Saudi Arabia K-12 Education Market Size & Outlook
Saudi Arabia k-12 education market, 2017-2030 (US$M)
Related Markets
Saudi Arabia k-12 education market highlights
- The Saudi Arabia k-12 education market generated a revenue of USD 52,098.0 million in 2023 and is expected to reach USD 119,992.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 12.7% from 2024 to 2030.
- In terms of segment, high school (9-12) was the largest revenue generating application in 2023.
- Middle School (6-8) is the most lucrative application segment registering the fastest growth during the forecast period.
K-12 education market data book summary
| Market revenue in 2023 | USD 52,098.0 million |
| Market revenue in 2030 | USD 119,992.1 million |
| Growth rate | 12.7% (CAGR from 2023 to 2030) |
| Largest segment | High school (9-12) |
| Fastest growing segment | Middle School (6-8) |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Elementary School (K-5), Middle School (6-8), High School (9-12) |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 2.1% of the global k-12 education market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia k-12 education market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 48,828.0 million by 2030.
High school (9-12) was the largest segment with a revenue share of 51.95% in 2023. Horizon Databook has segmented the Saudi Arabia k-12 education market based on elementary school (k-5), middle school (6-8), high school (9-12) covering the revenue growth of each sub-segment from 2017 to 2030.
The KSA government's Vision 2030 plan is a major driver of growth in the K-12 education market. This strategic initiative aims to diversify the economy, reduce dependency on oil, and transform the education system to produce a highly skilled and educated workforce.
Reforms include curriculum modernization, increased emphasis on STEM education, and the integration of global best practices. Furthermore, there is a growing demand for private and international schools in the country, especially among expatriates and affluent Saudi families.
These schools are perceived to offer higher quality education, with a focus on bilingualism, international curricula, and better facilities. The growth of private education is further supported by government policies encouraging private sector participation in education.
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K-12 Education Market Scope
K-12 Education Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia k-12 education market size, by application, 2017-2030 (US$M)
Saudi Arabia K-12 Education Market Outlook Share, 2023 & 2030 (US$M)
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