Having attended private tutoring centers as a child and worked at them throughout high school and college, Ph.D. candidate Edward Kim was surprised that such an integral part of his own upbringing had not been heavily studied. The global private tutoring market size was USD 92.59 billion in 2020. What Is SEO Positioning, And Why Should You Start Using It? Despite this, thousands of privately operated service providers are flourishing across the US, with an annual expansion rate of 7.9% through 2023. Xi Jinping's government also revealed strict new rules governing how non-profit . Online tutoring's significant benefits were reported by surveyed students, parents, and tutors, which included flexible lesson scheduling, searchable lesson recordings, and a more relaxed and focused atmosphere. Assist secondary and post-secondary students with English curriculum, which include literature, grammar, essays, and examination preparation. Get up to speed on any industry with comprehensive intelligence that is easy to read. Major factors influencing growth in the market include growing proportion of household income on education; rapid evolution of shadow education curriculum to keep up with formal education; rise of online tutoring supported by the increase in internet penetration, easy access to high-speed internet due to falling mobile data tariffs, and growing smartphone and tablet sales; and importance placed by society and parents on scholastic achievement and educational budget cuts by deficit laden governments that reduce funding for public schools and education systems. The test preparation market is expected to grow at a rate of 7.5% annually from 2019 to 2027. A growing number of schools are investing in e-learning tools and technologies to enhance their teaching experience. Mailgun vs Sendgrid: Which one is better?
However, the remaining one-third of students continued to access education through online services. With the tutoring industry expected to grow at a rate of 6.8% annually from 2019 to 2027, now is a great time to start a tutoring business. Individual tutors provide 61.4% of services, charging around $30-$60 per hour, catering to affluent households and students needing academic help. The report offers an. From personalized learning to virtual tutors, AI is transforming education in numerous ways. The private tutoring market in the US is set to grow by USD 8.37 billion, progressing at a CAGR of almost 8% during 2021-2025. Private tutoring is a widespread phenomenon across China In February 2021, a survey conducted among 4,000 parents has revealed that 92% enroll their children in extracurricular classes. Over 25% of students in grades K-12 in the US have previously utilized a tutors services. The tutor spends a few hours on a daily, weekly, or monthly basis to transfer their expertise on the topic or skill to the student (also called a tutee). The tutoring industry will further utilize technology in the future, with online tutoring becoming more popular and widespread. Asia-Pacific will grow led by factors such as growing importance of education especially in developing economies which offer attractive opportunities for skilled labor, increasing desire among students to gain admission into prestigious universities, increased spending on private tutoring among the expanding base of educated and affluent middle class population, skilled labor migration into developing economies and the resulting increase in competition in the education and labor markets. The market research report provides a detailed analysis of the market and focuses on key aspects such as competitive landscape, subjects, application, and mode. New York, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Private Tutoring Industry" - https://www.reportlinker.com/p0552740/?utm_source=GNW 4% over the analysis period 2020 through 2027. Therefore, the online mode of learning is further likely to gain popularity in the analysis period post-pandemic. This statistic is a testament to the immense size and scope of the US tutoring industry. The global tutoring industry is a rapidly growing sector, with the market value estimated to reach $286.62 billion by 2027 and online services projected to grow at a CAGR of 15.7% between 2021 and 2028. More than 10% of college students avail of these services, while individualized instruction constitutes over 30% of the services. Finding the Best Free Online Meeting Software. In May 2020, the press release of Yonhap News Agency reported an annual survey conducted by the National Statistics Korea and the Ministry of Gender Equality and Family. This statistic is a testament to the immense size of the K-12 private tutoring market in the US, highlighting the fact that it is a major player in the US tutoring industry.
This statistic is a testament to the growing popularity of individualized instruction in the US tutoring and test preparation services market. Increasing penetration of private tutoring firms in the European market is likely to support market growth. Myth #4: Tutoring Takes Too Much Time. This article will explore the current state of the tutoring industry, as well as market statistics and predictions that business owners should know. It shows that the industry is expected to grow significantly, with a CAGR of 6.30%, and reach a value of US$ 1,840.25 million by 2026. A new phenomenon has recently emerged. Japan is not alone in supporting a large and vibrant private tutoring industry. Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld. It shows that a significant portion of students in the K-12 system have already taken advantage of the help that tutors can provide. Virtual Private Tutoring Gets the Much Awaited Boost. The most common subjects that tutors teach are: English, Math, Science, and Test Preparation. Dots Learning Centre conducts classes for students who cannot cope up with the school schedule. Students can avail tutoring for a wide range of subjects including mathematics, calculus, French, Latin, physics, chemistry, and history, among others, from certified teachers/tutors. The K-12 private tutoring market in the US reached $2.2 billion in revenue in 2019. Online Tutoring Market industry analysis Market trends such as the use of apps and wearables for online tutoring are likely to emerge as one of the primary drivers of the market. For instance, as per Bramble survey results published in July 2020, about 84% of surveyed students reported that online tutoring was more effective or as effective as tutoring in person. Although tutoring may seem difficult to work into your child's busy after-school schedule, it can end up helping a lot to organize and manage your child's time. 2020 Fortune Business Insights . Job Description. Technology has helped create subject-related content innovatively with presentations, 3D colored diagrams, flashcards, and animations that can keep children more focused. We know where we will be getting business intelligence from in the future., Thank you for sending the market report and data. Besides this, it offers insights into the market trends and highlights key industry developments. Up to K-12 Segment Would Hold Highest Share Owing to Increased Parental Pressures on School Children. The average tutoring session lasts for 1.5 hours. Singapore $112 is accounted for private tuition and other educational services. NEW YORK, April 7, 2021 /PRNewswire/ -- The private tutoring market in the US is set to grow by USD 8.37 billion, progressing at a CAGR of almost 8% during 2021-2025. We use cookies to enhance your experience. Therefore, such factors are likely to limit the penetration of after-school tutoring services. Industry Activities IBISWorld Industry Reports enable you to: Discover key local industry trends Our newsletter is packed with essential tactics and tools used by innovative leaders to drive growth. The global private tutoring market size was USD 92.59 billion in 2020 and is projected to grow from USD 98.15 billion in 2021 to USD 171.93 billion in 2028 at a CAGR of 8.3% in the 2021-2028 period. This trend is likely to continue in the future, making individualized instruction an increasingly important part of the tutoring and test preparation services market. Suppliers: Apple relies on a global network of suppliers for the procurement of components and materials.
