Press release
Key Influencer in the STEM Education In K-12 Market 2025: Fueling Growth The Intersecting Forces Of Online Education And Digital Language Learning Driver
"What Is the Forecasted Market Size and Growth Rate for the STEM Education In K-12 Market?In recent times, the market size for stem education in K-12 has seen a significant increase. It is projected to rise from $44.13 billion in 2024 to an impressive $50.6 billion in 2025, growing at a compound annual growth rate (CAGR) of 14.7%. The expansion observed in the past can be associated with the prevalent use of digital resources, a heightened emphasis on stem in K-12 curriculum, the growing understanding of the economic growth potential of stem education, improvements in high school stem education, and the rising significance of stem education in developing nations.
We can anticipate a swift expansion in the K-12 stem education market in the coming years, with a projection to reach $86.25 billion by 2029, boasting a compound annual growth rate (CAGR) of 14.3%. The upcoming growth can be credited to a surge in demand for stem education, the escalating significance of stem skills in the employment market, the emergence of online learning environments, government incentives and regulations, and parental interest in stem learning. Key trends we can expect during this forecast period include investment from the private sector, the inclusion of modern technology in educational practices, the cultivation of stem-centric careers, elevated funding for stem education, and the integration of nascent technologies.
What Factors Are Propelling the Expansion of the STEM Education In K-12 Market?
Expectations are on the rise for the advancement of STEM education in the K-12 market due to the growing popularity of online learning. Online education, which imparts instruction and curriculum content via the internet, is gaining momentum due to its versatile, accessible and high-quality distant learning options. This surge is fueled by technological progress and developing learning requirements. STEM education frequently incorporates interactive technologies and tools like virtual labs, simulations, and platforms for coding, which make online learning more practical and engaging. These tools assist students in grasping intricate ideas through hands-on practice and experimentation. As per the National Center for Education Statistics, a government agency based in the US, in May 2024, 87% of public schools started to provide tutoring during the 2023-24 academic year with 47% offering more than one type. In particular, high-dosage tutoring was offered by 46%, standard tutoring by 66%, self-paced tutoring by 24% and on-demand online tutoring by 13%. Hence, the surge in demand for online learning is propelling the progress of STEM education in the K-12 market.
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Which Businesses Are at the Forefront of STEM Education In K-12 Market Development?
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
What Are the Latest Innovations in the STEM Education In K-12 Market?
Primary firms active in the K-12 STEM education sector are creating innovative strategies, such as Next STEM and Next English, to better equip pupils for the demands of today's workforce. The goal of Next STEM and Next English initiatives is to offer a holistic, integrated educational experience that combines technology, interactive resources and advanced assessment techniques. In April 2024, Next Education, a company based out of India offering STEM education, introduced Next STEM and Next English. These cutting-edge software solutions aim to provide thorough learning experiences, foster essential skills for the 21st century, and capacitate students to succeed in a tech-dominated, interconnected global society. Next STEM is a comprehensive education platform that focuses on Science, Technology, Engineering, and Math (STEM), emphasizing hands-on activities, simulations, and interactive resources to stimulate student engagement in learning. Next English, on the other hand, is a versatile English learning program that incorporates digital content, innovative evaluation methods, and interactive resources. The intent of this program is to reinvent English language learning by offering a complete, interactive learning journey for the students.
How Is the STEM Education In K-12 Market Segmented?
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)
Subsegments:
1) By Customized Live Courses: Online Interactive Live Stem Classes, Instructor-led Live Workshops And Seminars, Live Tutoring For Stem Subjects, Personalized Stem Education Programs, Project-Based Learning In Live Sessions
2) By Standard Recorded Courses: Pre-Recorded Stem Curriculum Videos, Recorded Stem Webinars And Lectures, Self-Paced Video Tutorials For Stem Subjects, Recorded Virtual Stem Labs And Experiments, Subscription-Based Access To Pre-Recorded Stem Content
3) By Other Types: Blended Learning (Combination Of Live And Recorded Content), Stem Camps And Bootcamps (In-Person Or Virtual), Interactive Stem Learning Platforms (Gamified Learning), Virtual Reality (Vr) Or Augmented Reality (Ar) Stem Learning Programs, Hybrid Stem Education Models (Combination Of Physical And Digital Learning Tools)
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Where Is the STEM Education In K-12 Market Growth Most Prominent?
North America was the largest region in the stem education in K-12 market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the stem education in K-12 market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The STEM Education In K-12 Global Market Report?
- Market Size Analysis: Analyze the STEM Education In K-12 Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the STEM Education In K-12 Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall STEM Education In K-12 Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the STEM Education In K-12 Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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