The Latin America, Middle East and Africa Technical And Vocational Education Market would witness market growth of 10.6% CAGR during the forecast period (2022-2028).
EdTech solutions are anticipated to progress in tandem with the newest technological developments, such as IoT, AI, and AR/VR, and substantially contribute to the market's expansion. The incorporation of AR and VR into EdTech solutions helps to provide learners with an engaging experience. It enables students to investigate and fluidly connect with abstract topics, hence increasing student engagement.
EdTech solutions also retain learners' personal information, market participants must adhere to copyright and data privacy regulations when releasing new EdTech products. On the other hand, all universities receiving funding from the U.S. Department of Education (DOE) must comply with the FERPA and PPRA standards.
FERPA seeks to preserve student records, but PPRA prioritizes the protection of students' personal information collected through surveys. In the European Union (EU), EdTech enterprises are also subject to the General Data Protection Regulation (GDPR), which restricts the access to and processing of user data by all sorts of organizations that manage big numbers of data.
In 2006, the National Institute for Vocational Education (NIVE) was established in the United Arab Emirates (UAE) following the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the UAE Vice President, Prime Minister, and Ruler of Dubai, to provide students with the opportunity to acquire specific job competencies designed to increase their employability. NIVE is a self-governing organization linked with the Knowledge and Human Development Authority (KHDA).
The Brazil market dominated the LAMEA Technical And Vocational Education Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $19.7 Billion by 2028.The Argentina market is estimated to grow a CAGR of 11.2% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 10.3% during (2022 - 2028).
Based on Course Type, the market is segmented into STEM Education and Non-STEM Education. Based on End User, the market is segmented into Academic Institutions & Individuals and Corporate Workers. Based on Learning Mode, the market is segmented into Offline and Online. Based on Organization, the market is segmented into Public Institution and Private Institution. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Technical And Vocational Education Market is Predict to reach $1057.4 Billion by 2028, at a CAGR of 8.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Acumatica, Inc., Amazon Web Services, Inc. (Amazon.com, Inc.), Adobe Inc., Articulate Global, LLC, IBM Corporation, TÜV Rheinland AG, Babcock International Group PLC (Scandinavian AirAmbulance), Pitman Training Group Ltd. (Launch Life International, Inc.), The CEGOS Group, and The Center for Professional Advancement (CfPA).
By Course Type
By End User
By Learning Mode
By Organization
By Country
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