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The rapid growth of the K12 eLearning market - what lead it?

August 31, 2021 news banner 160

During the forecast period, the K-12 blended E-learning market is anticipated to increase by USD 12.27 billion, at a CAGR of almost 14%. The greatest feature of K12 eLearning courseware is that it incorporates all of the components necessary to facilitate learning.

Different technological components that lead to the development of the K12 eLearning industry

Globally, the rising demand for technology-enabled e-learning solutions is propelling the sector forward. The increasing acceptance of cloud-based learning and the integration of gamification and augmented/virtual reality into these solutions have greatly improved the quality of the learning experience. Gamification integration into e-learning platforms has also aided in the development of courses that increase student engagement and results. 

K-12 eLearning solution archives the same by incorporating game principles into non-game settings to motivate users and enhance their problem-solving skills. Points, badges, leaderboards, challenges, and bonuses are all examples of game mechanics. It does not create real games, but rather uses game-like techniques to engage learners. The distribution of education enables learners to improve their educational results.

Primary drivers of the eLearning market's growth:

The main reasons driving the e-Learning market's development are as follows:

  •   Rise of internet connection: The rapid expansion of internet connection in developing countries, fueled by increasing government expenditures, is expected to boost market growth.
  •  Digitalization: With the advancement of digitalization, both the public and private sectors are embarking on ambitious plans for online tutoring and digital material distribution, thus increasing the size of the e-learning industry.
  •   Introduction of new technologies: The emergence of cloud infrastructure, peer-to-peer issue resolution, open content production, and fast audience growth.
  • Increased collaboration: The content providers sector of the eLearning market is expected to increase at a significant pace through 2027. The growing use of e-learning technology by schools and companies is pushing content producers to concentrate on collaboration and cooperation while also providing learners with interactive course material

How did COVID-19 contribute to the development of the K12 eLearning market?

With the coronavirus (COVID-19) epidemic and worldwide school closures, the industry's need for online education grew. To enhance students' learning experiences, schools and institutions used K12 eLearning solutions that included interactive classroom training, video conferencing technologies, animations, and simulations. These made learning easy to understand. 

The continuing COVID-19 epidemic is also a significant influence on the APAC market's use of e-learning technologies. Numerous nations have enforced strict lockdowns, resulting in the closure of schools, colleges, and businesses across the country. Multiple waves have compelled governments in many nations to prolong the lockdown time. This has prompted companies and educational institutions to use e-learning systems in order to do business remotely.

Additional elements that aided the K12 industry

The K-12 Online Education market is driven by increasing acceptance of digital learning, a rising desire to improve the learning experience for optimal results, and the introduction of AR/VR technology. Benefits such as improved security, cheap setup costs, ease of access, faster deployment, high scalability, customizability, increased storage capacity, simplicity of maintenance, automated update of course materials, and mechanical licensing by suppliers all contribute to the segment's development.

August 31, 2021