For instance, as per the report, PARENT POWER 2018 published in September 2018 by The Sutton Trust, the percentage of parents sending their child for coaching is greater among the upper-middle-class group as compared to the working-class group. But the boom could now be heading toward a bust, as malpractice in the industry continues to attract heightened security from authorities. This is followed by online tutoring (19%), test preparation (9.6%), and academic tutoring (8.2%). To know how our report can help streamline your business, Speak to Analyst, Online Channel Would Exhibit Fastest Growth due to its Greater Convenience. The global online tutoring service market size was valued at USD 7.69 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 14.9% from 2023 to 2030.The rapid adoption of smartphones is one of the significant factors driving the adoption of online tutoring services worldwide as it enables learning to take place irre. INTRODUCTION, METHODOLOGY & REPORT SCOPE I-1 II. This statistic is a testament to the immense size and scope of the US tutoring industry. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. At what CAGR is the private tutoring market projected to grow in the forecast period (2021-2028)? Fees of private tutors are on the higher side, which is often not affordable to lower-income families. How much is the private tutoring market worth? Similarly, increased awareness regarding education and rising spending of parents on academics in countries such as Brazil and Chile would increase the need for external tutoring in South America, fueling the market growth. Which region held the highest share in the market? Approximately 74% of US families with an income of over $100,000 have used tutoring services. This inequality can have a lasting impact on the educational outcomes of students from lower socio-economic backgrounds, and it is important to recognize this in order to ensure that all students have access to the same educational opportunities. As per the same source, the average monthly household expenditure on educational services increased from Singapore$235 in 2007/2008 to Singapore$339 in 2017/2018. The global impact of COVID-19 has been unprecedented and staggering, with private tutors witnessing a negative demand shock across all regions amid the pandemic. The tutoring industry is expected to reach $9.3 billion by 2025. "Assisting You in Establishing Data Driven Brands", Region : Global | Format: PDF | Report ID: FBI104753. EXECUTIVE SUMMARY II-1 1. Moreover, a rising number of middle-class families would further support the market growth in the Asia Pacific. Chegg, Ambow, and TAL Education are a few major players in the global market. There are 2.5 million tutors worldwide, with the majority of them being based in Asia (1.5 million). The key segments of the industry are as follows Test preparation and Tutoring What External Factors Affect the Tutoring Industry? These include: The tutoring industry is currently growing rapidly, with entrepreneurs seeing potential in the market. Asia Pacific Private Tutoring Market Size, 2020 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample. Despite the cost, academic support through professional tutoring is increasingly sought after, suggesting demand will rise further, possibly widening socio-economic gaps. Who are the major players in this market? Therefore, increased awareness regarding education and rising spending of parents are likely to propel market growth. MySQL vs SQL Server: Which one is better? By continuing to visit this site you agree to our use of cookies .
The rise in CAGR is attributable to this markets demand and growth, returning to pre-pandemic levels once the pandemic is over. This statistic is a valuable insight into the tutoring industry and its impact on the US education system. For instance, as per the study report, Parents Perspectives on Paid Private Tutoring in the United Arab Emirates published in June 2018 by the Regional Center for Educational Planning of UAE, Mathematics was the subject in which most students took out-of-school lessons (83%), followed by science (58%), English (50%), and Arabic (44%). The cornerstone for growth in the market is the high unmet student needs especially in developing countries and; growing perception of education as an investment in human capital with payoffs in the form of well-paying jobs, higher remuneration, improved social standing and success in personal and professional life. The industry as a whole was worth over $5.6 billion in 2020, according to one study by Grand View Research. The offline mode is likely to hold a major share as home tutoring; group tutoring or classroom tutoring has gained popularity over the years.