COVID-19 Impact- Global Private Tutoring Market is expected to Grow at CAGR 7.1% by 2027 owing to Increasing Demand for Personal Attention to Students in Addition to Schooling along with Growing Investments by Ed-Techs, says Absolute Markets Insights
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The rising involvement of individuals in freelance tutoring coupled with adoption of online private tutoring among both teachers and students is also expected to drive the growth of the private tutoring market in the future years. According to a study, 84% of the private tutors across England were self-employed, which enabled ease of access of private tuitions for students. Online tutoring platforms are gaining traction globally. The rapid penetration of internet connectivity across developing countries is also aiding the segment’s growth in the global market. This format of private tutoring aids to overcome the barrier of distance and enable students to obtain assistance from experienced teachers from any part of the globe.
The escalated need for specialised education among school students is contributing towards the growth of the global private tutoring market.
The outbreak of the corona virus across the globe has positively impacted the private tutoring market. According to UNESCO, the nationwide lockdown imposed by government authorities across nations to combat the spread of the virus, has led to temporary closure of school across 29 countries, thereby, disrupting the education structure and system for almost 391.5 Mn children and youth, globally. This has accelerated the demand for home schooling across the countries, thereby contributing to the growth of the global private tutoring market. For instance, Tutors International, a United Kingdom based private tuition service provider, in July 2020, recorded an increase in demand of full-time home-schooling, owing to the rising concerns among parents about the long-term impact of the pandemic on traditional education systems.
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Increasing initiatives by ed-tech companies to capture the online private tutoring market is also expected to drive the growth of the market over the forecast period. For instance, BYJU’S, a Bangalore based ed-tech company, raised USD 500 Million in its new round of funding from Silver Lake in September 2020. The company’s parent, Think and Learn also announced the acquisition of WhiteHat Jr, an online coding training platform for children, for USD 300 million in the same duration, to supplement their strategic expansion initiative in the country. Thus, the rising investment by online private tutoring companies to strengthen their market share is expected to enhance the growth of the private tutoring market across the globe over the forecast period.
The detailed research study provides qualitative and quantitative analysis of the global private tutoring market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Global Private Tutoring Market:
• By Type
• By End User
• Preschool Children
• Primary School Student
• Middle School Student
• High School Student
• College Student
• By Region
• North America
• Asia Pacific
• Middle East and Africa
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