Global Private Tutoring Strategic Market Report 2023: Market to Reach $290.8 Billion by 2030 from $146 Billion in 2022 - Growing Emphasis on STEM Education Continues to Drive Growth

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Apr 25, 2023, 21:45 ET

DUBLIN, April 25, 2023 /PRNewswire/ -- The "Private Tutoring: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Private Tutoring Market to Reach $290.8 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Private Tutoring estimated at US$146.1 Billion in the year 2022, is projected to reach a revised size of US$290.8 Billion by 2030, growing at a CAGR of 9% over the analysis period 2022-2030.

Blended, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach US$94.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Online segment is readjusted to a revised 11.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $26.1 Billion, While China is Forecast to Grow at 11.6% CAGR

The Private Tutoring market in the U.S. is estimated at US$26.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$89.2 Billion by the year 2030 trailing a CAGR of 11.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 7.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.

Looking Ahead to 2023

Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.

Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New for 2023?

Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

Key Topics Covered:

MARKET OVERVIEW

Changing Face of Education Amid COVID-19
School Closures Amid COVID-19 Prompt Boom in Online Private Tutoring
Remote Learning during COVID-19 Emerges as Promising Trend in Video Conferencing Market
Influencer Market Insights
World Market Trajectories
Private Tutoring - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Private Tutoring: A Prelude
Benefits of Private Tutoring
Concerns and Issues
Global Education Sector: Key Statistics
Factors Influencing Private Tutoring
Online Tutoring Emerges as Popular form of Private Tuitions
Challenges Faced by Online Tutoring
Competition
Recent Industry Activity
World Brands

MARKET TRENDS & DRIVERS

Private Tutoring Industry Continues to Attract Investors
Growing Emphasis on STEM Education Continues to Drive Growth
Growing Competition to Excel in Entrance Examination Continues Drive Demand for Private Tutoring
Growing Student Population Benefits Online Tutoring
Burgeoning World Student Population Expands the Addressable Market Opportunity for e-Learning Technologies
Growing Demand for Private Tutoring for Language Learning
Technology Advancements in the Private Tutoring Space
New Intelligent Tutoring Systems Developed through AI
Advances in Artificial Intelligence Drives Adaptive and Personalized eLearning
Commercialization of AI Technology Boosts Use of AI in e-Learning
M-Tutoring: An Expanding Platform
Location Agnostic Interactive and Synchronous Learning Accelerates the Shift Towards Web Conferencing in Education Sector
As Physical Classes Become Virtual Amid the Pandemic, Remote Education Pushes Reliance on High Speed Internet
Bandwidth: An Important Prerequisite for Online Education
Planning for More Robust Connectivity in the Coming Era of eLearning to Spur Opportunities for FTTH
5G Technology to Boost adoption
Breakdown of Network Latency (in Milliseconds) by Network Type
Covid-19: An Inflection Point for Online Education
Favorable Demographics Strengthen Growth in the Private Tutoring Sector

FOCUS ON SELECT PLAYERS (Total 100 Featured)

Ambow Education Holding Ltd.
A Plus-All Subjects Tutoring, Inc.
Building Educated Leaders For Life
C2 Education Centers, Inc.
Chegg, Inc.
Club Z!, Inc.
Daekyo Co., Ltd.
Educomp Solutions Ltd.
Fleet Education Services Limited
Huntington Learning Centers, Inc.
JEI Learning Centers
Kaplan, Inc.
Kumon Institute of Education Co., Ltd.
Mandarin House
Mathnasium LLC
New Oriental Education and Technology Group
Sylvan Learning Inc.
The Princeton Review
TAL Education Group
Tutor Doctor
Tutor.com, Inc.
TutorMe.com, Inc.
Tutoring Club, Inc.
Tutors in China
Varsity Tutors LLC
Xueda Education Group
ZGS Bildungs-GmbH

For more information about this report visit https://www.researchandmarkets.com/r/1dxsa3

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