Market Overview:
The global K-12 technology spend market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market is segmented by type, application, and region. By type, the market is segmented into hardware, software, solution, and support. Hardware accounted for the largest share of the global K-12 technology spend market in 2017 and is expected to maintain its dominance during the forecast period. By application, pre-primary school accounted for the largest share of the global K-12 technology spend market in 2017 and is expected to maintain its dominance during the forecast period. North America was estimated to account for majority of spending on k-12 education technology in 2017 followed by Europe Asia Pacific , Latin America Middle East & Africa .
Product Definition:
K-12 technology spend is the total amount of money allocated to technology spending in K-12 education. This includes expenditures on hardware, software, digital content, and services. The importance of K-12 technology spend lies in its ability to help students learn and prepare for the future. By providing teachers with the tools they need to engage students in learning, schools can improve student achievement and better prepare them for college and careers.
Hardware:
Hardware is the tangible assets of a technology environment. It includes all electronic devices and components such as laptops, desktops, servers, storage devices and network connectivity equipment.
Hardware accounts for almost 40% to 50% share in Technology spend compared to software which accounts for around 20%.
Software:
The global software and it's usage in K-12 technology spend market size was valued at USD 97.1 billion in 2016. It is expected to expand at a CAGR of XX% over the forecast period.
Application Insights:
The pre-primary school application segment dominated the global K-12 technology spend market in 2017. This is attributed to the increasing demand for educational software and hardware products in this segment. For instance, according to a study conducted by NPD Group, Inc., U.S., nearly 90% of all new consumer electronics purchases are made by parents for children aged 6 to 12 years old. Similarly, according to a survey conducted by Common Sense Media ¢â‚¬Å“ more than 60% of parents with children ages 3¢â‚¬ 8 said that their child learned how to use an iPad at home compared with less than 30% who reported that their child learned about computers at home using computer games or activities from school ¢â‚¬² 2013 - 2016). These factors indicate a significant growth potential in this region over the forecast period and drive the overall market growth globally.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing investments by governments and growing awareness among parents regarding the benefits of modern learning tools for their kids. Moreover, rising disposable income levels are likely to contribute significantly toward regional growth over the next eight years.
The Asia Pacific was followed by North America with a significant market share owing to increased spending on K-12 education sector coupled with government initiatives such as Common Core Standards and Next Generation Science Standards that promote technology integration in schools across U.S., Canada, and Mexico countries have contributed significantly toward industry growth in this region since 2016 (excluding China).
Growth Factors:
- Increasing demand for online/blended learning programs
- Rising number of K-12 students in the U.S.
- Shift to Common Core standards and Next Generation Science Standards
- Growing use of educational technology in classrooms
- More schools adopting 1:1 device initiatives
Scope Of The Report
Report Attributes
Report Details
Report Title
K-12 Technology Spend Market Research Report
By Type
Hardware, Software, Solution, Support
By Application
Pre-primary School, Primary School, Middle School, High School
By Companies
Blackboard, Knewton, Microsoft, 2U, Aptara, Articulate, Dell, Discovery Communication, Echo360, IBM, Jenzabar, Promethean World, Saba Software
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global K-12 Technology Spend Market Report Segments:
The global K-12 Technology Spend market is segmented on the basis of:
Types
Hardware, Software, Solution, Support
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pre-primary School, Primary School, Middle School, High School
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Blackboard
- Knewton
- Microsoft
- 2U
- Aptara
- Articulate
- Dell
- Discovery Communication
- Echo360
- IBM
- Jenzabar
- Promethean World
- Saba Software
Highlights of The K-12 Technology Spend Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- Solution
- Support
- By Application:
- Pre-primary School
- Primary School
- Middle School
- High School
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the K-12 Technology Spend Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
K-12 technology spend refers to the total amount of money that schools and districts spend on technology in a given year. This figure can vary significantly from year to year, depending on the type of technology being purchased and how it is being used.
Some of the major companies in the k-12 technology spend market are Blackboard, Knewton, Microsoft, 2U, Aptara, Articulate, Dell, Discovery Communication, Echo360, IBM, Jenzabar, Promethean World, Saba Software.
The k-12 technology spend market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 K-12 Technology Spend Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 K-12 Technology Spend Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 K-12 Technology Spend Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the K-12 Technology Spend Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global K-12 Technology Spend Market Size & Forecast, 2018-2028
4.5.1 K-12 Technology Spend Market Size and Y-o-Y Growth
4.5.2 K-12 Technology Spend Market Absolute $ Opportunity
Chapter 5 Global K-12 Technology Spend Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 K-12 Technology Spend Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Solution
5.2.4 Support
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global K-12 Technology Spend Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 K-12 Technology Spend Market Size Forecast by Applications
6.2.1 Pre-primary School
6.2.2 Primary School
6.2.3 Middle School
6.2.4 High School
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global K-12 Technology Spend Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 K-12 Technology Spend Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America K-12 Technology Spend Analysis and Forecast
9.1 Introduction
9.2 North America K-12 Technology Spend Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America K-12 Technology Spend Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Solution
9.6.4 Support
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America K-12 Technology Spend Market Size Forecast by Applications
9.10.1 Pre-primary School
9.10.2 Primary School
9.10.3 Middle School
9.10.4 High School
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe K-12 Technology Spend Analysis and Forecast
10.1 Introduction
10.2 Europe K-12 Technology Spend Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe K-12 Technology Spend Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Solution
10.6.4 Support
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe K-12 Technology Spend Market Size Forecast by Applications
10.10.1 Pre-primary School
10.10.2 Primary School
10.10.3 Middle School
10.10.4 High School
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific K-12 Technology Spend Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific K-12 Technology Spend Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific K-12 Technology Spend Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Solution
11.6.4 Support
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific K-12 Technology Spend Market Size Forecast by Applications
11.10.1 Pre-primary School
11.10.2 Primary School
11.10.3 Middle School
11.10.4 High School
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America K-12 Technology Spend Analysis and Forecast
12.1 Introduction
12.2 Latin America K-12 Technology Spend Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America K-12 Technology Spend Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Solution
12.6.4 Support
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America K-12 Technology Spend Market Size Forecast by Applications
12.10.1 Pre-primary School
12.10.2 Primary School
12.10.3 Middle School
12.10.4 High School
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) K-12 Technology Spend Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) K-12 Technology Spend Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) K-12 Technology Spend Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Solution
13.6.4 Support
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) K-12 Technology Spend Market Size Forecast by Applications
13.10.1 Pre-primary School
13.10.2 Primary School
13.10.3 Middle School
13.10.4 High School
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 K-12 Technology Spend Market: Competitive Dashboard
14.2 Global K-12 Technology Spend Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Blackboard
14.3.2 Knewton
14.3.3 Microsoft
14.3.4 2U
14.3.5 Aptara
14.3.6 Articulate
14.3.7 Dell
14.3.8 Discovery Communication
14.3.9 Echo360
14.3.10 IBM
14.3.11 Jenzabar
14.3.12 Promethean World
14.3.13 Saba Software
