The k12 education from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
K12 Education Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The K–12 education market size has grown rapidly in recent years. It will grow from $114.57 billion in 2023 to $130.6 billion in 2024 at a compound annual growth rate (CAGR) of 14%. The growth in the historic period can be attributed to increases in government funding, standardized testing and accountability measures, rise of technology-driven learning, rise in income, increase in adoption of software tool-based education .
The K–12 education market size is expected to see rapid growth in the next few years. It will grow to $221.46 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to increasing use of learning analytics in the educational sector, increasing demand for quality education, increasing global population and the rapid expansion, increasing use of digital system, growing incorporation of technological systems. Major trends in the forecast period include e-learning platforms, hybrid and blended learning models, technological advancements, evolving educational philosophies, and a growing emphasis on equity and student well-being.
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Scope Of K12 Education Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
K12 Education Market Overview
Market Drivers –
The growing popularity of online learning is expected to propel the growth of the K–12 education market going forward. Online learning is a method of education that takes place over the Internet and allows students to access educational materials and participate in learning activities remotely without being physically present in a traditional classroom setting. With the proliferation of high-speed internet access and the ubiquity of digital devices, online learning platforms have become increasingly popular in K–12 education. Online learning for K–12 education offers a flexible and accessible educational option that complements traditional classroom instruction, providing students with diverse learning opportunities tailored to their needs. For instance, in January 2024, according to Eurostat, a Luxembourg-based government agency, in 2023, the percentage of EU users engaging in online education and accessing courses or materials increased by 2 points to reach 30%, up from 28% in 2022. Therefore, the growing popularity of online learning is driving the growth of the K–12 education market.
Market Trends –
Major K–12 education market companies are adopting personalized learning technologies such as virtual education platforms to enhance individualized instruction and improve student engagement and outcomes. Virtual K–12 education platforms are online tools that facilitate remote learning by providing digital resources, interactive lessons, and communication tools for students, teachers, and parents. For instance, in July 2021, Athena Global Technologies, an India-based software application development, testing, and digital transformation solutions and services provider, launched “Tutoroot,” an educational technology platform and training services for K–12 students. Additionally, it offers a free certificate program on virtual teaching for teachers as a corporate social responsibility (CSR) initiative. The platform aims to equip teachers with the necessary skills to transition to online teaching through its “Train the Teacher” program. This 12-session program includes hands-on projects and online tests to ensure teachers achieve a minimum of 100% in technical skills, 80% in presentation skills, and 90% in online presence quality to receive certification.
The k12 education market covered in this report is segmented –
1) By Type: Public K-12 Education, Private K-12 Education, Online K-12 Education
2) By Curriculum: Core Curriculum, Advanced Placement, International Baccalaureate, Vocational Education
3) By Spend Analysis: Hardware, Software, Other Spend Analysis
4) By Deployment Mode: Cloud, On-Premise
5) By Application: Pre-Primary School, Primary School, Middle School, High School
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Regional Insights –
North America was the largest region in the K-12 education market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the K12 education market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the K12 education market are Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Technologies Inc., Amazon Web Services (AWS), International Business Machines Corporation (IBM), Oracle Corporation, Adobe Inc., Pearson plc, McGraw-Hill Education Inc., Stride Inc. ( K12 Inc.), Cengage Learning Inc. (Cengage Group), TAL Education Group, Blackboard Inc., Coursera Inc., SMART Technologies ULC, D2L Corporation, Finalsite LLC, Tata ClassEdge, Clever Inc., Bettermarks GmbH, Minerva Project Inc.
Table of Contents
1. Executive Summary
2. K12 Education Market Characteristics
3. K12 Education Market Trends And Strategies
4. K12 Education Market – Macro Economic Scenario
5. Global K12 Education Market Size and Growth
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32. Global K12 Education Market Competitive Benchmarking
33. Global K12 Education Market Competitive Dashboard
34. Key Mergers And Acquisitions In The K12 Education Market
35. K12 Education Market Future Outlook and Potential Analysis
36. Appendix
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