2024 Global Market Analysis for K-12 Educational Learning Management Systems

"The Business Research Company recently released a comprehensive report on the Global K-12 Education Learning Management Systems Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The K-12 education learning management systems market size has grown strongly in recent years. It will grow from $1.12 billion in 2023 to $1.19 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to a shift towards blended learning models, the need for remote learning solutions, parental engagement and communication, and integration with curriculum standards.

The K-12 education learning management systems market size is expected to see strong growth in the next few years. It will grow to $1.54 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increasing demand for personalized learning, government initiatives for digital education, focus on inclusive education practices, and focus on social and emotional learning. Major trends in the forecast period include a focus on competency-based learning, the rise of microlearning and bite-sized content, enhanced parental engagement features, and personalized assessment and feedback.

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Market Drivers and Trends:

Increased demand for online learning is expected to propel the growth of the K-12 education learning management systems market going forward. Online learning refers to a method of education where students learn in a fully virtual environment, utilizing the internet and various digital tools to engage with academic content and interact with instructors and peers remotely. The demand for online learning is increasing due to its flexibility, accessibility, affordability, and technological advancements. K-12 Education Learning Management Systems are essential for online learning, offering a centralized platform for content delivery, collaboration, assessment, and data analysis, which enhances the quality and effectiveness of education for K-12 students. For instance, in January 2022, according to the World Economic Forum, a Switzerland-based non-governmental organization, enrollment in Coursera's online courses, a US-based open online course provider, surged from 71 million in 2020 to 92 million in 2021, marking a substantial increase. Therefore, increased demand for online learning is driving the growth of the K-12 education learning management systems market.

Major companies operating in the K-12 education learning management systems market are focusing on developing innovative technologies, such as supply chain solutions and platforms for K-12 schools, to enhance their offerings and provide comprehensive education solutions to K-12 schools. The supply chain solution and platform for K-12 schools refer to a computerized asset management platform that helps schools manage their facilities and equipment efficiently. For instance, in June 2021, Arvind Mafatlal Group, an India-based information technology company, launched an integrated supply chain solution and platform for K12 (kindergarten to 12th grade) schools with the aim of providing schools with a one-stop solution to integrate all their requirements for effective education services for K12 students. Uniform Junction aims to provide the widest and most comprehensive range of school products, as well as academic and non-academic courses, to empower schools to be future-ready. The platform will offer thousands of courses covering both academic and non-academic curriculum, with a focus on holistic student development through courses on mental health, physical wellness, sports, soft skills, and others.

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Major Key Players of the Market:

Alphabet Inc., Microsoft Corporation, Adobe Inc., Pearson plc, McGraw-Hill Global Education Holdings LLC, Blackboard Inc., PowerSchool Group LLC, NetDragon Websoft Holdings Limited, Instructure Global Inc., Desire2Learn Incorporated, The Learning House Inc., Schoox LLC, Schoology, ManageBac Inc., Moodle Pty Ltd, Alma Technologies Inc., Epignosis LLC, Otus K-12 Inc., ConexED Inc., Cypher Learning Inc., Trimeritus e-Learning Solutions, Apereo Foundation, Itslearning AS, Versal Group Inc., LearnDash

K-12 Education Learning Management Systems Market 2024 Key Insights:

• The K-12 education learning management systems market size is expected to see strong growth in the next few years. It will grow to $1.54 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
• Rising Demand For Online Learning Boosts The K-12 Education Learning Management Systems Market
• Increasing Focus On Launching Integrated Supply Chain Solution And Platform For K-12 Schools
• North America was the largest region in the K-12 education learning management systems market in 2023

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