Press release
Surging Academic Competition Fuels Exam Preparation And Tutoring Market: An Emerging Driver Transforming The Exam Preparation And Tutoring Market Landscape
Exam Preparation And Tutoring
What Is the Exam Preparation And Tutoring Market Size and Projected Growth Rate?
The industry for exam preparation and tutoring has demonstrated a robust growth pattern in recent periods. The market size is predicted to escalate from a size of $68.08 billion in 2024 to about $72.09 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.9%. The significant expansion during the historical timeframe is linked to a number of contributing factors including trends in the education system, the weight of high-stakes exams, parental ambitions and participation, fierce competition in college admissions, as well as the global demand and competency in language skills.
The market size for exam preparation and tutoring is predicted to exhibit robust expansion in the ensuing years. By 2029, it is set to escalate to the worth of $88.81 billion, with a compound annual growth rate (CAGR) of 5.4%. Factors contributing to the growth during the forecast period are the rising trend of remote and online education, focus on skills-based learning, evolving test formats, governmental schemes, and educational policies, together with the surge of continuous education. In the forecast span, main trends include the adoption of adaptive learning technologies, advancements in the field of education technology, custom learning platforms, the introduction of gamification in learning, and cooperative learning platforms.
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What Are the Major Segments in the Exam Preparation And Tutoring Market?
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
Subsegments:
1) By Structured Tutoring: One-On-One Tutoring Sessions, Group Tutoring Classes, Curriculum-Based Programs
2) By On-Demand Tutoring: Online Tutoring Platforms, Mobile App-Based Tutoring, Instant Tutoring Services
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What Are The Driving Exam Preparation And Tutoring Market Evolution?
The surge in academic competition is projected to fuel the expansion of the exam preparation and tutoring market in the future. The rising educational standards and the fierce competition for limited college admission and scholarship slots are escalating pressure on students to achieve academic excellence. This competitive landscape encourages students and parents to find extra assistance through tutoring services that can boost academic achievement and improve test results. For instance, Data Science for Everyone, an organization promoting data science education, reported that the number of students participating in the AP Data Science Challenge - a contest designed for high school students to acquire vital data science skills early - jumped from 2,500 in 2023 to 9,000 in 2024. Hence, the escalating academic competition is propelling the growth of the exam preparation and tutoring market.
Which Firms Dominate The Exam Preparation And Tutoring Market Segments?
Major companies operating in the exam preparation and tutoring market include 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., 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
What Trends Are Driving Growth in The Exam Preparation And Tutoring Market?
The progress in technology is becoming a significant trend seen in the exam preparation and tutoring sector. Firms active in this market are using the latest technology to produce innovative offerings and maintain their market standing. For instance, Vedantu, an Indian tutoring firm known for academic tutoring, unveiled the technologically sophisticated online learning platform, W.A.V.E 2.0, in March 2022. The W.A.V.E. platform incorporates artificial intelligence and machine learning to track more than a hundred parameters in real-time, which enhances student involvement, the quality of teaching, and learning results. This technology gives precise insights using face detection, content breakdown, whiteboard usage breakdown, verbal communication breakdown, doubt breakdown, tone breakdown, sentiment breakdown, and other cutting-edge methods. Based on Vedantu's statements, the proprietary technology is expected to radically transform the learning process and performance assessment.
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Which Is The Largest Region In The Exam Preparation And Tutoring Market?
North America was the largest region in the exam preparation and tutoring market in 2024. Asia-Pacific is expected to be the global exam preparation and tutoring market report fastest-growing region in the forecast period. The regions covered in the exam preparation and tutoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Exam Preparation And Tutoring Market?
2. What is the CAGR expected in the Exam Preparation And Tutoring Market?
3. What Are the Key Innovations Transforming the Exam Preparation And Tutoring Industry?
4. Which Region Is Leading the Exam Preparation And Tutoring Market?
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