K12 Education Market Size, Share, Growth Analysis, By Type(Public and Private), By Deployment Mode(Cloud And On-Premises), By Application(High School, Middle School, Pre-Primary School, and Primary School), By Region(North America, Europe, Asia-Pacific, and LAMEA), By Region - Industry Forecast 2024-2031

Drivers

Acceleration in the smartphones and digital devices adoption

• The adoption rate of smartphones and digital devices in the developing countries is increasing. Through survey, it has been found that less than 50% of the developing or emergency countries own smartphones. So, considering this increased adoption of the digital devices helps the students around the world, to access the education easily via their smart devices by downloading various educational videos, learning mobile applications, etc in their smart devices.

Governmental programs

• To uplift the level of k12 education across the globe, various governmental programs getting implemented across the globe. This drives the market of k-12 education globally. For an instance, an opportunity provided by the U.S. government to the K-12 students of the U.S. to study abroad like Kazakhstan, Poland, or Ukraine, during their academic year under the Future leaders exchange abroad (FLEX abroad) program.

Restraints

Increased enrolment levels in schools

• The exponential growth in the population as well as the rise in the disposable incomes result in the high enrolment of the students in the schools. In US around 17,400 educational institutes are overcrowded. This further leads to the delivery of the poor quality of the education to the students, this thus hampers the growth of the k12 education market.

Inadequate familiarity with e-learning

• It has been found that many teachers, parents, and students couldn’t able to understand the advantages and the opportunities that e-learning provides. Due to this lack of awareness about e-learning can hampers the adoption of the e-learning platforms. This further can let down the k12 education market.