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Private Tutoring Market Size

Report ID: GMI5155
Published Date: Nov 2021
Report Format: PDF

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Private Tutoring Market Size

Private Tutoring Market size exceeded USD 90 billion in 2020 and is projected to expand at over 5% CAGR from 2021 to 2027. The growing number of students appearing in various competitive exams such as engineering and medical entrance exams resulting in increased competition will fuel the industry growth. Private tutoring is witnessing demand for cost-effective programs that addresses the knowledge gap in students.

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The outbreak of the coronavirus (COVID-19) has severely collapsed the economic activity in FY2020. The pandemic has moderately impacted the private tutoring industry as schools, and universities implemented remote learning practices during the lockdown period, resulting in the need for online personalized tutoring services. Additionally, the growing purchasing power, and awareness regarding the importance of the education is fueling the market demand in the developing and under developing regions such as Latin America and Africa. However, pandemic negatively impacted the offline mode of private tutoring.

Private Tutoring Market Report Attributes
Report Attribute	Details
Base Year:	2020
Private Tutoring Market Size in 2020:	90 Billion (USD)
Forecast Period:	2021 to 2027
Forecast Period 2021 to 2027 CAGR:	5%
2027 Value Projection:	140 Billion (USD)
Historical Data for:	2017 to 2020
No. of Pages:	250
Tables, Charts & Figures:	285
Segments covered:	Type, mode, end user, payment model and region
Growth Drivers:	High demand for online private tutoring services in North America Rising disposable incomes in Europe Growing subscription based private tutoring payment model in Asia Pacific Rise in demand for private tutoring services for competitive exams in Latin America Growing demand for online private tutoring services in the Middle East & Africa
Pitfalls & Challenges:	Unregulated fee structure High-cost restricting adoption in underdeveloped countries

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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of private tutoring surpassed USD 90 billion in 2020 and will expand at a CAGR of 5% between 2021 and 2027 driven by the surging number of students appearing in various competitive exams.

In the U.S., the industry revenue from subscription-based payment will grow at 10% CAGR up to 2027 given that the method is economical and provides a lot of features over pay per hour mode of payment.

In Germany, curriculum-based learning market size is set to exhibit a CAGR of 12% through 2027 considering the increasing competition and the escalating need for excelling in academics.

North America market is expected to expand at a CAGR of 11% till 2027 impelled by the soaring availability of tailored courses and rising government investments for supporting STEM education.

Leading companies across the industry include Khan Academy, BYJU