The Exam Preparation And Tutoring Global Market Report 2023 by The Business Research Company, provides exam preparation and tutoring market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Exam Preparation And Tutoring Global Market Report 2023, the market size is expected to grow from the global exam preparation and tutoring market size is expected to grow from $66.12 billion in 2022 to $70.67 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The global exam preparation and tutoring market size is expected to reach $87.78 billion in 2027 at a CAGR of 5.6%.
The increasing demand for distance-learning courses is expected to propel the growth of the exam preparation and tutoring market going forward. Distance-learning courses refer to educational courses that enable students to learn remotely from a location other than the educational institution, using technology to access course materials and communicate with instructors and peers. Online course students, like all other students, require ongoing tutor help in distance learning to keep them engaged and motivated.
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The exam preparation and tutoring market is segmented:
1) By Tutoring Type: Structured Tutoring, On-demand Tutoring
2) By Tutoring Style: Test Preparation Service, Subject Tutoring Service
3) By Course Duration: Test Preparation Service, Subject Tutoring Service
4) By End-User: K-12 (Schools), Higher Education (College Or Universities), Corporate Or Professional Training
Technological advancements are a key trend gaining popularity in the exam preparation and tutoring market. Companies operating in the exam preparation and tutoring market are introducing new technologies to develop innovative products to sustain their position in the market. For instance, in March 2022, Vedantu, an India-based tutoring platform specializing in academic tutoring services, launched the Whiteboard Audio Video Environment (W.A.V.E. 2.0), a technologically advanced online learning platform. The W.A.V.E. platform uses artificial intelligence and machine learning to measure over one hundred parameters in real-time, resulting in improved student engagement, teaching effectiveness, and learning outcomes. The technology provides accurate insights by utilizing face recognition, content analysis, whiteboard usage analysis, verbal interaction analysis, doubt analysis, tone analysis, sentiment analysis, and other advanced techniques. According to the company, the patented technology is anticipated to completely revolutionize the learning process and performance evaluation.
The exam preparation and tutoring market report table of contents includes:
1. Executive Summary
2. Exam Preparation And Tutoring Market Characteristics
3. Exam Preparation And Tutoring Market Trends And Strategies
4. Exam Preparation And Tutoring Market – Macro Economic Scenario
5. Exam Preparation And Tutoring Market Size And Growth
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26. Africa Exam Preparation And Tutoring Market
27. Exam Preparation And Tutoring Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Exam Preparation And Tutoring Market
29. Exam Preparation And Tutoring Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Chegg Inc
- Tutor.com Inc
- Wyzant Inc
- Ambow Education Holding Ltd
- TakeLessons
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