K 12 Education Market | Contrive Datum Insights

The Global K-12 Education Market was valued at USD 8 billion in 2022 and is anticipated to reach USD 94.7 billion by 2030, expanding at a CAGR of 31.6% during the forecast period, between 2023 and 2030.

K-12 Education Market Overview:

The market is driven by schools that are shifting away from the traditional blackboard approach to integrating smart technology into the learning environment. Learning trends encompass a wide range of activities, tools and services aimed at improving the educational outcomes of students.

Demand for STEM education has increased as job opportunities in science, technology, engineering and mathematics (STEM) have increased. Students who score high in competitive exams are admitted to higher education institutions. Therefore, parents, students, and various stakeholders emphasize basic STEM education in schools around the world.

With the advent of technology, many educational institutions have developed content resources, assessment tools, scoring tools, and management tools. According to the National Center for Scholastic Statistics, nearly every public school in the United States is connected to the Internet, providing access to a variety of educational resources, tracking students' logins to their entire classroom, a portal where students can easily view assignments and grades, and more.

K-12 Education market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global K-12 Education market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• January 2022 - Pearson announced the acquisition of Credly, a leading provider of digital workforce credentials. The acquisition of Credly, in which Pearson has already invested nearly 20%, will strengthen the company's position in workforce technology by adding sophisticated credential services to its workforce analytics, learning and assessment capabilities.
• November 2021 - McGraw Hill completed the previously announced acquisition of Achieve3000, recognized as a pioneer in accelerating individualized teaching and learning for PreK-12 students in all 50 states and 48 countries. This enables McGraw Hill to offer a wide range of exceptional digital learning solutions that support teachers, engage students and improve learning outcomes.

Major Market Segments Covered in K-12 Education Industry Research:

Market Key Players:
Chungdahm Learning, Dell, Educomp Solutions, Next Education, Samsung, TAL Education Group, Tata Class Edge, Adobe Systems, Blackboard, BenQ, Cengage Learning, D2L, Ellucian, IBM, Intel, Knewton, Mcmillan Learning, McGraw-Hill Education, Microsoft, Oracle, Pearson Education, Promethean World, Saba Software, Smart Technologies, And Others.

By Type:

• Public K-12 education
• Private K-12 education
• Online K-12 Education

By Application:

• Pre-primary School
• Primary School, Middle School
• High School

• Ed-tech companies
• Educational Institutions
• Others

By Method

• Blended/instructor-led training
• Computer/web-based training
• Textbooks/self-study material
• Video/audio recording
• Simulation-based training
• Others

By Region:

In Asia Pacific, the K-12 education market is growing at a rapid rate as millions of learners adopt online learning. Several countries are posting their entire K-12 curriculum online. Growth is mainly driven by countries such as China, India, Indonesia and Malaysia.

The associated consequences of these continued school closures are devastating and include loss of learning, and emotional distress. missed school lunches and routine immunizations; Increased risk of dropout from structured education. increased child labor; Increased child marriage. According to the report, if Asia is to meet the education targets of the UN 2030 Agenda's Sustainable Development Goals within the next nine years, the region will need to increase its education budget by an average of 10% to make up for this loss. These challenging times have forced government agencies and public and private institutions to invest in educational technology replacement to ensure a continuous flow of knowledge.

Market Trends, Drivers, Restraints, and Opportunities:

• During the forecast period, the K-12 education market is expected to be driven by technological advances like robots that can be used to teach.
• The market is growing because there are more and more online education systems that offer high-quality education to a wide range of people.
• The global K-12 education market is expected to be driven by efforts by governments to improve the quality of K-12 education around the world.
• During the time of the pandemic, a lot of students were sick and couldn't go to school. This hurt the K-12 education market.
• Due to the COVID-19 outbreak, which slowed down the market, educational institutions were having trouble making money.
• Players in the K–12 education market have chances to grow if they use new trends in education that help students learn more. When schools work together with online platforms, it opens up good opportunities for education systems around the world.

K-12 Education Market report scope:

Key Takeaways from this K-12 Education Report

• Estimate K-12 Education market potential by analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, applications, and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness to your processes.
• Know the different dynamics affecting the market - challenges, key driving factors, and opportunities.
• Get a quick viewpoint on the K-12 Education market entropy - M&A's, deals, partnerships, and product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data, and regulatory landscape for more than the top 20 countries worldwide for the market.
• Get complete insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.