PUBLISHER: The Business Research Company | PRODUCT CODE: 1754841
PUBLISHER: The Business Research Company | PRODUCT CODE: 1754841
K-12 private education encompasses privately funded and managed educational institutions that provide kindergarten through 12th-grade education, operating independently of public-school systems. These institutions cater to families seeking alternatives to public education, often offering specialized curricula, smaller class sizes and individualized attention.
The K-12 private education market consists of sales of K-12 private education and related services by entities (organizations, sole traders and partnerships) that offer an alternative to public schooling with potentially smaller class sizes, specialized programs and a focus on specific educational philosophies. The purpose of the K-12 model is to systemize the distribution of education across all ages of school going children before they go to college.
The global k-12 private education market was valued at $27,1506.10 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 7.00%.
Rising Demand For Online Education
During the historic period, the rising demand for online education drove the growth of the k-12 private education market. K-12 private education boosts online education by leveraging flexibility, resources and innovative approaches to quickly adapt to evolving educational technologies. These institutions invest in robust digital infrastructure and cutting-edge learning platforms, enabling them to offer personalized and engaging online curricula. With the autonomy to design bespoke programs and rapidly integrate feedback, private schools often set higher standards for remote learning environments. For instance, according to Eurostat, a Luxembourg-based statistical office of the European Union responsible for providing high-quality statistics and data, in 2023, the participation in online education among European Union internet users aged 16 to 74 increased to 30%, marking a 2 percentage point (pp) rise from 28% in 2022. Further, the Netherlands saw the highest engagement, with 54% of internet users participating, followed by Finland (53%), Sweden (48%), Spain (47%) and Estonia (45%). Therefore, the rising demand for online education drove the growth of the k-12 private education market.
Digital Transformation In K-12 Private Education By Enhancing Learning Through Technology
Major companies operating in the k-12 private education market are focusing on digital resources that facilitate an immersive learning experience, by integrating advanced technologies such as AI-driven education, virtual and augmented reality and personalized learning platforms to enhance student engagement and academic outcomes. For instance, in April 2024, Next Education, an India-based company that offers STEM education and revolutionizing the K-12 education sector , launched Next STEM and Next English, software programs to empower students with the latest skills. These innovative software programs aim to deliver comprehensive learning experiences, nurturing vital 21st-century skills and enabling students to excel in an interconnected, technology-driven world. Next STEM is an integrated Science, technology, engineering and Math (STEM) learning platform that focuses on hands-on activities, simulations and interactive tools to engage students in learning. Next English is an all-round English learning solution that integrates technology through digital content, advanced assessment systems and interactive tools. This program aims to redefine English language learning by providing students with a comprehensive and interactive learning experience.
The global k-12 private education market is highly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 4.02% of the total market in 2023.
K-12 Private Education Global Market Opportunities and Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global K-12 private education market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for K-12 private education? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The K-12 private education market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider K-12 private education market; and compares it with other markets.