K-12 Online Tutoring Market in APAC 2017-2021
About K-12 Online Tutoring
With the rise in competency levels in the education industry, a marked surge in procuring tutoring services has been observed globally. In tandem with this growth, leading tutoring providers have adapted and incorporated changes in their delivery and marketing methods to reach out to a larger base of students. From the students' perspective, the majority of the students enroll for online tutoring services to prepare for standardized tests and school-level exams. Traditionally, offline or face-to-face tutoring methods represented the global K-12 tutoring market. This created many limitations for tutors and students in terms of time and personalized learning requirements.
Technavio’s analysts forecast the K-12 online tutoring market in APAC to grow at a CAGR of 15.57% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the K-12 online tutoring market in APAC for 2017-2021. To calculate the market size, the report considers the revenue generated by online tutoring service providers who cater to K-12 students in APAC.
Technavio's report, K-12 Online Tutoring Market in APAC 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – K-12 Online Tutoring Market in APAC 2017-2021
Technavio recognizes the following companies as the key players in the K-12 Online Tutoring Market in APAC: Ambow Education, CDEL, New Oriental Education and Technology, TAL, and Vedantu.
Other Prominent Vendors in the market are: iTutorGroup, EF Education First, Chegg, Knewton, and Tokyo Academics.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is improving digital infrastructure in schools. Advances in ICT have resulted in the emergence of virtual classrooms worldwide. The method of imparting education through virtual classrooms is now applied by online tutoring service providers as well. It enables staff members to access learning content, though the best aspect of this concept is that it transcends geographical boundaries.”
According to the report, one of the major drivers for this market is stable demand for test preparation in china. The increase in the number of in the number of standardized test takers is directly correlated to the enrolment growth rate in the higher education segment. This, inevitably, results in the higher volume of students enrolling in test preparation services. According to China's Ministry of Education, the number of students enrolled in the higher education has increased dramatically. By 2020, Chinese graduates are expected to represent over one fifth of the global higher education enrollments.
Further, the report states that one of the major factors hindering the growth of this market is rise in number of unorganized private tutors. The K-12 online tutoring market is highly confronted by the rise of unorganized tutors. Many school teachers provide tutoring services to students after school without being enlisted with any organized tutoring service providers. Sometimes other professionals that are proficient in core subjects such as mathematics, English, and science also provide tutoring services to generate additional income. Such types of services are quite rampant in countries such as India and China. This type of tutoring service is provided for the majority of the school children after class hours at the student's residence or at the teacher’s place. Unorganized tutors might not have a valid disclosure and essential certification or any qualifications that are mandatory to become a tutor.
Ambow Education, CDEL, New Oriental Education and Technology, TAL, and Vedantu. Other Prominent Vendors in the market are: iTutorGroup, EF Education First, Chegg, Knewton, and Tokyo Academics.
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