Online K-12 Education Market Report: Market anticipated to reach USD 1397.4 BN by 2026
Posted On November 04, 2020
The Global Online K-12 Education Market value is expected to grow from USD 594 BN in 2019 to USD 1397.4 BN by 2026 at a CAGR of 13% during 2020-2026 as per the market report by Value Market Research. Online K-12 education is growing up to a movement rather than just an experiment. The growing preference for personalized, high-quality education among K-12 students is the main reason behind the drastic growth in this market. Innovative, scalable, and affordable solutions offered to the students in collaboration with the ed-tech companies will significantly promote online learning. Next-generation technologies like AR and VR, communication tools, course platforms, interactive video content, virtual whiteboards, etc., will provide tremendous opportunities for entrepreneurs interested in this rapidly growing marketplace. This market is witnessing a sudden surge in demand in response to the education distraction because of the covid-19 pandemic. The key constraints hampering this market are lack of social interaction and the need for a supportive, distraction-free home environment.
Online k-12 education is a virtual digital learning platform that offers online classes to students following the k-12 curriculum. This type of education can supplement local school district offerings or a full-time virtual school that children can attend from kindergarten through 12th grade. This kind of education offers quality study content created by teachers in partnership with experts and can accommodate students with learning difficulties with ease. It is considered well suited for kids who are internally motivated and have good management/organizational skills. Online education encourages parents or guardians to act as learning coaches alongside the teaching staff. A virtual school is generally accredited by the same agency that reviews traditional schools.
The report “Global Online K-12 Education Market Report By Education Level (Elementary Education (Grades 1-5), Junior High Education (Grades 6-8), Senior High Education (Grades 9-12), By Learning Type (Synchronous, Asynchronous, Hybrid), By Language (English, Arabic, Others), By Subject (Science, Mathematics, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" initially provides the market overview, executive summary followed by detailed revenue analysis bifurcated by segments and regions. The study researches the historical trends of the industry along with understanding all the geo-economic conditions related to the online k-12 education market, thus making the foundation of the report strong and reliable.
On the basis of education level the market is segmented into Elementary Education (Grades 1-5), Junior High Education (Grades 6-8), Senior High Education (Grades 9-12). By learning type the online k-12 education market is categorised as Synchronous, Asynchronous, Hybrid. By language the online k-12 education market is categorised as English, Arabic, Others. Based on subject the online k-12 education market is segmented as Science, Mathematics, Others.Regionally, the report is segmented as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In this section of the report the data related to all the segments are analysed as per regions.
The Report Segments Global Online K-12 Education Market -
By Education Level
- Elementary Education (Grades 1-5)
- Junior High Education (Grades 6-8)
- Senior High Education (Grades 9-12)
By Learning Type
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
EF Education First Ltd., Enuma, Inc., McGraw-Hill Education, NextEducation India Pvt Ltd., Pearson, Vedantu, Whizz Education, Blackboard Inc., Chegg, Inc., Cisco, Instructure, Inc., iTutorGroup, Math 42, Knewton, Inc., Mathspace.
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