Essentials Magazine Essentials Summer 2014 | Page 25

K-12 MARKET PROJECTIONS MARKET SIZE BY SUBJECT Looking at the market by curriculum area yields the following estimates of spending by subject. Table 2.3 | K-12 Market Estimates By Subject, 2013-14 SY (Excluding technology sales) ($ in millions) Subject Est. % of Total Text Mkt. Size Supp. Mkt. Size Total Reading 27% $1,010 $1,770 $2,780 Language Arts 13% $486 $839 $1,325 Mathematics 25% $935 $1,625 $2,560 Science 11% $411 $689 $1,100 Social Studies 9% $337 $625 $962 All Other 15% $560 $980 $1,540 Total 100% $3,739 $6,528 $10,267 MARKET SIZE AND PROJECTIONS THROUGH 2016-17 Applying the projected increases in 2013-14, which averaged 8.0 percent, to the next three school years yields the following forecasts by market segment through 2016-17. Table 2.4 | Total K-12 Market Size: Projections Through 2016-17($ in millions) Market Segment 13-14 Est. 14-15 Est. 15-16 Est. 16-17 Est. Avg Inc. Technology Products: Hardware, Software, Internet 10,712 11,890 13,19 14,650 11.0% Instructional Materials: Textbooks 3,739 3,814 3,890 3,968 2.0% Instructional Materials: Supplements 2,646 2,778 2,917 3,063 5.0% Other: Trade Books, Book Clubs & Fairs, Periodicals, Tests 3,8