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  • Algeria

    Algeria faces hurdles in sourcing milk from Uganda – Pulse Uganda

    Algeria Embarks on a New Era of Technological Sovereignty: Inauguration of the First National Electronic Chip Laboratory – دزاير توب

    Algeria Expelled Record of 31,404 Migrants to Niger in 2024 Amid Global Uproar – Morocco World News

    Algeria set to issue Sukuk for project finance – ZAWYA

    Strained Relations: France and Algeria’s Diplomatic Woes – Qhubo

    Algeria Cuts Taxes, Introduces Exemptions to Spur Digital Innovation – We Are Tech

  • Egypt

    Egypt Embraces Technology to Modernize Governance and Citizen Engagement – Tech in Africa

    Egypt: Beltone Investment Banking advises on $180mln financing deal for MAFI – ZAWYA

    Rambo’s Story: A Window into Animal Dignity and Suffering in Egypt – Egyptian Streets

    Swiss logistics giant MEDLOG to build new state-of-the-art dry port in Egypt – Economy – Business – Ahram Online

    Explainer: Towards a cashless future! Exploring e-wallets in Egypt – Tech – Business – Ahram Online

    Egypt’s net foreign assets decline by $3.25bn in November – Gulf Business

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  • Libya

    Libya Exhibition for Energy, Electricity and Lighting Technologies – The Libya Observer

    Libya has around 124,000 Point of Sales machines – needs 200 to 250,000 to solve its liquidity problem: Former senior banker – Libya Herald

    Libya's oil ambitions face Russian threat amid production boost – MSN

    Russia is shifting military gear from Syria to Libya after the fall of Assad, Ukraine says – Business Insider

    France’s Alpha-Cim and FB Technology‎ make a presentation to the Airports Authority – Libya Herald

    Libyan Foreign Bank announces preliminary 2024 Year-End Results showing US$ 440 million net profits – change of CEO – Libya Herald

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    • Morocco

      We work remotely, so we moved from the US to Morocco. We plan to stay for years. – Business Insider

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      • South Sudan

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        Turkish aid agency TIKA delivers food aid to 250 children at South Sudan orphanage – Türkiye Today

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          KUNA : Sudan's banknote replacement triggers off economic challenges – Economics – 06/01/2025 – Kuwait News Agency

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                تدخل GOMUNOINAKI CO., LTD. اليابانية أسواق الشرق الأوسط وأفريقيا بعلامة “feminak” وتشارك في Africa Health ExCon 2025

                تدخل GOMUNOINAKI CO., LTD. اليابانية أسواق الشرق الأوسط وأفريقيا بعلامة “feminak” وتشارك في Africa Health ExCon 2025

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                  • Algeria

                    Algeria faces hurdles in sourcing milk from Uganda – Pulse Uganda

                    Algeria Embarks on a New Era of Technological Sovereignty: Inauguration of the First National Electronic Chip Laboratory – دزاير توب

                    Algeria Expelled Record of 31,404 Migrants to Niger in 2024 Amid Global Uproar – Morocco World News

                    Algeria set to issue Sukuk for project finance – ZAWYA

                    Strained Relations: France and Algeria’s Diplomatic Woes – Qhubo

                    Algeria Cuts Taxes, Introduces Exemptions to Spur Digital Innovation – We Are Tech

                  • Egypt

                    Egypt Embraces Technology to Modernize Governance and Citizen Engagement – Tech in Africa

                    Egypt: Beltone Investment Banking advises on $180mln financing deal for MAFI – ZAWYA

                    Rambo’s Story: A Window into Animal Dignity and Suffering in Egypt – Egyptian Streets

                    Swiss logistics giant MEDLOG to build new state-of-the-art dry port in Egypt – Economy – Business – Ahram Online

                    Explainer: Towards a cashless future! Exploring e-wallets in Egypt – Tech – Business – Ahram Online

                    Egypt’s net foreign assets decline by $3.25bn in November – Gulf Business

                    Trending Tags

                    • Commentary
                    • Featured
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                    • Editorial
                  • Libya

                    Libya Exhibition for Energy, Electricity and Lighting Technologies – The Libya Observer

                    Libya has around 124,000 Point of Sales machines – needs 200 to 250,000 to solve its liquidity problem: Former senior banker – Libya Herald

                    Libya's oil ambitions face Russian threat amid production boost – MSN

                    Russia is shifting military gear from Syria to Libya after the fall of Assad, Ukraine says – Business Insider

                    France’s Alpha-Cim and FB Technology‎ make a presentation to the Airports Authority – Libya Herald

                    Libyan Foreign Bank announces preliminary 2024 Year-End Results showing US$ 440 million net profits – change of CEO – Libya Herald

