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NEW YORK, March 9, 2022 /PRNewswire/ — The private tutoring market in US is estimated to grow by USD 8.37bn from 2020 to 2025. The growth momentum of the market will accelerate at a CAGR of 7.61% during this period.
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Private Tutoring Market in US: Driver
The growing demand for customized learning is driving the private tutoring market in the US. Conventional tutoring services include overhead costs associated with amenities such as classrooms, equipment, and related facilities. Owing to the rapid penetration of mobile phones and tablets and the increasing network connectivity, vendors are offering online tutoring These programs not only overcome challenges associated with conventional tutoring services but also provide flexibility to learners through self-paced learning methods.
Private Tutoring Market in US: Challenge
The availability of open-source material will challenge the private tutoring market growth in the US. The market faces a major threat from open-source tutoring services, which provide learning material free of cost. The popularity of massive open online courses (MOOCs) in the US is increasing due to their highly robust and dynamic curriculum. MOOCs are emerging as a viable alternative to academic education in schools. Students can avail free online course content through mobile devices such as smartphones and tablets and complete the courses according to their own pace. Students and parents are increasingly viewing open-source learning as a cost-effective alternative to private tutoring services, owing to the high costs involved in availing of private tutoring services. Thus, the rising popularity of MOOCs and open-source learning is expected to hamper the growth of the tutoring services market in the US during the forecast period.
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Private Tutoring Market In US: Some Key Vendors and their Offerings
Chegg Inc. – Key services offered by the company include Chegg Tutors and Chegg Math Solver.
Club Z! Inc. – The company offers in-person and online private tutoring services to students for academic subjects and test preparation.
Growing Stars Inc. – The company offers online private tutoring services for range of high school, middle school, and college-level subjects as well as competitive examinations such as SAT and PSAT. It also provides online private tutoring for computer science and to AP/IB/GCSE/IGCSE aspirants.
Huntington Mark LLC – The company offers personalized one-to-one tutoring services to elementary, middle school, and high school students. It also offers tutoring services to students preparing for college-level and high school-level examinations such as ACT, SAT, HSEE, and SSAT as well as other competitive exams such as regents, state tests, ASVAB, GED, and TASC.
John Wiley & Sons Inc. – The company offers online private tutoring services to students through its subsidiary, Knewton Inc. Products offered include Alta adaptive learning courseware.
Private Tutoring Market In US: Segmentation Analysis
This market research report segments the private tutoring market in US by type (Curriculum-based learning and test preparation) and market landscape (online learning and blended learning).
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