K-12 is that the term commonly used for talking a couple of person’s initial 13 years of schooling before coming into university. It is additionally referred to as Elementary and Secondary education of a student. At the age of five- or six-years education starts. And therefore the education of student between the ages of 12 to 18 is outlined because the Secondary education. Elementary education is mostly going down in grade school. Once primary school, secondary education takes place in high school. It is more segmental into junior high and senior high education.
According to the study, ‘Global K 12 Education Market to reach USD XXX Billion by 2026.’specific that there are some corporates that presently further more successfully for dominant the foremost effective growth of the market and getting the productive competitive edge whereas acceptive the productive profit making ways throughout which at intervals throughout which and policies like joint ventures, mergers and acquisitions, partnership, merger and merchandise development includes TAL Education Group, Educomp Solutions Ltd, Next Education India Pvt Ltd, Tata Class Edge, Blackboard Inc., IBM Corporation, Chungdahm Learning, Dell, Adobe Inc., Samsung.
Whereas, the fast unfold of COVID-19 across the world, varied economies declared lockdown because of those teachers are choosing for online & digital medium for taking lectures. Also, the quick expansion in online education & technological innovation and advancement adopted in education sector across the globe is predicted to drive the expansion of market over the forecast years. For example: As per the study of Shift Disruptive E-learning, e-learning needs 40-60% less worker time compared to the standard classroom setting, 25-60% of increase in retention rates compared to room learning that is 8-10%. Also, in keeping with the World Education Services, the global e-learning market is predicted to grow till USD 331 billion by 2025 with the increase in Massive Open online courses (MOOC) from 6850 in 2016 to 9400 in 2017 and In keeping with the Holon IQ, the factitious intelligence based educational technology expenditure is on 2018 was USD 0.8 billion in 2018 and projected to USD 6.1 billion until 2025. Also, the robotics-based technology is USD 1.3 billion and expected to grow USD 3.1 billion until 2025. However, increasing price of Higher education are the factors hamper the growth of market over the forecast years.
The regional investigation of global K 12 Education market is taken into the account for the key regions like Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is that the leading country over the world in terms of market share attributable to the adoption of advance technologies and innovation in education sector. Whereas, Asia-Pacific is additionally anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors like favourable government initiatives and increasing adoption of on-line learning initiative in educational sectors within the region would produce lucrative growth prospects for the K 12 Education market across Asia-Pacific region.
Furthermore, the increasing job opportunities in science, technology, engineering, and mathematics (STEM) fields have boosted the demand for STEM education. Students who successfully score high grades in competitive examinations are eligible for admission into higher educational institutions. Hence, parents, students, and various stakeholders are placing greater emphasis on basic STEM education in schools across the world. Thus, the K 12 Education market will increase in upcoming years.
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Ankur Gupta, Head Marketing & Communications