K-12 Online Tutoring Market Size, Share, Demand, Trends and Industry Forecast 2023-2028
IMARC Group has recently released a new research study titled "K-12 Online Tutoring Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
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.
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K-12 Online Tutoring Market Report 2023 |
K-12 Online Tutoring Market Outlook
K-12 online tutoring provides microlearning facilities via audio, infographics, videos, and text. It offers an effortless way of learning for students of kindergarten to grade 12 and maintains communication with teachers. K-12 online tutoring enables students to choose from various courses and tutors to adapt to their learning needs and style. It provides convenience and personalized learning flexibility to students. In addition to this, K-12 online tutoring also supports teacher-parent interactive sessions, delivers a quick way of learning, focuses on skill development, etc. As a result, this model finds extensive applications in providing English, STEM, and language courses.
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K-12 Online Tutoring Market Trends and Growth Drivers:
How the K-12 online tutoring industry keeps moving forward?
The emerging trend of digitization, the widespread adoption of smart devices, such as smartphones, tablets, laptops, etc., and the growing penetration of high-speed internet connectivity are among the primary factors driving the K-12 online tutoring market. Besides this, the elevating integration of Artificial Intelligence (AI), Machine Learning (ML), the Internet of Things (IoT), Virtual Reality (VR), and Augmented Reality (AR) with these services is further stimulating the market growth. Moreover, the increasing consumer awareness towards the websites that offer K-12 online tutoring services and the extensive utilization of Science, Technology, Engineering, and Mathematics (STEM) education, owing to the rising number of competitive exams for higher studies, are also catalyzing the global market.
Apart from this, the escalating demand for these services to learn foreign languages is acting as another significant growth-inducing factor. Furthermore, the inflating need for quality education with a modern and interactive approach and the introduction of personalized and adaptive microlearning for relevant and concise content that addresses the knowledge gap in students are expected to bolster the K-12 online tutoring market in the coming years.
K-12 Online Tutoring Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the global K-12 online tutoring market has been studied in the report with the detailed profiles of the key players operating in the market.
K-12 Online Tutoring Key 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
Market Segmentation:
The report has segmented the global K-12 online tutoring market on the basis of type, application and region.
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
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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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