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Exam Preparation And Tutoring Market Outlook Report 2024-2033 | Size, Trends, Analysis, Insights, Overview
Exam Preparation And Tutoring Market
As per the report, the exam preparation and tutoring market size has grown strongly in recent years. It will grow from $70.15 billion in 2023 to $74.19 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The exam preparation and tutoring market size is expected to see strong growth in the next few years. It will grow to $93.49 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%.
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Surging Demand For Distance-Learning Courses Fuels Exam Preparation And Tutoring Market
The increasing demand for distance-learning courses is expected to propel the growth of the exam preparation and tutoring market going forward. Distance-learning courses refer to educational courses that enable students to learn remotely from a location other than the educational institution, using technology to access course materials and communicate with instructors and peers. Online course students, like all other students, require ongoing tutor help in distance learning to keep them engaged and motivated. For instance, in January 2022, according to World Economic Forum, a Switzerland-based international non-governmental and lobbying organization, the number of new enrollments in Coursera's distance learning courses has tripled, reaching 71 million in 2020 and 92 million in 2021. Therefore, the increasing demand for distance-learning courses is driving the growth of the exam preparation and tutoring market.
Technological advancements are a key trend gaining popularity in the exam preparation and tutoring market. Companies operating in the exam preparation and tutoring market are introducing new technologies to develop innovative products to sustain their position in the market. For instance, in March 2022, Vedantu, an India-based tutoring platform specializing in academic tutoring services, launched the Whiteboard Audio Video Environment (W.A.V.E. 2.0), a technologically advanced online learning platform. The W.A.V.E. platform uses artificial intelligence and machine learning to measure over one hundred parameters in real-time, resulting in improved student engagement, teaching effectiveness, and learning outcomes. The technology provides accurate insights by utilizing face recognition, content analysis, whiteboard usage analysis, verbal interaction analysis, doubt analysis, tone analysis, sentiment analysis, and other advanced techniques. According to the company, the patented technology is anticipated to completely revolutionize the learning process and performance evaluation.
The exam preparation and tutoring market covered in this report is segmented -
1) By Tutoring Type: Structured Tutoring, On-demand Tutoring
2) By Tutoring Style: Test Preparation Service, Subject Tutoring Service
3) By Course Duration: Test Preparation Service, Subject Tutoring Service
4) By End-User: K-12 (Schools), Higher Education (College Or Universities), Corporate Or Professional Training
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Major companies operating in the exam preparation and tutoring market report are Pearson plc, TAL Education Group, McGraw Hill Education Inc., Cengage Learning Holdings II Inc., Kaplan Inc., Varsity Tutors, The Princeton Review, Sylvan Learning LLC, Chegg Inc., Blackboard Inc., Tutor Doctor International Inc., Catapult Learning LLC, Wyzant Inc., C2 Educational System Inc., Kumon North America Inc., TPR Education IP Holdings, Tutor.com Inc., Preply Inc., GradeStack Learning Pvt. Ltd., Barron's Educational Series Inc., Mathnasium LLC, TakeLessons, Ambow Education Holding Ltd., BenchPrep, Club Z! Tutoring Services, Skooli Inc., ArborBridge Inc., Manhattan Prep, Magoosh, Tutoring Club LLC, Houghton Mifflin Harcourt Publishing Company, Wiley Education Services
Contents of the report:
1. Executive Summary
2. Exam Preparation And Tutoring Market Report Structure
3. Exam Preparation And Tutoring Market Trends And Strategies
4. Exam Preparation And Tutoring Market - Macro Economic Scenario
5. Exam Preparation And Tutoring Market Size And Growth
…..
27. Exam Preparation And Tutoring Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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