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Global K12 Education Technology Market to Reach $87.94 Billion by 2029, Growing at 27.9% CAGR
K12 Education Technology Market Size
Increased government involvement in the education system is expected to accelerate the growth of the K-12 education technology market. Governments are recognizing the importance of education in driving national development, economic competitiveness, and social equity. The UK government, in December 2023, announced an increase in funding for schools, including extra help for primary and secondary students. This involvement is contributing to the growth of the K-12 education technology market.
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What is the future CAGR of the k12 education technology market, and how will it impact industry expansion?
The K-12 education technology market will expand from $25.6 billion in 2024 to $32.84 billion in 2025 at a CAGR of 28.3%, driven by personal computing, internet accessibility, and cloud computing innovations.
The K-12 education technology market is set for exponential growth, reaching $87.94 billion by 2029 at a CAGR of 27.9%. Growth is fueled by increased investments in EdTech, rising demand for customized learning solutions, shifts toward remote and hybrid learning, and the proliferation of gamified education platforms. Key trends include AI integration, online and blended learning expansion, gamification, coding and STEM education adoption, and cloud-based learning solutions.
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What are the most significant trends transforming the k12 education technology market today?
Companies in the K-12 instruction material market are creating platforms like Curriculum Delivery Platforms (CDPs) to support adaptive learning and improve educational outcomes. CDPs give teachers access to lesson plans, materials, standards maps, and pacing guides in one place. For example, in April 2023, Ellipsis Education, a US-based K-12 education provider, launched a Curriculum Delivery Platform. This online portal streamlines teaching computer science by offering teachers easy access to resources and materials, improving the organization and navigation of courses and content.
Which key market segments comprise the k12 education technology market and drive its revenue growth?
The K12 education technology market covered in this report is segmented -
1) By Type: Hardware, Solution, Software, Support, Learning Content Management Systems (LCMS), Learning Management Systems (LMS), Learning Content Development Systems (LCDS), Assessment Systems, Student Response Systems (SRS), Other Types
2) By Technology: Educational Gaming, Educational Analytics, Educational Enterprise Resource Planning (ERP), Educational Security, Educational Dashboard
3) By Applications: Online, Offline
4) By Downstream Industry: Pre-Primary School, Primary School, Middle School, High School
Subsegments:
1) By Hardware: Interactive Whiteboards, Tablets And Laptops, Student Response Devices, Classroom Projectors, Document Cameras
2) By Solution: Classroom Management Solutions, Collaboration Tools, Cloud-Based Solutions, Virtual Classrooms, Communication Platforms
3) By Software: Educational Software Applications, Classroom Management Software, Educational Gaming Software, Simulation And Virtual Lab Software, Mobile Learning Apps
4) By Support: Technical Support Services, Maintenance Services, Professional Development And Training, IT Support And Consulting, Network And Infrastructure Support
5) By Learning Content Management Systems (LCMS): Course Development Tools, Content Authoring Platforms, Content Repositories, Multimedia Learning Content Management
6) By Learning Management Systems (LMS): Cloud-Based LMS, On-Premise LMS, K-12 Specific LMS, Mobile Learning Management Systems
7) By Learning Content Development Systems (LCDS): Content Creation Software, Authoring Tools, Adaptive Learning Platforms, Course Design And Curriculum Development Tools
8) By Assessment Systems: Formative Assessment Tools, Summative Assessment Systems, Digital Assessment Platforms, Online Testing Systems, Performance-Based Assessment Tools
9) By Student Response Systems (SRS): Clickers Or Response Pads, Real-Time Polling Tools, Interactive Quizzes And Surveys, Audience Response Software
10) By Other Types: Artificial Intelligence In Education, Virtual And Augmented Reality Learning Tools, Speech Recognition Technology, Adaptive Learning Technologies, Gamification In Education
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What regions are at the forefront of k12 education technology market expansion?
North America was the largest region in the K12 education technology market in 2024. The regions covered in the K12 education technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the k12 education technology market?
Major companies operating in the K12 education technology market are Apple Inc., Google LLC, Samsung Electronics Co Ltd, Microsoft Corporation, International Business Machines (IBM) Corporation, Pearson plc, TAL Education Group, VIPKID, Sanoma, BlackBoard, BYJU'S, PowerSchool, Acro Platform Ltd, Chungdahm Learning, Tata Class Edge, Learnosity, Illuminate Education, iTutorGroup, Educomp Solutions Limited (ESL), Kroton Educacional SA, D2L Corporation, Toppr
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What Is Covered In The K12 Education Technology Global Market Report?
•Market Size Forecast: Examine the k12 education technology market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the k12 education technology market for a structured understanding.
•Key Players Overview: Analyze major players in the k12 education technology market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the k12 education technology market.
•Segment Contributions: Evaluate how different segments drive overall growth in the k12 education technology market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the k12 education technology market.
•Industry Challenges: Identify potential risks and obstacles affecting the k12 education technology market.
•Competitive Landscape: Review strategic developments in the k12 education technology market, including expansions, agreements, and new product launches.
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