The global after-school program market has been witnessing significant growth over the past few years. After-school programs have emerged as an effective way for students to learn essential life and social skills, explore creativity, and remain engaged in constructive activities outside of the regular school hours. Various skills-based programs focusing on Science, Technology, Engineering, and Mathematics (STEM), arts, sports, and language learning have gained popularity among students and parents. The market growth can be attributed to benefits of after-school programs such as supervision of children after school, academic support and test preparation, development of social-emotional skills, and prevention of risky behaviors during out-of-school hours. The growing emphasis on holistic development of students and engagement in extracurricular activities are expected to drive the demand for quality after-school programs over the coming years.
Market Dynamics:
The global after-school program market is driven by factors such as rapid urbanization leading to increasing number of working parents, focus on improving learning outcomes of students, and rising demand for STEM education. However, high costs associated with after-school programs and lack of standardized curriculum & infrastructure in some regions, such as Nigeria, Columbia, and Bangladesh, are expected to restrain the market growth. On the other hand, initiatives towards developing innovative models of after-school programs focused on personalized & experiential learning present significant opportunities for market expansion. The rising popularity of language learning, sports, and arts programs also provides lucrative avenues.
Key Features of the Study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook