The Europe STEM Education In K-12 Market would witness market growth of 12.8% CAGR during the forecast period (2022-2028).
The growth of high-tech jobs and the rising need for critical thinking & innovation have resulted in the growing demand for STEM education. Various technologies, like quantum computing, artificial intelligence, etc., would support the STEM education systems to surge innovation-based competitiveness. STEM is considered the foundation of technological advancements & discovery, and this may result in enhancing ingenuity & creativity among students.
STEM education in K-12 is predicted to hasten experimentation, boost science knowledge, foster teamwork, drive tech use, and build resilience that may lead to future innovations. The government of several nations is taking certain initiatives to enhance the quality of education at the k-12 level. Various policies are being introduced to modernize STEM education by raising investment from private players. Continuing advances in technology have grown awareness regarding learning analytics in the education sector.
This enables educational academies and institutes to offer personalized learning platforms. The acceptance of artificial intelligence across the globe has surged the adoption of digital education systems. This provides students with customized content according to their profiles, active behavior, and performance in academics as institutes are widely investing in virtual learning models that, in turn, would drive the acceptance of STEM education in K-12.
STEM education is considered an essential aspect of the UK's economy. A large number of engineer work in the UK, adding up to the gross value of the nation's economy. The nation employs around 30 million people, out of which approximately 5.8 million are employed in occupations requiring STEM skills. Besides this, a large number of doctors, nurses, and teachers of STEM subjects also account for a large share of STEM-related occupations.
The Germany market dominated the Europe STEM Education In K-12 Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,352.8 million by 2028. The UK market is anticipated to grow at a CAGR of 11.8% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 13.6% during (2022 - 2028).
Based on Type, the market is segmented into Self-Paced and Instructor-led. Based on Application, the market is segmented into High School (9-12), Middle School (6-8), and Elementary School (K-5). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global STEM Education In K-12 Market will Hit $86.7 Billion by 2028, at a CAGR of 13%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Stride, Inc., edX, Inc. (2U, Inc.), BYJU'S, Hurix Systems Pvt. Ltd., STEM Learning Ltd., MEL Science, STEMI d.o.o., STEMROBOTM Technologies Pvt Ltd., Edutech, and StemLabs Education.
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