K12 Education Market Statistics | Industry Forecast - 2033

The new report published by The Business Research Company, titled ""K12 Education Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the K-12 education market size has grown rapidly in recent years. It will grow from $114.57 billion in 2023 to $130.6 billion in 2024 at a compound annual growth rate (CAGR) of 14%. The K-12 education market size is expected to see rapid growth in the next few years. It will grow to $221.46 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%.

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Online Learning Revolutionizing K-12 Education Market
The growing popularity of online learning is expected to propel the growth of the K-12 education market going forward. Online learning is a method of education that takes place over the Internet and allows students to access educational materials and participate in learning activities remotely without being physically present in a traditional classroom setting. With the proliferation of high-speed internet access and the ubiquity of digital devices, online learning platforms have become increasingly popular in K-12 education. Online learning for K-12 education offers a flexible and accessible educational option that complements traditional classroom instruction, providing students with diverse learning opportunities tailored to their needs. For instance, in January 2024, according to Eurostat, a Luxembourg-based government agency, in 2023, the percentage of EU users engaging in online education and accessing courses or materials increased by 2 points to reach 30%, up from 28% in 2022. Therefore, the growing popularity of online learning is driving the growth of the K-12 education market.

Adoption Of Virtual Education Platforms In K-12 Education
Major K-12 education market companies are adopting personalized learning technologies such as virtual education platforms to enhance individualized instruction and improve student engagement and outcomes. Virtual K-12 education platforms are online tools that facilitate remote learning by providing digital resources, interactive lessons, and communication tools for students, teachers, and parents. For instance, in July 2021, Athena Global Technologies, an India-based software application development, testing, and digital transformation solutions and services provider, launched ""Tutoroot,"" an educational technology platform and training services for K-12 students. Additionally, it offers a free certificate program on virtual teaching for teachers as a corporate social responsibility (CSR) initiative. The platform aims to equip teachers with the necessary skills to transition to online teaching through its ""Train the Teacher"" program. This 12-session program includes hands-on projects and online tests to ensure teachers achieve a minimum of 100% in technical skills, 80% in presentation skills, and 90% in online presence quality to receive certification.

The k12 education market covered in this report is segmented -

1) By Type: Public K-12 Education, Private K-12 Education, Online K-12 Education
2) By Curriculum: Core Curriculum, Advanced Placement, International Baccalaureate, Vocational Education
3) By Spend Analysis: Hardware, Software, Other Spend Analysis
4) By Deployment Mode: Cloud, On-Premise
5) By Application: Pre-Primary School, Primary School, Middle School, High School

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Major companies operating in the K12 education market are Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Technologies Inc., Amazon Web Services (AWS), International Business Machines Corporation (IBM), Oracle Corporation, Adobe Inc., Pearson plc, McGraw-Hill Education Inc., Stride Inc. ( K12 Inc.), Cengage Learning Inc. (Cengage Group), TAL Education Group, Blackboard Inc., Coursera Inc., SMART Technologies ULC, D2L Corporation, Finalsite LLC, Tata ClassEdge, Clever Inc., Bettermarks GmbH, Minerva Project Inc.

Contents of the report:
1. Executive Summary
2. K12 Education Market Report Structure
3. K12 Education Market Trends And Strategies
4. K12 Education Market - Macro Economic Scenario
5. K12 Education Market Size And Growth
…..
27. K12 Education Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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