BANGALORE, India , Oct. 25, 2022 /PRNewswire/ — The Online K12 Education Market is Segmented by Type (Elementary education(Grades 1-5), Junior high education(Grades 6-8), Senior high education(Grades 9-12), by Application (Parents, Teacher, Students), by Platform (Laptops/Chrome Books, Gamification, Mobile, Tablet): Global Opportunity Analysis and Industry Forecast, 2023-2028. It is published in Valuates Reports under the Primary & Secondary Schooling (K-12) Category.
Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, the global Online K-12 Education market is projected to reach USD 12930 Million by 2028 from an estimated USD 8011 Million in 2022, at a CAGR of 8.3% during 2023 and 2028.
Major factors driving the growth of the Online K-12 Education market:
The Online K-12 Education market is anticipated to increase as a result of benefits including the personalized and interactive learning environment provided by this medium.
The Online K-12 Education market is also expected to benefit from trends like microlearning and the decline in infrastructure costs, which are expected to function as assets and assist the industry to grow as predicted and experience high demand over the forecast period.
Additionally, government and non-profit funding for online education have a significant impact on the expansion of the Online K-12 Education market.
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TRENDS INFLUENCING THE GROWTH OF THE ONLINE K-12 EDUCATION MARKET:
Schools and other educational institutions have been compelled to switch to online learning platforms due to the pandemic’s unexpected onset. This in turn has increased the growth of the Online K-12 Education market. Elearning and software solutions offer coordinated corporate resource planning tools that make it possible to create better courses and effectively run classes. Online platforms build virtual classrooms that give professors the freedom to manage a sizable audience without worrying about spending too much money. There are more one-on-one interactions between professors and students.
The demand for online K12 education has increased as a result of the growing employment opportunities in STEM sectors. Candidates for admission to higher education institutions must successfully pass competitive exams with high grades. Therefore, basic Online K12 Education is stressed in schools all over the world by parents, students, and many stakeholders. This factor is expected to drive the growth of the Online K 12 Education market.
Since every kid is unique, they cannot all be forced to understand anything in the same way. Some grade school pupils comprehend concepts better when they read, while others do so when they watch something, and still, others do so when they use both of these methods. In addition, by using technology, even the most complex ideas might be explained to pupils in a way that suits their learning styles, interests, and areas of strength. All types of students can succeed thanks to this without any limitations. This is expected to drive the growth of the Online K-12 Education market.
Technology has led to an increase in the adoption of learning management systems (LMS), software, or web-based programs that give users access to a central, integrated location for educational materials, including content resources, assessment tools, grading tools, and administration tools. Additionally, government and non-profit funding for online education have a significant impact on the expansion of the target market.
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K-12 ONLINE EDUCATION MARKET SHARE:
The two largest markets, North America and Europe account for a market share of 40% during the forecast period.
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Key Players:
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SIMILAR REPORTS:
– Academic e-learning market size was USD 5.67 Billion in 2021, which will grow with a CAGR of 12.4% from 2022-2028.
– K12 Education Learning Management market size is projected to reach USD 3691.6 Million by 2028, from USD 1052.5 Million in 2021, at a Compound Annual Growth Rate (CAGR) of 19.4% during 2022-2028.
– K-12 Education market size is projected to reach USD 3619.8 Million by 2028, from USD 1052.5 Million in 2021, at a CAGR of 19.0% during 2022-2028.
– K12 Tutoring market size is projected to reach USD 3619.8 Million by 2028, from USD 1052.5 Million in 2021, at a CAGR of 19.0% during 2022-2028.
– K-12 International Schools market size is projected to reach USD 13560 Million by 2028, from USD 7608.1 Million in 2021, at a CAGR of 8.5% during 2022-2028.
– Global K12 Coding Courses Market Research Report 2022
– K12 Education Learning Management market size is projected to reach USD 3691.6 Million by 2028, from USD 1052.5 Million in 2021, at a CAGR of 19.4% during 2022-2028.
– K12 Education Learning Management market size is projected to reach USD 3691.6 Million by 2028, from USD 1052.5 Million in 2021, at a CAGR of 19.4% during 2022-2028.
– K-12 Software market size is projected to reach USD 3619.8 Million by 2028, from USD 1052.5 Million in 2021, at a CAGR of 19.0% during 2022-2028.
– K12 Education Technology market size is projected to reach USD 56490 Million by 2026, from USD 11850 Million in 2019, at a CAGR of 25.0% during 2021-2026.
– Global K12 Art Course Market Research Report 2022
– Global K-12 Assessment Market Insights, Forecast to 2028
– Global Cloud Computing in K-12 Market Insights, Forecast to 2028
– Global K-12 Instruction Material Market Insights and Forecast to 2028
– Global K-12 School Management System Market Insights, Forecast to 2028
– Global K12 Online Tutoring Market Size, Status and Forecast 2021-2027
– Global Blended E-learning Market Size, Status and Forecast 2021-2027
– e-learning market revenue is about USD 15,000 Million. The expected CAGR of 2021-2028 is 6.5%.
