Competitive Landscape- Identifying Major Players in the Private Tutoring Sector
NEW YORK, NY, December 14, 2023 /24-7PressRelease/ — The Private Tutoring Market is projected to witness substantial growth, reaching a value of USD 109.14 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 10.58% from 2023 to 2028, as indicated by Technavio. The driving force behind this expansion is the increasing demand for personalized learning experiences. Educational institutions are transitioning from conventional exam-focused methodologies to more interactive and practical approaches, particularly with the growing global emphasis on STEM education. Private tutoring service providers like Club Z! Tutoring and Pearson are adapting to this shift by adopting learner-centric strategies that prioritize engagement, self-paced learning, and high-quality content.
These companies are leveraging data analytics to tailor their services to individual students’ capabilities, monitoring learning patterns, engagement levels, and assessing progress through periodic evaluations. The trend towards personalized learning is expected to fuel the growth of the private tutoring market throughout the forecast period. Technavio’s comprehensive market insights are designed to assist global businesses in identifying and seizing growth opportunities.
Private Tutoring Market Segmentation 2024-2028:
Middle East And Africa
The curriculum-based learning segment is anticipated to witness significant market share expansion during the forecast period. This segment focuses on private tutoring services covering standard academic subjects such as STEM, arts, and foreign languages. The growing importance of STEM courses in education has particularly propelled the growth of this segment in recent years.
Company Analysis and Scope:
Major companies in 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. Technavio’s report provides a detailed analysis of approximately 25 companies operating in the market, offering insights for businesses to enhance their market position.
Market Dynamics 2024-2028:
Market trends, such as the increasing emphasis on microlearning, are expected to drive market growth. However, challenges like the availability of open-source materials may pose threats to the market’s expansion.
CAGR of the market during 2024-2028
Factors contributing to private tutoring market growth in the next five years
Estimation of market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
Competitive landscape analysis and vendor information
Factors challenging the growth of private tutoring market vendors
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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.
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Historic Market Size
5. Five Forces Analysis
6. Market Segmentation by Type
7. Market Segmentation by Method
8. Customer Landscape
9. Geographic Landscape
10. Drivers, Challenges, and Trends
11. Company Landscape
12. Company Analysis
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.
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