The global K-12 private education market size was valued at nearly USD 52.3 Bn in 2022 and is anticipated to reach USD 395.3 Bn by 2031, expanding at a CAGR of 25.2% during 2023 – 2031. The growth of the market is attributed to technological advancements in delivering education, the growing awareness among learners for primary and high school teaching, and increasing government funding for the education sector around the world.
K–12 private education system covers kindergarten to 12th grades of education system in several countries that include the US, Australia, Singapore, Canada, India, Japan, China, Germany, and the Philippines. The K-12 private education industry has driven the implementation of educational technology (EdTech) resources. EdTech product offerings have evolved over the years and are not just limited to online guidance. Offerings include credit-based degree programs that cover in-depth coverage of each subject that ranges from lectures, classified notes, and presentations
K–12 private education system includes STEM training. STEM includes a learning approach integrating science, technology, engineering, and mathematics. Job opportunities after pursuing K-12 private education in science, technology, engineering, and mathematics are growing rapidly which has propelled the market demand for STEM training. Critical thinking and problem-solving are key abilities developed while studying STEM courses.
Web-based training (WBT) is an integral part of the K–12 education system, which comprises internet-based learning. The popularity of WBT is encouraging research on exploring the possibilities for providing online Ph.D. programs. Video and audio streaming, forums, instant messaging, and seminars are key features of WBT used by institutions imparting elementary or secondary school education, military training, colleges, universities, and law enforcement agencies.
The COVID-19 pandemic propelled the global K-12 private education management market, replacing face-to-face teaching with remote teaching through digital platforms. Schools, colleges, and other educational institutions closed down during the pandemic, which increased the use of digital platforms by students and teachers.
K-12 Private Education Market Dynamics
Key Drivers
Growing adoption of digital devices in the form of tablets and smartphones has boosted the K-12 private education companies. Rising investments by educational institutions in learning & development programs and by corporates are expected to propel the market in the coming years.
Existing Restraints
Decrease in interaction between learners using e-learning platforms is a restraining the market. Lack of trained professionals capable of handling online classes may impede the market. Training of these professionals is time consuming and significantly costly which is likely to restrain the market.
Emerging Opportunities
Ability to schedule online classes, as per the lifestyles and personal requirements of learners, is a major expansion opportunity in the K-12 private education market. K-12 online private schools and educational institutions are switching to online modes of delivering classes, which is a lucrative opportunity for the market. The introduction of artificial learning tools to collect learner-centric data is a lucrative opportunity for market expansion.
Scope of K-12 Private Education Market Report
The report on the global K-12 private education market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Global K-12 Private Education Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016 – 2021
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Forecast Period
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2023–2031
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Segmentation
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Method (Computer/Web-based Training, Blended/Instructor-led Training, Video/Audio Recording, Simulation-based Training, Textbooks/Self-study Material, and Others), Service Provider (Educational Institutions, Ed-tech Companies, and Others), and Application (High School, Middle School, Primary School, and Pre-primary School)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Next Education India Pvt. Ltd; McGraw-Hill Education; Emeritus; Chegg Inc.; K12 Inc.; Tal Education Group; Blackboard Inc.; Pearson Education Inc.; Providence Equity Partners LLC; American Public Education; Adobe Systems; Cengage Learning India Pvt. Ltd.; Dhuha International School; Nadeen International School; Stride Inc.; and Dubai International Academy
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K-12 Private Education Market Segment Insights
Based on method, the market is divided into computer/web-based training, blended/instructor-led training, video/audio recording, simulation-based training, textbooks/self-study material, and others. The blended/instructor-led training segment is anticipated to hold a key share of the market owing to the flexibility available to learners to learn and consume the course material at their own pace. Students can learn and revise course concepts and fundamentals through learning management systems (LMS) which are expected to boost the segment.
