Press release
K-12 IT Infrastructure Spending Market: The global market is expected to grow at a CAGR of 14.5% during the forecasted period
As per the study initiated by Evolve Business Intelligence, the global K-12 IT Infrastructure Spending Market size accounted for USD 4.5 Billion in 2022, growing at a CAGR of 14.5% from 2023 to 2033. The K-12 IT Infrastructure Spending Market refers to the financial activities and investments associated with Information Technology (IT) infrastructure within the Kindergarten through 12th grade (K-12) education sector. In this context, IT infrastructure encompasses the hardware, software, networks, and related technologies that support and facilitate educational processes in schools serving students from kindergarten through twelfth grade.The K-12 IT Infrastructure Spending Market is influenced by factors such as advancements in educational technology, government initiatives, the need for digital learning resources, and the increasing importance of preparing students for a technology-driven future. Schools and educational institutions allocate budgets to keep their IT infrastructure up-to-date, secure, and aligned with the evolving needs of modern education.
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Key Highlights:
• The global K-12 IT Infrastructure Spending Market size was valued at USD 4.5 billion in 2022 growing at a CAGR of 14.5% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global K-12 IT Infrastructure Spending Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..
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Key Players
Some of the major K-12 IT Infrastructure Spending Market players holding high market shares include Cisco Systems Inc, Ellucian Company, Saba Software Inc and Extramarks Education Pvt. Ltd. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Adobe Systems Incorporated
• Blackboard Inc
• Cisco Systems Inc
• Ellucian Company
• Saba Software Inc
• Extramarks Education Pvt. Ltd
• NIIT Ltd
• Scholastic Corporation
• Smart Technologies Inc
Segmental Analysis
Market Segment By Type
• Hardware
• Software
• IT Services
Market Segment By Application
• Primary School
• Middle School
• High School
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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and dataforecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making
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Evolve Business Intelligence
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India
Email: sales@evolvebi.com
Website: https://evolvebi.com/
About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.
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