PUBLISHER: SkyQuest | PRODUCT CODE: 1286017
PUBLISHER: SkyQuest | PRODUCT CODE: 1286017
Private Tutoring Market size was valued at USD 70.58 billion in 2021 and is poised to grow from USD 77.01 billion in 2022 to USD 129.47 billion by 2030, growing at a CAGR of 8.97% in the forecast period (2023-2030).
Private tutors provide one-on-one academic support to students from schools or institutes outside the standard educational system. In order to assist pupils maintain their studies with fewer interruptions, enhance intrinsic motivation, and improve performance, teachers should endeavour to keep up with them.
Education is regarded as the socially accepted path to success in both one's career and personal life. Higher education is linked to a wider range of professional options, better pay, and elevated social standing. As a result, parents are spending a lot of money on their children's education, which now frequently includes private tutoring or extracurricular tutoring. Private tutoring services are used more commonly in urban than rural locations.
Children's increased competition for admittance to prestigious institutions will likely fuel the need for private tutoring in the future. Due to the increase in household wealth and desire to better meet their children's educational needs, parents are excitedly enrolling their children in private schools.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Private Tutoring Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report:
The global private tutoring market segmentation is based on delivery mode, course type, and region. Based on the delivery mode the market is segmented into online, offline and blended. Based on course type the market is segmented into academics, arts, sports, other training. Based on region the global Private Tutoring market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Driver
The rise of the private tutoring sector is mostly due to two important factors: rapid urbanisation and the increased popularity of microlearning. Personalised and adaptive microlearning is gaining ground because it provides users with brief but important information that fills in their knowledge gaps. In the short-term tutoring programme, it imparts academic knowledge through entertaining and interesting quizzes and activities.
The market is being driven by the rise in demand for private online teaching on a global scale. Vendors are increasingly offering affordably priced online tutoring software as both the use of smartphones and computers and the need for private instruction grow.
Restraint
Higher than average costs are charged by private instructors, making them typically unaffordable for families with lesser incomes. The different teaching methods employed by a coaching class and a school teacher for the same subject can also result in issues like miscommunication, which leads a pupil to adopt opposing approaches. These activities are probably going to make kids do worse on the test and be more perplexed. These elements will therefore probably limit the use of after-school tutoring.
Market Trends
Tutoring businesses with online subscriptions are growing in popularity as university students increasingly favour tech-based learning methods. To help keep youngsters' attention, presentations, 3D coloured charts, posters, and animations have all been skillfully designed as subject-related content. Due to the fact that this component makes pupils like learning more, there is a greater need for online tutoring. The rising demand for technology-based shadow education services is therefore anticipated to promote market trends for private tutoring.