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Rising Number Of Students To Drive Market Growth: Strengthening the Growth Trajectory of the Private Tutoring Market
Private Tutoring Market
What Is the Expected CAGR for the Private Tutoring Market Through 2025?
In the past few years, there has been a marked increase in the size of the private tutoring market. Projections indicate that there will be a growth from $120.25 billion in 2024 to $130.91 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.9%. This progression in the historical period can be traced back to factors like academic stress, government strategies and funding, changes in parental approaches, expansion of the middle-class, a cultural focus on education, and the influence of urban living and hectic schedules.
What's the Projected Size of the Global Private Tutoring Market by 2029?
In the upcoming years, the private tutoring market is anticipated to experience substantial growth, expanding to $190.44 billion by 2029 with a cumulative annual growth rate (CAGR) of 9.8%. This growth during the forecasted period can be due to factors such as quick curriculum advancements, increasing need for additional education, the growth of homeschooling, an emphasis on personalized learning, international educational competition, and testing preparation services. Notable trends within this period include the advent of digital platforms, emphasis on smart-classes, strategic partnerships, and the integration of artificial intelligence within classes.
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Top Growth Drivers in the Private Tutoring Industry: What's Accelerating the Market?
The growth of the private tutoring market is forecasted to be fueled by the expanding student population. Private tutoring offers personalized educational assistance, examination readiness, particularized support for learning, coaching for activities outside the curriculum, guidance for college admissions, and enhances the confidence and self-esteem of students in competitive scenarios. As an illustration, in July 2022, Inside Higher Ed, a US publishing firm, reported that Harvard University granted admission to 1,954 students from a pool of 61,220 applicants, which equated to an acceptance rate of 3.19% for the year 2023. Additionally, Yale University accepted 2,234 applicants out of 50,015, signaling an admission rate of 4.47%. As a result, the growth of the private tutoring market is being propelled by the rising student population.
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What Trends Will Shape the Private Tutoring Market Through 2029 and Beyond?
One of the predominant trends gaining traction in the private tutoring sector is the advent of product innovations. Dominant enterprises in this sector are developing and presenting novel solutions to maintain their market presence. For example, Tutor.com, an online tutoring organization based in the US, introduced Learner Engagements Online (LEO), a tutoring platform aimed at institutions, in September 2022. This platform is engineered to conglomerate academic support services, scheduling utilities, and useful analytics for the benefit of students and institutions. LEO provides a range of adjustable support services including individual tutoring, drop-off writing, math recap, specialized subject tutoring among others. The aim of LEO is to provide unbiased access to its support services, tone down attrition and enhance pass and persistence rates. The platform lets students interact with tutors in real time or on an asynchronous mode and offers a range of support options. Key highlights of LEO include centralized scheduling tools, immediate alerts, institutional data analytics, a dedicated client portal, and an upcoming teacher dashboard. The features of this platform can be customized to meet the requirements of colleges, K-12 schools, libraries, and various other organizations.
What Are the Main Segments in the Private Tutoring Market?
The private tutoring market covered in this report is segmented -
1) By Type: Curriculum-Based Learning, Test Preparation
2) By Course Type: Academics, Arts, Sports, Other Types
3) By Mode: Offline, Online
4) By Application: Up-To-K-12, Post-K-12
5) By End User: Preschool And Primary Students, Middle School Students, High School Students, College Students
Subsegments:
1) By Curriculum-Based Learning: Subject-Specific Tutoring, Supplemental Academic Support, Personalized Learning Plans
2) By Test Preparation: Standardized Test Prep, Entrance Exams, Certification Or Professional Exam Preparation
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Which Top Companies are Driving Growth in the Private Tutoring Market?
Major companies operating in the private tutoring market include TAL Education Group Inc., Sylvan Learning LLC, Kaplan Inc., Chegg Inc., Tutor Doctor Management Services Inc., Wyzant Inc., Kumon Institute of Education Co Ltd., Daekyo Co Ltd., BYJU'S, Huntington Learning Center, Vedantu.com, Varsity Tutors LLC, Prodigy, Ambow Education Holding Ltd., StudyPoint Inc., Preply Inc., Khan Academy, Superprof, Revolution Prep LLC, Outschool Inc., Yup Technologies Inc., universitytutor.com, Schoolhouse.world, UPchieve Inc., ArborBridge, Spires Online Tutors, TutorMe LLC, Mathnasium LLC, Suprex Learning LLC, TutaPoint.com
Which Regions Will Dominate the Private Tutoring Market Through 2029?
Asia-Pacific was the largest region in the private tutoring market in 2024. The regions covered in the private tutoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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