K12 Education Technology market will register a 25.9% CAGR in terms of revenue, the global market size will reach US$ 29160 million by 2026.
The industry is primarily driven by the proliferation of smart devices and seamless internet connectivity. Additionally, increasing awareness pertaining to the advantages of technology integration in the education sector is stimulating market growth. K12 is currently making more space compare to offline Education Tehnology. In recent years, there has been a tremendous shift taking place in the education sector from conventional exam-oriented learning to a personalized and interactive learning approach. Digitization is increasingly penetrating the education sector with technologies used to deliver education, skills, and knowledge in new and creative techniques.
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The increasing demand among parents for instruments that engage and educate their children are also considered to be contributing factors, as is the proliferation of smart devices and seamless internet connectivity and increasing awareness pertaining to the advantages of technology integration in the education sector.
EdTech is expected to play a crucial and significant role in creating jobs for future generations. Education across the globe is shifting towards student-centric and more inclusive learning. A key component of making an inclusive learning environment is implementing assistive technologies in an attempt to better cater to students with special needs. In recent years, technology has revolutionized education significantly with the implementation of EdTech solutions, such as Student Information System (SIS), smartboards (whiteboards and interactive boards), and test prep software.
The Asia Pacific is expected to witness the highest growth during the forecast period. The growing prevalence of computing and smart devices among the masses can be attributed to the growth of the Asia-Pacific region. In recent times, a surge of affordable internet connectivity has been seen in developing countries such as India, leading to wider adoption of K-12 education technology.
Market Segments: The Global K12 Education Technology Market has been divided into type, application, and region.
Segmentation by type :
Learning Management Systems (LMS)
Learning Content Management Systems (LCMS)
Learning Content Development Systems (LCDS)
Student Response Systems (SRS)
Segmentation by application:
Some of the top companies in the k-12 education technology market are
- VIP Kid
- Acro Platform Ltd
- Illuminate Education
- Noon Academy
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Table of content :
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global K12 Education Technology Market Size 2016-2026
2.1.2 K12 Education Technology Market Size CAGR by Region 2020 VS 2021 VS 2026
2.2 K12 Education Technology Segment by Type
2.2.1 Learning Management Systems (LMS)
2.2.2 Learning Management Systems (LMS)
2.2.3 Learning Content Development Systems (LCDS)
2.2.4 Student Response Systems (SRS)
2.2.5 Assessment Systems
2.2.6 Collaboration Systems
2.3 K12 Education Technology Market Size by Type
2.3.1 Global K12 Education Technology Market Size CAGR by Type
2.3.2 Global K12 Education Technology Market Size Market Share by Type (2016-2021)
2.4 K12 Education Technology Segment by Application
2.5 K12 Education Technology Market Size by Application
2.5.1 Global K12 Education Technology Market Size CAGR by Application
2.5.2 Global K12 Education Technology Market Size Market Share by Application (2016-2021)
3 K12 Education Technology Market Size by Players
3.1 K12 Education Technology Market Size Market Share by Players
3.1.1 Global K12 Education Technology Revenue by Players (2019-2021E)
3.1.2 Global K12 Education Technology Revenue Market Share by Players (2019-2021E)
3.2 Global K12 Education Technology Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2019-2021E)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
The demand for the K-12 education technology market is at a turning point. State and local educational agencies are reinventing themselves around remote learning and increasing the value of cost-effectiveness in spending decisions by tightening school budgets. There’s an increasing demand among parents for instruments that engage and educate their children.
Major factors driving the growth of K-12 education technology market size are the proliferation of smart devices and seamless internet connectivity and increasing awareness pertaining to the advantages of technology integration in the education sector
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