Virtual Charter Schools Market - Regional Analysis
North America Market Insights
North America industry is estimated to dominate majority revenue share of 47% by 2035. The market growth in the region is also expected on account of the technologically advanced infrastructure for online learning such as the adoption of 5G technology.
The growing popularity of educational applications and the surge in the number of smartphone users in the United States stimulate the market growth of virtual charter schools. According to our research, there are 307 million smartphone users in the US as of 2022.
In Canada, various institutions and schools have adopted virtual charter school services and offer online learning courses for students. Moreover, a large tech-savvy population and huge accessibility to advanced technology contribute to the market growth of virtual charter schools. According to a report, over one-half (54%) of Canadians aged 15 to 34 are advanced users and another 23% are proficient users of the Internet and digital technologies.
European Market Insights
The European region will also encounter huge growth in the virtual charter schools market during the forecast period and will hold the second position owing to the greater demand for development and continuous up skilling by offering dynamic courses online to students.
In the UK, the huge presence of various key players providing virtual charter school services and continuous research and development activities to improve the existing infrastructure for virtual charter schools boosts its market growth. According to recent information, education spending is the second-largest element of public service spending in the UK behind health, representing USD 124.6 billion in 2023 —2024 in today’s prices.
In Germany, the integration of new techniques and software to assist students in completing online assessments, projects, and other tasks ensures the efficient working of virtual charter schools and increases the enrollment rate. According to our research analysis, there were 55,753 distance learning participants attending correspondence courses in Germany.