The computer/web-based training segment is expected to expand exponentially in the coming years owing to the ease of educational content delivery through computer-based training (CBT) courses called courseware. Attending live lectures, video conferencing, and query-solving through email interactions is possible through web-based learning, which is expected to boost the segment. In the post-pandemic era, governments of countries across the globe are developing open-source e-learning platforms.
On the basis of service provider, the global K-12 private education market is divided into educational institutions, ed-tech companies, and others. The educational institutions segment is anticipated to dominate the market during the forecast period due to several options available for students to choose their desired course from. The US boasts the highest number of international students enrolled in the US educational institutions. Curriculums are designed to encourage research, which is expected to propel the segment during the forecast period.
The ed-tech companies segment is anticipated to hold a key share of the market, owing to the growing transition to online learning mediums. Lead nurturing, skill-boosting, and perusal of higher education are major factors responsible for the popularity of ed-tech service providers. Massive Open Online Courses (MOOCs) and distance learning courses offered by ed-tech companies are expected to fuel the segment in the coming years.
Based on application, the market is categorized as high school, middle school, primary school, and pre-primary school. The high school segment is expected to expand at a significant pace during the projection period, owing to a variety of courses on offer for students that include foreign language courses and multiple electives for each grade. The academic courses are designed specifically in a way that students are not overburdened with exam preparations and can take part in sports and extra-curricular activities, which are expected to boost the segment.
The middle school segment is expected to expand at a rapid pace in the coming years with flexibility for learners in switching through course classrooms. Special attention is provided for individual learners with assessments of individual subjects such as fine arts, mathematics, physical training, social studies, and sciences, which is anticipated to propel the segment during the forecast period.
In terms of region, the global K-12 private education management market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period due to technological advancements in IT infrastructure and robust digital infrastructure. Increased AR & VR capabilities with enhanced high-speed internet and 5G technologies are expected to boost the market in the region.
The market in Asia Pacific is projected to grow at a rapid pace in the coming years, due to the rising need in preparing for competitive exams. Growing competition for STEM courses is expected to drive the K-12 private education management market.
Segments
The global K-12 private education management market has been segmented on the basis of
Method
- Computer/Web-based Training
- Blended/Instructor-led Training
- Video/Audio Recording
- Simulation-based Training
- Textbooks/Self-study Material
- Others
Service Provider
- Educational Institutions
- Ed-tech Companies
- Others
Application
- High School
- Middle School
- Primary School
- Pre-primary School
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Next Education India Pvt. Ltd
- McGraw-Hill Education
- Emeritus
- Chegg Inc.
- K12 Inc.
- Tal Education Group
- Blackboard Inc.
- Pearson Education Inc.
- Providence Equity Partners LLC
- American Public Education
- Adobe Systems
- Cengage Learning India Pvt. Ltd.,
- Dhuha International School
- Nadeen International School
- Stride Inc.
- Dubai International Academy
Competitive Landscape
Next Education India Pvt. Ltd; McGraw-Hill Education; Emeritus; Chegg Inc.; K12 Inc.; Tal Education Group; Blackboard Inc.; Pearson Education Inc.; Providence Equity Partners LLC; American Public Education; Adobe Systems; Cengage Learning India Pvt. Ltd.; Dhuha International School; Nadeen International School; Stride Inc.; and Dubai International Academy are some key players in the global K-12 private education management market.
These companies are adopting strategies through building localized webpages with embedded localized keywords, the inclusion of reviews in the form of digital experiences and social proofs, building local search networks, and entering new market spaces, for expanding their consumer base worldwide.
- In January 2022, Pearson acquired Credly, a leading provider of digital workforce credentialing. The acquisition further strengthened the company's presence in workforce skill development, learning, workforce analysis, and assessments.
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In May 2021, Emeritus, a global leader in providing high-end educational services and, is one of the fastest-growing skill development platforms announced a definitive agreement for acquiring iD Tech a leader in STEM education services. The deal was valued at USD 200 Mn.
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