“According to the research report published by Polaris Market Research, the Global K-12 Private Education Market Size Is Expected To Reach USD 3.85 Billion By 2030. , at a CAGR of 6.6% during the forecast period.”
Overview
K-12 private education stands for kindergarten to 12th grade. The education sector involves institutions providing learning and training experiences in various subjects. The development of the K-12 private education industry is supposed to have driven the growth of the use of educational technology resources in the academic and non-academic sectors.
Technological advancements in the teaching sector, installing robots by public-private players, growing government funding for the teaching sector, and growing awareness amongst people for primary teaching are propelling the K-12 private education market growth during the forecast period.
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The Major Players Covered in the Report are:
- Adobe Systems
- American Public Education
- Blackboard Inc.
- British International School of Jeddah
- Cengage Learning India Pvt. Ltd.
- Chegg Inc.
- Dhuha International School
- Dubai International Academy
- K12 Inc.
- McGraw-Hill Education
- Nadeen International School
- Newsela
- Pearson Education Inc.
- Providence Equity Partners LLC
- Stride Inc.
- Tal Education Group
- Next Education India Pvt. Ltd.
Sample Report Includes
- Market Overview
- Industry segmentation
- Growth Trends
- Graphical Representation of Size, Share, and Trends
- List of Table & Figures
- Investment opportunities
- Regional Analysis
- Cost structure analysis
- Competitive landscape
- Industry drawbacks & challenges
- Facts and Factors Methodology
- Value Chain and Sales Analysis
- Market Forecast
K-12 Private Education Market: Growth Drivers
Integration of intelligent technologies in classrooms to push the market
The demand is led by schools moving to a learning atmosphere from the traditional blackboard approach to integrating smart technologies. The point of concentration is the broad spectrum of programs, resources, and services focused on enhancing student economic outcomes. STEM training demand has been enhanced by increased career possibilities in science, technology, engineering, and mathematics. Students who have successfully obtained a growing degree of competition are qualified to join higher schools. This makes parents, students, and different partners in schools globally more concentrated on STEM primary education.
The popularity of learning analytics in the educational sectors has grown, such as technical innovations and the usage of big data. Using LA boosts educational establishments to offer a customized learning method. Besides, robotics may also assist children who are educated at home or do not have enough supplies for human experts.
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Geographic Overview: K-12 Private Education Market
The emergence of the Asia Pacific region propelled the market
Regarding geography, Asia Pacific had the highest K-12 private education market share. Many factors, including the growing need for competitive exam preparation and standardization, contribute to the rise of the region’s K-12 private teaching sector. STEM’s increasing competition would escalate market demand for the K-12 private schooling sector.
K-12 Private Education Market: Report Segmentation
Insight By Service Providers
The growing usage of teaching technology services to boost the market
Based on service providers, the Ed-tech companies segment was the most significant revenue contributor in the global K-12 private education market. It is anticipated to retain its dominance in the foreseen period. Expanding and using teaching technology services in the academic and non-academic sectors should have broadened the K-12 private training business.
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Key Players
Some of the major players operating in the global K-12 private teaching market include Adobe Systems, American Public Education, Blackboard Inc., British International School of Jeddah, Cengage Learning India Pvt. Ltd., Chegg Inc., Dhuha International School, Dubai International Academy, K12 Inc., McGraw-Hill Education, Nadeen International School, Newsela, Pearson Education Inc., Providence Equity Partners LLC, Stride Inc., Tal Education Group, and Next Education India Pvt. Ltd.
Recent Developments
In March 2020, due to the coronavirus scare, Indian ed-tech major BYJU’S announced to provide free access to its complete app to school students till April. The company registered an immediate three times increase in the number of users. As many as six million new students joined the platform in March alone.
K-12 Private Education Market: By Method Outlook
- Blended/Instructor-led Training
- Computer/Web-based Training
- Textbooks/Self-study Material
- Video/Audio Recording
- Simulation-based Training
- Others
K-12 Private Education Market: By Service Providers Outlook
- Ed-tech Companies
- Educational Institutions
- Others
K-12 Private Education Market: By Application Outlook
- Pre-primary School
- Primary School
- Middle School
- High School
K-12 Private Education Market: By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Austria, Spain, Netherlands)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- The Middle East & Asia (Saudi Arabia, UAE, Israel, South Africa)
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