Report ID: SQMIG25R2005 | Region: Global | Published Date: December, 2022 | Pages: 165Global Interior Design Services Market
Report ID: SQSG25R2003 | Region: Global | Published Date: December, 2022 | Pages: 165
Global Private Tutoring Market size was valued at USD 101.1 billion in 2021, and it is expected to reach a value of USD 188.4 billion by 2028, at a CAGR of 9.3% over the forecast period (2022 - 2028).
Students from schools or institutes outside the traditional education system receive one-to-one academic support from private tutors. Creating a personalized approach and trying to keep up with them, helps students maintain their studies with fewer distractions, promotes intrinsic motivation and improves performance.
The societal ladder to progress in one's professional and personal life is thought to be education. More career opportunities, higher compensation, and a higher social position are all associated with higher education. As a result, parents are investing a lot of money in their kids' education, which includes private tutoring or private extracurricular tutoring, which is quickly becoming a significant trend in the global education system. Urban areas use private tutoring services more frequently than rural ones.
Future demand for private tutoring will probably be driven by children's heightened competition for admission to elite schools. Parents are eagerly enrolling their kids in private school as a result of the growth in income to better meet their kids' educational demands.
To get more reports on the above market click here to Buy The 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.
Analysis by Delivery Mode
In 2021, with a significant market share, the blended category dominated the private tutoring industry. This market is estimated to grow over the predicted time frame. Since the advent of online teaching techniques in recent years, the online teaching staff has lacked the skills required to effectively utilize the many online platforms. This weakness of the internet market will accelerate the growth of the mixed market in the future years.
Analysis by Course Type
The market's largest contributor, the academics segment, is expected to expand throughout the projected period. Students are likely to become more motivated to receive further private coaching if they want to improve their rankings and academic success in high school and college. Moreover, the majority of pupils find the subjects of algebra, science, and english to be quite challenging, therefore they want additional coaching under the guise of private tutoring.
To get detailed analysis on other segments, Request For Sample Report
In 2021, the largest market share for private tutoring was held by the Asia Pacific. Due to the significant involvement of multiple coaching classes, particularly in China, Japan, South Korea, and Southeast Asian countries, the Asia Pacific region owned the majority of the global market. The Asia Pacific private tutoring market is predicted to surge to the top of the worldwide private tutoring market as a result of rising education expenditures, rising education spending, and growing middle-class income of the region's population.
During the projection period, North America is projected to be the most profitable region. The increasing importance of microlearning is one of the most significant market developments in private tutoring in the US. Microlearning is made up of brief courses that are simple for students to understand quickly. In the United States, the market for private tutoring accounted for $24.9 billion in 2021.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
To raise their market share, boost profitability, and maintain market dominance, the participants in the worldwide private tutoring market have utilized a variety of developmental tactics. Locally, there are several private tutoring options, which have fragmented the market and raised competition. To increase their footprint, market participants are using tactics like opening new learning facilities or mergers and acquisitions. For instance, in November 2021, the Estonian Business Angels Network is leading a €200K funding round in Mentornaut, a new online tutoring platform (EstBAN). The platform wants to broaden access to one-to-one education in Kenya.
Top Players in the Global Private Tutoring Market
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, in 2021, the blended category dominated the private tutoring market with a significant market share. The academics sector, which accounts for the largest share of the market, is expected to grow over the expected time frame. The Asia Pacific region held the largest market share for private tutoring in 2021. North America is expected to be the most profitable area during the projection period.
|Market size value in 2021||USD 101.1 billion|
|Market size value in 2028||USD 188.4 billion|
|Forecast period||2022 - 2028|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Private Tutoring Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Private Tutoring Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Private Tutoring Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Private Tutoring Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.SPEAK TO AN ANALYST
Get lifetime access to our reportsBasic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOW
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.
Product ID: SQSG25R2003