K-12 Instruction Material Market Report 2024 - Market Size, Growth Rate, Major Drivers And Key Trends

"The Business Research Company recently released a comprehensive report on the Global K-12 Instruction Material 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.

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According to The Business Research Company's, The K-12 instruction material market size has grown strongly in recent years. It will grow from $5.21 billion in 2023 to $5.61 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to increased demand for adaptive learning, improved access to educational content, growth in digital instruction materials, rise in visual learning, and rise of virtual classroom training.

The K-12 instruction material market size is expected to see strong growth in the next few years. It will grow to $7.64 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increasing international student enrolment, the rising demand for online education, increasing demand for customized instructional materials, increasing focus on professional development of teachers, growing demand for blended learning solutions. Major trends in the forecast period include digital transformation, gamification, innovative educational platforms, robotics in education, and virtual classrooms.

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Market Drivers and Trends:

The rising demand for international schools is expected to propel the growth of the K-12 international school market going forward. International schools are educational institutions that offer curricula and programs designed to accommodate students from diverse cultural backgrounds, often following internationally recognized standards. There is increased demand for international schools due to several factors, such as globalization, expatriate mobility, the desire for globally recognized education, and the emphasis on cultural diversity and international-mindedness. International schools are utilized in K-12 education settings to offer globally recognized curricula and cater to diverse student populations from various cultural backgrounds. For instance, in January 2024, according to the Canadian Citizenship and Immigration Resource Center (CCIRC) Inc., a Canada-based company that acts as legal counsel on immigration matters, in 2023, immigration officials processed around 1,025,000 study permit applications for international students, including extensions, which marked an increase from about 838,000 processed during the corresponding period in 2022. Therefore, the rising demand for international schools is driving the growth of the K-12 international school market.

Major companies operating in the K-12 instruction material market are developing innovative platforms, such as curriculum delivery platforms (CDP), to support adaptive learning and improve educational outcomes. Curriculum delivery platform (CDP) provides teachers with increased access to resources, including lesson plans, materials, standards maps, and pacing guides, all in one place. For instance, Ellipsis Education, a US-based company that offers K-12 education, launched the Curriculum Delivery Platform (CDP), a comprehensive online portal designed to streamline computer science teaching for K-12 educators. The CDP aims to provide everything teachers need to teach computer science in one place, making it easier for them to access and navigate courses, resources, and materials. This platform provides several features to enrich the teaching experience, such as enhanced organization, expanded resource accessibility, improved interface aesthetics, access to a standards map on the lesson-level page, and simplified navigation between courses.

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Major Key Players of the Market:

Pearson Plc, Follett Corp., Stride Inc., Scholastic Inc., Cengage Inc., Nord Anglia Education Ltd., TAL Education Group, McGraw-Hill Education, Educomp Solutions Ltd., Discovery Education Inc., D2L Corp., Hurix Systems Pvt. Ltd., Next Education India Pvt. Ltd., Mosaica Education Inc., Carnegie Learning Inc., Dubai International Academy - Al Barsha, Al- Jazeera Academy, Bettermarks GmbH, British International School of Jeddah, International School of London, The George Washington University Online High School, Keystone School, Grand Canyon Education Academy, The Village School, Accelerate Inc.

K-12 Instruction Material Market 2024 Key Insights:

• The K-12 instruction material market size is expected to see strong growth in the next few years. It will grow to $7.64 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.
• Fueling Growth The Intersecting Forces of Online Education And Digital Language Learning
• Innovative Curriculum Delivery Platforms Revolutionize K-12 Education Enhancing Access To Resources And Supporting Adaptive Learning
• North America was the largest region in the K-12 instruction material market in 2023

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