The global impact of COVID-19 has been unprecedented and staggering, with private tutors witnessing a negative demand shock across all regions amid the pandemic. Certain patterns are clear. Online Tutoring Services Market Size & Trends Report, 2030 First, while the incidence of tutoring appears highest in East Asia, private tutoring is an important phenomenon in countries Having attended private tutoring centers as a child and worked at them throughout high school and college, Ph.D. candidate Edward Kim was surprised that such an integral part of his own upbringing had not been heavily studied. Tutoring is now widespread in many parts of the world, including developing countries (appendix table A.1). It was reported that, in 2019, about th of the students received private tutoring in South Korea, wherein students spent, on an average, 6.5 hours/week for this tutoring. Job Description. Over 10% of college students use private tutoring, with 74% from families earning above $100k yearly. Singapore $112 is accounted for private tuition and other educational services. The online tutoring industry report estimates the market size to be $ 153.07 bn during 2021-2025.The incremental growth and the accelerating growth momentum will encourage established as well as new vendors to make investments and strengthen their position in the online tutoring industry. Tutoring costs per hour in China's megacities can span from $14 to hundreds of dollars. The global private tutoring market size was USD 92.59 billion in 2020 and is projected to grow from USD 98.15 billion in 2021 to USD 171.93 billion in 2028 at a CAGR of 8.3% in the 2021-2028 period. For instance, as per Bramble survey results published in July 2020, about 84% of surveyed students reported that online tutoring was more effective or as effective as tutoring in person. The K-12 private tutoring market in the US reached $2.2 billion in revenue in 2019. MARKET OVERVIEW II-1 Impact of Covid-19 and a Looming Global Recession II-1 Changing Face of Education Amid COVID-19 II-1 Exhibit 1: Number of Students Impacted by COVID-19 in Select Countries: June 2020 II-3 Exhibit 2: Number of Students Impacted by COVID-19: Feb2020- Mar2020 II-4 School Closures Amid COVID-19 Prompt Boom in Online Private Tutoring II-4 Exhibit 3: Number of Online Educational Users in China: December 2016 - March 2020 II-5 Remote Learning during COVID-19 Emerges as Promising Trend in Video Conferencing Market II-6 Private Tutoring: A Prelude II-6 Benefits of Private Tutoring II-8 Concerns and Issues II-8 Global Education Sector: Key Statistics II-9 Exhibit 4: Global Educational Expenditure (2019): Percentage Share Breakdown by Region II-9 Exhibit 5: Global Educational Expenditure (2019): Percentage Share Breakdown by Sub Sector II-10 Exhibit 6: Global Education Expenditure in Primary and Junior High Schools (2019): Expenditure on Education (as % of Household Income) for Select Key Countries II-11 Exhibit 7: Global Educational Institutions Expenditure (2017): Percentage Breakdown (as % of GDP) for Select Countries II-12 Outlook II-13 Factors Influencing Private Tutoring II-13 Online Tutoring Emerges as Popular form of Private Tuitions II-14 Challenges Faced by Online Tutoring II-15 Competition II-16 Recent Industry Activity II-16 World Brands II-17 2. Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. The private tutoring market in the US is set to grow by USD 8.37 billion, progressing at a CAGR of almost 8% during 2021-2025. The Most Surprising Tutoring Industry Statistics And Trends in - GITNUX Market to Reach $218Billion. On the students side, 25% of K-12 students have had experience with a tutor, with 65% of these being 9th graders or higher. The tutoring industry is growing rapidly, with entrepreneurs seeing potential in the market. The tutor spends a few hours on a daily, weekly, or monthly basis to transfer their expertise on the topic or skill to the student (also called a tutee). In addition, several online tutoring systems provide courseware library, which includes a wide array of learning programs in various academic subjects. Children with age groups up to 10 to 12 need extra attention in learning to achieve better grades. Value. Online Tutoring Market 2020-2024 - Business Wire However, the remaining one-third of students continued to access education through online services. This statistic is an important piece of evidence for anyone looking to understand the current state of the US tutoring industry. The market is segmented into academic and non-academic subjects. Why Online Tutoring Business a Profitable Idea to Invest in 2022 Some Asian parents are also sourcing tutors from international locations. An Infographic Representation of Private Tutoring Market, To get information on various segments, share your queries with us. Click here to see all our statistic posts. Private tutoring is a widespread phenomenon across China In February 2021, a survey conducted among 4,000 parents has revealed that 92% enroll their children in extracurricular classes. Find industry analysis, statistics, trends, data