According to a recent market study published by Growth Market Reports, titled, “Global K-12 Education Market” by type, by Application, by Learning Mode, and by region: Size, Share, trends and opportunity Analysis, 2016-2031”, the market was valued at USD 3,382.3 Billion in 2022 and is expected to grow at a growth rate of 4.5% by the year 2031.

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As per Growth Market Reports industry analyst Divjot Singh, “Global K-12 Education Market” is anticipated to witness significant growth during the forecast period 2023-2031.

The K-12 educational system strongly emphasizes on enhancing teacher–student cooperation. Schools and teachers emphasize on classroom activities to support children's cognitive, physical, and academic development. The system has transformed, how students learn.

Some advantages of K–12 education include structured academic preparation for college and the workforce, social & emotional growth, exposure to many cultures & viewpoints, and availability of abundant opportunities for extracurricular and physical exercise.

Key factors such as rising awareness among parents about the primary education of a child and government initiatives such as free education, mid-day meal schemes are anticipated to propel the growth of the market during the forecast period. Conversely, lack of quality in education act as a challenge to the K-12 Education market are likely to restrain the market. The Growing Opportunities for K-12 Education System in Asia Pacific is one of the opportunity for the growth of K-12 Education market.

The supply chain is a system between an educational institutions and its suppliers. This system includes different activities, information, entities, people, and resources. Entities involved in the K-12 Education supply chain include, suppliers, and end-customers. K–12 education has recently undergone substantial changes due to the introduction of cutting-edge technology and its integration into the educational system. Furthermore, the idea of considering students as customers and treating education as a business is becoming more prevalent. Schools from K–12 to colleges and universities are under intense pressure to deliver value to their stakeholders. Cost containment while simultaneously enhancing results or raising productivity is one of the key challenges, facing K–12 education today.

The primary as well as secondary research methodology is used for keen observation and study of the Global K-12 Education Market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

COVID-19 has negatively impacted the market due to the decrease in demand of K-12 Education from end customers. COVID-19 had a negative impact on the market, due to disruption in supply and demand for K-12 Education. Rapid spread of coronavirus had a major impact on global markets, as major economies of the world are in lockdown due to the pandemic. K-12 Education were affected during the pandemic, due to restrictions and closure of global industries. Manufacturing units were shut down. Import and export of raw materials were affected majorly, due to transport restrictions globally. This, in turn, impeded the growth of the market. R&D of innovative technology was halted, due to social distancing laws imposed during the pandemic. However, manufacturers of K-12 Education are focusing on the development of cost-effective and eco-friendly products to improve the quality of K-12 Education. This is projected to fuel the market in the near future.

Key Takeaways from the Study:

  • The players include Adobe, BrainPOP, BYJU'S, Carnegie Learning, Inc., Cengage Learning, Inc., D2L Corporation, DREAMBOX LEARNING, INC., Flocabulary, Intel Corporation, McGraw-Hill Education, NextEducation India Pvt Ltd., Oracle, Outschool, Pearson Education, Stride, Inc., and Tata ClassEdge Limited.

  • Based on type, global K-12 education market is segmented into private and public. The public segment is expected to hold a significant share in the market during the forecast period. The growth of the segment is attributed to the low-cost fee structure for students along with ongoing government support for encouraging several child education.

  • On the basis of application, global K-12 education market is segmented into pre-primary school, primary school, middle school, and high school. The primary school segment is expected to grow at a rapid pace during the forecast period. On the other hand, the high school segment is projected to grow at a rapid pace during the forecast period.

  • Based on the learning mode, global K-12 education market is segmented into online/virtual learning and classroom learning The classroom learning segment is expected to hold a significant share in the market during the forecast period.

  • Asia Pacific is expected to dominate the market during the forecast period. The growth of the market is attributed to the rising awareness for K-12 Education among parents and growing initiatives by government to bring more students for primary schools.

Report Scope:

Report Metric

Details

Market Value in 2022

USD 3382.3 Billion

Market Growth Rate (from 2020 to 2030)

4.5%

Historical Data

2016-2021

Base Year

2022

Forecast Period

2023 – 2031

Units Considered

Value (USD Billion)

Market Segments

By Type, By Application, and By Learning Mode

Key Companies Profiled

Adobe, BrainPOP, BYJU'S, Carnegie Learning, Inc., Cengage Learning, Inc., D2L Corporation, DREAMBOX LEARNING, INC., Flocabulary, Intel Corporation, McGraw-Hill Education, NextEducation India Pvt Ltd., Oracle, Outschool, Pearson Education, Stride, Inc., and Tata ClassEdge Limited

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

 

Target Audience:

  • Supply-side: Educational Institutions, Colleges, and Others
  • Demand Side: Parents, Students, and Others    
  • Regulatory Side: Concerned government authorities, and other regulatory bodies.