According to the latest report by IMARC Group, titled “K-12 Online Tutoring Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
How big is the K-12 online tutoring market?
The global K-12 online tutoring market size reached US$ 4.57 billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.81 billion by 2028, exhibiting a growth rate (CAGR) of 15.09% during 2023-2028.
What is K-12 online tutoring?
K-12 online tutoring utilizes videos, audio, infographics, and text to offer micro-learning opportunities. It presents a convenient learning avenue for students from kindergarten to grade 12 while enhancing teacher-student communication. K-12 online tutoring solutions allow students to have the flexibility to select from a range of courses and tutors that align with their learning needs. They provide personalized learning options, facilitate teacher-parent interactive sessions, and emphasize skill development. Consequently, K-12 online tutoring systems are extensively utilized across countries.
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What are the emerging trends in the K-12 online tutoring industry?
The K-12 online tutoring market is driven by several factors, including the growing digitization, the increasing sales of smart devices, such as smartphones, tablets, and laptops, and the expanding reach of high-speed internet connectivity across the globe. Furthermore, the market is also positively influenced by the rising awareness of the benefits of K-12 online tutoring, as well as the proliferation of applications and websites offering such services. Additionally, the integration of artificial intelligence (AI), machine learning (ML), the internet-of-things (IoT), virtual reality (VR), and augmented reality (AR) with these services is acting as another significant growth-inducing factor.
Moreover, the elevating adoption of Science, Technology, Engineering, and Mathematics (STEM) education, owing to the increased number of competitive exams for higher education, the escalating use of the system for learning foreign languages, and the emerging trend of pursuing overseas education for career development, are further catalyzing the market growth.
Besides this, the shifting preferences toward quality education with a modern and interactive approach lead, which include game-based learning, and the inflating demand for personalized and adaptive microlearning, which offers concise and relevant content to address students’ knowledge gaps, are expected to augment the K-12 online tutoring market in the coming years.
Who are the key players operating in the industry?
The report covers the major market players including:
K-12 Online Tutoring Companies:
- Ambow Education Holding
- Beijing Magic Ears Technology
- BYJU’S
- Chegg Inc.
- Club Z! Inc.
- eTutorWorld
- ITutorGroup
- Pearson Plc
- Qkids Teacher
- Stride Inc.
- TAL Education Group
- Varsity Tutors
- Vedantu
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type Insights:
- Primary School
- Pre-Kindergarten
- Junior High School
- Kindergarten
- High School
Breakup by Application Insights:
- English Courses
- STEM Courses
- Language Courses
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Industry Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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