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E-School Market Size to Grow USD 9204.3 Million by 2030 at a CAGR of 13% | Valuates Reports

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BANGALORE, India, June 14, 2024 /PRNewswire/ — E-School Market is Segmented by Type (For-profit EMO, Non-profit EMO), by Application (Elementary Schools, Middle Schools, High Schools, Adult Education).

The Global E-school market was valued at USD 3846 Million in 2023 and is anticipated to reach USD 9204.3 Million by 2030, witnessing a CAGR of 13.0% during the forecast period 2024-2030.

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Major Factors Driving the Growth of E-School Market:

The COVID-19 epidemic has expedited the widespread use of digital learning systems, which is driving the rapid growth of the e-School Market. There is now more money being invested in e-learning infrastructure and technologies due to the demand for adaptable, accessible educational solutions. To reduce the achievement gap, governments and academic institutions are also supporting online learning and digital literacy. Students may now access online courses more easily because of the widespread use of smart devices and the internet, which has created a global ecosystem for e-learning.

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TRENDS INFLUENCING THE GROWTH OF THE E-SCHOOL MARKET:

By offering specialized educational programs that are specifically designed to meet the needs of middle school students, for-profit Education Management Organizations (EMOs) are a major factor in the expansion of the e-School sector. These EMOs provide comprehensive learning experiences and rigorous academic programs through their well-structured and captivating online curricula, which are created to satisfy both state and federal educational standards. To keep students interested and motivated during the critical middle school years, their systems frequently include interactive components, gamification, and tailored learning paths. For-profit EMOs also make investments in top-notch materials, cutting-edge equipment, and qualified teachers in order to provide better learning results. High-quality education alternatives are provided by addressing the special educational and developmental needs of middle school children, which is driving the growth of the e-School sector.

The e-School market is expanding due to the efforts of non-profit Education Management Organizations (EMOs), that prioritize excellent education, equity, and accessibility for all students, irrespective of their socioeconomic status. These groups frequently use government subsidies and charitable donations to offer inexpensive or even free educational programs, lowering financial obstacles for families. Their primary objective is to produce online curriculum that are inclusive, of superior quality, cater to a wide range of learning requirements, and prioritize social-emotional learning, community participation, and holistic development. Non-profit EMOs increase e-Schools’ attractiveness and reach by supporting educational equity and making investments in cutting-edge instructional strategies and technological advancements. Due to its mission-driven approach, the e-School sector has experienced substantial development, drawing in a diverse variety of students and families who are looking for a meaningful, values-based education.

The e-School business is expanding significantly due in large part to the growing demand for flexible learning options. For many students and working professionals, traditional education institutions can be restrictive because they frequently call for certain schedules and physical presence. A wider range of people, including those juggling job, family, and other responsibilities, can now attend education thanks to e-schools, which provide the freedom to learn at their own speed and on their own time. The ability to reskill or upskill without having to quit their jobs is very enticing to adult learners. Accessing courses at any time and from any location encourages lifelong learning, which enables people to keep learning throughout their lives. One of the main factors propelling the growth of the e-School industry is this shift towards flexible learning alternatives.

Accessibility and affordability are two important reasons propelling the e-School market’s expansion. Considering that there are no costs associated with physical infrastructure, transportation, or printed materials, online education frequently turns out to be more economical than traditional learning. More people can now afford to attend high-quality education because of e-Schools’ ability to provide a wide selection of courses at reduced prices. Furthermore, e-Schools have the ability to reach kids in underprivileged or distant places where there may not be as many traditional educational institutions. e-Schools democratize education by lowering financial and geographic obstacles, giving more people access to educational possibilities. Parents and students are greatly encouraged by the greater accessibility and affordability, which is a major factor in the market’s expansion.

e-Schools’ growing popularity can be attributed in large part to personalized learning experiences. One-size-fits-all teaching methods are frequently used in traditional classrooms, which may not meet the unique needs of every student. On the other hand, e-School platforms may customize instructional materials to each student’s unique learning preferences, pace, and learning style using data analytics and artificial intelligence. By offering materials and learning paths that are specifically tailored to each student, this individualized approach improves retention, motivation, and engagement. By identifying problem areas and providing focused interventions, adaptive learning technology can guarantee a more successful learning process for pupils. Growth in the market is fueled by e-Schools’ capacity to offer customized learning experiences, which appeals to students looking for a more specialized education.

The expansion of the e-School business is significantly influenced by parental support and involvement. e-Schools frequently offer resources and interfaces that let parents get involved in their kids’ education. In order to support their child’s educational journey, parents can access resources, connect with teachers, and keep an eye on their progress. By being more open and involved, parents are able to actively participate in their child’s education and create a positive learning atmosphere at home. The adaptability of e-School programs also enables parents to better balance their obligations to their families with their children’s educational demands. Parents are drawn to online learning due to its convenience and the opportunity to be more active in their child’s education, which is driving the market’s expansion.

