K12 Education Technology Market Size, Regional Status and Prospect 2023 | Strategic Investment Plans, Business Opportunities, SWOT Analysis, Regional Growth Challenges upto 2028
K12 Education Technology Market
K-12 (kindergarten through 12th grade) is the term commonly used for talking about a person’s first 13 years of schooling before entering university. It also refers to the Elementary and Secondary education. EdTech enables communication to reach deeper and wider audiences. EdTech has enriched education, reaching various industrial categories such as coding, language, Science, Technology, Engineering, Math (STEM), social-emotional learning, early childhood education and learning management tools. The emergence of Virtual Reality (VR) has also enhanced educational activities, enabling them to become more interactive. There are a few major players in each market category highlighted in the following table. The main consumers in EdTech include K-12 and other students who participate in the educational programs, as well as higher educational institutions and corporations that develop EdTech products.This report focuses on global and United States K12 Education Technology market, also covers the segmentation data of other regions in regional level and county level.Due to the COVID-19 pandemic, the global K12 Education Technology market size is estimated to be worth USD 18830 million in 2022 and is forecast to a readjusted size of USD 71820 million by 2028 with a CAGR of 25.0% during the review period. The K-12 Education Technology market is less concentrated and key players include VIP Kid, Yuanfudao, Byju’s, PowerSchool, Sanoma, Pearson, Kroton, etc. and remarkably, top two companies are from China, altogether held over 13% of the market in 2019. Though now Europe is the leading region in the market, India and China are believed to have faster growing rate. Also it is a relatively new industry, the market is expected to grow rapidly in the following years with 25% per year. The major application area is online, which helf over 85% of the market.K12 Education Technology market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global K12 Education Technology market will be able to gain the upper hand as they use the report as a powerful resource.
Major players covered in K12 Education Technology Market are:
- VIP Kid
- Yuanfudao
- Byju’s
- PowerSchool
- Sanoma
- Pearson
- Kroton
- BlackBoard
- ITutorGroup
- D2L
- Acro Platform Ltd
- Learnosity
- Illuminate Education
- Bettermarks
- Noon Academy
- Toppr
Market Segment by Type:
- Learning Management Systems (LMS)
- Learning Content Management Systems (LCMS)
- Learning Content Development Systems (LCDS)
- Student Response Systems (SRS)
- Assessment Systems
- Collaboration Systems
Market Segment by Application:
- Online
- Offline
The detailed and comprehensive K12 Education Technology Market Report is the key to success in this dynamic and ever-changing industry.
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