Future Growth Prospects of K12 Education Market Expected to Reach USD 324.5 Billion by 2030, Predicting 20.15% CAGR - K12 Education Industry Trends, Share, Value, Analysis & Forecast Report by Facts and Factors

K12 Education Market: Overview

K12 education refers to the kindergarten to the 12th-grade education system in the US and many other parts of the world like India, Canada, Australia, China, South Korea, Iran, Philippines, and Afghanistan amongst others. It is an expression used to indicate the number of educational years that are publicly supported including primary and secondary education. K12 education which starts from pre-primary grade and ends at the 12th grade is for students within the age group of 5 to 18 years with the first age group corresponding to the first grade and the last age group belonging to the last education grade.

In public schools, K12 education is free whereas, in private schools or state-affiliated education, centers charge a nominal amount for conducting classes. In Australia, K12 is sometimes referred to as P-12, especially in Queensland. The p-12 curriculum caters to the education needs of students for 13 years starting from prep and ending at the 12th grade.

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Facts and Factors published the latest report titled "K12 Education Market Size, Share, Growth Analysis Report By Application (Pre-Primary School, Primary School, Middle School, and High School), By Deployment (On-Premises and Cloud), By Type (Public & Private), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030" into their research database.

K12 Education Market: Growth Drivers

The global K12 education market is projected to reach surging heights due to factors like growing employment rates with the rising number of dual-income families allowing them access to higher disposable income to be spent on the child's education. Another important social factor is the declining number of children per couple where many urban and rural couples voluntarily choose to have no more than 2 children. Such factors are beneficial for the overall economic health of the family as they can ultimately concentrate on the well-being of limited people.

Further, the growth in the online learning segment encouraged by rising access to digital devices like smartphones, laptops, tablets, and personal computers may add to the global market revenue during the forecast period. Many state governments run several initiatives to attract more students to public school systems, especially for the underprivileged section of the regional population. These activities are undertaken by various non-governmental organizations (NGOs) as well. For instance, the Akshaya Patra Foundation is an NGO that works toward providing nutritious food to school children in public schools to combat child malnutrition and also act as a means for attracting more students.

K12 Education Market: Restraints

The global market growth may face limitations due to the ongoing political turmoil and war-like situations in various parts of the world that not only impact the overall regional economy but has also affected the lives and futures of millions of children caused by the demolition of schools or other educational centers and the displacement of families.

For instance, since 15th August 2021, the Taliban government in Afghanistan has completely banned the entry of female students into schools or colleges. Other factors like the rising poverty rate in under-developed countries, growing corruption in the education system, and issues related to child's physical and mental safety could lead to further decline in the global market.

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Global K12 Education Market: Segmentation Analysis

The global K12 education market is segmented based on application, deployment, type, and region

Based on deployment, the global market is segmented into on-premises and cloud

Based on application, the global market is divided into pre-primary school, primary school, middle school, and high school.

Based on type, the global market is divided into public and private

Recent Developments:

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List of Key Players in K12 Education Market:

Some of the main players in the global K12 Education market include;

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Report Scope:

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Regional Analysis:

North America is anticipated to lead the global K12 education market owing to the increased funding received by the public-school segment which offers free educational programs to the students. In 2021, the US government spent more than USD 260 billion on education. Growth in Asia-Pacific is projected to be led by the rising number of private K12 centers offering courses across price ranges allowing low-income or medium-income families to spend on their child's education.

Furthermore, factors like the increasing entry rate of international players and strategic collaborations amongst existing private colleges with technology companies to introduce advanced systems in the curriculum as well as the rise in the number of state-affiliated centers could drive regional growth.

Global K12 Education Market is segmented as follows:

By Application

By Deployment

By Type

By Region

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