Private Tutoring Market size to grow by USD 109.14 billion between 2023 – 2028- Technavio
C2 Educational System Inc., Chegg Inc., Club Z Inc., and MORE to emerge as key market players - Technavio
New York, NY (PRUnderground) November 21st, 2023
The Private Tutoring Market size is expected to increase by USD 109.14 billion, accelerating at a CAGR of 10.58% from 2023 to 2028, according to Technavio. Some of the major companies of the private tutoring market include C2 Educational System Inc., Chegg Inc., Club Z Inc., Coursera Inc., Daekyo Co. Ltd., Educomp Solutions Ltd., Etutorworld Corp., Fleet Education Services Ltd., Huntington Mark LLC, JEI Learning Centers LLC, Kesson Group Inc., Kumon North America Inc., Learn To Be, Mathnasium LLC, Pearson Plc, Preply Inc., Revolution Prep LLC, Sylvan Learning LLC, TPR Education LLC, and TutorMe LLC. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 25 companies operating in the market. To leverage the current opportunities, market companies must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports on the private tutoring market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
The rising popularity of personalized learning is notably driving market growth. The increase in educational institutions has shifted from traditional exam-oriented methods to interactive, practical approaches, notably due to the increasing global prominence of STEM education. Providers of private tutoring services are embracing learner-centered strategies, emphasizing engagement, self-paced learning, and content quality. Companies like Club Z! Tutoring and Pearson offer customized online and blended tutoring services, tailoring course content and duration based on individual capabilities. Leveraging data analytics, these companies can adapt to students’ learning patterns, monitor engagement, and evaluate progress through periodic assessments. Hence, the rising preference for personalized learning is anticipated to sustain the growth of the private tutoring market during the forecast period. Technavio offers in-depth market insights that assist global businesses in obtaining growth opportunities. Buy the full Report
Private Tutoring Market 2024-2028: Segmentation
- Curriculum-based Learning
- Test Preparation
- North America
- South America
- Middle East And Africa
There will be a notable market share expansion in the curriculum-based learning segment during the forecast period. This segment covers private tutoring services focused on standard academic subjects like STEM, arts, and foreign languages. The increasing significance of STEM courses in education has notably boosted the growth of this segment in a few years.
Detail Insights on impact of each segment and make informed business decisions, download the sample report
The report also covers the following areas:
- Private Tutoring Market size
- Private Tutoring Market trends
- Private Tutoring Market industry analysis
Market trends such as increasing emphasis on microlearning is likely to emerge as one of the primary drivers of the market. However, factors such as the availability of open-source materials may threaten the growth of the market.
Private Tutoring Market 2024 – 2028: Market Dynamics
Leading trends influencing the market
The increasing use of mobile applications and connected devices within private tutoring significantly influences market growth. Education technology’s swift progress has led to the widespread adoption of cutting-edge tools like mobile apps and wearables in the US private tutoring sector. Companies are progressively integrating inventive teaching aids, such as mobile apps and connected devices, to enrich students’ learning journeys. Various apps offer reading support through text-to-speech and speech-to-text features, while tutors incorporate suitable mobile apps into live online sessions for learning activities and exercises.
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Private Tutoring Market 2024-2028: Key Highlights
- CAGR of the market during the forecast period 2024-2028
- Detailed information on factors that will assist private tutoring market growth during the next five years
- Estimation of the private tutoring market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the private tutoring market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of private tutoring market vendors
Download now to uncover successful business strategies deployed by Companies of private tutoring market – Download Latest Free Sample Report in Minutes
Online Tutoring Market: The global online tutoring market size is estimated to grow at a CAGR of 15.38% between 2022 and 2027. The size of the market is forecast to increase by USD 196.35 billion.
K-12 Online Tutoring Market: The K-12 online tutoring market is estimated to grow at a CAGR of 12.34% between 2022 and 2027. The size of the market is forecast to increase by USD 97.66 billion.
- Executive Summary
- Market Landscape
- Market Sizing
- Historic Market Size
- Five Forces Analysis
- Market Segmentation by Type
- Market Segmentation by Method
- Customer Landscape
- Geographic Landscape
- Drivers, Challenges, and Trends
- Company Landscape
- Company Analysis
About Technavio Research
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.