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K-12 Online Tutoring Market | Growing Importance of STEM Education to Boost Market Growth | Technavio

The global K-12 online tutoring market size is poised to grow by USD 80.18 billion during 2020-2024, progressing at a CAGR of about 14% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global K-12 Online Tutoring Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global K-12 Online Tutoring Market 2020-2024 (Graphic: Business Wire)

The ability to deliver clear content within a short period is one of the key drivers for the K-12 Online Tutoring Market. The knowledge delivered by microlearning is easy to comprehend and understand. Microlearning splits broad topics into small units comprising of videos, audios, texts, or infographics. Microlearning also involves the use of bite-sized learning modules, short-term learning activities, quizzes, games, and just-in-time content delivery. The conventional long-duration tutoring programs are further enhancing the popularity of K-12 online tutoring. This is further expected to increase as the demand for K-12 online would be increasing during the forecast period.

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Report Highlights:

  • The major K-12 online tutoring market growth came from the structured tutoring segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the K-12 online tutoring market size.
  • North America was the largest K-12 online tutoring market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the growing demand for test preparation and standardization of competitive tests.
  • The global K-12 online tutoring market is fragmented. Ambow Education Holding Ltd., Chegg Inc., Club Z! Inc., iTutorGroup, K12 Inc., Pearson Plc, Providence Equity Partners LLC, TAL Education Group, Think & Learn Pvt. Ltd., and Vedantu Innovations Pvt. Ltd. some of the major market participants. To help clients improve their market position, this K-12 online tutoring market forecast report provides a detailed analysis of the market leaders.
  • As the business impact of COVID-19 spreads, the global K-12 online tutoring market 2020-2024 is expected to have positive impact. As the pandemic spreads in some regions and plateaus in other regions, we continue to revaluate the impact on businesses and update our report forecasts.

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The rising competition in STEM competitive examinations will be a Key Market Trend

In countries such as India, students must have basic STEM (science, technology, engineering, and mathematics) education to prepare for competitive examinations. Also, the increasing job opportunities in this field have bolstered the demand for STEM education. As a result, the emphasis on basic STEM education has increased. The rising competition in STEM competitive examinations will further boost the demand for K-12 online tutoring. Thus, the growing importance of STEM education will be a significant K-12 online tutoring market growth trend.

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K-12 Online Tutoring Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist K-12 online tutoring market growth during the next five years
  • Estimation of the K-12 online tutoring market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the K-12 online tutoring market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of K-12 online tutoring market vendors

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View market snapshot before purchasing

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Structured tutoring - Market size and forecast 2019-2024
  • On-demand tutoring - Market size and forecast 2019-2024
  • Market opportunity by Type

Market Segmentation by Course type

  • Market segments
  • Comparison by Course type
  • Assessments - Market size and forecast 2019-2024
  • Subjects - Market size and forecast 2019-2024
  • Impact of COVID-19 pandemic on the market
  • Market opportunity by Course type

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • COVID-19 pandemic impact on the global market
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Ambow Education Holding Ltd.
  • Chegg Inc.
  • Club Z! Inc.
  • iTutorGroup
  • K12 Inc.
  • Pearson Plc
  • Providence Equity Partners LLC
  • TAL Education Group
  • Think & Learn Pvt. Ltd.
  • Vedantu Innovations Pvt. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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