The global K-12 digital curriculum market is estimated to garner a large revenue and grow at a CAGR of ~31% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the growing number of job opportunities in science, technology, engineering and mathematics (STEM) fields, increasing usage of big data around the world and rise in the popularity of learning analytics in the educational industry. In 2019, more than 52 percent organizations around the world adopted big data technology, which is calculated to increase by more than 38 percent in the future. Along with these, proliferation of seamless internet access and smart gadgets, coupled with the benefits of technology integration in the education sector are another crucial factors expected to drive market growth in the forthcoming years. Furthermore, there is a surge in government initiatives to improve the quality of K-12 education, especially in developing nations, which in turn is predicted to offer profitable growth opportunities to the market in the near future.
The market is segmented by technology into educational analytics, educational gaming, educational ERP, educational dashboard, and educational security, out of which, the educational analytics segment is anticipated to hold the largest share in the global K-12 digital curriculum market on account of the growing use of analytics in the education sector as a result of its cost-effectiveness, efficient organizational resource allocation and improvements provided in administrative decision making. Moreover, on the basis of application, the segment for middle school is assessed to grab a significant share, which can be credited to the increasing use of digital curriculum to teach middle school students to be prepared for a variety of technology related fields and hone their problem-solving skills. CLICK TO DOWNLOAD SAMPLE REPORT
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
On the basis of geographical analysis, the global K-12 digital curriculum market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the North America is estimated to gather the largest share over the forecast period on the back of the rising investments from venture capitalists and private equity investors in the development of education industry, and a strong presence of prominent market players in the region. Moreover, the market in Asia Pacific is predicted to witness noteworthy growth over the forecast period owing to the rising adoption of online learning, increasing demand for standardization of competitive tests and escalating government initiatives regarding e-learning by several countries in the region. For instance, Indian government is planning to establish the Atal Tinkering Laboratories (ATL) in schools across the country, which are aimed at fostering creativity, curiosity, and imagination in young children, along with inculcating skills such as design mindset, computational thinking and physical computing.
The global K-12 digital curriculum market is further classified on the basis of region as follows:
Our in-depth analysis of the global K-12 digital curriculum market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The major factors driving market growth are growing number of job opportunities in science, technology, engineering and mathematics (STEM) fields and increasing usage of big data around the world.
The market is anticipated to attain a CAGR of ~31% over the forecast period, i.e., 2022 – 2030.
Low awareness about e-learning methods in lower economic regions is estimated to hamper the market growth.
Asia Pacific will provide more business opportunities for market growth owing to the rising investments from venture capitalists and private equity investors in the development of education industry in the region.
The major players in the market are Pearson Education, Inc., McGraw Hill LLC, K12 Inc., Blackboard Inc., Cengage Learning, Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by technology, application, and by region.
The education analytics segment is anticipated to hold largest market size and is estimated to grow at a robust CAGR over the forecast period and display significant growth opportunities.
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