According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Private Tutoring markets. Global market for Private Tutoring is forecast to reach US$123.8 billion by 2020, buoyed by growing desire for academic excellence, increasing competition for admission into academic institutions, and shortage of teaching staff in schools and colleges.
Private tutoring is one of the most widely adopted learning methodologies with the aim of enhancing a student’s overall academic performance. Growth in the industry is primarily attributed to the inability of the standard education system to address the unique needs of each student. Adoption of private tutoring services is largely encouraged by the increasing number of nuclear households and dual income families where parents find little time to assist children with their school work. Major factors influencing the decision to seek tutoring services include the need to assist children in keeping pace with classroom teaching activities, improve overall grades, and enhance knowledge and skill levels of children.
Demand for Online Tutoring is increasing due to the convenience and multi-utility features of the medium. Despite the sustained demand for in-person private tutoring, steady rise in popularity of online tutoring is ascribed to the increasing number of children well conversant with the Internet. Also, widespread use of smartphones and tablet phones among students has enabled easy access to web-based training programs. eLearning companies are currently focusing on developing service solutions for the mobile market.
As stated by the new market research report on Private Tutoring, Asia-Pacific represents the largest and the fastest growing market worldwide. The region is projected to post a CAGR of 10.7% over the analysis period, with demand driven by factors such as increasing household wealth, enhanced emphasis on education and rising standards of living. The market is also driven by increasing number of student enrollments at private institutions to perform well at competitive entrance examinations for admission into leading universities and colleges. In several Asian countries, specifically Japan, South Korea, and China, demand for high-end tutoring has been increasing over the past few years. In the United States, while large firms are widely popular, smaller companies account for a major share of the overall tutoring revenues. The industry witnessed the influx of numerous players following the enactment of the NCLB legislation. Increase in number of immigrants also offers potential opportunities for bilingual tutors, specifically for English and Spanish language.
Major players covered in the report include A Plus-All Subjects Tutoring Inc., Building Educated Leaders For Life, Club Z! Tutoring Services, Educomp Solutions Ltd., Fleet Tutors, Huntington Learning Centers Inc., JEI Corporation, JEI Learning Centers, Kaplan Inc., Kids ‘R’ Kids International Inc., Kumon, Learn It Systems, LearningRx, Mathnasium LLC, Megastudy Co. Ltd., Rocket Learning Inc., Sylvan Learning Inc., The Princeton Review Inc., Tutor Doctor, Tutor.com Inc., TutorVista Global Pvt. Ltd., and Woongjin Thinkbig Co Ltd., among others.
The research report titled “Private Tutoring: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, issues, challenges, and strategic industry activities of major global and regional players. The report provides market estimates and projections for all major geographic markets, such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Greece and Rest of Europe), Asia-Pacific (China, India, South Korea and Rest of Asia-Pacific) and Rest of World markets.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
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