An Analysis of K-12 Education Market Size, Share, and Future Growth for Top Industry Players 2023-2030

Market Overview:
K12 (spoken as "k twelve", "k through twelve", or "k to twelve") refers to the education received by students from different stages, normally from kindergarten to 12th grade, indicating the sum of primary and secondary education. When the epidemic first broke out, the COVID-19 epidemic severely affected the global K-12 education industry. According to data released by the United Nations, on March 23, 2020, 1.3 billion learners worldwide were unable to attend school. This is mainly due to the highly contagious nature of COVID -19, schools where people gather become a place with high risk. According to data, the incubation period of the new coronavirus that caused this epidemic is about 7-14 days. , Most areas were forced to suspend work and school. In China, students who should have returned to campus are forced to participate in online education to prevent the entire teaching schedule from being suspended. And due to the explossive number of users during the epidemic, DingTalks system has once collapsed because of excessive use.In the early days of the epidemic, public and private schools faced a series of problems. Teachers and students were weak in class, enrollment plans were interrupted, and offline courses were completely stalled. The global K-12 education industry has suffered a severe blow. However, in order not to reduce the teaching schedule, online K-12 education is widely used in teaching, and schools have begun to learn the huge potential of online K-12 education. The development of online K-12 education has restored some losses to the entire K-12 education industry. Basic STEM education promotes the development of the K-12 education industry In the farming era, the understanding of education stays at the primary level of listening, speaking, reading, and writing. Only a small number of the wealthy and powerful classes can receive a good education, which limits the development of social productivity. Today, in order to promote productivity and maximize the use of natural resources to develop a modern civilized society, the demand for talents is unprecedented. Among them, increasing job opportunities in the fields of science, technology, engineering, and mathematics (STEM) are driving the demand for STEM education. Students who score high in competitive examinations are eligible to enter higher education institutions. Therefore, parents, students and various stakeholders are paying more and more attention to basic STEM education in schools around the world. As an important part of K-12 education, basic STEM education has contributed a lot to the development of the K-12 education industry.Fierce Competition The industry is highly competitive. The current market concentration in this industry is low, which means that there are already many schools in operation and schools are striving to gain more market share. Schools may compete in terms of hardware facilities, teaching capabilities, class size, student experience and feedback. Schools that have built a reputation, have a mature teaching team and fully understand the needs of parents and students may be less affected. If new participants do not have certain practical experience, sufficient funds and a mature team, it is difficult to maintain a solid position in the market.

K-12 Education market reached a value of USD 2516720.25 million in 2022. It's expected that the market will achieve USD 3330468.33 million by 2028, exhibiting a CAGR of 4.78% during the forecast period.

A thorough understanding of the Analytics sector and its commercial potential is the aim of the market study. The K-12 Education Market Report has 111 pages and has a detailed table of contents, a list of data, tables, and charts, along with an in-depth analysis.

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Market Segmentation:
Leading Players in the K-12 Education Industry:
Nord Anglia Education
Cognita
TAL
Xueda
New Oriental
Maple Leaf Educational Systems
McGraw Hill
PowerSchool
GEMS Education
K12

To preserve their position, these big corporations relied on primary growth tactics such as product portfolio expansion, current trends, financing, mergers and acquisitions, partnerships, new product invention, and geographical development.

Based on Type:
Public K-12 Education
Private K-12 Education
Online K-12 Education

Based on Application:
Pre-primary School
Primary School
Middle School
High School

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Key Factors Considered:
COVID-19 - Amid the COVID-19 crisis, the K-12 Education market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research. The epidemic is still causing tremendous disruption in industries throughout the world. We've been tracking the direct and indirect consequences of the COVID-19 outbreak on the K-12 Education market. To Know How Covid-19 Pandemic will Impact this Industry - https://www.precisionreports.co/enquiry/request-covid19/22903524

Regional Conflict / Russia-Ukraine War - The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it's going to evolve in the years to come.

Challenges & Opportunities - Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

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Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today's businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Precision Reports is the credible source for gaining the market reports that will provide you with the lead your business needs.

This release was published on openPR.