The K-12 private education market size has grown strongly in recent years. It will grow from $7.14 billion in 2023 to $7.75 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to large student population, increased number of expatriates, increased demand for English-language education, increased disposable income among customers, surge in government initiatives for promoting education.
The K-12 private education market size is expected to see strong growth in the next few years. It will grow to $10.82 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to rising need for quality education, increasing awareness about the advantages of private education, growing income levels of families that can afford private education, high level of parental involvement in private schools, growing demand for international education. Major trends in the forecast period include access to advanced technology and resources in private schools, demand for personalized and technology-based education, innovative classroom and learning enrichment, brand development and partnerships, innovative platforms.
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Scope Of K-12 Private Education 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 Private Education Market Overview
Market Drivers –
The rising demand for online education is expected to propel the K-12 private education market going forward. Online education refers to delivering educational content and instruction via the internet. The demand for online education is rising due to its flexibility, accessibility, and quality of remote learning options, technological advancements, and evolving learning needs. K-12 private education provides personalized, data-driven, and engaging ways to measure and support student learning, ensuring that students receive a high-quality education regardless of the learning environment. For instance, in January 2022, according to the World Economic Forum, a Switzerland-based non-governmental organization, online education enrollment on Coursera Inc., a US-based massive open online course provider, increased from 143 million in 2020 to 189 million in 2021. Therefore, the rising demand for online education is driving the growth of the K-12 private education market.
Market Trends –
Major companies operating in the K-12 private education market are focused on developing innovative solutions, such as K-12 student success platforms to enhance personalized learning, track student progress, and provide data-driven insights for continuous improvement in academic outcomes. K-12 student success platforms are comprehensive digital tools designed to support student learning, engagement, and achievement from kindergarten through 12th grade. For instance, in February 2024, SchoolStatus, a US-based company offering K-12 education, introduced SchoolStatus, a fully integrated platform designed to enhance collaboration and family engagement for improved student success. This innovative K-12 platform enhances collaboration and family engagement, ultimately driving positive student outcomes. This also provides data-driven insights, streamlined attendance management, and personalized communications, and the platform empowers educators, schools, and districts to work together more effectively and support student success.
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
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Regional Insights –
North America was the largest region in the K-12 private education market in 2023. 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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. K-12 Private Education Market Report Structure
3. K-12 Private Education Market Trends And Strategies
4. K-12 Private Education Market – Macro Economic Scenario
5. K-12 Private Education Market Size And Growth
…..
27. K-12 Private Education Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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