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The Global Middle East Executive Education and Corporate Training Market size is predicted to reach $9.4 billion by 2030, growing at a CAGR of 9.5% during the forecast period 2024-2030. Middle East Executive Education and Corporate Training refers to the specialized training and educational programs offered to executives and professionals in the Middle East region. These programs aim to develop leadership skills, enhance business acumen, and provide industry-specific knowledge to help individuals and organizations thrive in the dynamic and competitive business landscape of the Middle East for the forecast period finds IndustryARC in its recent report, titled “Middle East Executive Education and Corporate Training Market Size, Share & Trends Analysis Report – By Type (Instructor Led, Online, and Blended) , By Product (Technical courses and training and Soft skills courses and training), By End-User (Manufacturing, Healthcare, BFSI, IT, Retail, Hospitality, Government, Business and Professional Services, Others), By Leadership Level (Business Owner Junior/Entry Level Employees, Managers, Mid-Level Employees and Senior Executives), By Type Of Learners (Group/Small team Learners, Individual/Private Learner), By Duration (Less than 1 week, week to 1 month, More than 1 month), By Institution Type(Universities, Online Platforms, Consulting Firms, Specialized Corporate Training Firms, Government and Non-Profit Organizations Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030.”
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UAE is taking proactive steps to address the growing demand for digital skills in the country. For instance, according to the World Economic Forum, with the goal of creating 1.5 million new jobs in the digital sector by 2025, the government has invested $100 million in the National Digital Talent Strategy. The Digital Skills Academy has already trained over 10,000 individuals, while partnerships with 10 universities and colleges provide the availability of scholarships and training programs to further boost the digital workforce. According to Data and Artificial Intelligence Authority (SDAI), Saudi Arabia would invest $20 billion between now and 2030 as the Saudi government’s commitment to training 40% of the relevant workforce in data and AI by 2030 demonstrates their dedication to fostering a skilled workforce for the country’s digital transformation and economic diversification. The Saudi government is clearly committed to developing a skilled workforce to support the country’s digital transformation and economic diversification
Middle East Executive Education and Corporate Training Market 2024-2030: Scope of the Report
|
Report Metric |
Details |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
CAGR |
9.5% |
|
Market Size in 2030 |
$9.4 billion |
|
Segments Covered |
Type, Product, End-User, Leadership Level, Type Of Learners, Duration, Institution Type and Region |
|
Geographies Covered |
Middle East (UAE, Qatar, Saudi Arabia, Others) |
|
Key Market Players |
Companies in this industry are listed below: 1. NYU ABU DHABI 2. Informa 3. Dale Carnegie Training 4. KFUPM Business School 5. Harvard Business School 6. Skillsoft 7. GP Strategies 8. FranklinCovey 9. Mohamed bin Zayed University of Artificial Intelligence 10. Sorbonne Abu Dhabi |
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Middle East Executive Education and Corporate Training Market Report – Key Takeaways:
Qatar’s Ministry of Communications and Information Technology (MCIT) has partnered with Microsoft to implement a National Skilling Program aimed at upskilling 50,000 workers by 2025. The program was launched alongside the opening of a state-of-the-art Digital Center of Excellence in downtown Doha. These programs can cater to both professionals looking to enhance their career prospects and organizations seeking to ensure their workforce is equipped for the digital age. By delivering flexible and industry-relevant digital training, providers can play a pivotal role in supporting Qatar’s digitalization efforts and economic growth.
With a strong focus on learning and development (L&D) across all sectors, the Kingdom of Saudi Arabia has been undertaking a significant shift towards a knowledge-based economy. The development of human capital has received special attention from the government under the Vision 2030 plan, which aims to diversify the economy and reduce its dependence on oil. The objective is to create a highly skilled workforce that can compete on a global scale. All these factors drive the demand for Executive Education and Corporate Training Market.
The Saudi cybersecurity industry was worth $3.6 billion in 2020 and is predicted to rise at a 17.98 percent CAGR to $9.8 billion by 2026. Cyber attacks continue to be a big issue in Saudi Arabia. Government, education, banking, energy, and healthcare are among the most extensively targeted sectors. With the growing cybersecurity industry in Saudi Arabia and the increasing need to combat cyber threats, there is a significant opportunity for Executive Education and Corporate Training. Organizations in sectors such as government, education, finance, energy, and healthcare can benefit from specialized programs that equip their executives and employees with the necessary skills to navigate the complex cybersecurity landscape.
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Key Opportunity Analysis:
Growth in demand for technical courses senior level executive
According to the International Trade Administration, the information and communications technology (ICT) market in Saudi Arabia is the biggest in the Middle East and North Africa area, with a market value of about $32.1 billion in the year 2022. There’s a robust demand for technical courses and training. To meet the industry’s needs, educational institutions and training providers have a significant opportunity to offer specialized programs, upskilling the workforce and fostering innovation, ultimately driving economic growth.
Growing Need For Soft Skill Training for Junior\Entry-Level Employees
Soft skills courses and training opportunities in the Middle East are available to help individuals enhance their interpersonal and communication skills, leadership abilities, teamwork, and problem-solving skills. These courses are designed to complement technical expertise and are increasingly recognized as essential for professional success in various industries.
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The Report also Covers the Following Areas:
Middle East Executive Education and Corporate Training Market 2024-2030: Key Highlights
Covid and Ukrainian Crisis Impact:
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List of Key Market Players in Middle East Executive Education and Corporate Training Market:
The key companies profiled in the Middle East Executive Education and Corporate Training Market Report are listed below:
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