The global K-12 private education market size is expected to reach USD 3.85 billion by 2030 according to a new study by Polaris Market Research. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Reserved teaching efficiency programs are expected to fuel economic growth worldwide. For instance, according to its ‘Vision 2030,’ Saudi Arabia plans to increase reserved teaching by 25% by 2030. In line with this, the government gradually removed the owner’s limits on foreign corporations in 2017 to establish a partnership with the local partners and collaborators through 100 percent ownership. Further, in December 2021, Tmrw, a revolutionary and scalable Learning Operating System (LearnOS) for international teaching were launched to ensure that every child receives high-quality teaching.
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Its extensible All-In-One Integrated Platform is designed to be cheap and accessible to government-funded schools in developed and developing countries. Throughout time, Tmrw’s objective has been to support learning, teaching, and the operational demands of K12 teaching, higher teaching, and life-long studying. Based on the method, the web training segment accounted for the leading share in the industry in 2021.
WBT, on the other hand, is predicted to grow in popularity to the point where premier research universities are willing to provide online Ph.D. programs. Web-based training (WBT) is internet-based learning, available on the company’s intranet. Typical technology include audio/video streaming, seminars, forums, and instant messaging. WBT is used by many institutions, including the military, elementary/secondary schools, colleges, universities, and law enforcement.
Industry players such as American Public Education, Adobe Systems, Blackboard Inc., British International School of Jeddah, Chegg Inc., Dhuha International School, Cengage Learning India Pvt. Ltd., Tal Education Group, Dubai International Academy, McGraw-Hill Education, Nadeen International School, Newsela, Pearson Education Inc., K12 Inc., Providence Equity Partners LLC, Stride Inc., and Next Education India Pvt. Ltd, are some key players operating in the global industry.
Polaris Market Research has segmented the K-12 private education market report based on method, service providers, application, and region:
K-12 Private Education, Method Outlook (Revenue – USD Billion, 2018 – 2030)
- Blended/instructor-led training
- Computer/web-based training
- Textbooks/self-study material
- Video/audio recording
- Simulation-based training
K-12 Private Education, Service Providers Outlook (Revenue – USD Billion, 2018 – 2030)
- Ed-tech companies
- Educational Institutions
K-12 Private Education, Application Outlook (Revenue – USD Billion, 2018 – 2030)
- Pre-Primary School
- Primary School
- Middle School
- High School
K-12 Private Education, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa