Introduction of PreK-12 Learning
PreK-12 learning refers to the educational experiences and resources designed for students in the age range from preschool (PreK) through grade 12. It encompasses the early childhood years, elementary school, middle school, and high school education.
PreK-12 learning focuses on providing a comprehensive curriculum and educational support to students during their formative years, preparing them for future academic and personal success. It covers various subjects, including language arts, mathematics, science, social studies, physical education, arts, and more.
Fragmented K-12 Education Market and Recent Developments
The K-12 education market is fragmented, with numerous companies vying for market share. Major players in this market include McGraw-Hill Education, Pearson Education Inc., Stride Inc. (k12 Inc.), and others. Recent developments within the industry include:
January 2022: Pearson announced its acquisition of Credly, a prominent provider of digital workforce credentialing. This acquisition strengthens Pearson's presence in the workforce skills sector, as it adds sophisticated credentialing services to its existing workforce analysis, learning, and assessment capabilities. Pearson had already invested nearly 20% in Credly, making this acquisition a significant step forward.
November 2021: McGraw Hill acquired Achieve3000, a recognized pioneer in individualized instruction and learning acceleration for PreK-12 students across all 50 states and 48 countries. This acquisition expands McGraw Hill's portfolio of digital learning solutions, enabling them to offer a broader range of unique educational resources that support teachers, engage students, and enhance learning outcomes.
Accelerated Growth of E-Learning Amidst COVID-19 and Collaborative Initiatives
The COVID-19 pandemic has played a pivotal role in driving the growth of e-learning. The surge in demand for EdTech and smart classrooms emerged as a necessity during these challenging times. To address the challenges faced in adopting e-learning solutions, the IBEForuM organized the Digital Learning APAC Summit in April 2022. The summit aimed to identify the obstacles encountered by the education sector in the APAC region and find ways to overcome them.
Leading EdTech companies, including Panl, joined forces with Google for Education to empower pilot schools across APAC. This collaboration aimed to build a robust body of academic evidence showcasing the full benefits of Google's education tools and their impact on improving teaching and learning at scale.
Conclusion
These recent developments reflect the ongoing efforts of major players in the K-12 education market to expand their offerings, enhance their capabilities, and meet the evolving needs of educators and students. As the market grows, competition among these companies is expected to drive innovation and improve the educational resources available to K-12 students.
Author's Detail
Supriya R Ghadge, LinkedIn
I am working as a Senior Research Analyst, mainly involved in conducting market research in the Information and Communication, and Technology domain. Skilled in Secondary Research, Primary Research, Data Analytics Research approaches with extensive experience providing first-class results. Highly focused, have analytical skills, and synergetic with positive energizers. Meets job demands and deadlines through diligent work-ethic and dedication to quality. Works with clients to determine requirements and provide excellent service.
Author's Detail:
Supriya Jagtap /
LinkedIn
I am working as a Senior Research Analyst, mainly involved in conducting market research in the Information and Communication, and Technology domain. Skilled in Secondary Research, Primary Research, Data Analytics Research approaches with extensive experience providing first-class results. Highly focused, have analytical skills, and synergetic with positive energizers. Meets job demands and deadlines through diligent work-ethic and dedication to quality. Works with clients to determine requirements and provide excellent service.
