Press release
K-12 Private Education Market Size to Surge to US$ 15780.8 Million Achieving a Remarkable 7.6% CAGR by 2032
The k-12 private education market size was valued at USD 7,602.89 million in 2022. It is projected to grow to USD 15,780.8 million by 2032, exhibiting a compound annual growth rate of 7.6% from 2023 to 2032.Market Definition:
K-12 private education involves primary education commencing in kindergarten and secondary education concluding in grade 12. Schools utilize many procedures to decide grade positioning. One process includes positioning students in a grade dependent on a child's birthday. Cut off dates dependent on a child's birthday decide placement in either a superior or lesser grade level. For instance, if the school's cut-off date is September 1, and the approaching student's birthday is 2nd August, then the student will be positioned in a higher grade level.
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Growth Drivers and Opportunities:
• Several reasons have contributed to the expansion of the k-12 private education market in recent years. Among these is the software solution providing businesses with lucid enterprise resource planning solutions that help academic staff improve courses and handle classrooms.
• The market size will expand due to mobile devices becoming an integral part of smart learning due to their movability. It will make it easy to acquire knowledge and participate in social activities. Also, feedback can be obtained with just a few clicks while interacting productively and efficiently.
Key Players:
Prominent market contenders are funding massively in R&D to augment their offerings which will assist the market to grow even more. Here is the list of the leading companies operating in the k-12 private education market:
• Newsela Inc.
• Pearson
• McGraw-Hill
• Nadeen International School
• Cengage Learning Inc
• Chegg Inc.
• Dubai International Academy
• TRINITY SCHOOL
• Byju's
• NextEducation India Pvt Ltd.
• The Roxbury Latin School
• Adobe Systems
• Blackboard Inc.
• GEMS Education
• Holistic Minds Private Limited
• and Stride Inc.
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Segmentation Overview:
The k-12 private education market analysis is mainly based on methods, service providers, applications, and regions. Based on the method, the computer/web-based training segment witnessed the fastest growth. It is a pedagogical process of conveying academic and skill-dependent learning modules in a virtual mode.
According to service providers, the EdTech companies segment holds a significant revenue share. EdTech firms offer, generate, and use the resources in a classroom to advance a more appealing and individualized learning ambiance.
K12 Private Education Market, Method Outlook (Revenue - USD Million, 2019-2032)
• Blended/Instructor-Led Training
• Computer/Web-Based Training
• Textbooks/Self-Study Material
• Video/Audio Recording
• Simulation-Based Training
• Others
K12 Private Education Market, Application Outlook (Revenue - USD Million, 2019-2032)
• Pre-Primary School
• Primary School
• Middle School
• High School
K12 Private Education Market, Service Providers Outlook (Revenue - USD Million, 2019-2032)
• Ed-Tech Companies
• Educational Institutions
• Others
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Geographical Landscape:
• North America
o Method Outlook
Blended/Instructor-Led Training
Computer/Web-Based Training
Textbooks/Self-Study Material
Video/Audio Recording
Simulation-Based Training
Others
o Application Outlook
Pre-Primary School
Primary School
Middle School
High School
o Service Providers Outlook
Ed-Tech Companies
Educational Institutions
Others
• Europe
o Method Outlook
Blended/Instructor-Led Training
Computer/Web-Based Training
Textbooks/Self-Study Material
Video/Audio Recording
Simulation-Based Training
Others
o Application Outlook
Pre-Primary School
Primary School
Middle School
High School
o Service Providers Outlook
Ed-Tech Companies
Educational Institutions
Others
• Asia Pacific
o Method Outlook
Blended/Instructor-Led Training
Computer/Web-Based Training
Textbooks/Self-Study Material
Video/Audio Recording
Simulation-Based Training
Others
o Application Outlook
Pre-Primary School
Primary School
Middle School
High School
o Service Providers Outlook
Ed-Tech Companies
Educational Institutions
Others
• Latin America
o Method Outlook
Blended/Instructor-Led Training
Computer/Web-Based Training
Textbooks/Self-Study Material
Video/Audio Recording
Simulation-Based Training
Others
o Application Outlook
Pre-Primary School
Primary School
Middle School
High School
o Service Providers Outlook
Ed-Tech Companies
Educational Institutions
Others
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