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K-12 Online Tutoring Market by Type, Course Type, and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR45452
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The K-12 online tutoring market share is expected to increase by USD 62.94 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 11%.

This K-12 online tutoring market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers K-12 online tutoring market segmentation by type (assessments and subjects) and geography (APAC, Europe, North America, South America, and MEA). The K-12 online tutoring market report also offers information on several market vendors, including Ambow Education Holding Ltd., Chegg Inc., Club Z! Inc., iTutorGroup, Pearson Plc, Providence Equity Partners LLC, Stride Inc., TAL Education Group, Think and Learn Pvt. Ltd., and Vedantu Innovations Pvt. Ltd. among others.

What will the K-12 Online Tutoring Market Size be During the Forecast Period?

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K-12 Online Tutoring Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing importance of stem education is notably driving the K-12 online tutoring market growth, although factors such as threat from open tutoring resources and private tutors may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the K-12 online tutoring industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key K-12 Online Tutoring Market Driver

One of the key factors driving growth in the K-12 online tutoring market is the rising importance of STEM education. The increasing job opportunities in STEM fields have boosted the demand for STEM education. Students must have basic STEM education to prepare for competitive examinations in countries such as India. The number of students enrolling in K-12 online tutoring classes, at the start of their secondary education, is expected to increase in the forthcoming years. The rising competition in STEM competitive examinations will also boost the demand for K-12 online tutoring. 

Key K-12 Online Tutoring Market Trend

The rising popularity of online microlearning is a K-12 online tutoring market trend that is expected to have a positive impact in the coming years. The popularity of online microlearning is growing among end-users because of its ability to deliver precise content within a short period. Microlearning splits broad topics into small units comprising videos, audios, texts, or infographics. Microlearning involves the use of bite-sized learning modules, short-term learning activities, quizzes, games, and just-in-time content delivery. The popularity of K-12 online tutoring can be enhanced further by offering microlearning options in conjunction with conventional long-duration tutoring programs.

This K-12 online tutoring market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major K-12 Online Tutoring Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Ambow Education Holding Ltd.
  • Chegg Inc.
  • Club Z! Inc.
  • iTutorGroup
  • Pearson Plc
  • Providence Equity Partners LLC
  • Stride Inc.
  • TAL Education Group
  • Think and Learn Pvt. Ltd.
  • Vedantu Innovations Pvt. Ltd.

 

This statistical study of the K-12 online tutoring market encompasses successful business strategies deployed by the key vendors. The K-12 online tutoring market is fragmented and the vendors are organic and inorganic deploying growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The K-12 online tutoring market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for K-12 Online Tutoring Market?

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52% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for K-12 online tutoring in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The growing demand for test preparation and standardization of competitive tests will facilitate the K-12 online tutoring market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the K-12 Online Tutoring Market?

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The K-12 online tutoring market share growth by the structured tutoring segment will be significant during the forecast period. Various promotional activities by vendors to promote structured tutoring among students and parents will drive the growth of the market 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 and actionable market insights on post COVID-19 impact on each segment.

 

K-12 Online Tutoring Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 11%

Market growth 2021-2025

$ 62.94 million

Market structure

Fragmented

YoY growth (%)

11.06

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 52%

Key consumer countries

China, India, US, UK, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Ambow Education Holding Ltd., Chegg Inc., Club Z! Inc., iTutorGroup, Pearson Plc, Providence Equity Partners LLC, Stride Inc., TAL Education Group, Think and Learn Pvt. Ltd., and Vedantu Innovations Pvt. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this K-12 Online Tutoring Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive K-12 online tutoring market growth during the next five years
  • Precise estimation of the K-12 online tutoring market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the K-12 online tutoring industry across APAC, Europe, North America, South America, and MEA
  • A thorough 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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • 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 2020-2025
    • On-demand tutoring - Market size and forecast 2020-2025
    • Market opportunity by Type

    Market Segmentation by Course type

    • Market segments
    • Comparison by Course type
    • Assessments - Market size and forecast 2020-2025
    • Subjects - Market size and forecast 2020-2025
    • Market opportunity by Course type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

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

      Appendix

      • Scope of the report
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      The k-12 online tutoring market growth will increase by $62.94 million during 2021-2025.
      The k-12 online tutoring market is expected to grow at a CAGR of 11.21% during 2021-2025.
      Technavio has segmented the k-12 online tutoring market by type (Structured tutoring and On-demand tutoring) ,other1 (Assessments and Subjects) , and geographic (APAC, Europe, North America, South America, and MEA).
      Ambow Education Holding Ltd., Chegg Inc., Club Z! Inc., iTutorGroup, Pearson Plc, Providence Equity Partners LLC, Stride Inc., TAL Education Group, Think and Learn Pvt. Ltd., Vedantu Innovations Pvt. Ltd. are a few of the key vendors in the k-12 online tutoring market.
      APAC will register the highest growth rate of 52.34% among the other regions. Therefore, the k-12 online tutoring market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the k-12 online tutoring market growth are:
      • Growing importance of STEM education
      • Wide reach through organized retailing
      The k-12 online tutoring market vendors should focus on grabbing business opportunities from the structured tutoring segment as it accounted for the largest market share in the base year.
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