Global K-12 Blended E-Learning Strategic Business Report 2023: Market to Grow at a CAGR of 16.2% to 2030 – Education Set to Experience Impressive Makeover with Influx of Smart Technologies
DUBLIN, Nov. 30, 2023 /PRNewswire/ — The “K-12 Blended E-Learning – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global K-12 Blended E-Learning Market to Reach $65.4 Billion by 2030
The global market for K-12 Blended E-Learning estimated at US$19.6 Billion in the year 2022, is projected to reach a revised size of US$65.4 Billion by 2030, growing at a CAGR of 16.2% over the analysis period 2022-2030.
The COVID-19 pandemic has had a significant impact on education worldwide, affecting both students and teachers. Many students missed substantial classroom instruction time during the pandemic, leading to a surge in virtual K-12 schooling and expediting the growth of the EdTech sector. The K-12 blended e-learning market experienced changes in competitive dynamics, with various players having strong, active, niche, or trivial market presences in 2022.
Hardware, one of the segments analyzed in the report, is projected to record 15% CAGR and reach US$25.9 Billion by the end of the analysis period. Growth in the Content segment is estimated at 16.6% CAGR for the next 8-year period.
Despite the challenges posed by the pandemic, K-12 blended learning has shown promising results in the post-pandemic era, with innovations and concurrent teaching gaining traction. The global outlook for K-12 blended e-learning suggests continued growth, with segments like hardware, content, and others contributing to its expansion.
The U.S. Market is Estimated at $6.6 Billion, While China is Forecast to Grow at 18.6% CAGR
Regional analysis indicates that developed and developing regions play essential roles in this market, with China, Asia-Pacific, the USA, and Canada being prominent regions for growth. Blended e-learning offers intriguing advantages for K-12 education, making it a valuable approach for the future.
The K-12 Blended E-Learning market in the U.S. is estimated at US$6.6 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$12.9 Billion by the year 2030 trailing a CAGR of 18.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.9% and 15.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 15% CAGR.
What`s New?
Special discussions on the global economic climate and market sentimentCoverage on global competitiveness and key competitor percentage market sharesMarket presence analysis across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and trademarked research platformComplimentary updates for one yearAccess to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET TRENDS & DRIVERS
E-Learning Brings in Transformation in the Education SectorBlended Learning Emerges as Prudent Choice for Education DomainCOVID-19 Ushers in a New Era for Education Industry with Emphasis on E-LearningPandemic Fallout for Learning: Widened Achievement & Opportunity Gaps with Future ImplicationsWhich Model of Blended Learning Format is Best for K-12?Video Use in E-Learning Witnesses Robust GrowthHigher User Engagement with Short Videos as Compared to Other Forms of Content Drives the Value of Creating Short But Effective e-Learning Video Content: % Engagement Loss by Video LengthIoT to Augment Education TechnologyProminent e-Learning TechnologiesRapid Internet Penetration Catalyzes Broad Based GrowthInternet Ubiquity, Speed & Bandwidth Explosion Provides the Support Platform for the Proliferation of K-12 e-Learning Services: Internet Users as % of Population by Region for 2019 and 2024World Internet Penetration Rate (in %) by Geographic Region: 2021Share of Mobile Phones of the Total Internet Time: 2014-2022EMarket to Benefit from Growing Number of Educational InstitutionsGrowing Population of Younger Demographics to Augment Future DemandGlobal (0-14 Years) Population by Country (2019)Global Youth Population (in Millions) Between the Age of 15 to 24 Years by Geographic Region: 2017 & 2050Virtual & Flexible Learning: Bright EdTech Points for Future of Education in Post-Pandemic WorldEducation Set to Experience Impressive Makeover with Influx of Smart TechnologiesEducation Sector Revamps to Meet GDPR MandatesWorld GDPR Services in Education for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets – Annual Sales in US$ Thousand for 2021 and 2027K-12 Schools Benefit Immensely from Student Information SystemsWorld Student information Systems Market in K-12 for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa – Annual Revenues in US$ Thousand for 2021 and 2027Ongoing Digital Transformation in Education Sector Augurs WellDigital Learning Materials Used in ClassroomsDigital Education Content Widens Reach to Larger Learner PoolDigital Content Usage in EducationEmerging Trends, Challenges and Future Prospects for Digital Education MarketIncreasing Use of Digital Technologies Fuel Demand for Online Education PlatformsDemand for Digital Assessment Devices Witness a SurgeUse of Automated Essay Scoring Systems Gain MomentumIncreasing Impetus on Using Digital Technologies Fuel Demand for Online Education PlatformsDealing with Teacher Shortage & Caregiver InvolvementHybrid & Blended Learning: Upsides & Downsides for Students
FOCUS ON SELECT PLAYERS (Total 82 Featured)
Cisco Systems, Inc.Adobe Inc.Blackboard, Inc.Allen Communication Learning ServicesAllen Interactions, Inc.Carnegie Learning, Inc.Cengage Learning, Inc.BYJU`SAtomi Systems, Inc.CegosAcadecraft IncBetterLessonCamp K12BlueApple TechnologiesCode and Pixels Interactive Technologies Private Limited
For more information about this report visit https://www.researchandmarkets.com/r/f8fgf8
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SOURCE Research and Markets
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