Overview and Scope
STEM education in K-12 refers to an integrated approach to teaching and learning in science, technology, engineering, and mathematics (STEM), emphasizing interdisciplinary learning, critical thinking, problem-solving, and hands-on, real-world applications. This education prepares students with the knowledge and skills necessary to succeed in a rapidly changing, technologically advanced world.
Sizing and Forecast
The STEM education market size has grown rapidly in recent years. It will grow from $38.67 billion in 2023 to $44.13 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to availability of digital resources, increased focus on stem in K-12 curriculum, increased awareness of stem education’s role in economic growth, enhanced stem education in high school, increased importance of stem education in developing countries.
The STEM education market size is expected to see rapid growth in the next few years. It will grow to $75.55 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to increasing demand for stem education, growing importance of stem skills in the job market, rise of online learning platforms, government initiatives and policies, parental interest in stem education. Major trends in the forecast period include private sector investments, integration of technology in education, development of stem-related careers, increased funding for stem education, integration of emerging technologies.
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Segmentation & Regional Insights
The STEM education in k-12 market covered in this report is segmented –
1) By Type: Customized Live Courses, Standard Recorded Courses, Other Types
2) By Delivery Mode: Online, Offline
3) By Application : Elementary School (K-5), Middle School (6-8), High School (9-12)
North America was the largest region in the stem education in K-12 market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the stem education in K-12 market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising demand for online education is expected to propel stem education in K-12 market going forward. Online education refers to the process of delivering educational content and instruction via the internet. The demand for online education is rising because of its flexibility, accessibility, and quality of remote learning options, driven by technological advancements and evolving learning needs. STEM education often involves using interactive tools and technologies, such as virtual labs, simulations, and coding platforms that make online learning more engaging and hands-on, helping students understand complex concepts through practical application and experimentation. For instance, in January 2022, according to the World Economic Forum, a Switzerland-based non-governmental organization, online education enrollment figures surged in 2020, more than doubling, and then experienced another substantial increase of 32% the subsequent year, reaching a peak of 189 million in 2021. Therefore, the rising demand for online education is driving the growth of stem education in the K-12 market.
Key Industry Players
Major companies operating in the stem education in K-12 market are Amazon Web Services Inc., Adobe Inc., Stride Inc., Scholastic Inc., K-12 Inc., Cengage Inc., Houghton Mifflin Harcourt, McGraw-Hill Education, School Specialty, D2L corporation, Hurix Systems Pvt. Ltd., Meritnation, Outschool Inc, EduCo International Group, zSpace, Kendall Hunt Publishing Company, PASCO Scientifc, Freeman and Worth Publishing Group LLC, Sphero inc., Istation, Mathspace Pty Ltd., Lab-Aids Inc., Wonder Workshop Inc., International School of London, Innova STEM Education
The stem education in k-12 market report table of contents includes:
1. Executive Summary
2. STEM Education In K-12 Market Report Structure
3. STEM Education In K-12 Market Trends And Strategies
4. STEM Education In K-12 Market – Macro Economic Scenario
5. STEM Education In K-12 Market Size And Growth
…..
27. STEM Education In K-12 Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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