K12 Education Market Size, Trends, Growth Analysis And Forecast 2024-2033

Overview and Scope

K–12 education, encompasses the schooling provided from kindergarten through 12th grade. This educational system serves as the foundational phase of formal education for children and adolescents, typically ranging from ages 5 to 18. The primary purpose of K–12 education is to provide a comprehensive foundational education that prepares students for higher education, the workforce, and responsible citizenship. This encompasses the development of essential academic skills, social skills, and personal growth.

Sizing and Forecast

The K–12 education market size has grown rapidly in recent years. It will grow from $114.57 billion in 2023 to $130.6 billion in 2024 at a compound annual growth rate (CAGR) of 14%.  The growth in the historic period can be attributed to increases in government funding, standardized testing and accountability measures, rise of technology-driven learning, rise in income, increase in adoption of software tool-based education.

The K–12 education market size is expected to see rapid growth in the next few years. It will grow to $221.46 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%.  The growth in the forecast period can be attributed to increasing use of learning analytics in the educational sector, increasing demand for quality education, increasing global population and the rapid expansion, increasing use of digital system, growing incorporation of technological systems. Major trends in the forecast period include e-learning platforms, hybrid and blended learning models, technological advancements, evolving educational philosophies, and a growing emphasis on equity and student well-being.

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Segmentation & Regional Insights

The k12 education market covered in this report is segmented –

1) By Type: Public K-12 Education, Private K-12 Education, Online K-12 Education

2) By Curriculum:  Core Curriculum, Advanced Placement, International Baccalaureate, Vocational Education

3) By Spend Analysis: Hardware, Software, Other Spend Analysis

4) By Deployment Mode: Cloud, On-Premise

5) By Application: Pre-Primary School, Primary School, Middle School, High School

North America was the largest region in the K-12 education market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the K12 education market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The growing popularity of online learning is expected to propel the growth of the K–12 education market going forward. Online learning is a method of education that takes place over the Internet and allows students to access educational materials and participate in learning activities remotely without being physically present in a traditional classroom setting. With the proliferation of high-speed internet access and the ubiquity of digital devices, online learning platforms have become increasingly popular in K–12 education. Online learning for K–12 education offers a flexible and accessible educational option that complements traditional classroom instruction, providing students with diverse learning opportunities tailored to their needs. For instance, in January 2024, according to Eurostat, a Luxembourg-based government agency, in 2023, the percentage of EU users engaging in online education and accessing courses or materials increased by 2 points to reach 30%, up from 28% in 2022. Therefore, the growing popularity of online learning is driving the growth of the K–12 education market.

Key Industry Players

Major companies operating in the K12 education market are  Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Technologies Inc., Amazon Web Services (AWS), International Business Machines Corporation (IBM), Oracle Corporation, Adobe Inc., Pearson plc, McGraw-Hill Education Inc., Stride Inc. ( K12 Inc.), Cengage Learning Inc. (Cengage Group), TAL Education Group, Blackboard Inc., Coursera Inc., SMART Technologies ULC, D2L Corporation, Finalsite LLC, Tata ClassEdge, Clever Inc., Bettermarks GmbH, Minerva Project Inc.

The k12 education market report table of contents includes:

1. Executive Summary

2. K12 Education Market Characteristics

3. K12 Education Market Trends And Strategies

4. K12 Education Market - Macro Economic Scenario

5. Global K12 Education Market Size and Growth

……….

33. Global K12 Education Market Competitive Dashboard

34. Key Mergers And Acquisitions In The K12 Education Market

35. K12 Education Market Future Outlook and Potential Analysis

36. Appendix

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global K12 Education Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global K12 Education Market, Segmentation By Curriculum, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global K12 Education Market, Segmentation By Spend Analysis, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 76: Apple Inc. Financial Performance

Table 77: Alphabet Inc. Financial Performance

Table 78: Samsung Electronics Co. Ltd. Financial Performance

Table 79: Microsoft Corporation Financial Performance

Table 80: Dell Technologies Inc. Financial Performance

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