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E-SCHOOL MARKET SHARE

Key participants in global virtual schools include Florida Virtual School (FLVS), K12 Inc., and Connections Academy. Over 50% of the world’s top three manufacturers are held by them.

With a market share of around 90%, the United States is the largest market. China and Canada are next, with respective shares of roughly 5%.

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Key Companies

K12 IncConnections AcademyPansophic LearningFlorida Virtual School (FLVS)Charter Schools USALincoln Learning SolutionsInspire Charter SchoolsAbbotsford Virtual SchoolAlaska Virtual SchoolBasehor-Linwood Virtual SchoolAcklam GrangeIllinois Virtual School (IVS)Virtual High School(VHS)Aurora CollegeWey Education Schools TrustN High SchoolBeijing Changping School

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  The global K12 Education Learning Management market size is projected to reach USD 3691.6 Million by 2028, from USD 1052.5 Million in 2021, at a Compound Annual Growth Rate (CAGR) of 19.4% during 2022-2028.

–  Corporate Learning Management System (LMS) Market

–  Corporate E learning market was valued at USD 22150 Million in 2023 and is anticipated to reach USD 46080 Million by 2030, witnessing a CAGR of 10.9% during the forecast period 2024-2030.

–  Content Authoring Tools Market

–  Cyber School market was valued at USD 3846 Million in 2023 and is anticipated to reach USD 4918 Million by 2030, witnessing a CAGR of 3.5% during the forecast period 2024-2030.

–  Virtual Schools Market revenue was USD 3846 Million in 2022 and is forecast to a readjusted size of USD 9136.6 Million by 2029 with a CAGR of 13.0% during the review period (2023-2029).

–  Education ERP Market

–  The global EdTech market size was valued at USD 85 Billion in 2021, it is expected to reach over 230 Billion U.S. dollars by 2028, growing at a CAGR of 15% during 2022-2028.

–  The global back-to-school market size was valued at USD 66.1 Billion in 2020 and is projected to reach USD 131.1 Billion by 2030, registering a CAGR of 4.8% from 2021 to 2030.

–  The Asia-Pacific back-to-school market size was valued at USD 26.3 Billion in 2020, and is projected to reach USD 58.2 Billion by 2030, registering a CAGR of 6.0% from 2021 to 2030.

–  K-12 School Management System Market

–  The global Learning Management System (LMS) market size is expected to reach USD 40360 Million by 2029, growing at a CAGR of 17.1% from 2023 to 2029.

–  The global K12 Education Technology market was valued at USD 14810 Million in 2023 and is anticipated to reach USD 71820 Million by 2030, witnessing a CAGR of 25.0% during the forecast period 2024-2030.

–  The global market for Online K-12 Education was estimated to be worth USD 7984 Million in 2023 and is forecast to a readjusted size of USD 12930 Million by 2030 with a CAGR of 8.3% during the forecast period 2024-2030.

–  E-Learning VR Market

–  Virtual Classroom market size is projected to reach USD 16020 Million by 2027, from USD 8602.8 Million in 2020, at a CAGR of 9.2% during 2021-2027.

–  The global big data analytics in education market size was valued at USD 13.58 Billion in 2020 and is projected to reach USD 57.14 Billion by 2030 registering a CAGR of 15.3%.

–  Corporate E learning market was valued at USD 22150 Million in 2023 and is anticipated to reach USD 46080 Million by 2030, witnessing a CAGR of 10.9% during the forecast period 2024-2030.

–  K12 Online Tutoring Market

–  K12 Tutoring market size is projected to reach USD 3619.8 Million by 2028, from USD 1052.5 Million in 2021, at a CAGR of 19.0% during 2022-2028.

–  Online Tutoring market is projected to grow from USD 9548 Million in 2024 to USD 23020 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 15.8% during the forecast period.

–  Blended E-learning Market

–  Academic E-Learning Market

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Technology

Typeform Delivers New Solutions to Empower B2C Businesses to Better Engage Customers

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November 14, 2024

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Brands can now use video, data enrichment, and AI-powered capabilities to create interactive, hyper-personalized experiences and uncover deeper insights

SAN FRANCISCO, Nov. 14, 2024 /PRNewswire/ — Typeform, the intuitive form builder and conversational data collection platform, today announced new features that provide business-to-consumer (B2C) businesses with the context, clarity, and convenience needed to better engage and understand their customers. Now businesses can further enhance the respondent experience, all while gathering richer, actionable data. 

