London, 11 May 2015 – Technavio has published a new report on the K-12 education market in the GCC, which is expected to post a CAGR of more than 3% from 2015-2019.
About the Report
According to the latest market analysis by Technavio, increasing oil prices over the past decade have led to higher income and better purchasing power in GCC countries.
“As disposable incomes have improved, many parents in GCC countries are spending more on educating their children, which has enabled the growth of the education sector in these countries,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also emphasizes the growing demand for international education in the region. Rising disposable incomes have pushed parents to try and acquire a better standard of education for their children, which has boosted the growth of private schools.
“Many international education providers are setting up branch campuses in GCC countries and are consolidating their local and regional operations to generate more revenue,” says Ghaus.
K-12 Education: Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and the growth prospects of the K-12 education market in GCC from 2015-2019. To calculate the market size, the report considers student enrollments in public and private schools across the pre-primary, primary, and secondary segments of education in all six GCC countries namely, Saudi Arabia, the UAE, Oman, Kuwait, Qatar and Bahrain.
Key Information Covered in the Report:
Key Vendors:
- Al Noor International School
- Dubai American Academy
- GEMS Wellington International School
- International Program School
- Saud International
Market Growth Drivers:
- Increased Affordability
- For a full detailed list, view our report.
Market Challenges:
- Lack of Suitably Qualified Teachers
- For a full detailed list, view our report.
Market Trends:
- Demand for International Education
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
