How big is the tutoring industry?
Table of Contents
- 1 How big is the tutoring industry?
- 2 Is tutoring a growing industry?
- 3 What industry is private tutoring?
- 4 How big is the online tutoring market?
- 5 How much is the tutoring industry worth?
- 6 Is there a demand for online tutors?
- 7 How has the closure of schools affected the tutoring industry?
- 8 What is the market size of China’s K-12 after-school training industry?
- 9 What is the market share of online tutoring services?
How big is the tutoring industry?
Online Tutoring Services in the US – Market Size 2002–2026
| $1.3bn | Online Tutoring Services in the US Market Size in 2021 |
|---|---|
| 1.8\% | Online Tutoring Services in the US Market Size Growth in 2021 |
| 10.2\% | Online Tutoring Services in the US Annualized Market Size Growth 2016–2021 |
Is tutoring a growing industry?
Amid the COVID-19 crisis, the global market for Private Tutoring estimated at US$123.8 Billion in the year 2020, is projected to reach a revised size of US$201.8 Billion by 2026, growing at a CAGR of 8.4\% over the analysis period.
What industry is private tutoring?
Size: This is a large occupation. Location: Private Tutors and Teachers work in many parts of Australia. New South Wales has a large share of workers. Industries: Most work in the Education and Training industry….Number of Workers.
| Year | Number of Workers |
|---|---|
| 2020 | 44300 |
| 2025 | 48900 |
Which tutoring company is the best?
The 8 Best Online Tutoring Services of 2021
- Best Overall: Chegg Study.
- Best Budget: Learn To Be.
- Best Variety: Tutor.com.
- Best for Language Learning: Preply.
- Best Homework Help: Skooli.
- Best for Writing Improvement: Pearson’s Smarthinking.
- Best Test Prep: TutaPoint.
- Best for Math Tutoring: Mathnasium.
Is tutoring in demand?
Thanks to parents like Thorn, the online tutoring market is booming. The industry as a whole was worth over $5.6 billion in 2020, according to one study by Grand View Research. In 2018, it was a $4.2 billion industry, a rise of 33 percent.
How big is the online tutoring market?
The global online tutoring services market size is expected to reach USD 18.18 billion by 2028, according to a new report by the publisher. The market is anticipated to expand at a CAGR of 15.6\% from 2021 to 2028.
How much is the tutoring industry worth?
The global private tutoring market size was USD 92.59 billion in 2020.
Is there a demand for online tutors?
What are the biggest tutoring companies?
Top Online Tutoring Companies in the US for 2020
- ArborBridge. Founded in 2011 in California, US, ArborBridge provides educational services to students in the US and around the world.
- BenchPrep.
- Chegg.
- Club Z!
- Kaplan.
- Think Academy.
- Pearson Education.
Is there a market for online tutoring?
12, 2021 /PRNewswire/ — According to the research report “Online Tutoring Market – Forecast and Analysis Report 2021-2025”, the market is expected to have a YOY growth rate of 15.10\% in 2021 and is expected to grow at a CAGR of 16\% between 2020 and 2025. APAC is the largest market for online tutoring.
How has the closure of schools affected the tutoring industry?
On the other hand, the closure of schools and colleges led to parents and learners seeking alternatives. This helped to soften the blow and may lead to long-term growth for the tutoring industry, as parents are exposed to the benefits of using private tutors.
What is the market size of China’s K-12 after-school training industry?
THE MARKET SIZE OF CHINA’S K-12 AFTER-SCHOOL TRAINING BUSINESSES (2017-2025F, IN RMB 10 BILLION) The White Paper divides China’s nearly one million K-12 after-school training institutions, which are also the clients of the “To Business” market, into five groups in terms of their scale 1.
Online tutoring services, which are often measured and reported on separately from in-person or hybrid businesses, have a market share worth $1.3 billion in the US. Annualized growth in the five years to 2020 was 13.9\%.
What is the future growth rate of the tutoring industry?
The industry’s impressive growth in the pre-pandemic years is expected to return, with a predicted annual growth rate of 5.7\% in the US in the years to 2027. Low costs make it easy to enter this industry, and there is a steady supply of tutors.