About K-12 Education Technology Spend
K-12 refers to kindergarten to twelfth class. Increasing e-commerce and awareness about education expected to potentially grow the market. Further, the rising practice of new technologies such as 3D printing, digital storytelling, and virtual tours, and drones expected to propagate the Global K-12 education technology spend market. In addition, rising demand from the developing countries owing to growth in education sector expected to drive the demand for K-12 education technology spend market over the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Number of players are present in the market hence fragmented nature of the market. Market players are focussing on the development of the E-Learning platform which is expected to generate lucrative opportunities for the market players involved in the K-12 education technology spend market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global K-12 Education Technology Spend market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Educomp Solutions (India), Next Education (India), TAL Education Group (China), Tata Class Edge (India), Blackboard Inc. (United States), Cengage Learning (United States), Ellucian (United States) and Knewton (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Chungdahm Learning (South Korea), McGraw-Hill Education (United States), Mcmillan Learning (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global K-12 Education Technology Spend market by Type (Educational PC, Interactive displays and Classroom wearables), Application (Pre-Primary School, Primary School, Middle School, High School and Others) and Region.
On the basis of geography, the market of K-12 Education Technology Spend has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Component, the sub-segment i.e. Hardware will boost the K-12 Education Technology Spend market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing use of Advanced Technology in Key International Schools and Growth in the E-Learning Platform
Market Growth Drivers:
Increasing E-Commerce in Developing Economies and Growing awareness about E-Learning Globally
Challenges:
Lack of Awareness in the Low and Middle Income Group Countries
Restraints:
Lack of Skilled Trainers and Instructors
Opportunities:
Growing E-Learning Technology Start-ups and Rising Demand from the Developing Economies
Market Leaders and their expansionary development strategies
In October 2023, Amazon Web Services (AWS) this week announced USD 100,000 grants and free training programs for selected ed-tech startups that want to leverage cloud technology.
In May 2022, Ed-tech startup Camp K12 launched Hatch Kids Metaverse and AR/VR creation platform.
Key Target Audience
Education Institutes, Government Bodies, Business Research and consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.