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                    • Morocco

                      We work remotely, so we moved from the US to Morocco. We plan to stay for years. – Business Insider

                      Morocco shares higher at close of trade; Moroccan All Shares up 0.23% – Investing.com UK

                      Morocco Jails Activist Over Earthquake Response Remarks – News Central

                      Blockchain Technology Providers: Catalysts for Supply Chain Innovation in Emerging Markets – Morocco World News

                      Spain and Morocco advance new trade framework for Ceuta and Melilla amid local opposition – FreshPlaza.com

                      Moroccan Treasury Raises 700 Million USD in Strong January 2025 Auction – Morocco World News

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                      • South Sudan

                        Royal Palace Hotel rooftop solar, South Sudan – ESI-Africa.com

                        Sudan Lifts Force Majeure on South Sudan's Oil Exports – MarketWatch

                        Turkish aid agency TIKA delivers food aid to 250 children at South Sudan orphanage – Türkiye Today

                        Sudan drops out of hunger-monitor system on eve of famine report – Arab News

                        China donates nearly 1,000 tonnes of emergency food to support vulnerable people in South Sudan – China.org.cn

                        Arab League hopes for immediate halt to fighting in Sudan – China.org.cn

                        Trending Tags

                        • Sudan

                          French military tech found in Sudan, likely violating U.N. arms embargo – Sudan Tribune

                          Sudan – Manufacturing, Textiles, Oil – Britannica

                          South Sudan to Resume Oil Production Following Year-long Halt – Africa.com

                          South Sudan under pressure to disclose oil production deals – The East African

                          French military technology used in Sudan war despite UN arms embargo: Amnesty – News.Az

                          KUNA : Sudan's banknote replacement triggers off economic challenges – Economics – 06/01/2025 – Kuwait News Agency

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                          • Tunisia

                            China's Huawei supports Tunisia's smart education – People's Daily

                            List of Banks in Tunisia – Global Banking And Finance Review

                            Tunisia's ODC tenders for 75,000 tonnes of feed barley for Feb-Mar – AgriCensus

                            Tunisia: 2nd mission to Senegal’s construction and infrastructure fair SENCON – African Manager EN

                            Tunisia has potential to export green technologies – ZAWYA

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                            • North Africa
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                              تدخل GOMUNOINAKI CO., LTD. اليابانية أسواق الشرق الأوسط وأفريقيا بعلامة “feminak” وتشارك في Africa Health ExCon 2025

                              جيتور T1 تدخل السوق المصري وتتعاون مع النادي الأهلي لاستكشاف آفاق جديدة لمفهوم “السفر + الرياضة

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                              As Part of the “AfriSummit 2024” Activities A High-Level Meeting between Uganda and Egypt to Strengthen Pharmaceutical Cooperation and Expand the African Market

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                              ضمن فعاليات “قمة إفريقيا للشؤون التنظيمية 2024” اجتماع رفيع بين أوغندا ومصر لتعزيز التعاون الدوائي وتوسيع السوق الإفريقية

                              ضمن فعاليات “قمة إفريقيا للشؤون التنظيمية 2024” اجتماع رفيع بين أوغندا ومصر لتعزيز التعاون الدوائي وتوسيع السوق الإفريقية

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                              خلال قمّة إفريقيا للشؤون التنظيمية 2024 الهيئات الصحيّة وقادة الصناعة يبحثون أهمّ اللوائح والابتكارات في القطاع الصيدلاني

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                                  Home Press Releases

                                  Augmented Reality and Virtual Reality Market Size for Education Industry Estimated to Reach $22.4 Billion by 2027

                                  admin by admin
                                  March 20, 2022
                                  in Press Releases
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                                  (EMAILWIRE.COM, March 20, 2022 ) The Global Augmented Reality and Virtual Reality Market size for Education Industry is estimated to reach $22.4 billion by 2027, growing at a CAGR 14.6% during the forecast period 2022-2027. Increasing penetration of interactive learning process for effective visualization of subjects by leveraging digital age technologies such as Artificial Intelligence (AI), Machine Learning (ML) is set to drive the market. Growing demand for Augmented Reality & Virtual Reality in corporate training utilizing connected systems such as gesture recognition systems, head-mounted displays, software-defined kits are some of the major factors attributing to the market growth. Furthermore, with the rising integration of embedded electronic components with education infrastructure, the global Augmented Reality & Virtual Reality for education industry has gained a huge traction. The growing convergence of education system and mixed reality platform, accelerating the integration of 3D content in daily learning and teaching process is boosting the market. Rising investment towards education infrastructure to enable a next generation digital learning platform is estimated to foster the growth of Augmented Reality & Virtual Reality Market for Education Industry during 2022-2027.

