Market Size of GCC Private K12 Education Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 20.78 Billion |
| Market Size (2029) | USD 29.07 Billion |
| CAGR (2024 - 2029) | 6.95 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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GCC K-12 Private Education Market Analysis
The GCC Private K12 Education Market size is estimated at USD 20.78 billion in 2024, and is expected to reach USD 29.07 billion by 2029, growing at a CAGR of 6.95% during the forecast period (2024-2029).
The GCC private education market is expected to grow at an increasing rate, in the coming years, due to various government initiatives, like Saudi Vision 2030, the rising awareness of primary education, the requirement of higher education options, the need for overall improvement in the quality of education, and an increase in the population, including that of expatriates.
The COVID-19 pandemic helped private educational institutions and students in adapting to remote learning owing to the restrictions and lockdowns imposed by local governments. Governments also undertook special efforts during this period to ensure smooth operations of the educational system. For instance, Saudi Arabia launched the 'Madrasati' e-learning platform in 2020. The platform was ranked among the seven top global e-learning platforms, according to a study conducted by Online Learning Consortium (OLC) in 2021.
Moreover, in today's world, with the steady growth of awareness among parents, educational institutions, and investors, about the need for primary education, there is a major demand for high-quality education, which will boost the tuition fees of private schools. But there is an insufficiency of educational resources in the market. The limited nature and shortage of resources available for the students is one of the biggest challenges for the K-12 education market in GCC. These countries are facing an acute shortage of skilled teachers and staff, and the pupil-to-teacher ratio is quite low across the region.
In order to improve the quality of education, several initiatives have been taken during the past few years such as establishing quality assurance authorities, building guidelines, and encouraging technology-driven education, among others, which have combined to display improvements across the quality of education.
