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Growing awareness of literacy and the value of education has significantly aided the growth of the entire education sector as well as related businesses. Subjects such as mathematics and science are valued more highly because they help a child develop a career. A typical student, on the other hand, finds it difficult to master courses in school and requires additional coaching to grasp the concepts and pass the exam. These factors have increased global demand for private tutoring or shadow education services that can provide individualized learning.
Private Tutoring Market Report Scope and Research Methodology:
The key objective of the report is to provide a comprehensive assessment of the Private Tutoring market, including major leading stakeholders in the Private Tutoring industry. The assessment clearly shows the forecasted market size and trends, as well as the historical and present status of the Private Tutoring market. The report provides information on the Private Tutoring market’s revenue, share, production and sales. The report also includes Private Tutoring market segment trends, investment and technology with the competitive landscape. It also includes the analysis of the regional as well as market segments, application areas and market growth strategies. An in-depth analysis of the market segmentation assists to determine the prevailing market opportunities and the major segments of the Private Tutoring market are further divided into sub-segments.
The report provides a qualitative and quantitative analysis of the Private Tutoring market from 2022 to 2029 to identify the prevailing market opportunity. Porter’s five forces analysis highlights the potency of the suppliers and buyers in the Private Tutoring industry to enable stakeholders to make profit-oriented business decisions and strengthen their buyer-supplier network. The Private Tutoring market study provides unique guidance in thoughtful details regarding the development factors and has used a top-down and bottom-up approach to keep it error-free and accurate. Extensive primary and secondary research methodologies have been used by SMR’s expert analysts to collect the data for the Private Tutoring market report.
Private Tutoring Market Overview:
The Private Tutoring Market's drivers, restraints, technical advancements, product developments, market opportunities, restrictions, growth strategies, and market prospects, as well as the forecast period, have been covered in the report in detail. The report offers an in-depth look at the Private Tutoring industry, including key figures such as Private Tutoring market size, market share, revenue growth, and CAGR for the forecast p
Private Tutoring Market Size was valued at USD 100.49 billion in 2021. Global Private Tutoring Market size is estimated to grow at a CAGR of 8.4 % over the forecast period.
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Private Tutoring Market Drivers:
Market Drivers: Elite schools or universities accept students with higher grades under strict conditions such as passing difficult entrance exams or English language exams. As a result, students' competition for admission to international schools or colleges has increased. More than half of all surveyed students in China (57%) received private instruction outside of school, as did more than half of all surveyed students in India (55%), and one in ten students in the United States.
Private Tutoring Market Segmentation:
Because of its greater convenience, the online channel would grow the fastest. The market is segmented using both online and offline methods. Although group or classroom tutoring has grown in popularity in recent years, the offline approach is likely to account for the majority of home tutoring. A tutor can directly observe a student's development or areas of weakness and provide additional attention or better answers as needed. Because technology allows both teachers and students to deliver and receive instruction from anywhere in the world, the preference for online learning has shifted.
Over 84% of students said that online tutoring was either more effective or equally successful as in-person tutoring. Students, parents, and tutors who took part in a study noted significant benefits of online tutoring, such as flexible class scheduling, searchable lesson recordings, and a more calm and concentrated environment. Because tutors now post their recordings online, it is much easier to locate them later for learning or reviewing the material.
There are several market segments for academic and non-academic subjects. As more students seek extra tutoring for difficult courses or to perform well on exams in high-scoring areas, the academic subjects segment's market share is expected to grow significantly. Mathematics was reported to be the most frequently privately tutored subject, with 66% of surveyed students (roughly two-thirds) receiving private instruction, followed by physics with 43%. Non-academic courses, such as learning a second language or subjects related to the arts, are becoming increasingly popular. This is due to an increase in parental desire to engage their children.
Private Tutoring Market Key Players:
Chegg, Inc. (Santa Clara, U.S.)
Mathnasium LLC (Los Angeles, U.S.)
Ambow Education Holding Ltd. (Beijing, China)
TAL Education Group (Beijing, China)
Mathnasium LLC (Los Angeles, U.S.)
Educomp Solutions Ltd. (Gurgaon, India)
Sylvan Learning, LLC (Baltimore, U.S.)
Daekyo Co., Ltd. (Seoul, South Korea)
Kumon Institute of Education Co., Ltd. (Tokyo, Japan)
Kaplan Inc. (New York, U.S.)
Private Tutoring Market Regional Insights:
Major countries in each region are included in the report according to their revenue contribution to the Private Tutoring market. The study includes a region-wise detailed analysis of the Private Tutoring market. The regions are:
Key Questions answered in the Private Tutoring Market Report are:
Key Offerings:
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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