Private Tutoring Market Scope
Private tutoring is a type of shadow tutoring system. It is mainly offered externally to the mainstream education system. This method basically refers to good examination preparation for students to help them score well in various tests. Tutors provide one-to-one engagement with the students. The growing rivalry among the students for receiving admission into renowned colleges, schools and universities will help to boost the global private tutoring market.
According to AMA, the Global Private Tutoring market is expected to see growth rate of 7.2% and may see market size of USD175.21 Million by 2027.
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Private Tutoring market throughout the predicted period.
Ambow Education (China), New Oriental (China), TAL Education (China), Xueda Education (China), American Tutor (United States), TutorZ (United States), Chegg Inc. (United States), Manhattan Review (United States), ITutorGroup (Taiwan) and VIPKID Beijing ICP (MindLaunch) (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are MandarinRocks (China), Kaplan, Inc. (United States), Brighter Minds Tutoring (United States), EF Education First (Switzerland), A Plus-All Subjects Tutoring, Inc. (United States), Club Z!, Inc. (United States), Daekyo Co., Ltd. (South Korea), Educomp Solutions Ltd. (India), Fleet Education Services Limited (United Kingdom), Huntington Learning Centers, Inc. (United States) and JEI Learning Centers (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Private Tutoring market by Type (Academic Training, Sports Training, Art Training and Others), by Application (Pre-School Children, Primary School Students, Middle School Students, High School Students and College Students) and Region with country level break-up.
On the basis of geography, the market of Private Tutoring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On December 6th, 2018, a global leader in career and educational tutorial services,’ TAL Education Group’ has acquired Israeli startup company Codemonkey. The acquisition is completed for 20 Million USD agreement. This strategic alliance has assisted TAL Education Group in geographic expansion of educational business processes.
On 30th November 2018, a global leader in educational and career enhancement services in China “Ambow Education Holding Ltd.” has introduced ‘a cross border college program’ between the United States and Chinese Colleges. This contract will be valid for the next five years which is designed to fulfill the Chinese student demand for acceptance Bachelor of Science degree acceptable by both Chinese and the United States’ employers. Presently, the company has assembled a number of colleges from China and the United States. These colleges are following a model that is instituted at Ambow acquired college named ‘Boston's Bay State College’.
Market Trend
- Adoption of Online Private Tutorials with Auto Performance Calculators
- Upsurging Awareness about the Benefits of Private Tutoring
Market Drivers
- Growing Competition among the Students for getting enrolled in Renowned Colleges
- Rising Prevalence of Private Tutors across the Globe
Opportunities
- Increasing Parent’s Willingness in Enrolling Their Children to Private Tutorials
- Cut Throat Competition in Globally Competitive Education Environment
Restraints
- Comparatively Higher Charges for Private Tutoring Services than Conventional Tutoring Services
- Difficulties in Tackling External Environment Competition
Challenges
- Lack of Concentration towards Extra Curricular Activities
- Lack of Physical Teaching-Learning Experience might hamper Student’s Intelligence
Key Target Audience
Private Tutoring Service Providers, Education Services Upstream and Downstream Buyers, Private Tutoring Portal Resellers, Educational Industry Associations, Government Organizations and Others