The k12 education technology 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.
K12 Education Technology 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 K12 education technology market size has grown exponentially in recent years. It will grow from $20.02 billion in 2023 to $25.60 billion in 2024 at a compound annual growth rate (CAGR) of 27.9%. The growth in the historic period can be attributed to the introduction of personal computers, the availability of the internet and the development of the World Wide Web, the proliferation of smartphones, the rise of cloud computing, and the introduction of interactive whiteboards.
The K12 education technology market size is expected to see exponential growth in the next few years. It will grow to $68.77 billion in 2028 at a compound annual growth rate (CAGR) of 28.0%. The growth in the forecast period can be attributed to increased investment in education technology, growing demand for customized learning solutions, shift towards remote and hybrid learning, increasing use of gamified learning platforms, and proliferation of startups and innovations. Major trends in the forecast period include the integration of artificial intelligence, expansion of online and blended learning, growth in gamification, integration of coding and STEM education, and advancements of cloud-based solutions.
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Scope Of K12 Education Technology 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.
K12 Education Technology Market Overview
Market Drivers –
The involvement of the government in enhancing the education system is expected to propel the growth of the K–12 education technology market going forward. The educational system refers to the framework and structure comprising institutions, policies, and practices designed to facilitate learning and development within a society. The rising government involvement in the education system reflects a growing recognition of education’s crucial role in national development, economic competitiveness, and social equity. The government’s involvement in K-12 educational technology aims to ensure equitable access, promote innovation, and enhance digital literacy among students nationwide. For instance, in December 2023, according to GOV.UK, a UK-based public sector information website, the amount of money schools receive for each primary student who needs extra help will go up to $1,881, and for each secondary student, it will be $135 in the years 2024–25. This is 10% higher than in 2021–22. In total, schools will get more than $3.69 billion to help students in disadvantaged areas do better in school. Therefore, the involvement of the government in enhancing the education system is driving the growth of the K–12 education technology market.
Market Trends –
Major companies operating in the K–12 education technology market are focusing on innovative advancements, such as educational technology platforms, to better serve customers. An educational technology platform refers to a digital solution or software designed to enhance teaching and learning experiences for K–12 students and educators in primary and secondary schools. For instance, in July 2021, Athena Global Technologies, an India-based provider of software applications, launched Tutoroot, an educational technology platform and training services for K–12 students. Tutoroot provides personalized learning and one-on-one tuition classes for students from grades 8 to 12. It offers a range of services, including live classes with expert tutors, flexible scheduling, and regular assessments to track student progress. It focuses on providing a holistic learning experience, covering various subjects such as mathematics, physics, chemistry, and biological sciences.
The k12 education technology market covered in this report is segmented –
1) By Type: Hardware, Solution, Software, Support, Learning Content Management Systems (LCMS), Learning Management Systems (LMS), Learning Content Development Systems (LCDS), Assessment Systems, Student Response Systems (SRS), Other Types
2) By Technology: Educational Gaming, Educational Analytics, Educational Enterprise Resource Planning (ERP), Educational Security, Educational Dashboard
3) By Applications: Online, Offline
4) By Downstream Industry: Pre-Primary School, Primary School, Middle School, High School
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Regional Insights –
North America was the largest region in the K12 education technology market in 2023. The regions covered in the K12 education technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the K12 education technology market are Apple Inc., Google LLC, Samsung Electronics Co Ltd, Microsoft Corporation, International Business Machines (IBM) Corporation, Pearson plc, TAL Education Group, VIPKID, Sanoma, BlackBoard, BYJU’S, PowerSchool, Acro Platform Ltd, Chungdahm Learning, Tata Class Edge, Learnosity, Illuminate Education, iTutorGroup, Educomp Solutions Limited (ESL), Kroton Educacional SA, D2L Corporation, Toppr
Table of Contents
1. Executive Summary
2. K12 Education Technology Market Characteristics
3. K12 Education Technology Market Trends And Strategies
4. K12 Education Technology Market – Macro Economic Scenario
5. Global K12 Education Technology Market Size and Growth
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32. Global K12 Education Technology Market Competitive Benchmarking
33. Global K12 Education Technology Market Competitive Dashboard
34. Key Mergers And Acquisitions In The K12 Education Technology Market
35. K12 Education Technology Market Future Outlook and Potential Analysis
36. Appendix
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