K-12 Education Technology Market is Expected to Reach $322.68

K-12 Education Technology Market

K-12 Education Technology Market

K-12 education technology refers to a broad range of tools and platforms that support instruction and learning in these grades. These include digital content, online learning platforms, mobile apps, and educational software and hardware. The use of technology in education is not new, but during the past ten years, the number and diversity of ed tech solutions made available to schools have grown significantly. Technology advancements, shifting pedagogical paradigms, and the expansion of high-speed internet access are the main drivers of this rise. By giving teachers more efficient teaching methods and giving students more chances to interact with the subject, K12 education technology aims to improve student results. When implemented properly, educational technology can help students become more engaged in their studies, cater to the requirements of a variety of learners, and get them ready for college and the workforce. During the anticipated time term, the K12 Education Technology Market is anticipated to grow at a CAGR of 19.8% and reach an approximate value of $322.68 billion.

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The expanding use of technology and digital solutions in the education industry, the rising need for tools and platforms for distance learning, rising government investment and funding, and improvements in mobile and cloud technologies are all cited as reasons for this expansion. K12 education technology has seen a rise in demand over the last few years. This is a result of a number of factors, including the growing use of digitalization in education at all levels, changes in instructional strategies, an increased emphasis on student-centered learning, and the demand for individualised learning opportunities.

The K12 Education Technology Market’s Hardware sector, which includes items like interactive whiteboards, projectors, tablets, laptops, desktops, and other computing equipment, is the largest.
Additional factors for the increasing demand for these items in this industry are their durability, accessibility, and affordability. Over the predicted timeframe, it is estimated that the marketplace for game-based teaching will expand the fastest. This development is a result of the rising desire for interactive, individualised learning experiences as well as those experiences’ success in delivering interesting knowledge. The greatest market for K12 education technology, or EdTech, on a global scale is in North America. The presence of significant suppliers, the growing use of technology in the classroom, and sizeable investments in edtech are some other factors influencing the expansion of the region.

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Microsoft Corporation announced the release of an application powered by artificial intelligence (AI) in October 2018 that is intended for K-12 educational institutions. The AI-powered programme aids school officials in determining the areas in which pupils struggle when studying specific courses and offers suggestions on how to give each student tailored teaching.

Apple Inc. stated in October 2018 that it would offer a new collection of iPad apps to all of its K-12 customers that are made exclusively for use in classrooms. By giving teachers access to resources like interactive video lectures, online quizzes, digital textbooks, and more, these apps can improve the quality of their lesson preparations.
In 2018 August, Google LLC launched a new app called ‘Google Classroom’ which is designed to help teachers manage their classrooms better by allowing them to create assignments, track student progress, give feedback and send messages directly from their computer or mobile device.

In 2018 June, IBM Corporation announced the launch of its Watson Education platform, which is a cloud-based system that helps teachers and administrators to better manage teaching and learning activities within their schools. The platform provides access to educational content, analytics, and other tools that can be used to improve instruction and student outcomes.

The major players of the global K12 education technology market are BYJU’S, Blackboard, Inc., Chegg, Inc., Coursera, Inc., Edutech, edX Inc., Google LLC, Instructure, Inc., Microsoft, Udacity, Inc., and upGrad Education Pvt. Ltd..

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