Primary School Market Growth Accelerates: Strategic Forecast Predicts $1093.91 Billion by 2029

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What Will the Primary School Industry Market Size Be by 2025?
The market size of primary education has seen a robust expansion in the previous years. It is projected to rise from $730.12 billion in 2024 to $787.23 billion in 2025, registering a compound annual growth rate (CAGR) of 7.8%. This growth in the historical period can be accredited to factors such as population growth, government education policies, societal emphasis on education, patterns of urbanization, and economic development.

What's the Long-Term Growth Forecast for the Primary School Market Size Through 2029?
In the forthcoming years, the primary school market size is anticipated to witness substantial growth. The market is projected to expand to $1093.91 billion in 2029, with a compound annual growth rate (CAGR) of 8.6%. Factors contributing to the predicted growth during this period include global education goals, government funding in education, societal recognition of the value of education, technological applications in education, and demographic shifts. The forecast period is set to see major trends such as social and emotional learning (SEL), global citizenship education, blended learning strategies, assessment innovation, enhanced parental engagement and communication, and an emphasis on well-being and mental health.

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What Are the Key Growth Drivers Fueling the Primary School Market Expansion?
The advancement of the primary school market is anticipated to be stimulated by government strategies and programmes designed to endorse education. These initiatives enhance school accessibility, give financial backing, prioritise teacher education, provide gratis education initiatives, devote resources to infrastructure enhancement, incorporate technology, encourage inclusive learning, execute nutrition initiatives, enforce high-quality norms, and engage communities. All these activities contribute to creating an environment that encourages development and advancement in the primary education sector. For example, the Ministry of Education of the People's Republic of China, a department of the China-based State Council, reported in December 2023 that national education expenditure in 2022 summed up to $868.31 billion (RMB 6.132,914 trillion), which is a 5.97% hike from the previous year. Thus, strategies and programs implemented by the government are fuelling the growth of the primary school market.

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What Are the Key Trends Driving Primary School Market Growth?
Increasing technological progression is a predominant trend being noticed in the primary school sector. Prominent organizations in the primary education sector are concentrating on the creation of innovative technological approaches to fortify their market standing. To illustrate, Tata Class Edge, an enterprise located in India, and Furtados School of Music, an Indian music enterprise, collaborated in May 2022 to offer superior educational exposure to schools through the employment of technology and music. Furtados School of Music has elected to augment the availability of this music teaching methodology by coupling it with the proficiency and resources of TATA Class Edge in the K-12 educational sector.

How Is the Primary School Market Segmented?
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 Companies Are Leading the Charge in Primary School Market Innovation?
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 Are Leading the Global Primary School Market in Revenue?
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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