Market Introduction
The governments of Middle East countries consider education as a means of economic development and prosperity. Thus, they highly focus on fostering skilled professionals for the efficiently develop the course authoring software. Governments across the region have been approving ~20% of their nation’s government expenditure to education, which is a significant amount compared to average allotments. Along with the supporting e-learning initiatives focused on enhancing education delivery, the government is also seeking for ways wherein organization can offer robust training to its employees via online course authoring platform. The UAE Ministry of Education announced their plan to increase the investment toward e-learning initiatives by 60%, which accounts for ~US$ 7.1 billion by 2023. The educational institutions are demanding flexible access to higher education, owing to investing a noteworthy amount on the youthful population in the region, and a tech-savvy is projected to upsurge the adoption of online learning in the region. The factors mentioned above are expected to propel the growth of the course authoring software market in the MEA region. Also, surge in artificial intelligence demand is expected to create a significant demand for course authoring software in the coming years, which is further anticipated to drive the MEA course authoring software market.
COVID-19 pandemic is badly affecting the MEA region, but this has created new possibilities for the region's course authoring software market. The UAE ministry of education has announced that university teaching will shift online. In Dubai, corporate companies, as well as educational universities, have also been closed. The Knowledge and Human Development Authority has launched a new online platform for learning. The portal has been launched to connect technology and well-being-based organizations with teachers, and students who are teaching and learning from home. In terms of COVID outbreak, Iran, Saudi Arabia, Qatar, South Africa, and UAE are some of the major MEA countries with high number of COVID-19 confirmed cases and deaths. The economic and industrial growth of these countries has been affected negatively in the past few months. However, the presence of large young population and closure of educational institutions has been driving the adoption of digital technology solutions in the education sector to deliver uninterrupted teaching and learning processes. Also, In Saudi Arabia, educational institutions have been closed since March 2020. Most of the schools and universities in the country have implemented e-learning programs to allow students to continue their classes. To support university students and members, enhance the quality of learning platforms and virtual classrooms, and better access to national digital services, the Saudi Research and Innovation Network (Maeen) has partnered with the Integrated Telecom Company.
Market Overview and Dynamics
The course authoring software market in MEA is expected to grow from US$ 48.92 million in 2019 to US$ 101.84 million by 2027; it is estimated to grow at a CAGR of 12.1% from 2020 to 2027. Digitalization has been transforming several industries across MEA by driving the adoption of digital technologies, and smart and connected hardware to increase overall operational productivity and revenues of companies. Education is considered one of the key industries where digitalization is rapidly evolving with the adoption of smart devices, such as interactive displays, notebooks, tablets, and smartphones. Additionally, mounting digital content creation for education sector, online/e-learning courses, online exams, virtual classrooms, edutainment, and digital textbooks is further boosting the growth of course authoring software market. The rising investments in edtech startups that are integrating advanced technologies such as AR, VR, and AI in education solutions are further boosting the overall trend of digitalization in the education sector.
Key Market Segments
In terms of deployment, the cloud segment accounted for the largest share of the MEA course authoring software market in 2019. In terms of end user, the enterprises segment held a larger market share of the MEA course authoring software market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the course authoring software market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Adobe Inc.; Articulate Global Inc.; Brainshark, Inc.; Easygenerator; Elucidat; Instructure, Inc.; iSpring Solutions Inc.; LearnWorlds; Lessonly, Inc.; SAP Litmos.
Reasons to buy report
MEA Course Authoring Software Market Segmentation
MEA Course Authoring Software Market - By Deployment
MEA Course Authoring Software Market - By End User
MEA Course authoring software Market - By Country
MEA Course authoring software Market - Company Profiles