Middle East & Africa Technical And Vocational Education Market Size & Outlook
Middle East & Africa technical and vocational education market, 2018-2030 (US$M)
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MEA technical and vocational education market highlights
- The MEA technical and vocational education market generated a revenue of USD 42,565.6 million in 2023.
- The market is expected to grow at a CAGR of 10.6% from 2024 to 2030.
- In terms of segment, stem was the largest revenue generating course type in 2023.
- STEM is the most lucrative course type segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 42,565.6 million |
| Market revenue in 2030 | USD 86,254.7 million |
| Growth rate | 10.6% (CAGR from 2023 to 2030) |
| Largest segment | Stem |
| Fastest growing segment | STEM |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | STEM, Non-STEM |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.7% of the global technical and vocational education market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 500,091.2 million by 2030.
Stem was the largest segment with a revenue share of 80.43% in 2024. Horizon Databook has segmented the Middle East & Africa technical and vocational education market based on stem, non-stem covering the revenue growth of each sub-segment from 2018 to 2030.
Governments in the region are taking initiatives to diversify their economies beyond oil dependency, shifting their focus on sectors such as manufacturing, construction, tourism, and services. Thus, there's a need for a skilled workforce trained in technical and vocational domains to meet the demands of these burgeoning industries.
However, addressing the challenge of high youth unemployment rates emphasizes the need to equip young people with practical skills demanded by the labor market, positioning TVE programs as key agents in driving economic stability through relevant training initiatives.
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Technical And Vocational Education Market Scope
Technical And Vocational Education Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA technical and vocational education market size, by country, 2018-2030 (US$M)
Middle East & Africa Technical And Vocational Education Market Outlook Share, 2024 & 2030 (US$M)
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