Private Tutoring Market Size to grow by USD 25711.5 million between 2024-2028
According to a research report “ Private Tutoring Market” by Type (Curriculum-based learning, Test preparation) Learning Method (Online, Blended, Classroom-based) Geography (North America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 25711.5 million, at a CAGR of 10.87% during the forecast period. The integration of STEM (Science, Technology, Engineering, and Mathematics) education into schools and higher learning institutions in the US is significantly fueling the expansion of the private tutoring market. STEM education merges these core disciplines into a cohesive learning model through practical, application-based methods. This educational approach is gaining popularity due to the burgeoning employment opportunities in industries related to science and technology. According to the US Department of Commerce, STEM employment is projected to increase at a much faster rate than non-STEM employment during the forecast period. Consequently, the demand for private tutoring services, particularly in STEM subjects, is on the rise.
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By Type, the Curriculum-based learning segment is projected to dominate the market size in 2024
As a seasoned virtual assistant, I am pleased to provide insights into the private tutoring market's current landscape. This sector experiences significant growth due to the increasing demand for personalized education. Leveraging advanced technology, virtual tutoring services offer flexibility, affordability, and accessibility to learners worldwide. By partnering with experienced educators, these platforms ensure high-quality instruction and customized learning plans. The future of private tutoring is bright, with continued innovation and expansion expected.
By Learning Method, Online segment is expected to hold the largest market size for the year 2024
As a seasoned virtual assistant, I'm pleased to provide insights into the private tutoring market's current business landscape. This sector experiences robust growth, driven by the increasing demand for personalized learning solutions. Parents and students seek customized instruction, enabling academic success and skill development. Utilizing advanced technology, virtual tutoring platforms offer flexibility and convenience, making education more accessible than ever. This market trend underscores the importance of agile businesses that cater to individual needs and deliver high-quality instruction.
North America is forecasted to hold the largest market size by region in 2024
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The Private Tutoring Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The tutoring market has seen a significant surge in demand due to the increasing emphasis on personalized learning and competitive examinations. Coaching courses, mentorships, Deeksha classes, subject tutoring services, and test preparation services are some of the popular offerings in this space. With the advent of education technology, long-term and short-term courses in academic subjects like Sciences, Mathematics, and non-academic subjects like literacy are now available through platforms like Fullstack Academy, Caltech University, UpGrad, and more. Microlearning, a technology-based learning approach, has gained popularity in the tutoring market. It offers students access to subject-related content through animations, flashcards, 3D colored diagrams, presentations, and online subscriptions. Students can now prepare for competitive examinations and enhance their knowledge in various subjects, post-K-12, through technology-driven tutoring. Moreover, education technology providers offer annual services, providing students with uninterrupted access to tutoring and learning resources. These services cater to a wide range of subjects and cater to both academic and non-academic needs. Overall, the tutoring market is evolving rapidly, providing students with flexible, personalized, and technology-driven learning solutions.
Market Research Overview
The private tutoring market has witnessed significant growth in recent years, with various allied industries such as coaching courses, mentorships, Deeksha Classes, subject tutoring services, and test preparation services contributing to its expansion. According to the Bramble survey, the online mode of private tutoring has gained popularity, with over 50% of students opting for it. This shift is driven by the convenience and flexibility offered by technology-based learning, which includes animations, flashcards, 3D colored diagrams, presentations, and subject-related content. The median household income of billionaires and wealthy parents continues to fuel the demand for private tutoring, with academic ranks and competitive examinations being the primary focus. However, private tutoring is not limited to academic subjects; nonacademic subjects like arts, music, and languages also see significant demand. The tutoring market offers various teaching methods, with private tutors catering to individual needs. The interest rates for savings accounts in online banks may seem attractive, but the dollar amount spent on monthly bills and expenses, including private tuition, can add up quickly. Accidental overdrafts can further increase the financial burden. Private tuition is not limited to post-K-12 education. Career development and test preparation services for competitive examinations in sciences, mathematics, literacy, and other subjects are also popular. Longterm and short-term courses are available, with institutions like Fullstack Academy, Caltech University, UpGrad, and Cambridge Assessment offering comprehensive programs. Private schools and public school-based education continue to be debated, with parents investing in private tuition to ensure their children's academic success. The teaching methods used by private tutors, whether online or offline, can significantly impact a student's learning experience. The Sutton Trust reports that students who receive private tuition make greater academic progress than their peers. However, shadow education and private tuition can also lead to ethical concerns and widening educational disparities. In conclusion, the private tutoring market offers various services and teaching methods to cater to individual learning needs. While it can be an effective tool for academic success, it also raises ethical concerns and financial implications that need to be addressed.
Contacts
Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