                                  Augmented Reality & Virtual Reality Market Segment Analysis for Education Industry – By Deployment Model

                                  By deployment model, Augmented Reality & Virtual Reality Market for Education Industry has been segmented into cloud, on-premise model. Cloud segment is estimated to witness the highest growth at a CAGR of 15.5% during the forecast period 2022-2027. As compared to on premise models, cloud based software act as a cost-efficient solution, eliminating requirement of additional infrastructures, attributing to its market growth. Rising adoption of cloud computing or cloud based services in education industries as a part of effective collaboration between students and teachers to improve engagement, feedback as well as assessment from remote locations is also aiding the market growth over time. For instance, in 2019, The Wild Rose school division of Canada, announced about shifting its data storage to Microsoft’s Azure cloud, which in turn has helped in cost reduction up to US$ 12000 per year. In January 2021, DigitalEd and Binary Semantics announced about a Joint Venture, named ‘DigitalEd India’ with an aim to accelerate Digital Learning platform in India. This development was done to offer immersive online learning experience in higher education focusing on science. Technology, engineering & mathematics (STEM) students in India to help reducing the higher education costs, through digital learning platform.

                                  Augmented Reality & Virtual Reality Market Segment Analysis for Education Industry – By End Users

                                  By end users, Augmented Reality & Virtual Reality Market for Education Industry has been segmented into academic and corporate sector. Academic sector dominated the global augmented reality and virtual reality market with a share of 48% in 2021, and is also anticipated to witness a significant growth during the forecast period 2022-2027. Growing investment towards digital education platform is one the major factors driving the growth in this sector. Academic sector is further segmented into K-12, vocational and higher education. Growing acceptance of digital education globally is bolstering the growth of augmented reality and virtual reality with a vision to maximize the technological capabilities in academic sector. The ongoing shift from traditional class to the virtual classroom due to Covid 19 pandemic is contributing towards speedy expansion of the market. Furthermore, beneficiary capabilities of virtual learning environment such as flexible schedule, immersive nature, mobility, personalized learning, and many others are considered to be the some of the prime factors which will further influence the market growth in the long run. As compared to traditional classroom, costs involved in setting up virtual classroom is lower due to eliminating requirement of additional infrastructures, boosting its market growth. In August 2019, Lenovo published a report highlighting the factor that students are 97% more actively engaged while they are equipped with VR environment infrastructure during learning session. In October 2020, Blue Hat announced about providing Augmented Reality immersive classes to 320 preschools in Guangzhou, China for the next three years. This development involved partnership among Blue Hat, Fujian Youth Hand in Hand Educational Technology Co., Ltd and Guangzhou Tongsheng Education Technology Ltd, which is set to create significant growth opportunities for the market between 2022 and 2027.

                                  Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=16347

                                  Report Price: $ 4500 (Single User License)

                                  Augmented Reality & Virtual Reality Market Segment Analysis for Education Industry – By Geography

                                  By geography, Augmented Reality & Virtual Reality Market for Education Industry has been segmented under North America, Europe, APAC, South America and RoW. APAC dominated the global Augmented Reality & Virtual Reality Market for Education Industry acquiring a share of 37% in 2021 and is also set to witness the fastest growth during 2022-2027. Factors like growing shift towards online or digital learning with outbreak of COVID-19 pandemic, investments on improving educational as well as corporate training standards, demand for interactive or personalized based learning experiences and others can be considered vital in driving the market forward in this region. In June 2020, Eon Reality announced to provide AR and VR for 100 academic institutions in Zhenzhou, China as a part of enhancing innovative and learning experiences in China. In October 2021, IIT Madras announced its collaboration with Japanese company Monolith to offer advanced diploma course in virtual reality by 2022. Such initiatives are set to drive the market forward in the coming years.

                                  Augmented Reality & Virtual Reality Market for Education Market Drivers

                                  Increasing penetration of interactive learning platforms to introduce real-time insights in learning experiences is positively impacting the market growth

                                  Increasing penetration of interactive learning platform to introduce real-time insights in learning experiences as a part of fostering student engagement through guided social interaction and so on acts as a major factor driving the market growth towards global Augmented Reality & Virtual Reality Market for Education Industry. The perfect blending of augmented reality and virtual reality as a part of providing a 360o platform, is capable of helping students learn as well as explore beyond the classroom walls, thus reducing opportunity gaps. Recent trend of adopting AR/VR platform in medical education and training, as a part of providing safe as well as effective medical simulations with a vision to teach trainee doctors and paramedics while reducing risk and increasing confidence, is also boosting the market growth overtime. In May 2020, HTC, a telecommunications giant announced about investing €3 million in Immersive VR Education. This investment was done to expand the augmented reality and virtual reality platform with an aim to develop digital educational field across the globe. In November 2021, University of British Columbia Extended Learning announced partnership with Circuit Stream, a global AR/VR learning platform to launch new AR/VR courses while establishing real-world, job-ready skills among students. Such partnerships are set to fuel the market growth in the long run.

