India K-12 market stood at 1.53 million
in 2018 and is projected to grow at a CAGR of 0.29% to reach 1.55 million by
2024 on account of increasing number of private schools pursuing high demand
for quality education. Moreover, government initiatives to improve the quality
of education and FDI in educational sector is further steering the growth in India
K-12 market. Additionally, technology advancements in the method of teaching along
with involvement of government and private institutions is creating
opportunities in the education sector. Digital learning modules such as
e-learning and m-learning have also revolutionized the segment over the past
few years. Government initiatives to modernize the sector have also
gained ground with private players and entrepreneurs undertaking investments to
strengthen their position in India K-12 market.
Years considered for this report:
Historical Years:
2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period:
2019–2024
Objective of the Study:
·
To
analyze and forecast the market size of Indian K-12 market.
·
To
define, classify and forecast the India K-12 market on the basis of school type,
curriculum, and region.
·
To
analyze and forecast the market share for K-12 with respect to school type: Government /Public
and Private Schools.
·
To
scrutinize the detailed market segmentation and forecast the market size, and
on the basis of region by segmenting the India K-12 market into four regions,
namely – North, East, West and South
·
To
identify tailwinds and headwinds for the India K-12 market.
·
To examine
market share on the basis of curriculum (such as State boards, CBSE, ICSCE and
others) in India K-12 market.
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TechSci Research performed
both primary as well as exhaustive secondary research for this study.
Initially, TechSci Research sourced a list of renowned
government/public schools
and private schools in India. Subsequently, TechSci Research conducted primary
research surveys with the identified stakeholders. While interviewing, the
respondents were also enquired about further market segmentation. Through this
technique, TechSci Research was able to include other stakeholders which could
not be identified due to the limitations of secondary research. TechSci
Research analyzed the number of schools, segmentation by type of schools, and
regional presence of all major schools across the country.
TechSci Research calculated
the market size for India K-12 market by using a bottom-up approach, where number
of schools and their volume shares data for type (Government and
Private)
were recorded and forecast for the future years was made. TechSci Research
sourced these volumes from industry experts and externally validated through analyzing
historical data of respective ministries and associations to arrive at the
overall market size. Various secondary sources such as secondary source
directories, databases such as, Ministry of Human Resource Development, Ministry
of Statistics & Programme Implementation, World Bank, Industry Magazines, Government
databases, News Dailies, Credible Paid Databases, Proprietary Database, White
Papers and Investor Presentations were also studied by TechSci Research.
Key Target Audience:
- K-12 Schools (Both Government/Public &
Private Schools)
- Industry experts such as K-12 Consultants
- Research organizations and consulting
companies
- Organizations, forums and alliances related to
Education
- Government bodies such as regulating
authorities and policy makers
- Industry associations
The study is
useful in providing answers to several critical questions that are important
for the industry stakeholders such as Government/Public Schools, Private
Schools, Industry experts. The report provides insights about which market
segments should be targeted over the coming years to strategize investments and
capitalize on the growth of the market segment.
Report Scope:
In this report,
the K-12 market has been segmented into the following categories in addition to
the industry trends which have also been detailed below:
Market, by School
Type:
- Government/Public
- Private
- Market, By Curriculum:
- State Boards
- CBSE
- ICSCE
- Others
- Market, by Geography:
- North Region
- West Region
- South Region
- East Region
Available
Customizations:
With
the given market data, TechSci Research offers customizations according to a
company’s specific needs. The following customization options are available for
the report.