The Latin America, Middle East and Africa Technical And Vocational Education Market should witness market growth of 10.6% CAGR during the forecast period (2022-2028).
EdTech solutions are anticipated to progress in tandem with the newest technological developments, such as IoT, AI, and AR/VR, and substantially contribute to the market's expansion. The incorporation of AR and VR into EdTech solutions helps to provide learners with an engaging experience. It enables students to investigate and fluidly connect with abstract topics, hence increasing student engagement.
EdTech solutions also retain learners' personal information, market participants must adhere to copyright and data privacy regulations when releasing new EdTech products. On the other hand, all universities receiving funding from the U.S. Department of Education (DOE) must comply with the FERPA and PPRA standards.
FERPA seeks to preserve student records, but PPRA prioritizes the protection of students' personal information collected through surveys. In the European Union (EU), EdTech enterprises are also subject to the General Data Protection Regulation (GDPR), which restricts the access to and processing of user data by all sorts of organizations that manage big numbers of data.
In 2006, the National Institute for Vocational Education (NIVE) was established in the United Arab Emirates (UAE) following the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the UAE Vice President, Prime Minister, and Ruler of Dubai, to provide students with the opportunity to acquire specific job competencies designed to increase their employability. NIVE is a self-governing organization linked with the Knowledge and Human Development Authority (KHDA).
The Brazil market dominated the LAMEA Technical And Vocational Education Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $19.7 Billion by 2028. The Argentina market is estimated to grow a CAGR of 11.2% during (2022-2028). Additionally, The UAE market would exhibit a CAGR of 10.3% during (2022-2028).
Based on Course Type, the market is segmented into STEM Education and Non-STEM Education. Based on End-user, the market is segmented into Academic Institutions & Individuals and Corporate Workers. Based on Learning Mode, the market is segmented into Offline and Online. Based on Organization, the market is segmented into Public Institution and Private Institution. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Acumatica, Inc., Amazon Web Services, Inc. (Amazon.com, Inc.), Adobe Inc., Articulate Global, LLC, IBM Corporation, TÜV Rheinland AG, Babcock International Group PLC (Scandinavian AirAmbulance), Pitman Training Group Ltd. (Launch Life International, Inc.), The CEGOS Group, and The Center for Professional Advancement (CfPA).
EdTech solutions are anticipated to progress in tandem with the newest technological developments, such as IoT, AI, and AR/VR, and substantially contribute to the market's expansion. The incorporation of AR and VR into EdTech solutions helps to provide learners with an engaging experience. It enables students to investigate and fluidly connect with abstract topics, hence increasing student engagement.
EdTech solutions also retain learners' personal information, market participants must adhere to copyright and data privacy regulations when releasing new EdTech products. On the other hand, all universities receiving funding from the U.S. Department of Education (DOE) must comply with the FERPA and PPRA standards.
FERPA seeks to preserve student records, but PPRA prioritizes the protection of students' personal information collected through surveys. In the European Union (EU), EdTech enterprises are also subject to the General Data Protection Regulation (GDPR), which restricts the access to and processing of user data by all sorts of organizations that manage big numbers of data.
In 2006, the National Institute for Vocational Education (NIVE) was established in the United Arab Emirates (UAE) following the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the UAE Vice President, Prime Minister, and Ruler of Dubai, to provide students with the opportunity to acquire specific job competencies designed to increase their employability. NIVE is a self-governing organization linked with the Knowledge and Human Development Authority (KHDA).
The Brazil market dominated the LAMEA Technical And Vocational Education Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $19.7 Billion by 2028. The Argentina market is estimated to grow a CAGR of 11.2% during (2022-2028). Additionally, The UAE market would exhibit a CAGR of 10.3% during (2022-2028).
Based on Course Type, the market is segmented into STEM Education and Non-STEM Education. Based on End-user, the market is segmented into Academic Institutions & Individuals and Corporate Workers. Based on Learning Mode, the market is segmented into Offline and Online. Based on Organization, the market is segmented into Public Institution and Private Institution. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Acumatica, Inc., Amazon Web Services, Inc. (Amazon.com, Inc.), Adobe Inc., Articulate Global, LLC, IBM Corporation, TÜV Rheinland AG, Babcock International Group PLC (Scandinavian AirAmbulance), Pitman Training Group Ltd. (Launch Life International, Inc.), The CEGOS Group, and The Center for Professional Advancement (CfPA).
Scope of the Study
By Course Type
- STEM Education
- Non-STEM Education
By End-user
- Academic Institutions & Individuals
- Corporate Workers
By Learning Mode
- Offline
- Online
By Organization
- Public Institution
- Private Institution
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Acumatica, Inc.
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Adobe Inc.
- Articulate Global, LLC
- IBM Corporation
- TÜV Rheinland AG
- Babcock International Group PLC (Scandinavian AirAmbulance)
- Pitman Training Group Ltd. (Launch Life International, Inc.)
- The CEGOS Group
- The Center for Professional Advancement (CfPA)
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 4. LAMEA Technical And Vocational Education Market by Course Type
Chapter 5. LAMEA Technical And Vocational Education Market by End-user
Chapter 6. LAMEA Technical And Vocational Education Market by Learning Mode
Chapter 7. LAMEA Technical And Vocational Education Market by Organization
Chapter 8. LAMEA Technical And Vocational Education Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Acumatica, Inc.
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Adobe Inc.
- Articulate Global, LLC
- IBM Corporation
- TÜV Rheinland AG
- Babcock International Group PLC (Scandinavian AirAmbulance)
- Pitman Training Group Ltd. (Launch Life International, Inc.)
- The CEGOS Group
- The Center for Professional Advancement (CfPA)
Methodology
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