Dallas, Texas, Aug. 16, 2022 (GLOBE NEWSWIRE) — At a projected CAGR of 19.8% over the forecast period, the global K–12 Education Technology market is expected to increase from $105.68 billion in 2022 to $322.68 billion in 2029.
The main drivers propelling the K12 Education Technology Market include rising digital learning usage, rising BYOD policies, and business mobility, extensive government initiatives to develop LMS, and rising use of artificial intelligence (AI) and machine learning (ML) in LMS. With the advent of technology in education, schools and universities are now able to provide innovative solutions like e-books, AR/VR interactive material, and acknowledged university-approved online courses. Thus, it is projected that this will encourage the growth of the K–12 education technology industry.
The expansion of the k-12 education technology market is anticipated to have been influenced by an increase in the usage of EdTech (education technology) solutions in both academic and non-academic sectors. EdTech products and services are now more widely accepted in K–12 and higher education. Additionally, it is anticipated that there will be plenty of potential for the expansion of the K12 technology education industry due to the proliferation of smart devices, easy access to the internet, and the emergence of AR and VR for a more participatory education curriculum. Additionally, growing knowledge of the advantages of technology integration is…
