K-12 Education Market globally is expected to foresee a compound annual growth rate (CAGR) of 32.5% from 2021 to 2028. Advancement in the education sector is the new paradigm shift in the learning of the students with new tools and technologies involved. Technological advancement in this field has a created a new technique highly advanced as compared to the earlier blackboard approach from kindergarten to std. 12th. In the current scenario where COVID -19 pandemic has badly hit the world, online classes for student of different classes is playing a key role in the education system. On the other hand, learning analytics is also playing a key role due to the introduction and popularity of big data and robotics method with the use of robots where there is shortage of human experts. Several government authorities are funding this industry as it provides ease to the student to learn from any place with the help of an internet connection. Adjusting the pace of learning, measuring progress of the students and extra support to the needed student are some of the benefits that are again boosting the growth of this industry. In rural areas where absenteeism is the major factor, K-12 education system would help the students to cope up with this issue by learning at home as well.
The global K-12 Education market is segmented on the basis of by type, by application and by geography. By type, the market is sub-segmented into public K-12 education, private K-12 education and online K-12 education. Under the by application segment scope, the sub-segments covered are pre-primary school, primary school, middle school and high school. By geography scope covered are North America, Europe, Asia Pacific and Rest of the World (RoW). North America covers the U.S., Canada and Mexico. The countries covered under the Europe region are the UK, France, Germany, Italy, Spain and Rest of Europe. South & Central America, Middle East and Africa are covered under Rest of the World. Among different geographies, Asia Pacific is experiencing the fastest growth and is expected to be one of the leading regional markets globally. The growth in the Asia Pacific region is attributes to huge customers bases, rising internet penetration, increasing adoption of smartphones in rural areas even and rising trend for online learning. There are several countries adopting entire K-12 curriculum online. Some of the leading countries of Asia Pacific holding huge growth potential in the region are India, China, Malaysia and Indonesia.
Some of the key players operating in the K-12 education market are Cengage Learning India Pvt. Ltd., 12 Inc., Blackboard Inc., McGraw-Hill Education, Pearson Education Inc., Tata Class Edge, Educomp Solutions, Next Education India Pvt. Ltd., Adobe Systems, and TAL Education Group, among others.
Scope of the Global K-12 Market
Market Segmentation By Type (Revenue, USD Million, 2019 - 2028)
Market Segmentation By Application (Revenue, USD Million, 2019 - 2028)
Market Segmentation By Geography (Revenue, USD Million, 2019 - 2028)