K12 Education Technology Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
K-12 education technology refers to digital tools, resources, and platforms that are specifically tailored to support teaching, learning, and administrative tasks. K-12 education technology is utilized to integrate digital tools and resources into teaching and learning processes within primary and secondary education settings.

Sizing and Forecast
The K12 education technology market size has grown exponentially in recent years. It will grow from $20.02 billion in 2023 to $25.60 billion in 2024 at a compound annual growth rate (CAGR) of 27.9%.  The growth in the historic period can be attributed to the introduction of personal computers, the availability of the internet and the development of the World Wide Web, the proliferation of smartphones, the rise of cloud computing, and the introduction of interactive whiteboards.

The K12 education technology market size is expected to see exponential growth in the next few years. It will grow to $68.77 billion in 2028 at a compound annual growth rate (CAGR) of 28.0%.  The growth in the forecast period can be attributed to increased investment in education technology, growing demand for customized learning solutions, shift towards remote and hybrid learning, increasing use of gamified learning platforms, and proliferation of startups and innovations. Major trends in the forecast period include the integration of artificial intelligence, expansion of online and blended learning, growth in gamification, integration of coding and STEM education, and advancements of cloud-based solutions.

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Segmentation & Regional Insights
The k12 education technology market covered in this report is segmented –

1) By Type: Hardware, Solution, Software, Support, Learning Content Management Systems (LCMS), Learning Management Systems (LMS), Learning Content Development Systems (LCDS), Assessment Systems, Student Response Systems (SRS), Other Types
2) By Technology: Educational Gaming, Educational Analytics, Educational Enterprise Resource Planning (ERP), Educational Security, Educational Dashboard
3) By Applications: Online, Offline
4) By Downstream Industry: Pre-Primary School, Primary School, Middle School, High School

North America was the largest region in the K12 education technology market in 2023. The regions covered in the K12 education technology 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 involvement of the government in enhancing the education system is expected to propel the growth of the K–12 education technology market going forward. The educational system refers to the framework and structure comprising institutions, policies, and practices designed to facilitate learning and development within a society. The rising government involvement in the education system reflects a growing recognition of education's crucial role in national development, economic competitiveness, and social equity. The government's involvement in K-12 educational technology aims to ensure equitable access, promote innovation, and enhance digital literacy among students nationwide. For instance, in December 2023, according to GOV.UK, a UK-based public sector information website, the amount of money schools receive for each primary student who needs extra help will go up to $1,881, and for each secondary student, it will be $135 in the years 2024–25. This is 10% higher than in 2021–22. In total, schools will get more than $3.69 billion to help students in disadvantaged areas do better in school. Therefore, the involvement of the government in enhancing the education system is driving the growth of the K–12 education technology market.

Key Industry Players
Major companies operating in the K12 education technology market are  Apple Inc., Google LLC, Samsung Electronics Co Ltd, Microsoft Corporation, International Business Machines (IBM) Corporation, Pearson plc, TAL Education Group, VIPKID, Sanoma, BlackBoard, BYJU'S, PowerSchool, Acro Platform Ltd, Chungdahm Learning, Tata Class Edge, Learnosity, Illuminate Education, iTutorGroup, Educomp Solutions Limited (ESL), Kroton Educacional SA, D2L Corporation, Toppr

The k12 education technology market report table of contents includes:

1. Executive Summary
2. Hollow Fiber Membranes Market Characteristics
3. Hollow Fiber Membranes Market Trends And Strategies
4. Hollow Fiber Membranes Market - Macro Economic Scenario
5. Global Hollow Fiber Membranes Market Size and Growth

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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix


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