K-12 education technology market Size, Share, Growth, And Industry Analysis, By Type (Public K-12 Education, Private K-12 Education, and Online K-12 Education), By Application (Pre-primary School, Primary School, Middle School, and High School), Regional Forecast By 2031

Updated On: 08 April 2024

K-12 education technology market Report Overview

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The global K-12 education technology market size was USD 1100 million in 2021. As per our research, the market is expected to reach USD 8,784.93 million by 2031, exhibiting a CAGR of 21.28% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with K-12 education technology market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.  The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

Technology in physical education refers to the application of technology in this field. It can involve employing digital equipment to monitor motion and activity, creating immersive workout experiences with virtual reality, or fusing parts of video games with more conventional exercises. Technology used in physical education has been proven to be an excellent tool to get people moving and can speed up the learning process for new exercises. Depending on the particular instrument or application, the significance of technology in physical education can change. However, generally speaking, it can aid in enhancing student engagement and learning opportunities, improving the effectiveness and efficiency of teaching, and offering useful information that can be used to enhance program outcomes.

COVID-19 Impact: Virtual Education to Boost Market Growth

According to the market study on education technology, the COVID-19 saw an unanticipated surge in the education sector, which had an effect on learning. For instance, according to educational platforms the market attracted 35 million new users between the first and second quarters of 2020, which represents the expansion of the business and the sector during the pandemic crisis. Learning remotely had become second nature to both educators and students, dramatically enhancing their computer literacy, typing speed, and even tiny details like email etiquette. Although younger kids had more difficulty navigating their education online, they have overcome these difficulties and picked up new abilities that will be crucial as they age.

Universities throughout the world have reacted to COVID-19 in various ways. Some have kept face-to-face instruction going while socially isolating their students, while others have postponed all academic activity or even switched to online learning. Most universities throughout the world adopted this most recent change.

Latest Trends

"User Friendly Interface of the Technology to Augment Market Growth"

The main driver of demand for Ed Tech and smart classroom equipment is how simple it is to use and how well it teaches. In addition, the market is benefiting from the growing technological literacy and global internet adoption. The need for Ed Tech and smart classrooms will rise in the near future as more nations adopt digital and e-learning education strategies to encourage literacy among the populace.

K-12 education technology market Segmentation

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• By Type Analysis

According to type, the market can be segmented into public k-12 education, private k-12 education and online k-12 education.

In terms of product, online k-12 education is the largest segment.

• By Application Analysis

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

In terms of application, middle school and high school is the largest segment.

Driving Factors

"Increased Usage of the Technology to Provide Impetus to the Market"

The spread of smart gadgets in the market, which has assisted in changing the educational sector's gears, is a primary driver of the educational technology business. It is projected that the increasing use of education technology tools in both academic and non-academic areas will positively affect market growth. The usage of EdTech products and services has expanded in the K–12 and higher education sectors. In addition to formal schooling, adults are increasingly using digital learning to expand their skill sets throughout their employment.

Technology is expected to be crucial in helping adults overcome a number of obstacles, such as giving students the freedom to learn new skills without being constrained by a particular place or the availability of resources. Additionally, the introduction of 4G LTE technology and the debut of JIO in India have had a huge positive impact on the growth of the educational technology market.

"Humongous Investment by Government to Enhance Market Sales "

The main factor driving the global market for K-12 education technology (Ed Tech) and smart classrooms is the increased government investment in the education sector. Countries around the world are anxious to invest in technology that hold promise of spreading education to remote areas because they recognize the benefits of education in reducing inequality and poverty. In addition, cutting-edge technologies like smart classrooms, which support interactive online learning and knowledge exchange while removing geographical restrictions, are projected to have strong demand in the years to come.

Restraining Factors

"High Initial Cost of the Technology to Impede Market Expansion"

The primary element that is anticipated to impede the K-12 education technology market growth is the high cost of the software and general learning packages. Although there is generally good potential for the global education technology industry, there are significant obstacles for this market, including the high initial cost of setting up a smart classroom and the lack of awareness in emerging and underdeveloped countries.

K-12 education technology market Regional Insights

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"North America to Dominate the Market Due to Top Notch Educational Infrastructure"

The global market was controlled by North America and owned largest portion of K-12 education technology market share. Over the predicted term, the region is anticipated to hold onto its position. The physical education and sports infrastructure in North America is well-established and meets the demands of kids between the ages of 2 and 18. In addition, compared to other parts of the world, this region has parents who are more eager to spend money on their children's education.

After gaining independence from Britain in 1947 AD or earlier, Asia Pacific was estimated to be very valuable and it is expected to grow at a significant rate during the forecast period due to rising awareness about physical fitness among people from different age groups across countries like China, India, Japan, and others (oldest date of independence).

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

The research provides a thorough competitive analysis and aims to provide an executive-level roadmap of the worldwide K-12 education technology and smart classroom industry. As such, it provides company profiles for organizations like Blackboard Inc., Apple Inc., Discovery Communications, Inc., Dell Inc., Knewton, Inc., Dynavox Systems LLC, Cisco Systems Inc., Lenovo Group Ltd., NIIT Technologies Ltd., Saba Software, Inc., IBM Corp., Microsoft Corporation, and Panasonic Corporation for the study's purposes. In addition to being at the forefront of innovation, their policies have a significant impact on the current market trends.

List of Market Players Profiled

• Cengage Learning (U.S.)
• Dell (U.S.)
• Tata Class Edge (India)
• Intel (U.S.)
• Ellucian (U.S.)
• Samsung (South Korea)
• IBM (U.S.)
• Adobe Systems (U.S.)
• D2L (Canada)
• Chungdahm Learning (South Korea)

Report Coverage

This research offers a thorough overview of the market for and other worldwide K-12 education technology. To give readers a clearer understanding of the market as a whole, it covers a variety of product portfolio, the most recent innovations, supply chain analysis, production cost structure, investment feasibility study, and segmentation based on numerous characteristics.