Private Tutoring Market Size to Reach USD 391.5 Million by 2027 at a CAGR of 8.8% | Valuates Reports
BANGALORE, India, March 17, 2022 /PRNewswire/ -- The Global Private Tutoring Market is Segmented by Type (Online or E Tutoring, Teaching in Home Afterschool Cram School), by Application (4-12 Years Old, 13-21 Years Old): Opportunity Analysis and Industry Forecast, 2021–2027. It is published in Valuates Reports under the Education Category.
In 2021, the global Private Tutoring market size will be USD 236 Million and it is expected to reach USD 391.5 Million by the end of 2027, with a CAGR of 8.8% during 2021-2027.
Major factors driving the growth of the Private tutoring market are:
The continued demand for higher education and degrees is expected to drive the growth of the private tuition market. Students and families are turning to tutoring to help them stay competitive and get into sought-after schools and universities as the job market becomes more competitive.
Furthermore, online tutoring methods have seen a rapid rise in adoption due to benefits such as improved focus, convenience, and cost-effectiveness. Students can learn at their own pace with online tutoring.
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TRENDS INFLUENCING THE GROWTH OF PRIVATE TUTORING MARKET
Increased competition among students will increase the growth of the private tutoring market. Students with better grades who meet strict criteria, such as passing difficult entrance exams or English language exams, are accepted into top schools or universities. This has raised the stakes for students seeking admission to international schools or colleges. This is especially true for middle-class families who want to work in the service industry but don't have the necessary qualifications. Private tuition assists them in achieving their objectives and increases demand for private tuition as others try to keep up or get ahead of them.
In the Private Tutoring market, online tutoring is considered to be an emerging trend. As college students become more interested in technology-based learning, tutoring organizations with online subscriptions are becoming more popular. Presentations, 3D coloured diagrams, flashcards, and animations have all been used to help create subject-related content that keeps children focused. As a result, students' interest in the subject has grown during the learning process, resulting in an increase in demand for online tutoring. Additionally, online tutoring allows students to learn at their own pace while also saving money for parents. All of these factors are expected to bolster the private tutoring market.
Increased education spending by wealthy parents to support the growth of the private tutoring market. Because they can afford high-quality services, high-income families are more likely to spend more on their children's development.
Adult learning is also undergoing constant changes, as evidenced by increased participation and diversification in tertiary education, as well as a greater prevalence of obtaining education through distance learning. This trend is in turn is expected to drive the growth of the private tutoring market. Certification courses are in high demand due to increased employment opportunities in the high-tech, manufacturing, and medical sectors.
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PRIVATE TUTORING INDUSTRY ANALYSIS
Based on type, Online learning methods are expected to gain significant market share. Learners can use digital devices to access online learning, which includes online private tutoring services.
Based on application, the largest market share is held by the age group between 13-21 Years Old, followed by 4-12 Years Old.
Based on region, North America is expected to be the most lucrative during the forecast period. One of the most important private tutoring market trends in the United States is the growing emphasis on microlearning. Microlearning consists of small modules that are easy for learners to grasp in a short amount of time. Quizzes, games, and just-in-time content delivery in the form of video, audio, text, or infographics are all examples of microlearning.
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Leading Companies:
- Ambow Education
- New Oriental
- TAL Education
- Xueda Education
- American Tutor
- TutorZ
- com
- Eduboard
- Manhattan Review
- ITutorGroup
- MindLaunch
- MandarinRocks
- Web International English
- Kaplan
- Brighter Minds Tutoring
- EF Education First.
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