Supplemental Instructional Materials Market to Grow to $4.6 billion in 2024
ROCKVILLE, Md., July 7, 2022 /PRNewswire/ -- According to a just-published report by SIMBA Information, the size of the K-12 instructional supplemental materials market was estimated at $3.8 billion in 2020 and forecast to increase to $4.6 billion in 2024. That growth represents a CAGR of 5.3% over the four years, and a corresponding rise in the market share of supplemental materials from 43.9% of the total K-12 instructional materials market in 2020 to 45.7% in 2024.
- Impact of at home learning, increase in digital resources spur growth
ROCKVILLE, Md., July 7, 2022 /PRNewswire/ -- According to a just-published report by SIMBA Information, the size of the K-12 instructional supplemental materials market was estimated at $3.8 billion in 2020 and forecast to increase to $4.6 billion in 2024. - That growth represents a CAGR of 5.3% over the four years, and a corresponding rise in the market share of supplemental materials from 43.9% of the total K-12 instructional materials market in 2020 to 45.7% in 2024.
- Other key issues covered in the report include a breakdown of the supplemental materials market by key subjects and geographies; what teachers look for when selecting supplemental materials, including a breakdown by subject, and a look at how, where and why teachers search for supplemental materials.
- An Appendix to the report provides sample guidance materials on how to choose supplemental materials from two sources: a State education agency and a school district.