Market revenue in 2023 | USD 114,671.2 million |
Market revenue in 2030 | USD 341,612.0 million |
Growth rate | 16.9% (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 48.88% in 2023. Horizon Databook has segmented the India 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.
The Indian K-12 education sector has seen tremendous growth owing to the rapid adoption of e-learning solutions, increasing smartphone and internet penetration, growing support by the government for digital education, and rising awareness regarding the benefits of technology in the education sector.
Several initiatives by the government such as tax benefits for EdTech start-ups and promoting the use of e-learning in the education system have played a vital role in driving the adoption of technology in the education sector.
In addition, companies such as Udemy, BYJU, Vedantu, and UpGrad, have captured the Indian market, thereby promoting the culture of online and personalized K-12 learning in the country.
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