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STEM Education In K-12 Market Strategies 2024-2033 | Size, Insights, Outlook
STEM Education In K-12 Market
As per the report, the STEM education market size has grown rapidly in recent years. It will grow from $38.67 billion in 2023 to $44.13 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The STEM education market size is expected to see rapid growth in the next few years. It will grow to $75.55 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%.
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Fueling Growth The Intersecting Forces Of Online Education And Digital Language Learning
The rising demand for online education is expected to propel stem education in K-12 market going forward. Online education refers to the process of delivering educational content and instruction via the internet. The demand for online education is rising because of its flexibility, accessibility, and quality of remote learning options, driven by technological advancements and evolving learning needs. STEM education often involves using interactive tools and technologies, such as virtual labs, simulations, and coding platforms that make online learning more engaging and hands-on, helping students understand complex concepts through practical application and experimentation. For instance, in January 2022, according to the World Economic Forum, a Switzerland-based non-governmental organization, online education enrollment figures surged in 2020, more than doubling, and then experienced another substantial increase of 32% the subsequent year, reaching a peak of 189 million in 2021. Therefore, the rising demand for online education is driving the growth of stem education in the K-12 market.
Next Education Has Launched Two Latest Programs Next STEM And Next English To Empower Students With The Latest Skills
Major companies operating in STEM education in K-12 market are developing innovative solutions such as, Next STEM and Next English offerings better to prepare them for the demands of the modern workforce. Next STEM and Next English programs aim to provide students with a comprehensive and integrated learning experience that combines technology with interactive tools and advanced assessment systems. For instance, in April 2024, Next Education, an India-based company that offers STEM education, launched Next STEM and Next English, software programs to empower students with the latest skills. These innovative software programs aim to deliver comprehensive learning experiences, nurturing vital 21st-century skills and enabling students to excel in an interconnected, technology-driven world. Next STEM is an integrated Science, technology, engineering, and Math (STEM) learning platform that focuses on hands-on activities, simulations, and interactive tools to engage students in learning. Next English is an all-round English learning solution that integrates technology through digital content, advanced assessment systems, and interactive tools. This program aims to redefine English language learning by providing students with a comprehensive and interactive learning experience.
The STEM education in k-12 market covered in this report is segmented -
1) By Type: Customized Live Courses, Standard Recorded Courses, Other Types
2) By Delivery Mode: Online, Offline
3) By Application : Elementary School (K-5), Middle School (6-8), High School (9-12)
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Major companies operating in the stem education in K-12 market are Amazon Web Services Inc., Adobe Inc., Stride Inc., Scholastic Inc., K-12 Inc., Cengage Inc., Houghton Mifflin Harcourt, McGraw-Hill Education, School Specialty, D2L corporation, Hurix Systems Pvt. Ltd., Meritnation, Outschool Inc, EduCo International Group, zSpace, Kendall Hunt Publishing Company, PASCO Scientifc, Freeman and Worth Publishing Group LLC, Sphero inc., Istation, Mathspace Pty Ltd., Lab-Aids Inc., Wonder Workshop Inc., International School of London, Innova STEM Education
Contents of the report:
1. Executive Summary
2. STEM Education In K-12 Market Report Structure
3. STEM Education In K-12 Market Trends And Strategies
4. STEM Education In K-12 Market - Macro Economic Scenario
5. STEM Education In K-12 Market Size And Growth
…..
27. STEM Education In K-12 Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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