Growing awareness of literacy and the value of education has significantly aided the expansion of the overall education industry as well as connected businesses. Subjects such as mathematics and physics are valued more highly since they help a child develop a career. A typical student, on the other hand, finds it difficult to understand subjects in school and need additional tutoring to grasp the concepts and pass the exam. These factors have boosted global demand for private tutoring or shadow education services that can deliver individualised learning.
Private Tutoring Market Report Scope and Research Methodology
The study examines the most important Private Tutoring market trends and how they will affect new business investments and industry development. Market trends influence new technology, new rules, government investment, new uses, foreign entry, and other industry dynamics. This research contains a detailed trend analysis to help clients make decisions about expanding their presence in the Private Tutoring market.
The Private Tutoring Market Research offers unique important statistics, facts, information, trends, and competitive landscape insights in the specific industry. The current state of the Private Tutoring The market is examined, and the market is projected through 2029. The report is likely to include company profiles, capacity, production, price, cost, revenue, and contact information for the world’s major manufacturers of Private Tutoring market share.
Private Tutoring Market overview:
According to market research, the entire Private Tutoring Market is predicted to rise rapidly. The study discusses the Private Tutoring market’s growth drivers, main restraints, emerging difficulties, and current opportunities. The research includes a region- and segment-specific analysis of the dynamics and Private Tutoring market size.
Private Tutoring Market Size was valued at USD 100.49 billion in 2021. Global Private Tutoring Market size is estimated to grow at a CAGR of 8.4 % over the forecast period.
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Private Tutoring Market Regional Insights:
The report includes a detailed analysis of all the regions and their countries mentioned below:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.
Private Tutoring Market Segmentation:
Because of its enhanced convenience, the online channel would grow the fastest. The market is segmented using both online and offline methods. Although group or classroom tutoring has gained in popularity in recent years, the offline technique is likely to account for the majority of home tutoring. A tutor can directly observe a student’s development or areas of weakness and provide additional attention or better responses as needed. Because technology allows both professors and students to provide and receive education from anywhere in the world, the preference for online learning has shifted.
Over 84% of students indicated that online tutoring was either more effective or equally successful as in-person tutoring. Students, parents, and tutors who took part in a study reported significant benefits of online tutoring, such as flexible class scheduling, searchable lesson recordings, and a more peaceful and concentrated environment. Because tutors now upload their recordings online, it is much easier to locate them afterwards for studying or reviewing the topic.
There are numerous market divisions for academic and non-academic subjects. As more students seek extra tutoring for difficult courses or to score well on tests in high-scoring areas, the academic subjects segment’s market share is likely to expand dramatically. Mathematics was reported to be the most often privately tutored topic, with 66% of questioned students (about two-thirds) obtaining private instruction, followed by physics with 43%. Non-academic courses, such as acquiring a second language or areas related to the arts, are becoming increasingly popular. This is due to an increase in parents desire to engage their children.
Private Tutoring Market Key Players include:
Chegg, Inc. (Santa Clara, U.S.)
Mathnasium LLC (Los Angeles, U.S.)
Ambow Education Holding Ltd. (Beijing, China)
TAL Education Group (Beijing, China)
Mathnasium LLC (Los Angeles, U.S.)
Educomp Solutions Ltd. (Gurgaon, India)
Sylvan Learning, LLC (Baltimore, U.S.)
Daekyo Co., Ltd. (Seoul, South Korea)
Kumon Institute of Education Co., Ltd. (Tokyo, Japan)
Kaplan Inc. (New York, U.S.)
Key Questions answered in the Private Tutoring Market Report are:
- What is Private Tutoring Market?
- What is the expected CAGR of the Private Tutoring market during the forecast period?
- What is the expected Private Tutoring market size by 2029?
- What factors are affecting the Private Tutoring market growth?
- Which region held the largest share of the Private Tutoring market?
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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