Online K12 Education Market Size to Grow USD 12930 Million by 2028 | Valuates Reports

Online K12 Education Market

The global Online K-12 Education market size is projected to reach USD 12930 Million by 2028, from USD 7984 Million in 2021, at a CAGR of 8.3% during 2022-2028. Key drivers of the online K12 education market include the variety offered by online education in terms of optimization, online curriculum and on demand content. Further government authorities are promoting online k12 learning all across the world.

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Trends Influencing the Global Online K12 Education Market

Benefits of online education and government support

Online education allows for optimization of content so that each and every student can learn at their own pace and time from top notch educators. This gives charge to each learner to handle their own learning curve. Further, educational institutions are developing virtual curriculum to provide variety to the students' study resources online. The preference for on demand content and government push towards online learning programs for better results are all contributing to the growth. Thus benefits of online education and increasing government support will drive the growth of the online k12 education market during the forecast period.

Artificial intelligence(AI) , Open Educational Resources(OER) and growing investments by educational institutes

Artificial intelligence plays a big role in the virtual education space. AI algorithms can provide personalized content based on student profile, performance and active behavior. It can also create valuable content in the form of quizzes, tests, videos for tracking progress. Further printed textbooks and other study materials are getting costly. Open Educational Resources(OER) has the capability to replace traditional textbooks as they are affordable and compact. OER is gradually being adopted by faculty and students alike. Moreover institutions are investing in online learning programs because they are easy to set up, no additional costs required, flexible and increases student engagement. Thus all the above factors will aid in the growth of the online k12 education market during the forecast period.

Rise of gamification and potential to reduce absenteeism

Gamification enhances the entire learning process. Scorecards, leaderboards and batches increase motivation, student engagement and cognitive abilities. Games in online learning creates a conducive environment for active student participation. Further students who live far away from their school are unable to attend classes leading to a rise in absenteeism especially in rural areas. Therefore government organizations and schools are working together to eliminate the issue through online learning. Thus gamification and potential to solve absenteeism will lead to widespread adoption ultimately accelerating the growth of the online k12 education market in the future.

Widespread acceptance among parents, teachers and students

Parents are accepting online learning platforms as it is cheap, can be customized and provides competency based learning to students. Teachers find it convenient, easy and leads to savings of time along with better work life balance. Students on the other hand can easily finish the study materal outside class through online learning and can utilize extra time inside class to solve doubts and increase participation in other activities. Thus the widespread acceptance among parents, students and teachers will drive the growth of the online K12 education market in the coming years.

Online K12 Education Market Share Analysis

The major players in global Gum Arabic (E414) market include K12 Inc, Pearson, New Oriental Education & Technology, etc., and the market concentration rate is low. North America and Europe are main markets, they occupy about 40% of the global market. Elementary education(Grades 1-5) is the main type, with a share about 45%. Student is the main application.

Based on region, Asia is expected to create lucrative opportunities for growth in the online k12 education market share during the forecast period as k12 learning curriculum is shifting online drastically in the region. The major countries contributing to the growth are India, China and Malaysia.

By Type
• Elementary education(Grades 1-5)
• Junior high education(Grades 6-8)
• Senior high education(Grades 9-12)

By Application
• Teacher
• Student
• Parents
By Platform
• Gamification
• Mobile
• Tablet
• Laptops/Chrome Books
• Others

Key Players
• K12 Inc
• Pearson
• White Hat Management
• Georg von Holtzbrinck GmbH & Co.K
• Bettermarks
• Scoyo
• Languagenut
• Beness Holding, Inc
• New Oriental Education & Technology
• XUEDA
• XRS
• AMBO
• CDEL
• Ifdoo
• YINGDING
• YY Inc.

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