The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

The Business Research Company’s STEM Education In K-12 Global Market Report 2024 offers crucial insights into the STEM education in K-12 market help businesses analyse and build stronger strategies.

 

Market Overview

The STEM education market has witnessed impressive growth in recent years. From a valuation of $38.67 billion in 2023, the market is projected to reach $44.13 billion in 2024, growing at a compound annual growth rate (CAGR) of 14.1%. Key factors contributing to this growth include:

• Availability of Digital Resources: Enhanced access to online tools and resources.
• Focus on K-12 Curriculum: Increased emphasis on STEM subjects in primary and secondary education.
• Economic Impact Awareness: Greater recognition of STEM education’s role in economic development.
• High School Enhancements: Improved STEM programs in high schools.
• Global Importance: Rising significance of STEM education in developing countries.

 

Future Growth Projections

The STEM education market is expected to continue its rapid growth, reaching $75.55 billion by 2028, with a CAGR of 14.4%. Contributing factors include:

• Increased Demand for STEM Education: Growing recognition of STEM skills’ value in the job market.
• Online Learning Platforms: Expansion of digital learning platforms offering STEM education.
• Government Initiatives: Supportive policies and initiatives promoting STEM education.
• Parental Interest: Rising interest from parents in STEM education for their children.

 

Key Trends Driving Growth

Several trends are shaping the future of STEM education:

• Private Sector Investments: Increased funding from private entities to support STEM education.
• Technology Integration: Enhanced use of technology in educational settings.
• Career Development: Growth in STEM-related career opportunities.
• Increased Funding: More financial resources allocated to STEM education programs.
• Emerging Technologies: Integration of new technologies in STEM education.

 

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Online Education and Digital Language Learning

The demand for online education is significantly fueling the growth of STEM education:

• Flexibility and Accessibility: Online education offers flexible and accessible learning options.
• Interactive Tools: Use of virtual labs, simulations, and coding platforms in STEM education.
• Increased Enrollment: Online education enrollment figures surged in 2020 and continued to grow substantially in 2021, reaching 189 million.

 

Major Companies in STEM Education

Several key players are influencing the STEM education market:

• Amazon Web Services Inc.
• Adobe Inc.
• Stride Inc.
• Scholastic Inc.
• K-12 Inc.
• Cengage Inc.
• Houghton Mifflin Harcourt
• McGraw-Hill Education
• School Specialty
• D2L Corporation
• Freeman and Worth Publishing Group LLC
• Sphero Inc.
• Istation
• Mathspace Pty Ltd.
• Lab-Aids Inc.
• Wonder Workshop Inc.
• International School of London
• Innova STEM Education

 

Innovations and Strategic Moves

Next Education’s New Programs

Next Education has recently launched two innovative programs to enhance STEM learning:

• Next STEM: A comprehensive platform focusing on interactive tools and hands-on activities.
• Next English: An integrated English learning solution with advanced assessment systems and digital content.

These programs aim to provide students with up-to-date skills and prepare them for a technology-driven world.

LEAD’s Acquisition of Pearson’s K-12 Learning Business

In March 2023, LEAD acquired Pearson India’s K-12 learning business:

• Enhanced Offerings: The acquisition expands LEAD’s educational offerings to cater to various market segments.
• Diverse Market Reach: LEAD will serve both affordable private schools in smaller towns and high-fee private schools in larger cities.

 

Market Segmentation

The STEM education market in K-12 is segmented as follows:

1. By Type:
   • Customized Live Courses
   • Standard Recorded Courses
   • Other Types
2. By Delivery Mode:
   • Online
   • Offline
3. By Application:
   • Elementary School (K-5)
   • Middle School (6-8)
   • High School (9-12)

Regional Insights

In 2023, North America was the largest region in the STEM education market. Looking ahead, Asia-Pacific is anticipated to be the fastest-growing region, driven by expanding educational infrastructure and increasing demand for STEM education.

 

Conclusion

The STEM education market is set for continued robust growth, driven by advances in technology, rising online education demand, and strategic investments. With new innovations and increasing focus on STEM skills, the sector is poised to make a significant impact on future educational landscapes and job markets.

 

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The STEM Education In K-12 Global Market Report 2024  provides a comprehensive outlook of the STEM education in K-12 market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The STEM education in K-12 market forecast offers a thorough analysis on STEM education in K-12 market size, STEM education in K-12 market share, prominent players and their strategies.

 

The Table Of Content For The STEM Education In K-12 Market Include:
1. STEM Education In K-12 Market Executive Summary
2. STEM Education In K-12 Market Segments
3. STEM Education In K-12 Market Size And STEM Education In K-12 Market Growth Rate
4. Key STEM Education In K-12 Market Trends
5. Major STEM Education In K-12 Market Drivers
……
25. Key Mergers And Acquisitions In The STEM Education In K-12 Market
26. Top STEM Education In K-12 Companies
27. STEM Education In K-12 Market Opportunities And Strategies
28. STEM Education In K-12 Market, Conclusions And Recommendations
29. Appendix

 

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