K12 Education Market by Type (Public and Private), Deployment Mode (Cloud and On-Premise), Application (High School, Middle School, and Pre-Primary School and Primary School), Spend Analysis (Hardware, Software, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031

Software and Services

IC23028640

Pages: 220

Feb 2023

Reports Overview

Global K12 Education Market Analysis

The Global K12 Education Market Size was $103.5 billion in 2021 and is predicted to grow with a CAGR of 17.7%, by generating a revenue of $525.7 billion by 2031.

Global K12 Education Market Synopsis

The global K-12 education market is expected to grow due to various features such as the personalized and dynamic school experience offered by this medium. The market is also likely to profit from developments such as personalized learning and lower infrastructure prices, which are expected to serve as advantages and help the sector grow as anticipated and experience strong demand during the forecast period. Schools switching from the conventional blackboard approach to incorporation with digital sensors are driving the need for K-12 private teaching. For example, the Huawei IdeaHub Board is approved by TUV Rheinland in March 2021, which reduces hazardous light and filters dangerous rays for a safe cinematic experience.

In comparison to instructor-led courses that take place in person, online and e-learning platforms place a considerably greater emphasis on motivation and willingness. Only 7% of students who enroll in Massive Open Online Courses (MOOCs) finish them, according to a survey. The K–12 education sector's growth is impacted by this aspect. Many K12 education sector firms are investigating how to encourage students to enroll in online courses by arranging live events with in-person interactions with instructors and limiting the timeline of courses so that students are encouraged to finish them properly and on time.

Learning analytics has grown in the educational business owing to the advances in technology. This enables academic institutions to provide customized learning. The adoption of online education systems is driven by artificial intelligence. It delivers customized content to students based on their characteristics, performance, and active behaviors. Therefore, institutions are investing significantly in virtual learning methods, which is anticipated to propel the K12 education market during the forecast period. Progress is measured via various processes such as tests, puzzles, and videos. eLearning is adaptable, increases student engagement, and can be accessed from anywhere at any time. It adjusts to individual learning styles and demands. All these factors are anticipated to create several growth opportunities for the key players operating in the market.

K12 Education Overview

The growing idea of K–12 education has altered the traditional approach to education and ensured that all kids from kindergarten through the 12th grade receive a solid foundational education. K–12 education, which includes primary and secondary education, emphasizes greater teacher–student interaction. The K-12 educational paradigm, which comprises kindergarten, primary, secondary, high school, and pre-university education, uses the letters K for kindergarten and 12 for the 12th grade.

COVID-19 Impact on Global K12 Education Market

Lockdowns around the world to stop the spread of the COVID-19 pandemic have caused enormous issues for the education sector around the world. Schools, colleges, and other learning facilities had to shut down during the COVID-19 pandemic to prevent the coronavirus from spreading. Schools and colleges had to adopt online learning for continuing education. Though, students from rural areas of developing and underdeveloped countries were unable to afford the gadgets required for online learning. Stable internet connection in these rural areas was also a concern for some of them. Therefore, the COVID-19 pandemic had a significant impact on the K12 education market.

Growing Popularity of Online Learning to Drive the Market Growth

Software solutions provide institutions with well-organized enterprise resource planning tools that assist faculty members in developing better courses and effectively managing classrooms and schools. Online education systems create virtual classrooms, allowing teachers to manage a big audience. In addition, online learning not only allows students to access knowledge from any place but also assures that resources are constantly available. For example, students can access books online from any location rather than physically visiting a library.

To know more about global K12 education market drivers, get in touch with our analysts here.

Lack of Government Budget to Restrain the K12 Education Market Growth

The development of K12 education systems may make the educational system more competitive if the K-12 education plan is implemented. However, the governments of various countries need to resolve a few difficulties before the proposal can be implemented. The K12 education system is good, but it only works if the government or another authority meets all of the standards. If the government could devote a higher budget to educational needs, the K-12 program would be one step closer to success. These issues are expected to hamper the growth of the K12 education industry.

Adoption of Artificial intelligence (AI) and Open Educational Resources (OER), and Increase in Investments by Educational Institutes to Drive Excellent Market Opportunities

Artificial intelligence is essential in the online education sector. AI algorithms may give personalized content depending on student profile, performance, and active behavior. It may also provide meaningful content in the form of quizzes, tests, and videos for measuring progress. Open educational resources (OER) have the potential to replace traditional textbooks. Faculty and students are progressively using OER. In addition, schools are investing in online learning programs because they are simple to set up, require no additional expenditures, are adaptable, and promote student involvement. Thus, all of these factors are projected to contribute to the growth of the online k12 education market during the forecast period.

To know more about global K12 education market opportunities, get in touch with our analysts here.

Global K12 Education Market, by Type

Based on type, the market has been divided into public and private. Among these, the private sub-segment accounted for the highest market share in 2021, whereas the public sub-segment is estimated to show the fastest growth during the forecast period.