Virtual Charter Schools Market Size & Share, by Type (For-Profit EMO, Non-Profit EMO); Application - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 6208
  • Published Date: Jun 18, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Virtual Charter Schools Market size was over USD 5.2 Billion in 2023 and is expected to exceed USD 16.9 Billion by the end of 2036, witnessing over 15.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of virtual charter schools is evaluated at USD 6.4 Billion.

The market growth is attributed to the growing awareness about the benefits of online education and the increasing number of internet users. According to our analysts, a total of 5.44 billion people worldwide were using the Internet at the start of April 2024. Furthermore, virtual charter schools provide accessibility in remote areas and ensure flexibility in learning from the comfort of home.


Virtual Charter Schools Market Overview
Get more information on this report: Request Free Sample PDF

Virtual Charter Schools Sector: Growth Drivers and Challenges

Growth Drivers

  • Huge adoption of advanced technology - The growing adoption of advanced technology in the education system such as the integration of artificial intelligence, virtual reality, and e-learning courses boosts the market growth of virtual charter schools. Moreover, shifting focus towards online learning which caters to the needs of students with different locations, skills, and backgrounds to provide a platform for interactive learning experiences. According to Research Nester analysis, at least 60% of internet users have indulged in online learning. Additionally, the use of digital tools in virtual schools helps in assigning projects to students to monitor their progress.
  • Growing trend of personalized learning - The rising trend of personalized learning to increase flexibility in learning contributes to the market growth of virtual charter schools. The shifting preference from traditional learning to the personalized learning has increased enrollment in virtual charter schools. To facilitate personalized learning efficiently, virtual charter schools are more focused on developing curriculum and adaptive learning solutions by integrating interactive media resources.

    Furthermore, the rising need for skill development and effective learning experiences stimulates the market growth of virtual charter schools.
  • Increasing preference for cost-effective learning methods - There is an increase in the number of students choosing online learning platforms which saves their time and money and contributes to the market growth of virtual charter schools. Commuting to offline institutions or schools to attend classes involves a lot of money spent on buying books and traveling costs.

    Moreover, the growing demand for short-term courses which are easily available online at affordable prices and provide repeated access to course material expands the market size of virtual charter schools. According to a recent report, online learning courses have been completed by 49% of students globally.

Challenges

  • Lack of social interaction - There is limited exposure and social interaction for students in a virtual learning platform. Less scope for extra-curricular activities, leadership skills, and personality development may affect students’ decision-making capacities and hamper the market growth of virtual charter schools.
  • Limited access to technology - Good internet connection and availability of digital devices are required in virtual charter schools. Many students across different locations still do not have proper internet connectivity and technologically advanced devices which may reduce the number of enrollments in virtual charter schools.

Virtual Charter Schools Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

15.8%

Base Year Market Size (2023)

USD 5.2 Billion

Forecast Year Market Size (2036)

USD 16.9 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Virtual Charter Schools Segmentation

By Type (For-Profit EMO, Non-Profit EMO)

For-Profit EMO segment is set to hold virtual charter schools market share of more than 55% by 2036. The segment growth can be attributed to the large number of students enrolling in for-profit EMO (Education Management Organizations). Moreover, for-profit EMO provides various online educational programs to corporates. Increasing adoption of for-profit EMO services in corporate and businesses boosts segment growth.

Additionally, on-profit EMO ensures the best learning experience for students and also pays more to teachers with specialized knowledge.

By Application (High Schools, Middle Schools, Elementary Schools, Adult Education)

In virtual charter schools market, high schools segment is estimated to capture revenue share of over 53% by 2036. The segment growth can be attributed to the growing preference for virtual learning among students in high schools as it saves them time and helps them to focus on other extra-curricular activities.

According to a report published by the National Education Policy Center (NEPC) in 2019–2020, 477 full-time virtual schools enrolled 332,379 students. Moreover, many courses are not available in high school, which stimulates students to take up virtual courses. Additionally, the huge adoption of advanced technology by high schools boosts segment growth.

Our in-depth analysis of the global market includes the following segments:

            Type

  • For-Profit EMO
  • Non-Profit EMO

            Application

  • High Schools
  • Middle Schools
  • Elementary Schools
  • Adult Education

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Virtual Charter Schools Industry - Regional Synopsis

North America Market Statistics

North American virtual charter schools market is projected to account for revenue share of around 47% by 2036. The market growth in the region is also expected on account of the technologically advanced infrastructure for online learning such as the adoption of 5G technology.

The growing popularity of educational applications and the surge in the number of smartphone users in the United States stimulate the market growth of virtual charter schools. According to our research, there are 307 million smartphone users in the US as of 2022.

In Canada, various institutions and schools have adopted virtual charter school services and offer online learning courses for students. Moreover, a large tech-savvy population and huge accessibility to advanced technology contribute to the market growth of virtual charter schools. According to a report, over one-half (54%) of Canadians aged 15 to 34 are advanced users and another 23% are proficient users of the Internet and digital technologies.

European Market Analysis

The European region will also encounter huge growth in the virtual charter schools market during the forecast period and will hold the second position owing to the greater demand for development and continuous up skilling by offering dynamic courses online to students.  

In the UK, the huge presence of various key players providing virtual charter school services and continuous research and development activities to improve the existing infrastructure for virtual charter schools boosts its market growth. According to recent information, education spending is the second-largest element of public service spending in the UK behind health, representing USD 124.6 billion in 2023 —2024 in today’s prices.

In Germany, the integration of new techniques and software to assist students in completing online assessments, projects, and other tasks ensures the efficient working of virtual charter schools and increases the enrollment rate. According to our research analysis, there were 55,753 distance learning participants attending correspondence courses in Germany.

Research Nester
Virtual Charter Schools Market Share
Get more information on this report: Request Free Sample PDF

Companies Dominating the Virtual Charter Schools Landscape

top-features-companies

    The virtual charter schools market consists of various key players. Some of the companies dominating the market are Mosaica Education, Pansophic Learning, K12 Inc., and Connections Academy among others.  

    • Mosaica Education
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Pansophic Learning
    • Nevada Virtual Charter School
    • Acklam Grange School
    • Florida Virtual School
    • Connections Academy
    • K12 Inc.
    • Charter Schools USA
    • Illinois Virtual School
    • Abbotsford Virtual School

In the News

  • Connections Academy - Pearson’s Connections Academy launched a new college and career preparation initiative. Moreover, Connections Academy will offer middle and high school students a career readiness to provide better learning experiences in the field of business and healthcare. Additionally, high school students in the Connections Academy will have free access to Credly to advance their career opportunities
  • Mosaica Education - Mosaica Education announced its partnership with the University of Southern California Rossier School of Education to scholarships and various benefits to its schools such as the hiring of experts and talented teachers. Moreover, through this partnership, students will get placements and scholarship opportunities.

Author Credits:  Abhishek Verma


  • Report ID: 6208
  • Published Date: Jun 18, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of virtual charter schools was over USD 5.2 billion.

The market size for virtual charter schools is projected to cross USD 16.9 billion by the end of 2036 expanding at a CAGR of 15.8% during the forecast period i.e., between 2024-2036.

The major players in the market are Mosaica Education, Pansophic Learning, Nevada Virtual Charter School, Acklam Grange School, Florida Virtual School, Connections Academy, K12 Inc., Charter Schools USA, Illinois Virtual School, Abbotsford Virtual School, and others.

The type segment is anticipated to garner a share of 55% during 2024-2036.

The North American virtual charter schools sector is poised to hold a 47% share by the end of 2036.
Virtual Charter Schools Market Report Scope
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying