NEW YORK, Jan. 17, 2022 /PRNewswire/ -- The private tutoring market in the US is expected to grow by USD 8.37 bn from 2020 to 2025, progressing at a CAGR of almost 8% during the forecast period, according to Technavio. The report offers an up-to-date analysis of the market.
To know the exact growth variance and the Y-O-Y growth rate, Request a free sample report.
The private tutoring market in US is fragmented, and the degree of fragmentation will accelerate during the forecast period. To make the most of the opportunities, market vendors need to focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The private tutoring market in the US report covers the following areas:
Private Tutoring Market in US 2021-2025: Segmentation
By type, the curriculum-based learning segment will have significant market share growth during the forecast period. Curriculum-based learning includes private tutoring services for regular academic subjects such as STEM, arts, and foreign languages.
By learning method, the online learning method will have significant market share growth during the forecast period. Online learning includes online private tutoring services that can be accessed by learners through digital devices.
Download a Free Sample to learn about the contribution of each segment of the market
Private Tutoring Market in US 2021-2025: Drivers and Challenges
The growing demand for customized learning will offer immense growth opportunities. Conventional tutoring services incur overhead costs associated with amenities such as classrooms, equipment, and related facilities. Vendors are leveraging the rapid penetration of mobile phones and tablets and the increasing network connectivity to offer online tutoring programs. Online tutoring also provides flexibility to learners through self-paced learning methods.
The availability of open-source material will challenge the growth of the market participants. The popularity of massive open online courses (MOOCs) in the US is rising, owing to their highly dynamic and robust curriculum. MOOCs are increasingly emerging as a viable alternative to academic education in schools. Students can avail free online course content through mobile devices such as smartphones and tablets and complete the courses at their own pace. Open-source is a cost-effective alternative to private tutoring services. Thus, the rising popularity of MOOCs and open-source learning is expected to hamper the growth of the tutoring services market in the US during the forecast period.
Private Tutoring Market in US 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the private tutoring market in US, including Chegg Inc., Club Z! Inc., Growing Stars Inc., Huntington Mark LLC, John Wiley & Sons Inc., MindLaunch Coaching, Pearson Plc, Sylvan Learning LLC, Varsity Tutors LLC, and Wyzant Inc.
Subscribe to our "Lite Plan" billed annually at USD 3000 that enables you to download 3 reports/year and view 3 reports/month.
Private Tutoring Market in US 2021-2025: Key Highlights
Related Reports:
Private Tutoring Market In US Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8% |
Market growth 2021-2025 |
USD 8.37 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.90 |
Regional analysis |
US |
Performing market contribution |
US at 100% |
Key consumer countries |
US |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Chegg Inc., Club Z! Inc., Growing Stars Inc., Huntington Mark LLC, John Wiley & Sons Inc., MindLaunch Coaching, Pearson Plc, Sylvan Learning LLC, Varsity Tutors LLC, and Wyzant Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article