Press release
K-12 Education Market Size, Status and Precise: McGraw-Hill Education, Pearson Education Inc., Cengage Learning India Pvt. Ltd., K12 Inc., Blackboard
The K-12 Education market is a comprehensive market research report which provides market analysis with a historical & futuristic perspective for the following parameters; market size, revenue, demand, and supply data (as applicable). The report offers a detailed market analysis to provide a 360-degree research study on the global K-12 Education market. Some of the tools used for this are SWOT, PESTEL, and Porter's 5-forces analysis frameworks. The report includes detailed information on the key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmaps, value chains, player profiles, and strategies. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for K-12 Education from 2021 till 2026.K-12 Education Market is expected to grow at a CAGR of 10.5% during the forecast period 2020 to 2025.
Top leading Manufacturers Profiled in K-12 Education Market Report are: McGraw-Hill Education, Pearson Education Inc., Cengage Learning India Pvt. Ltd., K12 Inc., Blackboard Inc., Tata Class Edge, Educomp Solutions, Next Education India Pvt. Ltd., Adobe Systems, TAL Education Group
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Market Overview
- The increasing job opportunities in science, technology, engineering, and mathematics (STEM) fields have boosted the demand for STEM education. Students who successfully score high grades in competitive examinations are eligible for admission into higher educational institutions. Hence, parents, students, and various stakeholders are placing greater emphasis on basic STEM education in schools across the world.
- Factors such as technological advances and the rising use of Big Data have increased the popularity of learning analytics in the educational industry. The adoption of learning analytics helps educational institutions to offer a personalized form of learning. Moreover, robots can also help children that are homeschooled or teach in areas where human experts are short in supply. For instance, English-speaking robots were introduced to some 500 Japanese classrooms in 2019 to serve this purpose. In South Korea, a robot, Robosem, is teaching English where certified English teachers are rare.
- Governments initiatives to improve the quality of education at the K-12 level across the world is expected to drive the market growth. For instance, Saudi Arabia is its "Vision 2030" aim to increase the share of private education to 25% by 2030. In order to achieve that, the government also allowed 100% foreign business ownership in 2017, to gradually ease the ownership restrictions on foreign firms, which were previously required to set up joint ventures with local partners. This will attract global private K-12 providers in the country.
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Regional Analysis
For a comprehensive understanding of market dynamics, the global K-12 Education market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.
Asia-Pacific to Have Significant Market Share
- In the Asia-Pacific region, the K-12 education market is growing at a fast rate owing to the adoption of online learning by millions of learners. Several countries are putting their entire K-12 curriculum online. The growth is driven mainly by countries like China, India, Indonesia, Malaysia, among others.
- The growing demand for test preparation and standardization of competitive tests are a few of the factors contributing to the K-12 education market growth in this region. The rising competition in STEM competitive examinations will also boost the demand for the K-12 education market.
- Moreover, various government initiative by many countries in the region is expected to drive the market during the forecast period. For instance, the government of India plans to establish the Atal Tinkering Laboratories (ATL) in schools across the country with an aim to foster creativity, curiosity, and imagination in young children. It will also help children in inculcating skills such as computational thinking, design mindset, adaptive learning, physical computing, etc.
News and Updates
- May 2020 - K12 Inc. has provided more than 150,000 students, families, and teachers in the US with access to free educational and instructional tools and resources during the coronavirus pandemic. Despite nationwide school closures, the company is helping students and teachers get back to school this academic year.
- March 2020 - In view of the coronavirus scare, Indian ed-tech major BYJU'S announced to provide free access to its complete app to school students till April. The company registered an immediate three times increase in the number of users. As many as six million new students joined the platform in March alone.
What is the Impact of Covid-19 Outbreak on the K-12 Education?
- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global K-12 Education.
- K-12 Education Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.
Frequently Asked Questions about the K-12 Education market:
- What are the recent developments and government policies?
- What are the top trends in the K-12 Education market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the K-12 Education market?
- Which region would offer high growth for vendors in the market?
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The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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