Today, 70% of consumer decisions are based on emotion, including brand preference.¹ Buyers expect brands to tailor experiences to their personal preferences more than ever, but at the same time, they’re also becoming more cautious about sharing personal information. Typeform’s latest features help brands collect data directly from customers through interactive, personalized experiences they trust, then automatically enhance it with third-party insights to deepen their understanding. This empowers companies to deliver more targeted, data-driven marketing.

“Businesses can’t thrive on surface-level insights,” said Aleks Bass, Chief Product Officer, Typeform. “Our latest innovations give you the ability to dig deeper into truly knowing your customers by providing dynamic data collection experiences that encourage quality responses. Whether boosting conversions with a personalized product recommendation quiz or gathering feedback through video surveys, the common denominator is that your customers enjoy the experience.”

The offerings were unveiled at Typeforum 2024, Typeform’s first-ever virtual product spotlight event, designed to showcase the latest innovations from the company. Newly released features include: 

Enhanced Video Capabilities: Typeform now allows customers to respond with video, providing businesses deeper insights through voice and expressions, not just text. This builds on Typeform’s existing feature that enables creators to record, edit, and embed personalized videos into forms, boosting engagement and conversions. Typeform research found that 65% of marketers believe video is an effective tool for engaging and interacting with customers in ways that feel more human and create connection and loyalty.²Clarify with AI: Typeform’s Clarify with AI acts as a virtual interviewer, prompting follow-up questions based on customer responses. When a customer is asked about their experience and answers vaguely, like “good,” the AI encourages more detailed feedback, asking, “Good, how? What stood out?” For customers, it feels like a personalized conversation. For brands, it delivers more insights. Automated B2C Data Enrichment: Earlier this year, Typeform introduced automated B2B data enrichment, making it easier than ever to understand customers at a deeper level without needing to ask additional questions. Now, consumer-level enrichment is available in the Typeform platform. With just a personal email address, companies can pull in key data points from trusted third-party sources, providing a more complete picture of who’s on the other side of the screen.AI-powered Qualitative Analysis: With this feature, businesses can instantly analyze large volumes of text and video responses to surface key themes and insights, saving hours of manual work. Data Quality Tools: Invisible reCAPTCHA ensures data integrity by blocking bots and automated submissions, allowing only genuine responses to be collected. This safeguard enhances data reliability, helping teams make accurate, data-driven decisions.Klaviyo Integration: Typeform will soon be launching a new integration with Klaviyo, designed for B2C and direct-to-consumer (DTC) marketers. It will ensure that every insight gathered flows seamlessly into Klaviyo. Manual data transfers are eliminated as segments automatically update with Typeform data, enabling hyper-targeted campaigns customized to each customer’s unique profile. This integration combines Typeform’s interactive data collection with Klaviyo’s automation, facilitating more natural, personalized customer connections while driving business growth.

“We built a powerful product recommendation quiz not just to help our customers, but to generate invaluable data that allows us to better segment and engage them with relevant marketing,” said Addison Wennar, Digital Communications Manager, OGEE. “With the holiday shopping season approaching, these insights will be key. Typeform already delivers the highest response rates for us, and I’m excited to see how the new features will amplify that impact.”

The features are available today in Typeform for Growth plans. Watch the Typeforum 2024 recordings and learn how to use Typeform to better understand and engage customers here. 

About Typeform
Typeform is a distinctly intuitive form builder that helps over 150,000 customers collect and validate the data they need to grow their businesses. Designed with striking visuals, a conversational flow, and powerful data capabilities, Typeform empowers brands to give and get more with each form. Typeform drives more than 500 million responses each year and integrates with essential tools including Zapier, HubSpot, and Slack. For more information, visit www.typeform.com.

1         Pendell, R. (2024, October 15). Customer brand preference and decisions: Gallup’s 70/30 principle. Gallup.com. https://www.gallup.com/workplace/398954/customer-brand-preference-decisions-gallup-principle.aspx#:~:text=70%25%20of%20decisions%20are%20based,Making%20Process:%20Rational%20or%20Emotional?

2          Data from a survey of 105 Typeform customers conducted on September 30, 2024.

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SOURCE Typeform S.L.

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Electronic Drives and Controls Celebrates Impressive Growth and Strong Demand for Industrial Automation Solutions

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November 14, 2024

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EDC has announced 39% revenue growth over the past year and a strengthened presence in the metals converting and composites industries. The company has also maintained key certifications, including CSIA, UL508A, Rockwell Automation, Siemens, and Ignition.

