What Is The Scope Of The Global K-12 Education Learning Management Systems Market?
K-12 education learning management systems refer to software platforms designed specifically for managing and delivering educational content and resources in kindergarten through 12th-grade settings. These systems provide tools for educators to create, organize, deliver, and track learning materials and activities for students.
K-12 Education Learning Management Systems Global Market Report 2024 provides data on the global k-12 education learning management systems market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The K-12 Education Learning Management Systems market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global K-12 Education Learning Management Systems?
The K-12 education learning management systems market size has grown strongly in recent years. It will grow from $1.12 billion in 2023 to $1.19 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to a shift towards blended learning models, the need for remote learning solutions, parental engagement and communication, and integration with curriculum standards. The K-12 education learning management systems market size is expected to see strong growth in the next few years. It will grow to $1.54 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increasing demand for personalized learning, government initiatives for digital education, focus on inclusive education practices, and focus on social and emotional learning. Major trends in the forecast period include a focus on competency-based learning, the rise of microlearning and bite-sized content, enhanced parental engagement features, and personalized assessment and feedback.
What Are The Leading Drivers Of Growth In The K-12 Education Learning Management Systems Market?
Increased demand for online learning is set to drive the growth of the K–12 education learning management systems (LMS) market in the coming years. Online learning, facilitated through virtual environments using the internet and digital tools, is gaining popularity due to its flexibility, accessibility, affordability, and technological advancements. K–12 Education Learning Management Systems are essential in this context, providing centralized platforms for content delivery, collaboration, assessment, and data analysis, thereby enhancing educational quality and effectiveness for K–12 students. For instance, according to the World Economic Forum in January 2022, enrollment in Coursera's online courses surged from 71 million in 2020 to 92 million in 2021. This substantial increase underscores the growing demand for online learning, driving the expansion of the K–12 education learning management systems market.
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How Are The Segments Defined Within The Global K-12 Education Learning Management Systems Market?
The K-12 education learning management systems market covered in this report is segmented –
1) By Type: Cloud-Based, On-Premise
2) By Application: K-12 Schools, Higher Education Institutions
3) By End-User: Teachers, Students, Administrators
How Are New Trends Expected To Influence The Growth Of The K-12 Education Learning Management Systems Market?
Major companies in the K-12 education learning management systems market are developing advanced solutions like supply chain platforms for schools to enhance their offerings. These platforms help manage school facilities and equipment efficiently. For instance, in June 2021, Arvind Mafatlal Group, an India-based IT company, launched an integrated supply chain solution and platform for K-12 schools. This platform aims to provide a comprehensive solution for managing educational services, including a wide range of school products and courses. It focuses on holistic student development through academic and non-academic courses, including mental health, physical wellness, and soft skills.
Which Region Drives The Highest Growth In The K-12 Education Learning Management Systems Market?
North America was the largest region in the K-12 education learning management systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the K-12 education learning management systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
