NEW YORK, Aug. 11, 2021 /PRNewswire/ -- The private tutoring market in the US is expected to grow by $ 8.37 bn, progressing at a CAGR of almost 8% during the forecast period.
The growing emphasis on STEM education, rising popularity of personalized learning, and availability of subject proficiency assessments and certifications are the major factors propelling the market growth. However, factors such as availability of open-source material, high development cost associated with e-learning courses, constraints related to digitization of educational content are some of the factors that will hamper the market growth.
More details: https://www.technavio.com/report/private-tutoring-market-in-us-industry-analysis
Private Tutoring Market In US: Type Landscape
The curriculum-based learning segment held the largest private tutoring market share in the US during 2020. The growth of this segment can be attributed to the rising importance of STEM courses in the education sector. It would grow at a compounded annual growth rate of around 6% between 2020 and 2025.
Private Tutoring Market In US: Learning Method
Online learning was the largest segment of the market in 2020 and will continue to be the largest segment of the market in 2025, growing faster than the overall market. It would grow at a compounded annual growth rate of around 9% between 2020 and 2025.
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Key Topics Covered:
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market characteristics
2.2 Value chain analysis
2.2.1 Inputs
2.2.2 Operations
2.2.2.1 Pitching and profiling
2.2.2.2 Resourcing and communicating
2.2.2.3 Delivery and support
2.2.2.4 Connecting and innovating
2.2.3 Marketing and sales
Exhibit 03: Value chain analysis: Education services
3. Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: US - Market size and forecast 2020 - 2025 ($ million)
Exhibit 07: US market: Year-over-year growth 2020 - 2025 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
Market condition - Five forces 2020
5. Market Segmentation by Type
The segments covered in this chapter are:
Curriculum-based learning was the largest segment of the market in 2020 and will continue to be the largest segment of the market in 2025, growing slower than the overall market. It would grow at a compounded annual growth rate of around 6% between 2020 and 2025.
5.1 Market segments
Exhibit 15: Type - Market share 2020-2025 (%)
5.2 Comparison by Type
5.3 Curriculum-based learning - Market size and forecast 2020-2025
Exhibit 17: Curriculum-based learning - Market size and forecast 2020-2025 ($ million)
Exhibit 18: Curriculum-based learning - Year-over-year growth 2020-2025 (%)
5.4 Test preparation - Market size and forecast 2020-2025
Exhibit 19: Test preparation - Market size and forecast 2020-2025 ($ million)
Exhibit 20: Test preparation - Year-over-year growth 2020-2025 (%)
5.5 Market opportunity by End-user
6. Market Segmentation by Learning method
The segments covered in this chapter are:
Online learning was the largest segment of the market in 2020 and will continue to be the largest segment of the market in 2025, growing faster than the overall market. It would grow at a compounded annual growth rate of around 9% between 2020 and 2025.
6.1 Market segments
Exhibit 22: Learning method - Market share 2020-2025 (%)
6.2 Comparison by Deployment
6.3 Online learning - Market size and forecast 2020-2025
Exhibit 24: Online learning - Market size and forecast 2020-2025 ($ million)
Exhibit 25: Online learning - Year-over-year growth 2020-2025 (%)
6.4 Blended learning - Market size and forecast 2020-2025
Exhibit 26: Blended learning - Market size and forecast 2020-2025 ($ million)
Exhibit 27: Blended learning - Year-over-year growth 2020-2025 (%)
Exhibit 28: Market opportunity by Learning method
7. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Growing emphasis on STEM education
8.1.2 Rising popularity of personalized learning
8.1.3 Availability of subject proficiency assessments and certifications
8.2 Market challenges
8.2.1 Availability of open-source material
8.2.2 High development cost associated with e-learning courses
8.2.3 Constraints related to digitization of educational content
Impact of drivers and challenges
8.3 Market trends
8.3.1 Increasing emphasis on microlearning
8.3.2 Rising influence of data analytics on tutoring services
8.3.3 Rising popularity of mobile applications and connected devices in private tutoring
9. Vendor Landscape
9.1 Overview
9.2 Landscape disruption
Analysis of Criticality of inputs and Factors of differentiation
Industry risks
10. Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.3 Chegg Inc.
Overview
Business Segments
Key Offering
Segment Focus
10.4 Club Z! Inc.
Overview
Business Segments
Key Offering
Segment Focus
10.5 Growing Stars Inc.
Overview
Business Segments
Key Offering
Segment Focus
10.6 Huntington Mark LLC
Overview
Business Segments
Key Offering
Segment Focus
10.7 John Wiley & Sons Inc.
Overview
Business Segments
Key Offering
Segment Focus
10.8 MindLaunch Coaching
Overview
Business Segments
Key Offering
Segment Focus
10.9 Pearson Plc
Overview
Business Segments
Key Offering
Segment Focus
10.10 Sylvan Learning LLC
Overview
Business Segments
Key Offering
Segment Focus
10.11 Varsity Tutors LLC
Overview
Business Segments
Key Offering
Segment Focus
10.12 Wyzant Inc.
Overview
Business Segments
Key Offering
Segment Focus
11. Appendix
Scope of the report
Currency conversion rates for US$
Research Methodology
Validation techniques employed for market sizing
List of abbreviations
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