Press release
Government Initiatives And Schemes To Drive Market Growth: A Key Catalyst Accelerating Primary School Market Growth in 2025
Primary School Market
Primary School Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the primary school market has been expanding quickly in the past few years. The projections see it increasing from $752.17 billion in 2024 to $828.25 billion in 2025, with a compound annual growth rate (CAGR) of 10.1%. The growth observed in the historic period is influenced by factors such as population growth, governmental policies in education, societal recognition of education's value, inclining urbanization trends, and economic progression.
Primary School Market Size Forecast: What's the Projected Valuation by 2029?
There is an anticipated robust upsurge in the primary school market size in the coming years. The sector is projected to expand to $1160.61 billion by 2029, rising at a compound annual growth rate (CAGR) of 8.8%. Factors propelling growth in this projected time frame include global teaching objectives, government funding in education, society's realization of the value of education, the merging of technology in teaching methodologies, and demographic shifts. Prominent trends during this span are slated to be social and emotional learning (SEL), global citizenship education, mixed-mode learning models, advancements in assessment techniques, enhanced parental participation and communication, and emphasis on mental and physical health.
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What Are the Drivers Transforming the Primary School Market?
The growth of the primary school market is anticipated to be fueled by government efforts and programs that aim to bolster education. These initiatives contribute to the expansion of schools, provision of monetary aid, teacher training, free educational programs, infrastructure enhancement, application of technology, cementing of inclusive learning, implementation of nutritional plans, enforcement of quality metrics, and community participation. Collectively, these actions generate a favorable setting for the refinement and growth of the primary education field. As an example, in December 2023, Ministry of Education of the People's Republic of China, a Chinese department under the State Council, reported that the national educational expenditure for 2022 was recorded at $868.31 billion (RMB 6.132,914 trillion), showing a 5.97% growth compared to the previous year. This indicates how government initiatives and programs are propelling the expansion of the primary school market.
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What Long-Term Trends Will Define the Future of the Primary School Market?
The primary school market is witnessing a significant trend of technological innovation. The main players within this sector are prioritizing the creation of novel technological solutions to solidify their market standing. For instance, in May 2022, Tata Class Edge, from India, and the India-based Furtados School of Music together decided to leverage technology and music to offer schools an enhanced educational experience. They achieved this by integrating their expertise and resources in tandem with TATA Class Edge's proficiency in the K-12 education sector. This strategic move by Furtados School of Music aimed at expanding the reach of their music teaching technique.
Which Segments in the Primary School Market Offer the Most Profit Potential?
The primary school market covered in this report is segmented -
1) By Type: Public, Private, Online
2) By Deployment Mode: Cloud, On-Premise
3) By Fee Structure: Low-Income, Medium-Income, High-Income
Subsegments:
1) By Public: District Public Schools, Charter Schools, Magnet Schools
2) By Private: Religious Affiliated Schools, Independent Private Schools, International Schools
3) By Online: Fully Online Primary Schools, Hybrid Online-Offline Schools, Virtual Learning Academies
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Which Firms Dominate the Primary School Market by Market Share and Revenue in 2025?
Major companies operating in the primary school market include Pearson plc, Cengage Learning India Pvt. Ltd., Stride Inc., Blackboard Inc., Tata Class Edge, D2L Corporation, NextEducation India Pvt. Ltd., TAL Education Group, Hailiang Education Group, Bright Horizon, McGraw-Hill Education, Houghton Mifflin Harcourt, Educomp Solutions Ltd., Scholastic Corporation, Benesse Corporation, GEMS Education, Nord Anglia Education, Kumon Institute of Education, The Learning Experience, Zaner-Bloser Inc., Educational Initiatives Pvt. Ltd., K12 Inc., Ambow Education Holding Ltd., Primrose Schools
Which Regions Offer the Highest Growth Potential in the Primary School Market?
Asia-Pacific was the largest region in the primary school market in 2024 and is expected to be the fastest-growing region in the primary school market report during the forecast period. The regions covered in the primary school market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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