Global Online K-12 Education Market

K-12 curriculum has undergone a significant change in recent years. In the past few years, educators, teachers, and parents have adopted digital technology. Digital learning formats have evolved to enhance the student experience. K-12 education is offered to students from kindergarten to 12th grade. Online education is growing due to increasing understanding among students as well as parents and teachers about online education. Educational institutions are now introducing high-level online technologies to accelerate students’ online learning experience. The popularity of online learning is on the rise when one-on-one learning is accessible. Online learning with the aid of the teacher allows getting adequate time and concentration of the instructor on the particular student. Though nations are at varying stages of their COVID-19 outbreak rates, there are currently more than 1.2 billion children worldwide infected by the pandemic in 186 countries. In Denmark, children up to the age of 11 are returning to nurseries and schools after their initial closure on 12th March, however, in South Korea, students are responding to rollcalls from their teachers online. In response to considerable demand, several online learning companies provide free access to their services, including platforms such as BYJU’S, a Bangalore (India)-based educational technology company and online tutoring business established in 2011, which is now the world’s most highly regarded Ed-technology company. After the announcement of free live classes on the Think and Learn app, BYJU has seen a 200 percent rise in the number of new students using its product, according to the Chief Operating Officer of the firm. The high initial cost of the market is one of the restraining factors of the market.

Global Online K-12 Education Market is valued approximately at USD 20.87 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 18.21% over the forecast period 2020-2027 and is estimated to reach USD 76.57 billion by 2027.

The regional analysis of the global Online K-12 Education Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America has the largest market share due to rising investments in online learning and the large transfer of students from conventional learning to online learning. Asia Pacific is the fastest-growing online learning market for K-12; countries like China and India are increasingly embracing online learning solutions. For instance, in September 2020, Cymatic, one of the ed-tech start-ups, is the first in India to announce the ‘5D Evaluation Platform’ for K12 learning. The 5D assessment framework will customize the evaluation of expert teachers on their learning platform and allow students to consider their success under five dimensions.
Major market players included in this report are AMBO, Ifdoo, White Hat Management, Bettermarks, XRS, Georg von Holtzbrinck GmbH & Co. K, Languagenut, XUEDA, CDEL, and K12 Inc
The detailed segments and sub-segment of the market are explained below:
By Type: Synchronous Education, Asynchronous Education
By Application: Elementary education (grade 1-5), Junior high education (grade 6-8), Senior high education (9-12)

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