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K-12 Digital Curriculum Market size is poised to witness over 30.5% CAGR during the forecast period i.e., between 2024-2036. The growth of the market can be attributed to the growing number of job opportunities in science, technology, engineering and mathematics (STEM) fields, increasing usage of big data around the world and rise in the popularity of learning analytics in the educational industry. In 2019, more than 52 percent organizations around the world adopted big data technology, which is calculated to increase by more than 38 percent in the future. Along with these, proliferation of seamless internet access and smart gadgets, coupled with the benefits of technology integration in the education sector are another crucial factors expected to drive market growth in the forthcoming years. Furthermore, there is a surge in government initiatives to improve the quality of K-12 education, especially in developing nations, which in turn is predicted to offer profitable growth opportunities to the market in the near future.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
30.5% |
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Regional Scope |
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The market is segmented by technology into educational analytics, educational gaming, educational ERP, educational dashboard, and educational security, out of which, the educational analytics segment is anticipated to hold the largest share in the global K-12 digital curriculum market on account of the growing use of analytics in the education sector as a result of its cost-effectiveness, efficient organizational resource allocation and improvements provided in administrative decision making. Moreover, on the basis of application, the segment for middle school is assessed to grab a significant share, which can be credited to the increasing use of digital curriculum to teach middle school students to be prepared for a variety of technology related fields and hone their problem-solving skills.
Our in-depth analysis of the global K-12 digital curriculum market includes the following segments
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By Technology |
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By Application |
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On the basis of geographical analysis, the global K-12 digital curriculum market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. North America is predicted to hold largest revenue share by 2036, on the back of rising investments from venture capitalists and private equity investors in the development of education industry, and a strong presence of prominent market players in the region. Moreover, the K-12 digital curriculum market in Asia Pacific is predicted to witness noteworthy growth over the forecast period owing to the rising adoption of online learning, increasing demand for standardization of competitive tests and escalating government initiatives regarding e-learning by several countries in the region. For instance, Indian government is planning to establish the Atal Tinkering Laboratories (ATL) in schools across the country, which are aimed at fostering creativity, curiosity, and imagination in young children, along with inculcating skills such as design mindset, computational thinking and physical computing.
March 2021- McGraw Hill acquired Kidaptive, Inc., which is a company that works on an adaptive learning platform. The company has expertise in subjects including science, data analytics and early learning.
Author Credits: Abhishek Verma
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