Online Education - Morocco

Morocco

Revenue in the Online Education market is projected to reach €134.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.49%, resulting in a projected market volume of €144.70m by 2029.
The Online Learning Platform market has a projected market volume of €122.50m in 2024.
In global comparison, most revenue will be generated in the United States (€80.31bn in 2024).
The average revenue per user (ARPU) in the Online Education market is projected to amount to €29.83 in 2024.
In the Online Education market, the number of users is expected to amount to 6.0m users by 2029.
User penetration in the Online Education market will be at 11.8% in 2024.

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Online Education market in Morocco has witnessed significant growth in recent years, fueled by customer preferences for flexible learning options and the increasing demand for digital skills in the job market.

Customer preferences: Moroccan customers have shown a strong preference for online education due to its convenience and flexibility. With busy work schedules and limited time for traditional classroom-based learning, many individuals are turning to online platforms to acquire new skills and knowledge. Online education allows them to learn at their own pace and from anywhere, making it an attractive option for working professionals and students alike. Additionally, the availability of a wide range of courses and programs online caters to diverse interests and career aspirations, further driving the demand for online education in Morocco.

Trends in the market: One of the key trends in the online education market in Morocco is the increasing focus on digital skills. As the country strives to become a digital hub in the region, there is a growing need for individuals to acquire skills in areas such as coding, data analysis, and digital marketing. Online education platforms are capitalizing on this trend by offering specialized courses and programs that cater to the specific needs of the Moroccan market. This trend is expected to continue as the demand for digital skills continues to rise. Another trend in the market is the emergence of online platforms that offer courses in the local language, Arabic. While English is widely spoken in Morocco, there is a significant portion of the population that prefers to learn in Arabic. Online education platforms that provide courses in Arabic are able to tap into this segment of the market and attract a larger customer base. This trend highlights the importance of localization in the online education market in Morocco.

Local special circumstances: Morocco has a relatively young population, with a large percentage of the population being under the age of 30. This demographic factor has contributed to the growth of the online education market in the country. Young individuals are more tech-savvy and open to online learning, making them a key target audience for online education providers. Additionally, the Moroccan government has been actively promoting digital literacy and online education, further driving the growth of the market.

Underlying macroeconomic factors: Morocco has been experiencing steady economic growth in recent years, which has had a positive impact on the online education market. A growing economy means increased disposable income, allowing individuals to invest in their education and personal development. Furthermore, the COVID-19 pandemic has accelerated the adoption of online education as traditional educational institutions shifted to online learning due to lockdown measures. This has further propelled the growth of the online education market in Morocco. In conclusion, the online education market in Morocco is experiencing significant growth due to customer preferences for flexible learning options, the increasing demand for digital skills, and the favorable macroeconomic conditions. As more individuals recognize the benefits of online education, the market is expected to continue its upward trajectory in the coming years.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.