degrees witnessed the least number of enrollments during 2017, constituting less than 50% of the overall students continuing higher education in Saudi Arabia.
By Field of Study
General courses on business and management helped the students in getting industrial knowledge along with exposing them to real life cases in the business world. The traditional course in the area of humanities was also considered as the top priority courses during 2017. Government institutes catered to most of the students enrolling to humanities course, which involved degrees in history, psychology, sociology and philosophy.
Competition Assessment in Higher Education Sector
With more number of universities getting included in the list of top universities in the Arab region, the higher education industry has witnessed stiff competition overtime. Efforts of the government to enhance the importance of pursuing higher education have made the players competent enough to offer quality education by hiring experienced faculty. Private universities in the Kingdom compete on grounds of providing education through highly qualified academicians at varied fee structures.
Saudi Arabia Vocational and Technical Training Industry
Emergence of Vocational and Technical Training: Saudi Arabia has been continuously working on improving its education system by inculcating the importance of learning with better quality services. Traditionally, technical and vocational training in the Kingdom was distributed between three governmental authorities. The vocational and technical training industry in the Kingdom of Saudi Arabia inclined from over 200 thousand enrollments during 2011 at a double digit CAGR during the period.
Competition Assessment in Vocational and Technical Training Industry
The rising awareness about skilled and technical courses in the Kingdom has resulted in stiff competition amongst the players operating in vocational and technical training industry. Offering advanced training sessions through the support of strategic tie-ups with private entities has led to the expansion of vocational centers headed by the government in the country.
Saudi Arabia E-Learning Industry
The e-learning industry in the Kingdom of Saudi Arabia inclined at a robust double digit CAGR during the period 2011-2017. The need for adoption and implementation of e-learning systems in education sector of the country was recognized to reduce the high unemployment rate of 5.8% during 2011. This led to the entrance of online education market players in the space which had an opportunity to cater the ready customer base.
By End Users (K-12 Schools, Higher Education Colleges, Corporate and Government Bodies and Others)
Adoption of e-learning in higher education colleges contributed the majority share to the overall industry revenues in 2017. E-learning not only helped the authorities in getting access to modern curriculum, but also assisted the students in learning about various other courses that were not offered in the colleges. The increasing numbers of K-12 schools in the Kingdom of Saudi Arabia were the second largest end users of e-learning technology during 2017. K-12 schools held the share in the revenues generated by the industry through various end-customers during 2017.
By Types of Services (Content Services and Technology Services)
Content services contributed a dominant share to the overall revenues generated by e-learning industry in the Kingdom during 2017. Content services were majorly demanded by the users in educational sector, wherein improvised and advanced instructional content was offered to uplift the public sector education in the country. Technology services, which typically include learning management systems (LMS), smart classes, and smart authoring tools, constituted in the overall revenues generated by the players operating in e-learning industry in Saudi Arabia.
Competition Assessment in Vocational and Technical Training Industry
The e-learning industry has witnessed rising number of players entering the space with various kinds of educational services for students and professionals in the Kingdom. Introduction of modern curriculum of various universities on a single portal made market players have an edge in stiff competition prevailing in the industry.
Saudi Arabia Test Preparation Industry Segmentation
The focus of majority of the institutes is on training the students for GMAT, GRE, SAT, IELTS and TOEFL. This is due to the changing preferences of the people to shift abroad for continuing their education. The test preparation industry in Saudi Arabia is still in its growing stage and is dominated by the private sector establishments of both local and global players operating in the space.
By Type of Tests (SAT, IELTS, GRE, TOEFL and GMAT)
There were over 2,000 students enrolling to undertake SAT in 2017. Overall enrollments for SAT contributed least share to the industry revenues in 2017. The test preparation industry noticed a contribution of to the overall revenues from IELTS preparation classes in 2017. Students in the country enrolled themselves for TOEFL during 2017.
Saudi Arabia Education Industry Future Outlook and Projections
The Saudi Arabian education industry is projected to augment to 2022, registering a single digit CAGR during the period 2017-2022. The allocation of funds to education sector of the country in the 2017 annual budget is expected to assist in the development of education industry during the outlook period, thus leading to the growth of all sectors. The expansion of the Colleges of Excellence (CoE) by way of offering colleges by 2020 for vocational training programs is projected to drive the overall industry revenues due to rising demand for training and technical courses in the Kingdom.
For more information on the research report, refer to below link:
Related Reports by Ken Research:
The UAE education market will grow at a considerable CAGR rate thus exceeding USD 6.7 billion by 2018 due to the increasing number of students and increase in tuition fees
The education market in India is one of the largest education systems globally which has registered a robust growth rate over the period.
The report provides a comprehensive analysis on various aspects such as market size of pre-primary, primary, secondary and higher education sector on the basis of learners, educators.
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-124 423 0204