The k-12 instruction material global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
K-12 Instruction Material Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The K-12 instruction material market size has grown strongly in recent years. It will grow from $5.21 billion in 2023 to $5.61 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to increased demand for adaptive learning, improved access to educational content, growth in digital instruction materials, rise in visual learning, and rise of virtual classroom training.
The K-12 instruction material market size is expected to see strong growth in the next few years. It will grow to $7.64 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increasing international student enrolment, the rising demand for online education, increasing demand for customized instructional materials, increasing focus on professional development of teachers, growing demand for blended learning solutions. Major trends in the forecast period include digital transformation, gamification, innovative educational platforms, robotics in education, and virtual classrooms.
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Scope Of K-12 Instruction Material Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
K-12 Instruction Material Market Overview
Market Drivers –
The rising demand for online education is expected to propel the growth of the K-12 instruction material market going forward. Online education refers to delivering educational content and instruction via the internet. The demand for online education is rising due to flexibility, accessibility, technological advancements, and evolving learning needs. K-12 instructional materials enhance online education by providing structured, engaging, and flexible content that supports differentiated instruction, immediate feedback, accessibility, collaboration, and data-driven decision-making. For instance, in January 2022, according to the World Economic Forum, a Switzerland-based non-governmental organization, online education enrollment increased by 32% in 2022 from 189 million in 2021. Therefore, the rising demand for online education is driving the growth of the K-12 instruction material market.
Market Trends –
Major companies operating in the K-12 instruction material market are developing innovative platforms, such as curriculum delivery platforms (CDP), to support adaptive learning and improve educational outcomes. Curriculum delivery platform (CDP) provides teachers with increased access to resources, including lesson plans, materials, standards maps, and pacing guides, all in one place. For instance, Ellipsis Education, a US-based company that offers K-12 education, launched the Curriculum Delivery Platform (CDP), a comprehensive online portal designed to streamline computer science teaching for K-12 educators. The CDP aims to provide everything teachers need to teach computer science in one place, making it easier for them to access and navigate courses, resources, and materials. This platform provides several features to enrich the teaching experience, such as enhanced organization, expanded resource accessibility, improved interface aesthetics, access to a standards map on the lesson-level page, and simplified navigation between courses.
The k-12 instruction material market covered in this report is segmented –
1) By Type: Traditional Instruction Material, Digital Instruction Material
2) By Content Type: Textbooks, Workbooks, Educational Software
3) By Application: Pre-Primary School, Primary School, Middle School, High School
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Regional Insights –
North America was the largest region in the K-12 instruction material market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the K-12 instruction material market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the K-12 instruction material market are Pearson Plc, Follett Corp., Stride Inc., Scholastic Inc., Cengage Inc., Nord Anglia Education Ltd., TAL Education Group, McGraw-Hill Education, Educomp Solutions Ltd., Discovery Education Inc., D2L Corp., Hurix Systems Pvt. Ltd., Next Education India Pvt. Ltd., Mosaica Education Inc., Carnegie Learning Inc., Dubai International Academy – Al Barsha, Al- Jazeera Academy, Bettermarks GmbH, British International School of Jeddah, International School of London, The George Washington University Online High School, Keystone School, Grand Canyon Education Academy, The Village School, Accelerate Inc.
Table of Contents
1. Executive Summary
2. K-12 Instruction Material Market Report Structure
3. K-12 Instruction Material Market Trends And Strategies
4. K-12 Instruction Material Market – Macro Economic Scenario
5. K-12 Instruction Material Market Size And Growth
…..
27. K-12 Instruction Material Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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