Market revenue in 2023 | USD 49,922.2 million |
Market revenue in 2030 | USD 103,742.6 million |
Growth rate | 11% (CAGR from 2023 to 2030) |
Largest segment | High school (9-12) |
Fastest growing segment | Middle School (6-8) |
Historical data | 2017 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Elementary School (K-5), Middle School (6-8), High School (9-12) |
High school (9-12) was the largest segment with a revenue share of 49.29% in 2023. Horizon Databook has segmented the Brazil k-12 education market based on elementary school (k-5), middle school (6-8), high school (9-12) covering the revenue growth of each sub-segment from 2017 to 2030.
Initiatives such as the National Education Plan (PNE), which sets goals for improving literacy, increasing enrollment, and enhancing teacher training, are contributing to the K-12 education market's growth. Government investment in infrastructure, digital resources, and curriculum development is also a key driver of the K-12 education market.
Furthermore, as more families move to urban areas and their disposable incomes rise, there is an increasing demand for high-quality education and supplementary services such as tutoring, extracurricular activities, and language courses.
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