and forecasts on Online Tutoring Services in the US from IBISWorld. I appreciate the timeliness and responsiveness of you and your team., (applicable to 1 report only for the same license type). The vendors also provide test preparation services for exams such as SAT, ACT, GRE, GED, and ASVAB. It highlights the fact that students from higher socio-economic backgrounds are more likely to have access to resources such as academic tutoring, which can give them an advantage over their peers from lower socio-economic backgrounds. The negative impact of the COVID-19 crisis on the education industry was offset by online coaching opportunities. Tutoring centers focused on academic subjects should pivot to another industry as soon as possible, Citic Securities, a major Chinese investment bank, said in a note sent to its clients on July 23. Virtual reality and artificial intelligence are also expected to play a role in tutoring, with these technologies being used to create more immersive and personalized learning experiences. FOCUS ON SELECT PLAYERS II-18 3. This statistic is a valuable insight into the tutoring industry and its impact on the US education system. As per the article, The Impact of The Covid-19 Pandemic On Education Financing, published in May 2020 by World Bank Group, as per downside forecast, the real growth in education spending per capita in all countries was estimated to decline at a rate of -5.7% in 2020. The US tutoring industry, poised to reach $1.84 billion by 2026, contributes 21.8% to the global market. It shows that a significant portion of public school students are relying on tutoring centers to help them succeed in their studies. How to Start a Tutoring Business | Growthink Players in the market are adopting strategies such as introducing new learning centers or merger and acquisition to strengthen their presence. Approximately 74% of US families with an income of over $100,000 have used tutoring services. In addition, large companies have their own training and research teams, as well, as are more dynamic and nimble as compared to schools. The Asia Pacific held the lion's share globally due to a strong presence of supplementary coaching classes primarily in China, Japan, South Korea, and Southeast Asian nations. This statistic is a testament to the immense size of the US tutoring market, with Kumon leading the way. As against going to tuition centers after school hours online tuitions eliminate the need to travel and commute to distant learning facilities. Online Tutoring Market Size to Grow by USD 153.07 billion | Market Focusing on K-12 private tutoring, it generated revenues of $2.2 billion in 2019 alone. China's market for private tutoring is expected to almost double to 1.17 trillion yuan ($183 billion) in 2023, from 619.1 billion yuan ($96.8 million) in 2019, according to Macquarie Research. November 19, 2020 07:12 ET China's market for private tutoring was expected to almost double to 1.17 . 2020 Fortune Business Insights . In addition to exam preparation, tutoring and driving schools, other classes, such as yoga and self-defense, are also included in this industry. China will regulate private tutoring industry | MCLC Resource Center With flexible after-school program hours, tutoring can be worked into a student's existing routine. Gitnux Entrepreneurship University Launch Offer | Get Courses 33% Off , Statistics & Facts About Technology Addiction, How To Leverage Asynchronous Communication, Learn Everything About Retention Marketing, 30 Online Business Ideas for Small Entrepreneurs. The tutoring industry is expected to grow at a rate of 6.8% annually from 2019 to 2027. Additionally, the presence of high-income groups and a techno-savvy population in the region would further raise the demand for online private tutoring in the region and aid in the market growth. Articles Here's Why Private Tutoring in China Could See Some Big Changes By Joshua Cawthorpe, June 18, 2021 0 0 An article published Thursday morning by Reuters alleges that a proposal to reform China's private tutoring industry could turn the sector on its head. Let's explore AI's various applications, benefits, and challenges in education and the future implications and potential for the industry. US high school students from the highest socio-economic status are twice as likely to receive academic tutoring as those from the lowest socio-economic status. 07 Apr, 2021, 22:40 ET. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive, Please pass on our sincere thanks to the whole team at Fortune Business Insights. Myth #4: Tutoring Takes Too Much Time. Besides, prominent key players are making efforts to avail their services through online mode, which would allow them to target a greater number of students on an international level. Tutoring is now widespread in many parts of the world, including developing countries (appendix table A.I). Besides, concerns such as confusion created due to different teaching methods of a coaching class and school teacher for the same subject lead to conflicting approaches by a student.