US K12 Education Market 2024–2033

Reports Description

According to Custom Market Insights (CMI), the US K12 Education Market size was estimated at USD 3 Billion in 2021 and is expected to hit around USD 25 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 27% from 2022 to 2030.

Our research report offers a 360-degree view of the US K12 Education market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the US K12 Education market.

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• The phrase "K-12" is frequently used as an abbreviation to refer to all primary and secondary education. The K-12 educational system aims to provide pupils from kindergarten to the 12th grade with a sound elementary school education. Students receive a Grade Point Average (GPA) after high school, an average of their performance throughout all high school grades. It is used to determine whether they should pursue further education or the workforce.
• The U.S. K-12 education business is being driven in part by improvements in accessibility to high-quality education and smart learning, along with other factors. Currently, there are several education start-ups that are growing exponentially.
• Over 35% of education start-ups are reportedly seeking to increase the market for K-12 online education or homeschooling. Factors like technical development and the expanding use of Big Data have boosted learning analytics' prominence in the educational sector.
• The U.S. K-12 Education Market Share is also anticipated to be driven by Government and International Baccalaureate activities to improve the quality of education at the K-12 level globally. The American Rescue Plan allocated over $130 billion to K-12 schools in 2020 to support their safe reopening, make up for missed education, and rectify injustices exacerbated by the pandemic.
• Additionally, STEM learning activities are included in many other courses by education companies like Stride K12, including exercises, labs, and activities in math and science classes for students in grades 6 through 12. As a result, these variables are examined in order to determine how the U.S. K-12 Education Industry will develop between 2022 and 2030.

Report Scope

In the research scope, US K12 Educations are described as antimicrobial agents since they are used on the surface of different non-living things to eradicate the germs that are present there. Surface disinfection practices can effectively prevent or reduce infections and other harmful impacts that are common in the existing healthcare system. The scope of the study includes market sizing and forecast for segmentation by school, method, grade, model, end-user, and geography.

Report Scope

Key Market Dynamics

• Schools moving away from the traditional blackboard approach to integrating smart technologies are driving demand for K-12 education in the United States. The learning trend covers many initiatives, tools, and services designed to boost students' academic performance. Raised job opportunities in STEM fields have increased the demand for STEM training. Students that excel in a high level of competition are eligible to enroll in higher education institutions. This increases the emphasis on STEM fundamental education among parents, students, and many partners in schools around the world.
• The development of the K-12 education industry in the United States is anticipated to be fueled by the introduction of technology that allows educational institutions to supply innovative solutions like e-books, AR/VR interactive content, and accredited online courses. Increased acceptance of EdTech solutions and offerings in significant higher education institutions and educational organizations are gradually shifting their focus from the legacy EdTech education system to online EdTech solutions. The adoption of education technology (EdTech) tools is growing in both the academic and non-academic sectors. The K-12 education market size is anticipated to increase due to the adoption of AI in schools to automate jobs like grading assignments and offering input.
• AI is increasingly employed in the US education industry to improve student learning; intelligent interactive programs using different technologies like natural language processing, machine learning, and deep learning aid students' overall learning. Therefore, these aspects are examined to drive the US K-12 Education business between 2022 and 2030.

Big Data & Analytics Segment to Witness a High CAGR in the US K12 Education Market

• The U.S. K-12 Educations market's Big Data & Analytics segment is expected to develop at the greatest CAGR during the forecast period. Big data's introduction in educational settings has sparked the development of fresh, data-driven strategies for supporting well-informed choices and initiatives to boost educational efficacy.
• The scalable and fine-grained knowledge and support of learning processes that digital traces of student activity promise were previously too expensive to attain using standard data sources and approaches. Big data's growing accessibility in recent years has opened up new possibilities for monitoring educational contexts' monitoring procedures and informed efforts to boost educational efficacy.
• The collection of student-learning data is currently being pioneered by several educational institutions and the federal government's new National Education Technology Plan. Big data and analytics have slowly encroached into the world of public education over the past few years and have also become embedded in daily activities. Additionally, a number of educational institutions have been receiving significant funding to implement this technology.

Competitive Landscape

Companies in the U.S. K-12 Education Market mostly adopt product launches, partnerships, acquisitions, and R&D activities as their primary business models.

• 2022: In order to improve its synchronous learning capabilities, Class Technologies purchased Blackboard Collaborate from Anthology.
• 2022: To support its five campuses, two higher education centers in Hidalgo and Starr counties, a virtual campus, and other facilities, South Texas College has implemented the YuJa Enterprise Video Platform.
• 2021: Spero Ventures sponsored a US $8 million fundraising round for AllHere Education, the market leader in offering K-12 districts targeted technology solutions to boost student performance. The funding round will be used to expand the functionality of AllHere's conversational artificial intelligence (AI) chatbot, the first of its kind in the K-12 market. It will assist schools in supporting kids and families to demonstrably raise attendance and grade levels.
• 2020: During the coronavirus epidemic, K12 Inc. provided over 150,000 US students, families, and teachers access to free educational and instructional tools and resources. The company is assisting students and instructors in returning to school this academic year despite widespread school closures.

Prominent Players:

• McGraw-Hill Education
• American Public Education
• K12 Inc.
• Pearson Education Inc.
• Blackboard Inc.
• Adobe Systems
• Providence Equity Partners LLC
• Newsela
• Chegg Inc.
• Stride Inc.
• Others