                                  Growing demand for interactive and engaging virtual field trips among students drives its market forward

                                  Growing demand for virtual field trips to museums, countries utilizing virtual reality headset while sitting in the classroom or home act as a major driver boosting its market growth. Growth in adoption of virtual trips provides opportunities for students to gain immersive experience about historical events, which in turn contributes towards deeper understanding of the subjects. The mixed reality platform offers guided, multilingual virtual field trips to places including museums, monuments, historical sites, and even outer space, which helps educators to integrate immersive content into their lesson plans at relatively lower costs. Furthermore, with the help of a basic VR headset, such virtual trips also assist in building own immersive spaces as well as personalized virtual experiences. In October 2021, Zebar School for Children, one of the leading schools in Ahmedabad, announced about conducting virtual tours with NASA to arrange virtual field trip programs for students with an aim to create interest in science, space, and astronomy among students. Such factors are analyzed to propel the global Augmented Reality and Virtual Reality Market growth for education industry in the coming time.

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                                  Augmented Reality & Virtual Reality Market for Education Market Challenges

                                  Data security and Privacy concerns associated with weak integration or deployment of augmented reality & virtual reality platforms hinders its market growth

                                  Data security and Privacy concerns associated with weak integration or deployment of augmented reality & virtual reality platforms hinders its market growth. AR & VR applications are used for academic purpose and thus contain potential sensitivities about student data, which needs to be protected as a part of avoiding data breaches and cyber-attacks. Crucial data and information are mostly stored in cloud databases that entertain cybercriminals to involve into illegal activities. Increase in adoption of cloud-based deployment lead to security concerns such as data leak, false data injection or unauthorized access of data and thereby, hampering the adoption. According to RiskBased Security research, in first three quarter of 2020, more than 36 billion data breaches cases has already been exposed. As per RiskIQ research, businesses face a loss of US$ 25 per minute due to data breaches. These factors eventually create an adverse impact on the market growth.

                                  Augmented Reality & Virtual Reality Market for Education Industry Outlook

                                  Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Augmented Reality & Virtual Reality Market for Education Industry. Augmented Reality & Virtual Reality Market for Education Industry top 10 companies include:

                                  zSpace

                                  Samsung Electronics

                                  Microsoft Corporation

                                  Google Inc.

                                  HQSoftware

                                  Cubix

                                  Zco Corporation

                                  Eon Reality Inc.

                                  Facebook Technologies LLC

                                  Varjo Technologies Oy

                                  Acquisitions/Product Launches

                                  In October 2021, Facebook announced the launch of new augmented reality tools to help AR creators. This development includes two programmes consisting of new Spark AR certification program and AR Pro course as a part of Facebook Reality Labs education program to assist advanced and intermediate AR creators in improving their skills.

                                  In October 2021, Varjo, a global leader in AR/VR hardware and software announced about the launch of Varjo Aero, newest virtual reality device for medical, healthcare and education industries. This development was done to engage effectively in real-time training sessions in order to nurture better understanding of the subject.

                                  In March 2020, Eon Reality launched new AR and VR packages for industrial, government and educational sector. The new packages such as Remote Classroom 3.0 and Remote Industry 4.0 are developed to bring immersive and interactive experiences during remote lessons sessions.

                                  Key Takeaways

                                  Cloud deployment is analyzed to witness the highest growth in the global Augmented Reality & Virtual Reality Market for Education Industry during 2022-2027, owing to varied advantages including cost efficiency, shift towards cloud based learning platforms and others.

                                  APAC Augmented Reality & Virtual Reality Market for Education Industry held the largest share in 2021, attributing to factors like growing shift towards online or digital learning amidst COVID-19 pandemic, as well as investment or initiatives for improving educational as well as corporate training standards.

                                  Increasing penetration of interactive learning platforms to introduce real-time insights in learning experiences along with growing demand for interactive and engaging virtual field trips among students are analyzed to significantly drive the global Augmented Reality & Virtual Reality Market for Education Industry during the forecast period 2022-2027.

                                  Relevant Report Titles:

                                  Augmented and Virtual Reality Market

                                  https://www.industryarc.com/Report/18375/augmented-virtual-reality-market-research-report-analysis.html

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                                  About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



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