LAMEA Education Technology Market Size, Share & Industry Trends Analysis Report By Deployment (On-premise and Cloud), By Type (Hardware, Software, and Content), By End User (Business and Consumer), By Sector, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Education Technology Market would witness market growth of 17.6% CAGR during the forecast period (2022-2028).
By providing a tech-savvy classroom which utilizes animations, audio, multimedia, video, and graphics to enhance instructors' and students' teaching & learning processes, a smart classroom is moving the EdTech sector forward. It increases student engagement and leads to improved academic performance. Teachers in smart classrooms have accessibility to audio-visual equipment and computers, allowing them to educate using a variety of media. A data projector is used to show a PowerPoint presentation, DVDs, a smart interactive whiteboard, and more. Smart class refers to a digital initiative that is changing the way teachers and students learn.
To build a diverse, knowledge-based economy and lessen reliance on oil, education is a primary government objective. The UAE Vision 2021, which was launched in 2010, places a strong emphasis on the establishment of a world-class educational system. As a result, this industry continues to grow rapidly. In 2022, education will account for 16.3 percent of the country's $16 billion government budget. The UAE has also developed a "National Strategy for Higher Education 2030," which aims to provide practical and technical abilities to next generations of students in order to boost the job market. It also aspires to improve accreditation standards, establish a qualification system, and improve curricula to meet worldwide standards.
Moreover, the UAE's Strategic Education Plan 2017-2021 aims to increase the higher secondary graduation rate to 98 percent and the pre-school enrollment rate to 95 percent, among other goals. The United Arab Emirates' education system is organized into three categories: private schools, public schools, and higher education. Although private institutions are not directly supervised by the government, they are subject to norms established by the federal government and municipal governments. The integration of various latest technologies and education process would escalate the growth of the regional market over the forecast period.
The Brazil market dominated the LAMEA Education Technology Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,056.3 Million by 2028. The Argentina market is experiencing a CAGR of 18.2% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 17.3% during (2022 - 2028).
Based on Deployment, the market is segmented into On-premise and Cloud. Based on Type, the market is segmented into Hardware, Software, and Content. Based on End User, the market is segmented into Business and Consumer. Based on Sector, the market is segmented into K-12, Preschool, Higher Education, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC, Microsoft Corporation, Instructure, Inc., Coursera, Inc., Chegg, Inc., edX, Inc., BYJU'S, Upgrad Education Private Limited, Udacity, Inc., and Edutech.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Higher Education
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Google LLC
- Microsoft Corporation
- Instructure, Inc.
- Coursera, Inc.
- Chegg, Inc.
- edX, Inc.
- Upgrad Education Private Limited
- Udacity, Inc.
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