K12 Education Technology market is projected to reach US$ 71820 million by 2028 from an estimated US$ 18830 million in 2022, at a CAGR of 25.0% - Valuates reports

K12 Education Technology market is projected to reach US$ 71820 million by 2028 from an estimated US$ 18830 million in 2022, at a CAGR of 25.0% during 2023 and 2028. Key drivers of the K12 education technology market include the growing adoption of education technology( Edtech tools) in both academic and non-academic sectors.

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Additionally, it is anticipated that there will be plenty of potential for the expansion of the K12 technology education industry due to the proliferation of smart devices, easy access to the internet, and the emergence of AR and VR for a more participatory education curriculum. Additionally, growing knowledge of the advantages of technology integration is anticipated to fuel the market's expansion.

Trends Influencing the Growth of K12 Education Technology Market
Both academic and non-academic areas of educational institutions are adopting advanced technology to increase operational effectiveness, manage student enrolment, and provide customized courses that are appropriate for each student. Customer service, student inquiry management, enrollment, and other operations are made easier for institutions by software like CRM (customer relationship management) and LMS systems. Technology for sales automation is being incorporated into edtech platforms to help analyze massive amounts of data for effective customer support. Thus, the use of education technology in both academic and non-academic contexts, such as business contexts, is fueling the expansion of the K12 education technology market during the course of the projected period.

Smartphones, tablets, and other smart devices with internet connectivity have all increased dramatically. Additionally, interactive learning apps for students have been created with the rise of augmented reality (AR) and virtual reality (VR). Additionally, learning has become simple, scalable, and flexible thanks to new learning strategies like gamification and interactive classrooms. Therefore, over the projected period, the proliferation of smart devices and modifications to learning systems employing AR and VR will present an attractive potential for the growth of the K12 education technology market.

Globally, edtech solutions are becoming more and more popular as parents look for new ways to engage their children in the classroom. Additionally, the incorporation of technology provides educational institutions with numerous advantages such as cost-effective spending, automation of the student recruiting process, and connectivity between individuals, teams, and software for complete student lifecycle management. On the other hand, innovative and adaptable learning strategies like gamification encourage student interaction, which enhances their capacity for learning as a whole. The K12 education technology market will develop in the future years as a result of rising knowledge of technology's many advantages.

K12 Education Technology Market Share Analysis

Due to increased investments by venture capitalists and private equity investors as well as the emergence of businesses with bigger sales and significant investments, North America is predicted to offer profitable chances for expansion in the K12 education technology market share. The Asia-Pacific region is anticipated to expand the fastest over the projection period, however, as a result of expanding internet connectivity alternatives in developing nations like India, a rise in computing, and widespread adoption of smart devices.

K12 Education Technology Market Segments

By Type
LMS
LCMS
LCDS
SRS

By Assessment Systems
Collaboration Systems
by Technology

By Educational Analytics
Educational Gaming
Educational ERP
Educational Dashboard
Educational Security

By Application
Online
Offline

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