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k 12 private education market

K-12 Private Education Market Share, Size, Trends, Industry Analysis Report, By Method (Blended/Instructor-Led Training, Computer/Web-Based Training, Textbooks/Self-Study Material, Video/Audio Recording, Simulation-Based Training, Others); By Service Providers; By Application; By Region; Segment Forecast, 2022 - 2030

  • Published Date: Feb 2022
  • Pages: 116
  • Format: PDF
  • Report ID: PM2281
  • Base Year: 2021
  • Historical Data: 2018 - 2020

Report Summary

The global K-12 private education market was valued at USD 2.19 billion in 2021 and is expected to grow at a CAGR of 6.6% during the forecast period. Technological advancements in the teaching sector, installing robots by public-private players, increasing government funding for the teaching sector, and increasing awareness among people for primary teaching are driving the K-12 private education market growth during the forecast period.

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Learning analytics and technological advancements, and big data have risen in popularity in the learning sector. The usage of LA encourages informative institutions to create a personalized learning experience. Several measures have been implemented in recent years to improve teaching quality, such as establishing quality assurance authorities, developing guidelines, and fostering technology-driven schooling, among others, resulting in overall learning quality increases.

Moreover, the rising government funding and task force launch for improving schooling are propelling the K-12 private teaching market growth. For instance, in September 2020, Governor Jared Polis established the USD 32.7 million Response, Innovation, and Student Equity Education (RISE) fund to assist high-needs school district lines, independent schools, and government institutions of higher learning in developing sustainable, innovative ways to improve student learning, close investment gaps, and improve productivity for students in grades pre-K through private higher schooling.

Also, in November 2021, Tony Thurmond, the state superintendent of public instruction, has formally created a task force to build and promote children's reading ability. The task committee includes prominent leaders from pre-K-12 private schools, higher teaching, governance, and the nonprofit sectors. The task force will meet once a month, and task force members will form working groups to target specific recommendations to help California kids improve their reading skills.

K-12 Private Education Market 2030

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Industry Dynamics

Growth Drivers
The need for K-12 private teaching is being driven by schools transitioning from the traditional chalkboard approach to integration with smart devices. For instance, in March 2021, the Huawei IdeaHub Board was certified by the TUV Rheinland, which eliminates harmful light and filters harmful rays for a safe visual experience.

Furthermore, the technology includes unique features such as wireless projection and smart writing to improve the user experience for various reasons such as schooling, training sessions, local gatherings, and much more. The IdeaHub Board comes in 65-inch and 86-inch sizes and is appropriate for floor and wall mounting and use in classrooms and offices. Thus, the learning trend covers many initiatives, tools, and services to enhance academic achievement.

Moreover, growing job opportunities in science, technology, engineering, and mathematics have increased the market demand for STEM training. STEM employment is growing faster than non-STEM professions for students with postsecondary teaching. The abilities developed while studying STEM courses, such as critical thinking and problem solving, are transferable to practically all jobs and are in high market demand for most disciplines.

Students who have achieved a high level of competitiveness are eligible to attend higher teaching institutions. As a result, parents, students, and other partners in schools worldwide are becoming more focused on STEM fundamental teaching.

Report Segmentation

The market is primarily segmented based on method, service providers, application, and region.

By Method

By Service Providers

By Application

By Region

  • Blended/Instructor-led Training
  • Computer/Web-based Training
  • Textbooks/Self-study Material
  • Video/Audio Recording
  • Simulation-based Training
  • Others
  • Ed-tech Companies
  • Educational Institutions
  • Others
  • Pre-primary School
  • Primary School
  • Middle School
  • High School
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Austria, Spain, Netherlands)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Asia (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Service Providers

Based on the service providers segment, the Ed-tech companies segment was the most significant revenue contributor in the global K-12 private education market in 2021 and is expected to retain its dominance in the foreseen period. The expansion and usage of teaching technology (EdTech) services in the academic and non-academic sectors should have expanded the k-12 private training business. EdTech products and services are becoming increasingly popular in the K-12 and higher education market.

Geographic Overview

In terms of geography, Asia-Pacific had the highest K-12 private education market share in 2021. Several factors, including the increased need for competitive exam preparation and standardization, contribute to the rise of this region's K-12 private teaching sector. STEM's increasing competition would also increase market demand for the K-12 private schooling sector.

Various government initiatives by many countries in the region are expected to stimulate market demand in the anticipated period. For instance, in response to its rapid digital transformation, India has developed a thorough strategy for making STEM more accessible and appealing to women. This includes everything from instilling a STEM culture in schools to expanding possibilities for women in research and development teams.

Moreover, North America is expected to witness a high CAGR in the global K-12 private education market during the forecast period. The factor driving the K-12 private teaching region's growth is the development of k-12 schooling programs and market demand for teaching technology solutions.

Canada has a significant need for schooling technology solutions and services due to the considerable presence of EdTech companies, smart device makers, and cloud service providers and the widespread acceptance of modern technologies among schools and schooling institutions. SMART Technologies ULC, a Canadian corporation, provides SMART Board interactive displays to help to teach methodologies that improve overall learning.

Competitive Insight

Some of the major players operating in the global K-12 private teaching market include Adobe Systems, American Public Education, Blackboard Inc., British International School of Jeddah, Cengage Learning India Pvt. Ltd., Chegg Inc., Dhuha International School, Dubai International Academy, K12 Inc., McGraw-Hill Education, Nadeen International School, Newsela, Pearson Education Inc., Providence Equity Partners LLC, Stride Inc., Tal Education Group, and Next Education India Pvt. Ltd.

K-12 Private Education Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 2.19 Billion

Revenue forecast in 2030

USD 3.85 Billion

CAGR

6.6% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD Million/Billion and CAGR from 2022 to 2030

Segments covered

By Method, By Service Provider, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key companies

Adobe Systems, American Public Education, Blackboard Inc., British International School of Jeddah, Cengage Learning India Pvt. Ltd., Chegg Inc., Dhuha International School, Dubai International Academy, K12 Inc., McGraw-Hill Education, Nadeen International School, Newsela, Pearson Education Inc., Providence Equity Partners LLC, Stride Inc., Tal Education Group, and Next Education India Pvt. Ltd.

Key Take-Away
Polaris Market Research
Global K-12 Private Education Market Size Report, 2022 - 2030