IMARC Group, a leading market research company, has recently released a report titled “K-12 Online Tutoring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global K-12 online tutoring market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest 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 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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What are the growth prospects and trends in the K-12 online tutoring industry?
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.
Who are the key players operating in the industry?
The report covers the major market players including:
K-12 Online Tutoring Key Companies:
- Ambow Education Holding
- Beijing Magic Ears Technology
- Chegg Inc.
- Club Z! Inc.
- Pearson Plc
- Qkids Teacher
- Stride Inc.
- TAL Education Group
- Varsity Tutors
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type Insights:
- Primary School
- Junior High School
- High School
Breakup by Application Insights:
- English Courses
- STEM Courses
- Language Courses
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- 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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