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K-12 in the US: market analytics & trends

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Written by:Aleksandra Tereshenok
Published:August 31, 2023
Time for reading:6 min

We are keen on exploring the world of EdTech and sharing our findings with our readers. In this article, we are going to analyze the K-12 market, gain valuable insights, and explore industry trends.

Intro to K-12

To begin with, K-12 is used as an abbreviation to refer to all primary and secondary education. The K-12 educational system aspires to give students an excellent elementary school education from kindergarten to the 12th grade.

Improvements in access to high-quality education and smart learning are recently driving the K–12 education industry. The adoption of digital technologies and the COVID pandemic have fueled demand for online K–12 education. The convenience and flexibility offered by online learning for K-12 have attracted a large number of students and parents, leading to a surge in market demand.

The integration of interactive learning tools and personalized teaching methods has enhanced the effectiveness of online education. At the same time, government and NGO funds have significantly contributed to market growth.

According to the latest research, the Online K–12 Education Market in the world will account for US$ 119.7 billion in 2022, is estimated to be US$ 631.9 billion by 2032, and is anticipated to register a CAGR of 17.0%. Therefore, the K–12 industry is developing quickly.

K-12 Market in the USA

According to a recent study, the US K-12 Education Market size was estimated at USD 3 Billion in 2021 and is expected to hit around USD 25 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 27% from 2022 to 2030.

The US K-12 Education Market 2022-2030 by End-User
The US K-12 Education Market 2022-2030 by End-User

The growth of the K-12 education industry in the US has been accelerated by the introduction of technology. It allows educational institutions to provide innovative solutions like e-books, interactive content, and accredited online courses.

Increased acceptance of EdTech solutions is gradually shifting their focus from the legacy EdTech education system to online EdTech solutions.

It’s safe to say that digital learning has taken over traditional methods, especially with the pandemic. It’s been on the rise in recent years with the emergence of new tools such as virtual reality (VR), gamification, and LMS/ LXP. By the way, all these tools can be used together, increasing the efficiency of education.

Learning management systems (LMS) are computerized platforms used to organize, deliver, and monitor students’ online learning. This tool is highly efficient in terms of providing education, which is why it has become increasingly popular.

According to the report, the US LMS Market was valued at 4,864 million USD in 2021 and expected to reach 24, 577 million USD in the forecast period (2022-2030).

When it comes to the current state of K-12 education technology in the USA, there has definitely been an increase in adoption rates over the years. We conducted research on LMS, which passed the US adoption process in recent years, for company purposes. Yet, why not share it?

The research is based on available data provided by the Department of Education official website, the official web pages of different states, and state educational establishments only.

The Most Popular LMS Adopted in the US
The Most Popular LMS Adopted in the US

Canvas turned out to be the most widely adopted LMS across America. Moreover, there is a tendency to switch to Canvas from other LMSs as it provides the most cutting-edge solutions.

Schoology, Blackboard, Google Classroom, Moodle, and D2D Brightspace also have a large area of adoption and provide competition in the K-12 LMS market.

There are LMS platforms that are still popular in the US, such as Agilis Buzz, SD Learn, LearnSoft, Saba Cloud, and Cornerstone.

Other LMSs appeared to be less popular due to a smaller competitive advantage or being designed for local use, such as Lalima, BrainHoney, SumTotal, and many others.

The extensive government initiatives for the growth of LMS platforms, the rising popularity of digital learning, the trend toward bring-your-own-device policies, and the development of artificial intelligence (AI) and machine learning (ML) in LMS are just a few of the factors driving the LMS market forward.

These factors have created a favorable environment for the growth of the LMS market, with more organizations and educational institutions recognizing the benefits of implementing LMS platforms.

Moreover, the integration of AI and ML technologies in LMS has enhanced personalized learning experiences and improved the overall efficiency of learning management systems.

Conclusion

Emerging technologies in education are revolutionizing the way we teach and learn. From high-tech gadgets to innovative software, these advancements are transforming the educational landscape. As technology continues to advance, we can expect even more exciting developments in the field of education and huge growth in the K-12 market.

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