K12 Education Market Research, 2031

The global k12 education market was valued at $103.5 billion in 2021, and is projected to reach $525.7 billion by 2031, growing at a CAGR of 17.7% from 2022 to 2031. Virtual online learning in K–12 schools uses a range of electronic communication techniques to conduct the class, including online chat, video conferencing, synchronous conferencing, and specifically built software, with teachers and students geographically separated.

Global schooling challenges have been greatly exacerbated by lockdowns meant to stop the COVID-19 epidemic from spreading. During the COVID-19 epidemic, it was necessary to close schools, colleges, and other educational institutions in order to stop the coronavirus from spreading. Online learning had to be incorporated into schools and institutions' curricula. Students from remote areas of developing and undeveloped countries, however, were unable to buy the technology needed for online instruction. For some of them, having a steady internet connection in these remote regions was a problem. As a result, the COVID-19 epidemic had a big effect on K–12 schooling.

The millennial generation's K–12 kids are digital natives who, generally speaking, are considerably more comfortable with technology than their parents and teachers. Another sector experiencing rapid growth and change is online education for children in grades K–12. K12 education is integrated to enhance time more effectively to meet the needs of all students.

The k12 education market is segmented into Type, Deployment Mode, Application and Spend Analysis.

K12 Education Market

Private held the highest revenue 2021 and is anticipated to continue its dominating over the forcast period. Report code:A47376 | Source : https://www.alliedmarketresearch.com/k12-educatoin-market-A47376

By type, the private sub-segment dominated the K12 education market in 2021. Technology has changed education, such as student information systems (SIS) that simplify attendance tracking and grade books, test prep software, smartboards, and paperless classrooms. These innovations, including AR, VR, machine learning, and digital textbooks, will witness higher growth during the forecast period. Several private educational institutions are focusing on safeguarding confidential data from cybersecurity attacks and how to leverage it to improve student outcomes. All these aforementioned factors are likely to boost the growth of the market.


K12 Education Market

Cloud is anticipated to grow at a fastest CAGR during the forcast period. Report code:A47376 | Source : https://www.alliedmarketresearch.com/k12-educatoin-market-A47376

By deployment mode, the on-premise sub-segment dominated the K12 education market in 2021. The adoption of on-premises is expected to grow significantly in the coming years as it runs in a combination of both private and public clouds and provides benefits such as security, cost, control, and speed. Furthermore, on-premises, all generated data is collected and securely stored in the cloud, where it can be accessed from added complexity and can eliminate many securities risks. These factors are propelling the growth of the on-premise sub-segment.


K12 Education Market

Middle school is anticipated to grow at a fastest CAGR during the forcast period. Report code:A47376 | Source : https://www.alliedmarketresearch.com/k12-educatoin-market-A47376

By application, the high school sub-segment dominated the global K12 education market share in 2021. Many educational systems throughout the world has standardized that a child receives at least the primary and secondary levels of education. Within primary and high school education, gamification is one of the most prevalent trends among online education providers to encourage learning through immersive experiences. Simulation of concepts, level advancement badges, and incentive-based learning drive user engagement on online education platforms. Online learning players nowadays are continuously competing to offer differentiated products to the target audiences, mostly by offering value added services with regular courses.


K12 Education Market

By Region

Hardware held the highest revenue 2021 and is anticipated to continue its dominating over the forcast period. Report code:A47376 | Source : https://www.alliedmarketresearch.com/k12-educatoin-market-A47376

By region, North America dominated the global market in 2021. North America is dominating region in the K12 education market owing to the increase in demand for distance learning during the COVID-19 pandemic. In addition, the COVID-19 pandemic has forced various organizations to adopt digital solutions in a bid to train frontline workers, which in turn, fuels the growth of the market. The U.S. is expected to be a major contributor to the K12 education market owing to the availability of high-speed Internet and the advent of the 5G network. In addition, the 5G network enables service provider to improve learning through the incorporation of AR & VR technologies that require a high-speed Internet connection for effective operation. Moreover, technological advancement in digital infrastructure in the U.S. and Canada is likely to boost the North America K12 education market.

Impact of COVID-19 on the Global K12 Education Industry

  • The COVID-19 pandemic has significantly impacted almost every facet of life, including schooling. Many issues arose as educators transitioned from traditional face-to-face learning to digital platforms for remote teaching, necessitating quick responses and adjustments to policy and procedures in order to deliver equitable and suitable remote learning to all students.
  • The majority of the countries, including the U.S., closed their schools in March 2020, as lockdown protocols were created to stop the virus's spread. During the COVID-19 pandemic, children in schools had to attend coursework online.
  • In post-pandemic period, governments of various countries all over the world are working to create open-source eLearning programs so that all children, despite their technical restrictions, can obtain an education

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the k12 education market analysis from 2021 to 2031 to identify the prevailing k12 education market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the k12 education market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global k12 education market trends, key players, market segments, application areas, and market growth strategies.

K12 Education Market Report Highlights

Aspects Details
Market Size By 2031 USD 525.7 billion
Growth Rate CAGR of 17.7%
Forecast period 2021 - 2031
Report Pages 300
By Type
  • • Public
  • • Private
By Deployment Mode
  • • Cloud
  • • On-Premise
By Application
  • • High School
  • • Middle School
  • • Pre-Primary School and Primary School
By Spend Analysis
  • • Hardware
  • • Software
  • • Others
By Region
  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA (Brazil, Saudi Arabia, UAE, South Africa, Rest of LAMEA)
Key Market Players D2L corporation, Oracle Corporation, Microsoft Corporation, smart technologies, Cengage Group, Samsung Electronics Co Ltd, International Business Machines Corporation, BLACKBOARD MEDIA PRIVATE LIMITED, pearson media company, Adobe Systems Inc.

Analyst opinion

The K12 education industry is anticipated to experience considerable growth in the coming years due to the rise in demand for K12 Education in both private and public education systems. The K12 education system is growing majorly due to the rapid growth in the adoption of portable devices that make it easy to gain knowledge and engage in social activities. Moreover, mobile devices are becoming popular for smart learning. However, for students, e-learning systems are more time- and money-efficient. Learners now have the convenience of education regardless of time or place owing to e-learning systems. These factors are expected to significantly drive the K12 education market growth during the forecast period. In addition, students can arrange their class schedules to suit their needs and lifestyle. This factor motivates people of all ages to adopt e-learning systems. This factor offers enormous growth prospects for the key players operating in the K12 education sector.

Asia-Pacific is anticipated to grow at the fastest CAGR during the forecast period frame. The K–12 education sector is expanding quickly in this region as the students are mostly preferring online learning. The education sector in several countries such as China, India, Indonesia, and Malaysia are making their full K–12 curriculum available online.

REVENUE (2031)

$231.08 Billion

REVENUE GROWTH

CAGR of 13.90%

<
We regularly update our courses and offers, so you can be sure to find the right one for you. Whether you're looking for a new career or just want to brush up on your current skills, our courses are designed to help you reach your goals. Subscribe to our newsletter with your