K-12 Educational Technology Market Size, Share, Growth, And Industry Analysis By Type (Hardware, Software, Solution, Support, And K-12 Educational Technology) By Application (Pre-primary School, Primary School, Middle School, And High School), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

K-12 Educational Technology Market Report Overview

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The global K-12 educational technology market size was USD 18830 million in 2022 and market is projected to touch USD 135297 million by 2031, at a CAGR of 24.5% during the forecast period.

K-12 refers to the time frame in which we acquire our education, which runs from kindergarten to the end of the 12th grade. All the key steps needed to be better prepared for life and further education are covered in a K-12 education. The phrase K-12 is most frequently used by Americans. K-12, or K-12, is an abbreviation for all preschool, primary, middle, and high school educational activities. Various visual and hearing aids will be included in K-12 educational technology to raise and improve the calibre of instruction given to students. The introduction of K-12 technology covers has ushered in a new era of technology in the educational system that is helping to shape the better and enhanced future of students.

The growth of the market for K-12 educational technology is attributed to scientific and technological developments, the increasing acceptance of STEM fields, and the involvement of the government in enhancing the educational system. Online education has pushed the K-12 educational technology sector in the direction of prospective growth since a few years ago. The popularity of online tutoring programs has helped the expansion of the market for K-12 educational technology. Governments all around the world are taking the initiative to incorporate new technology into the classroom, which has resulted in a rising market for K-12 educational technology. This is because students who desire to excel in all of their future undertakings seem to find the typical educational method to be insufficient. The popularity of smart devices has also been linked to the expansion of the K-12 educational technology market growth.

COVID-19 Impact: Online Learning Facilitated Market Growth

Markets and businesses all across the world were severely impacted by the epidemic that rocked the world in 2020. The need to temporarily halt production across almost all sectors of society for an extended period resulted in a lack of manufacturing techniques and, eventually, a lack of goods. The epidemic also affected several markets since there were fewer workers available for firms and there was a global interruption in the supply of raw materials. On the other hand, the market for K-12 educational technology, unlike most others, slightly profited from the outbreak because online learning was widely used during the global lockdown. The lack of a traditional environment forced the schools to change their teaching methods to include modern technologies.

Latest Trends

"Cloud Boost AI Assimilation Proliferates Product Value"

Since the marekt for K-12 educational technology was established, it has been predicted that integrating artificial intelligence into education will have a hugely positive impact on both students and educational systems globally. The educational system for kids now covers artificial intelligence. As a result, the system adapts the content it provides to the students based on their performance, leading to better learning outcomes for the pupils. As a result, AI systems significantly improve education, which will lead to a rapid expansion of the K-12 educational technology market.

K-12 Educational Technology Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into hardware, software, solution support, and K-12 educational Technology. Among these, the segment of hardware is expected to rise rapidly by type during the forecasted market years.

• By Application Analysis

Based on application, the market can be divided into pre-primary school, primary school, middle school, and high school. The pre-primary school segment is anticipated to dominate the market by application during the forecast years 2031.

Driving Factors

"Advantages Surrounding Education Technology Augments Market Progress"

The use of education technology in academic institutions is growing. In the classroom, the use of tailored lesson plans and other visual aids provided by smart devices in accordance with the requirement for growth in a particular subject promotes student engagement and enthusiasm for learning. Several software applications, like CRM and LMS, installed on the smart devices in the classroom have helped teachers deliver better instruction as a result of the development of educational technology. These elements are fueling the market growth for K-12 educational technology.

"Ease Of Online Learning Drives Market Demand"

The rise of globalization and digitization throughout the world's regions has caused the breadth of education to increase toward a wider and global level. Due to the chance to learn a growing amount of information through online learning, students have a great deal of influence. Due to the growth of online educational platforms, kids are learning faster and more efficiently. Science, technology, engineering, and mathematics, or STEM, is a challenging field, but online learning platforms have made it possible for anybody to learn and broaden their horizons, which directly drives the market for K-12 educational technology.

Restraining Factors

"Distraction Hampers The Market Value"

Students all around the world are accustomed to the growth of the K-12 educational technology sector, particularly in the wake of the pandemic and mandatory online schooling. However, the market is seeing a slowdown in its expansion as a result of the internet's distracting programs and websites. As a result, students are less likely to get distracted while studying.

K-12 Educational Technology Market Regional Insights

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"Due To Significant Investment, North America Leads The Market."

The North American region now has the majority of the K-12 educational technology market share as a result of active investors in the business. The number of private equity and venture capital investors in the K-12 educational technology sector is growing in the area. These investors are making investments in top K-12 educational technology providers, which helps the growth of the sectors in which they operate.

Europe is the second-largest market and technological innovator after North America. The market for K-12 educational technology is now growing as a result of the region's high concentration of significant industry participants, growing technological advancements, and academic institutions' embrace of innovations.

Key Industry Players

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

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Chungdahm Learning (South Korea)
• Dell (U.S.)
• Educomp Solutions (India)
• Next Education (India)
• Samsung (South Korea)
• TAL Education Group (China)
• Tata Class Edge (India)
• Adobe Systems (U.S.)
• Blackboard (U.S.)
• BenQ (Taiwan)
• Cengage Learning (U.S.)
• D2L (Canada)
• Ellucian (U.S.)
• IBM (U.S.)
• Intel (U.S.)
• Knewton (U.S.)
• Mcmillan Learning (U.S.)
• McGraw-Hill Education (U.S.)
• Microsoft (U.S.)
• Oracle (U.S.)
• Pearson Education (United Kingdom)
• Promethean World (U.S.)
• Saba Software (U.S.)
• Smart Technologies (Canada)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors such as segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.