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K-12 Private Education Market Expansion Continues, with Forecast Valuation of $609.22 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the K-12 Private Education Market Size By 2025?
The size of the K-12 private education sector has seen robust expansion in the recent past. From being a market worth $396.86 billion in 2024, it's projected to scale up to $431.46 billion in 2025, growing at a compound annual growth rate (CAGR) of 8.7%. Several factors have fueled this growth during the historic period, including the existence of a substantial student populace, higher influx of expatriates, greater demand for education in English, rising disposable income among consumers, and an increase in government-led initiatives that champion education.
How Big Is the K-12 Private Education Market Size Expected to Grow by 2029?
The k-12 private education sector is predicted to experience substantial increases in market size in the coming years, with projections estimating a rise to $609.22 billion by 2029 at a compound annual growth rate (CAGR) of 9.0%. This growth during the forecast period is anticipated due to several factors such as the increasing demand for high-quality education, the growing recognition of private education benefits, higher family income ranges that afford private schooling, elevated parent engagement in private school activities, and a heightened demand for international education. Key trends in the forecast period encompass the availability of avant-garde technology and resources in private schools, the desire for personalized, tech-oriented education, innovative classroom designs, learning enrichment opportunities, brand establishment and collaborations, and inventive educational platforms.
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Which Key Market Drivers Powering K-12 Private Education Market Expansion and Growth?
The growing popularity of digital education is anticipated to fuel the progress of the K-12 private education market. Internet-delivered educational content and teaching, commonly known as online education, is seeing increased demand due to its adaptability, easy access, high-quality distance learning opportunities, technological progress, and changing educational requirements. K-12 private educational institutions offer tailored, data-rooted, and interactive methods to assess and facilitate student learning, guaranteeing superior education irrespective of the learning atmosphere. As an example, in May 2023, reports from Coursera, Inc., an American provider of open online courses, stated that as of March 2023, it has grown into one of the globe's most extensive digital learning platforms, with 124 million registered users. Hence, the growing preference for online education is significantly contributing to the expansion of the K-12 private education market.
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What Long-Term Trends Will Define the Future of the K-12 Private Education Market?
Significant enterprises involved in the K-12 private education sector are working on creating innovative solutions like K-12 student achievement platforms. These are crafted to bolster personalized education, monitor student growth, and offer data-informed insights for the relentless enhancement of educational results. Such platforms provide wide-ranging digital support promoting student learning, involvement, and accomplishment from kindergarten to 12th grade. For example, in February 2024, the American firm SchoolStatus, which provides K-12 education, launched a fully integrated platform named SchoolStatus. This platform is created to boost team work and engagement of families to ensure better achievement by students. Besides enhancing engagement and cooperation, it also offers insights based on data, efficient management of attendance, and customized communication, thereby enabling educators, schools, and districts to work more effectively together towards the common goal of student accomplishment.
What Are the Emerging Segments in the K-12 Private Education Market?
The k-12 private education market covered in this report is segmented -
1) By Method: Blended And Instructor-Led Training, Computer And Web-Based Training, Text books And Self-Study Material, Video And Audio Recording, Simulation-Based training, Other Methods
2) By Deployment Mode: Cloud, On-Premise
3) By Service Providers: Ed-Tech companies, Educational Institutions, Online Courses, Other Service Providers
4) By Application: Pre-Primary School, Primary School, Middle School, High School, Other Applications
Subsegments:
1) By Blended And Instructor-Led Training: Classroom-Based Learning, Teacher-Led Online Learning, Hybrid Learning Models
2) By Computer And Web-Based Training: Online Courses, Educational Apps And Platforms, E-Learning Portals
3) By Textbooks And Self-Study Material: Printed Textbooks, Digital Textbooks, Study Guides And Reference Materials, Worksheets And Practice Exercises
4) By Video And Audio Recording: Pre-Recorded Video Lessons, Podcasts And Audio Lectures, Video Tutorials And Instructional Content
5) By Simulation-Based Training: Virtual Simulations, Gamified Learning Environments, Interactive Educational Games, Augmented Reality (AR) And Virtual Reality (VR) Learning Modules
6) By Other Methods: Peer-To-Peer Learning Platforms, Interactive Whiteboards, Mobile Learning, Teacher-Student Communication Platforms
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Who Are the Global Leaders in the K-12 Private Education Market?
Major companies operating in the K-12 private education market are EF Education First, Pearson Plc, Stride Inc., Scholastic Inc., GEMS Education, Nord Anglia Education Ltd., TAL Education Group, McGraw-Hill Education, Cognita, Educomp Solutions Ltd., Hurix Systems Pvt. Ltd., Taaleem, Next Education India Pvt. Ltd., Mosaica Education Inc., Dubai International Academy - Al Barsha, Al- Jazeera Academy, British International School of Jeddah, International School of London, GEO Foundation, The George Washington University Online High School, Keystone School, Nadeen School, Grand Canyon Education Academy, Mooka Media Ltd., The Village School
Which are the Top Profitable Regional Markets for the K-12 Private Education Industry?
North America was the largest region in the K-12 private education market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the K-12 private education market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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