The global K-12 private education market size is expected to reach USD 15,780.8 million by 2032, according to a new study by Polaris Market Research. The report “K12 Private Education Market Share, Size, Trends, Industry Analysis Report, By Method; By Service Providers; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
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.
In addition, the technology includes unique features like wireless projection and smart writing to enhance the user experience for a variety of applications, including education, training, community gatherings, and many others. The IdeaHub Board is available in 65-inch and 86-inch sizes and can be mounted on the floor or the wall and used in offices and classrooms. As a result, numerous initiatives, tools, and services to boost academic achievement are included in the learning trend.
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The use of big data, AI, and EdTech solutions in K-12 education is increasing, leading to the development of new techniques for informed decision-making and improved educational effectiveness. This trend is being driven by the adoption of innovative solutions like e-books, AR/VR interactive content, and university-approved online courses. There is also an increased focus on STEM education due to the rising demand for job opportunities in these fields. Various educational institutions and organizations are receiving significant funding to implement these technologies, and the k-12 education market size is expected to grow as a result.
K12 Private Education Market Report Highlights
Polaris Market Research has segmented the K12 Private Education market report based on method, service providers, application, and region:
K12 Private Education, Method Outlook (Revenue - USD Million, 2019 - 2032)
K12 Private Education, Service Providers Outlook (Revenue - USD Million, 2019 - 2032)
K12 Private Education, Application Outlook (Revenue - USD Million, 2019 - 2032)
K12 Private Education, Regional Outlook (Revenue - USD Million, 2019 - 2032)