PARSIPPANY, N.J., Nov. 14, 2024 /PRNewswire-PRWeb/ — Electronic Drives and Controls, Inc. (EDC), a leading control system integrator and field service company for industrial automation and drive technology, today announced that the company has experienced a year of growth and success, achieving a 39% increase in revenue year-over-year. To meet the growing demand for automation and drive solutions, EDC has expanded its team, hiring Ricky Arcky as human resources manager and Tyler Schaberick as systems engineer. EDC attributes this growth to maintaining industry certifications, digital marketing efforts, a dedicated team, and strong, long-term partnerships.

“We are proud of the growth we’ve achieved this year, which is a testament to the hard work of our team and our commitment to delivering exceptional service to our clients.”

“We are proud of the growth we’ve achieved this year, which is a testament to the hard work of our team and our commitment to delivering exceptional service to our clients,” said Chuck Dillard, Vice President of EDC. “Our recent hires and increased project load reflect our strategy to grow both wider and deeper with our existing clients, as well as entering new industries.”

“We’ve put in years of preparation and invested heavily in digital marketing to get the word out about our services, knowing that growth was inevitable,” Dillard added. “Our team has worked tirelessly and the results speak for themselves: clients continue to return to us because of our technical expertise and the strong results we deliver.”

EDC’s expertise in coating & laminating, wire and cable, PLC programming and upgrades, as well as drive service, has allowed the company to strengthen its presence in the metals converting industry, securing new and expanded projects across multiple client plants. EDC has also successfully completed upgrades for a new client in the composites industry, widening the portfolio of industries it caters to.

In addition to recent growth, EDC remains committed to maintaining the highest industry standards through its CSIA certification, which ensures adherence to best practices in control system integration. Several certifications, including UL508A recertification and certifications from Rockwell Automation, Siemens, and Ignition, further emphasize EDC’s dedication to safety, technical proficiency, and continuous improvement.

About Electronic Drives and Controls, Inc.
Founded in 1968, Electronic Drives and Controls, Inc. (EDC) is a CSIA Certified control system integrator with deep domain expertise in the coating and laminating, and converting industries. The company’s large field service team specializes in AC and DC drives, PLCs and factory automation. Family owned and operated for more than 50 years, EDC’s team of engineers and technicians has a vast experience integrating new control systems and breathing life into older equipment. EDC has the engineering capability to design, build, start-up and service projects from the sophisticated to the simple and the service support team on call 24/7/365 to keep it all running at peak efficiency from day one and for years to come. In addition to the company’s certification as a Siemens Solution Partner and a Rockwell Automation Recognized System Integrator, EDC is a factory authorized/factory trained service center for over 40 drive brands. For more information, visit the company’s website, LinkedIn, Twitter, Facebook, and YouTube.

Media Contact

Georgia Whalen, Rivergate Marketing, (978) 697-2664, Gwhalen@rivergatemarketing.com, www.electronicdrives.com/home/

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SOURCE Electronic Drives and Controls, Inc. (EDC)

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Allstate Financial Services Selects Covr to Provide Life Insurance, Long-Term Care, and Disability Insurance Solutions

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November 14, 2024

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Covr’s Digitally Enabled Insurance Platform Will Simplify the Buying Process

HARTFORD, Conn., Nov. 14, 2024 /PRNewswire/ — Covr, a leading digital insurance provider, has partnered with Allstate Financial Services, LLC to offer a streamlined suite of life, long-term care (LTC), and disability income insurance solutions through Covr’s digital platform. This partnership provides Allstate Financial Services customers with a simple, connected experience, featuring an intuitive, paperless process that makes it easier than ever to purchase insurance tailored to their diverse needs.

Covr’s platform offers an easy-to-use, self-guided experience to efficiently compare and recommend insurance products. Additionally, Allstate Financial Services will offer a range of products through Covr’s platform, including guaranteed issue life insurance through Gerber Life and disability insurance through Assurity, Ameritas, MassMutual, Mutual of Omaha and Principal. Traditional long-term care will also be available through Mutual of Omaha.

“We are extremely pleased to add Allstate’s network of 7,000+ representatives to our insurance platform,” said Michael Kalen, CEO of Covr. “Their business owners and individual customer base fits perfectly with our portfolio of simplified life, LTC, and disability income solutions for agents and their customers.”

“We’re committed to expanding solutions that better meet our customers’ protection needs,” said Scott Delaney, President and CEO, Allstate Financial Services. “With Covr’s digital platform, our representatives can deliver a more connected experience and offer a broader range of insurance options tailored to each customer’s unique needs.”

Allstate representatives will collaborate closely with Covr’s sales team to ensure ongoing support. Allstate Financial Services will also benefit from Covr’s top-tier case management services, providing end-to-end support throughout the entire insurance process.

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SOURCE Covr Financial Technologies

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