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Global K-12 International Schools Market Outlook 2024: Trends, Growth, and Opportunities
K-12 International Schools Market Outlook
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According to The Business Research Company's, The K-12 international schools market size has grown strongly in recent years. It will grow from $ 55.37 billion in 2023 to $59.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to the rise in globalization, rapid economic growth, increased mobility, the rise of the middle class, and the desire for an internationally recognized curriculum.
The K-12 international schools market size is expected to see strong growth in the next few years. It will grow to $77.60 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to the presence and movement of expatriates, the desire for proficiency in global languages, growing demand for international education, supportive government policies, and increasing integration of social-emotional learning (SEL) into their curriculum. Major trends in the forecast period include advances in technology, innovative teaching methods, technology integration, emphasis on sustainability, and enhanced learning experience.
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Market Drivers and Trends:
The rising demand for online education is expected to propel the K-12 makerspace materials market going forward. Online education refers to delivering educational content and instruction via the internet. The demand for online education is rising due to its flexibility, accessibility, and quality of remote learning options, driven by technological advancements and evolving learning needs. The makerspace materials complement online education by providing students with hands-on learning opportunities, fostering creativity and innovation, promoting collaboration, and preparing them for success in an increasingly digital and technology-driven world. For instance, in January 2022, according to the World Economic Forum, a Switzerland-based non-governmental organization, online education enrollment 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 drives the growth of the -12 makerspace materials market.
Major companies operating in the K-12 international school market are focused on developing new curriculum, such as the American curriculum, to better serve customers. The American curriculum refers to an educational framework based on the standards and guidelines established by the United States education system that provide a comprehensive and holistic education for students from kindergarten through 12th grade. For instance, in December 2021, Britus Education, a Bahrain-based education investment platform, launched Al Olaya, an international school in Saudi Arabia. This is a K-12 school that follows the American curriculum and initially caters to boys from grades 4 to 12, with plans for further expansion to accommodate over 2,000 students. This launch aligns with Saudi Vision 2030's focus on education and underscores Britus' commitment to providing high-quality international-standard learning opportunities.
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Major Key Players of the Market:
GEMS Education, Maple Leaf Educational Systems, Nord Anglia Education, SABIS, Cognita Schools, ACS International Schools, Dulwich College International, Dwight School, Shrewsbury International School, Braeburn Schools, Yew Chung Education Foundation, American School of The Hague, International School of Los Angeles, Ermitage International School, Wellington College, Yago School, Dallas International School, American Overseas School of Rome, BEPS International School, St. Stephen's School Rome, Esol Education, Harrow International School, Oasis International Schools, Fairfax Christian School, Lyceum Alpinum Zuoz
K-12 International Schools Market 2024 Key Insights:
• The K-12 international schools market size is expected to see strong growth in the next few years. It will grow to $77.60 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
• Rising Demand For International Schools Fuels Growth In The K-12 Market
• Curriculum Development For K-12 International Schools
• North America was the largest region in the K-12 international schools market in 2023
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