K12 Education Technology Global Market Report 2024 - By Size, Share, Growth, Trends, Forecast To 2033

"The new report published by The Business Research Company, titled ""K12 Education Technology 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 K12 education technology market size has grown exponentially in recent years. It will grow from $20.02 billion in 2023 to $25.60 billion in 2024 at a compound annual growth rate (CAGR) of 27.9%. The K12 education technology market size is expected to see exponential growth in the next few years. It will grow to $68.77 billion in 2028 at a compound annual growth rate (CAGR) of 28.0%.

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Government Initiatives In Education To Propel Growth In K-12 Education Technology Market
The involvement of the government in enhancing the education system is expected to propel the growth of the K-12 education technology market going forward. The educational system refers to the framework and structure comprising institutions, policies, and practices designed to facilitate learning and development within a society. The rising government involvement in the education system reflects a growing recognition of education's crucial role in national development, economic competitiveness, and social equity. The government's involvement in K-12 educational technology aims to ensure equitable access, promote innovation, and enhance digital literacy among students nationwide. For instance, in December 2023, according to GOV.UK, a UK-based public sector information website, the amount of money schools receive for each primary student who needs extra help will go up to $1,881, and for each secondary student, it will be $135 in the years 2024-25. This is 10% higher than in 2021-22. In total, schools will get more than $3.69 billion to help students in disadvantaged areas do better in school. Therefore, the involvement of the government in enhancing the education system is driving the growth of the K-12 education technology market.

Innovative Technology Platforms For K-12 International Schools
Major companies operating in the K-12 education technology market are focusing on innovative advancements, such as educational technology platforms, to better serve customers. An educational technology platform refers to a digital solution or software designed to enhance teaching and learning experiences for K-12 students and educators in primary and secondary schools. For instance, in July 2021, Athena Global Technologies, an India-based provider of software applications, launched Tutoroot, an educational technology platform and training services for K-12 students. Tutoroot provides personalized learning and one-on-one tuition classes for students from grades 8 to 12. It offers a range of services, including live classes with expert tutors, flexible scheduling, and regular assessments to track student progress. It focuses on providing a holistic learning experience, covering various subjects such as mathematics, physics, chemistry, and biological sciences.

The k12 education technology market covered in this report is segmented -
1) By Type: Hardware, Solution, Software, Support, Learning Content Management Systems (LCMS), Learning Management Systems (LMS), Learning Content Development Systems (LCDS), Assessment Systems, Student Response Systems (SRS), Other Types
2) By Technology: Educational Gaming, Educational Analytics, Educational Enterprise Resource Planning (ERP), Educational Security, Educational Dashboard
3) By Applications: Online, Offline
4) By Downstream Industry: Pre-Primary School, Primary School, Middle School, High School

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Major companies operating in the K12 education technology market are Apple Inc., Google LLC, Samsung Electronics Co Ltd, Microsoft Corporation, International Business Machines (IBM) Corporation, Pearson plc, TAL Education Group, VIPKID, Sanoma, BlackBoard, BYJU'S, PowerSchool, Acro Platform Ltd, Chungdahm Learning, Tata Class Edge, Learnosity, Illuminate Education, iTutorGroup, Educomp Solutions Limited (ESL), Kroton Educacional SA, D2L Corporation, Toppr

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

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