The global K-12 online tutoring market is anticipated to grow rapidly at a CAGR of approximately 12% during the forecast period. With the advances in the education technology and improved accessibility to quality education is one of the factor driving the K-12 online education market. North America leads the K-12 online education market whereas Asia Pacific region is projected to grow at a faster rate. The number of education startups is now increasing at an exponential rate. It has been estimated that around 37% of the education startups are working on expanding K-12-online education market.
What is K-12 Online Education?
K-12 education denotes the education imparted from kindergarten to 12th grade. K-12 online education system is gaining popularity in countries such as USA, Canada, China, India and several others. K-12 online education includes a lot of student- teacher interaction and thus promoting interesting learning habits in students. The shift to digital education is happening and it is changing everything about the way of teaching and learning. Online education is gaining importance as it empowers learners to discover their own academic paths and allow education to take place in class, at home, and anywhere in between.
Market Research and Market Trends of K-12 Online Education:
Competency based learning is being recognized by educators as more important than seat time. Several government authorities are funding and encouraging K12 online learning all around the globe as it allows the students to receive individualized instruction and is empowering students to learn at their own pace at any place.
Families are opting for k-12 online education system as it allows greater customization to meet the needs of their children in many ways that lack in many traditional schools. The main reason for the growth in K-12 online education is that it provides more effective learning by measuring progress, adjusting the pace and provide extra support when needed for every learner which is considered as an advantage for both struggling students as well as high-achievers.
Many students living farther away from their school district are more likely to miss days of school because of their living conditions and are restricted to some resources. It has been observed that there is significant rise in the absenteeism in rural areas. In order to overcome this issue, many private and government organizations are working jointly to establish an online network where students can access classroom materials and school resources. Some districts have already begun to create these types of networks.
Who are the Major Players in K-12 Online Education Market?
The companies referred in the market research report are K12 Inc, Pearson, White Hat Management, Georg von Holtzbrinck GmbH & Co. K, Bettermarks, Scoyo, Languagenut and several others.
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