The global K-12 online tutoring market is anticipated to grow rapidly at a CAGR of approximately 12% during the forecast period. With the advances in the education technology and improved accessibility to quality education is one of the factor driving the K-12 online education market. North America leads the K-12 online education market whereas Asia Pacific region is projected to grow at a faster rate. The number of education startups is now increasing at an exponential rate. It has been estimated that around 37% of the education startups are working on expanding K-12-online education market.
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Key Takeaways
• K12 Inc. - K12 Inc. is one of the largest providers of online education for K-12 students in the United States. They offer a variety of online courses, including core curriculum, electives, and advanced placement courses.
• Pearson plc - Pearson is a British multinational publishing and education company that provides online and blended learning solutions for K-12 students.
• Connections Education - Connections Education is a provider of online and blended learning solutions for K-12 students. They offer a range of courses and services, including full-time virtual schools, online summer school, and credit recovery programs.
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K-12 online Education Market Segment Analysis
• Type of Courses: The K-12 online education market can be segmented based on the type of courses offered, such as core curriculum courses, elective courses, advanced placement courses, and career-oriented courses.
• Mode of Delivery: This market can be segmented based on the mode of delivery, such as synchronous (real-time) online classes, asynchronous (self-paced) online classes, or a combination of both.
• End-User: The K-12 online education market can be segmented based on end-users, such as public schools, private schools, and home-schoolers.
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