K-12 Online Tutoring Market Size, Share, Trends, Demand, Growth and Forecast 2023-2028
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.
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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.
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.
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
·
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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·
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
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