The stem education in k-12 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.
STEM Education In K-12 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 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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Scope Of STEM Education In K-12 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.
STEM Education In K-12 Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in STEM education in K-12 market are developing innovative solutions such as, Next STEM and Next English offerings better to prepare them for the demands of the modern workforce. Next STEM and Next English programs aim to provide students with a comprehensive and integrated learning experience that combines technology with interactive tools and advanced assessment systems. For instance, in April 2024, Next Education, an India-based company that offers STEM education, launched Next STEM and Next English, software programs to empower students with the latest skills. These innovative software programs aim to deliver comprehensive learning experiences, nurturing vital 21st-century skills and enabling students to excel in an interconnected, technology-driven world. Next STEM is an integrated Science, technology, engineering, and Math (STEM) learning platform that focuses on hands-on activities, simulations, and interactive tools to engage students in learning. Next English is an all-round English learning solution that integrates technology through digital content, advanced assessment systems, and interactive tools. This program aims to redefine English language learning by providing students with a comprehensive and interactive learning experience.
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)
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Regional Insights –
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.
Key Companies –
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
Table of Contents
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. Global STEM Education In K-12 Market Size and Growth
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32. Global STEM Education In K-12 Market Competitive Benchmarking
33. Global STEM Education In K-12 Market Competitive Dashboard
34. Key Mergers And Acquisitions In The STEM Education In K-12 Market
35. STEM Education In K-12 Market Future Outlook and Potential Analysis
36. Appendix
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