– Digital Education Market size is expected to grow at the rate of 33.28% CAGR by 2026.
– Self-Paced E-Learning market size is estimated to be worth USD 6830.8 Million in 2021 and is forecast to a readjusted size of USD 6830.8 Million by 2028 with a CAGR of 8.2% during the review period.
– Digital Educational Publishing market size is projected to reach USD 14580 Million by 2028, from USD 8324.5 Million in 2021, at a CAGR of 7.9% during 2022-2028.
– Global Digital Instructor-Led Online Education Market Insights, Forecast to 2028
– Global E school Market Size Status and Forecast 2021 2027
– Back-to-school market size was valued at USD 66.1 Billion in 2020 and is projected to reach USD 131.1 Billion by 2030, registering a CAGR of 4.8% from 2021 to 2030.
– Corporate E-Learning market size was value at USD 22.5 Billion in 2021 and is forecast to reach size of USD 44.6 Billion by 2028 with a CAGR of 10.5% during the forecast period 2022-2028.
– E-Learning VR Market size is projected to reach USD 300.3 Million by 2028, from USD 65 Million in 2021, at a CAGR of 23.8% during 2022-2028.
– Corporate learning management system (LMS) market size is projected to reach USD 9296 Million by 2026, from USD 2136.9 million in 2019, at a CAGR of 22.8% during 2021-2027.
– Learning Analytics market size is projected to reach USD 9611.6 Million by 2027, from USD 2483.7 Million in 2020, at a CAGR of 20.8% during 2021-2027.
– Learning management system market size was valued at USD 1.2 Billion in 2020 and is projected to hit USD 3.6 Billion by 2027, at a CAGR of 20.76% from 2020 to 2027.
– Mobile Learning market size is projected to reach USD 76520 Million by 2028, from USD 20020 Million in 2021, at a CAGR of 20.6% during 2022-2028.
– Social and Emotional Learning (SEL) Market size is projected to reach USD 5919.5 Million by 2028, from USD 1735.3 Million in 2021, at a CAGR of 18.8% during 2022-2028.
– Online Language Learning market size is projected to reach USD 31250 Million by 2027, from USD 9667 Million in 2020, at a CAGR of 18.1% during 2021-2027.
– Game-based Learning market size is projected to reach USD 18120 Million by 2028, from USD 5715.2 Million in 2021, at a CAGR of 17.3% during 2022-2028.
– Digital Badges Market was valued at USD 118.9 million in 2021 which is expected to reach 365.1 million by 2028 at a CAGR of 17.1% from 2022-2028.
– EdTech market size was valued at USD 85 Billion in 2021, it is expected to reach over 230 Billion U.S. dollars by 2028, growing at a CAGR of 15% during 2022-2028.
– Education Technology and Smart Classroom market size is projected to reach USD 239900 Million by 2028, from USD 92870 Million in 2021, at a CAGR of 14.3% during 2022-2028.
– Smart Education and Learning market size is projected to reach USD 730500 Million by 2027, from USD 281680 Million in 2020, at a CAGR of 14.1% during 2021-2027.
– Smart Education market size is projected to reach USD 61.7 Billion by 2027, from USD 24.8 Billion in 2020, at a CAGR of 13.9% during 2021-2027.
– Education Software market size is projected to reach USD 6735.9 Million by 2026, from USD 3244.4 Million in 2019, at a CAGR of 11.0% during 2021-2026.
– Virtual Classroom market size is projected to reach USD 16020 Million by 2027, from USD 8602.8 Million in 2020, at a CAGR of 9.2% during 2021-2027.
– Education ERP market size is projected to reach USD 15470 Million by 2027, from USD 8397.9 Million in 2020, at a CAGR of 9.0% during 2021-2027.
– Private Tutoring market size will be USD 236 Million and it is expected to reach USD 391.5 Million by the end of 2027, with a CAGR of 8.8% during 2021-2027.
– Medical education market size was valued at USD 74.5 Billion in 2020 and is projected to reach USD 122.8 Billion by 2027 at a CAGR 7.60%.
– Interactive whiteboard (IWB) market size was valued at USD 4.29 Billion in 2020, and is projected to reach USD 7.35 Billion by 2030 to register a CAGR of 6.0% from 2021 to 2030.
– School and Campus Security market size is projected to reach USD 2940.3 Million by 2027, from USD 1389.8 Million in 2020, at a CAGR of 11.2% during 2021-2027.
– Classroom Management Software Market
– Global School Resource Management Software Market Insights, Forecast to 2028
– Global Content Authoring Tools Market Size, Status and Forecast 2022
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