Global K-12 Education Technology Spend Market Size, Share, and Trends Analysis Report, By Type (Hardware and Content), By Application (Pre-Primary School, Primary School, Middle School, High School), Forecast (2022-2028)

The global K-12 education technology spend market is anticipated to grow at a CAGR of 11% during the forecast period (2022-2028). K-12 stands for kindergarten to 12th grade, indicating the sum of primary and secondary education in several nations for publicly supported school grades prior to college. With the increase in technology, the government is spending more on education technology for interesting learning. Additionally, several educational technology company such as BYJUS has changed the way of teaching students by using advanced technologies. For instance, in January 2020, Tiger Global Management invested $200 million in education app Byju’s, valuing the Bengaluru-headquartered company at about $8 billion. Byju’s are pioneering technology, shaping the future of learning for millions of school students in India.

 

The market is segmented based on the type and application. Based on the type, the market is segmented into hardware and content. In educational technology, the government is spending more on the hardware parts such as interactive whiteboards for digital classroom learning. They incorporate a wide range of features, such as dry-erase surfaces, digital pens, communicating software, and other multi-touch options. Also, they allow users to save and share notes among other digital devices, such as tablets, smartphones, and laptops. In content, there are various tools available to get different content for a single thing. Various educational companies are spending to focus on the content part and to make it more interesting and attractive so that a student enjoys learning.

 

Some major players in the market include IBM Corp., Dell Inc., and Educomp Solutions Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in March 2020, in view of the coronavirus pandemic, Indian education technology major BYJU’S announced to provide free access to its complete app to school students till April.  Additionally, in March 2020, the Los Angeles Unified School District (LAUSD) partnered with Public Broadcasting Service (PBS) to offer students customized educational programming on three over-the-air broadcasts and a range of digital options.

 

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By  Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape- IBM Corp., Dell Inc., and Educomp Solutions Ltd., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment

Global K-12 Education Technology Spend Market Report by Segment

By Type

• Hardware
• Content

By Application

• Pre-Primary School
• Primary School
• Middle School
• High School

Global K-12 Education Technology Spend Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa