MEA, Europe edTech market size to reach $120 bn by 2027
The education technology (edTech) and smart classroom market size in the Middle East & Africa and Europe is projected to hit $44.623 billion this year, and at a compound annual growth rate (CAGR) of 21.78% to reach $120.408 billion by 2027, as per data published by Think Market Intelligence.
Globally, the edTech and smart classroom market size are expected to be at $333.327 billion by 2027, the report said.
In the Middle East, as the pandemic shifts to endemic, many schools are still prioritizing digital resources over physical ones too according to ISC Research, the leading producer of independent data, trends, and intelligence on the global English-medium international schools’ market.
ISC Research further highlights that new schools will continue to open in the GCC and a notable number of well-established schools in the region are already planning or undertaking large capital projects to enhance their offerings in the region. Accordingly, schools will require resources to construct and outfit their buildings. In such competitive environments, where parents have a plethora of school choices, schools are also looking for ways to distinguish themselves from their neighbors through facilities, curriculum, or any other method, meaning innovative resources are in high demand.
This year’s Global Educational Supplies and Solutions (GESS) Dubai resonates with this growth as local and international edTech companies have confirmed to showcase the latest trends and innovations alongside over 450 educational suppliers at the event from November 15 to 17 at Sheikh Saeed Halls, Dubai World Trade Centre.
Among the most notable pillars of edTech that educators look at include augmented reality (AR), virtual reality (VR), artificial intelligence (AI), and the metaverse. Leading education and technology experts are geared up to present insights and solutions on the latest advancements in these fields to support key decision-makers attending GESS Dubai.