Latin America K-12 Education Market Size & Outlook
Latin America k-12 education market, 2017-2030 (US$M)
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Latin America k-12 education market highlights
- The Latin America k-12 education market generated a revenue of USD 121,709.2 million in 2023.
- The market is expected to grow at a CAGR of 10.2% from 2024 to 2030.
- In terms of segment, high school (9-12) was the largest revenue generating application in 2023.
- Middle School (6-8) is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 121,709.2 million |
| Market revenue in 2030 | USD 240,702.0 million |
| Growth rate | 10.2% (CAGR from 2023 to 2030) |
| Largest segment | High school (9-12) |
| Fastest growing segment | Middle School (6-8) |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Elementary School (K-5), Middle School (6-8), High School (9-12) |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.9% of the global k-12 education market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,666,399.8 million by 2030.
High school (9-12) was the largest segment with a revenue share of 49.06% in 2023. Horizon Databook has segmented the Latin America 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 Latin America market is likely to witness considerable growth over the forecast period. One of the key factors driving market growth is the high number of elementary schools in the majority of Latin American countries.
Moreover, the growing need to improve the existing IT infrastructure to prepare students for the growing use of advanced technologies across diverse industries is also observed as one of the key drivers promoting the implementation of EdTech solutions in the K-12 education sector in the region.
Moreover, countries such as Brazil and Mexico are focusing on developing and promoting local, more cost-effective EdTech solutions for both students and teachers. As a result, local companies are gaining substantial support from governments in terms of funding and promotions, thereby contributing to the growth of the regional market.
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K-12 Education Market Scope
K-12 Education Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America k-12 education market size, by country, 2017-2030 (US$M)
Latin America K-12 Education Market Outlook Share, 2023 & 2030 (US$M)
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