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2022 Worldwide Market for K12 Online Tutoring Report – Featuring Key Players : BYJU’S, Vedantu, Pearson, Khan Academy

K12 Online Tutoring Industry

Market Overview:

According to a new report published by Introspective Market Research, Global K-12 Online Tutoring Market size is projected to reach USD 84.25 Billion by 2028 from an estimated USD 37.99 Billion in 2021, growing at a CAGR of 12.5% globally.

K-12 education has revolutionized the way pupils are taught, ensuring that children from kindergarten to 12th grade receive a basic elementary education. K-12 education is a combination of elementary and secondary education that emphasizes enhanced teacher-student communication. The letters K and 12 stands for kindergarten and 12th grade, respectively, in the K-12 educational model, which encompasses kindergarten, primary, secondary, high school, and pre-university education. The concept of K-12 education is gaining popularity around the world, particularly in the United States, Canada, and Europe. The rise in the adoption of the online tutoring concept will propel the growth of the K-12 online tutoring market over the forecasted timeframe.

Major Key Players for K12 Online Tutoring Market:

  • BYJU’S
  • Vedantu
  • Ambow Education Holding Ltd.
  • Chegg Inc.
  • Club Z! Inc.
  • iTutorGroup
  • Stride Inc.
  • Pearson Plc
  • TAL Education Group
  • eTutorWorld
  • Khan Academy
  • Others

Sample PDF covers the study structure of the report which presents in depth qualitative and quantitative analysis @ https://introspectivemarketresearch.com/request/14709

Market Dynamics and Factors:

The sudden outbreak of the COVID-19 pandemic resulted in the closure of schools, affecting over 1.2 billion children in 186 countries. Even before COVID-19, education technology was seeing rapid expansion and adoption, with worldwide edtech investments reaching US$18.66 billion in 2019 and the whole industry for online education expected to reach $350 billion by 2025.

Many online learning platforms, like BYJU’S, a Bangalore-based educational technology and online tutoring firm formed in 2011, which is currently the world’s most valuable edtech company, began offering free access to their services in response to high demand. BYJU has experienced a 200 percent rise in the number of new students using its Think and Learn app after launching free live classes.

Since mid-February, when the Chinese government ordered a quarter of a billion full-time students to continue their studies through online platforms, Tencent Classroom has been extensively used. The Tencent K-12 Online School in Wuhan attracted approximately 730,000 students, or 81% of K-12 students, resulting in the largest “online movement” in educational history thus, strengthening the expansion of the K-12 online tutoring market over the projected timeframe.

K12 Online Tutoring Market Report Highlight:

  • By type, the high school segment is anticipated to have the highest share of the K-12 online tutoring market. High school students are more susceptible to online classes and can grasp things more easily thus, supporting the segment’s growth.
  • By application, the STEM segment is expected to lead the growth of the K-12 online tutoring market over the analysis period. Science, Technology, Engineering, and Mathematics is abbreviated as STEM. STEM degrees are in high demand across various industries, and it encompasses all subdisciplines within these fields. STEM degrees are generally interdisciplinary and hands-on, preparing students for a world that requires more researchers, engineers, computer scientists, and other professionals in the top STEM fields.
  • The K-12 online tutoring market in the APAC region is anticipated to develop at the highest CAGR over the analysis period. According to a statistic, India has 1.46 million K-12 schools and 230 million kids registered in the modern K-12 education model. The rise in the number of students taking online education and the increasing penetration of the internet is expected to support the development of the K-12 online tutoring market.

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Key Industry Development:

In August 2021, BYJU’S introduced a unique ‘Two-Teacher Advantage’ for BYJU’S Classes – a comprehensive after-school online tutoring program. BYJU’S Classes is India’s first online tuition platform with a two-teacher model, intending to provide superior learning experiences and high-quality teaching at a large scale to improve learning outcomes.

In September 2021, Vedantu announced that it has raised $100 million in a Series E funding round headed by ABC World Asia, a Singapore-based impact investing firm. Vedantu’s market capitalization now stands at $1 billion, making it the newest EdTech business to join the unicorn club.

K12 Online Tutoring Market Segmentation:

By Type

  • Primary School
  • Pre-Kindergarten
  • Junior High School
  • Kindergarten
  • High School

By Applications

  • English Courses
  • STEM Courses
  • Other Language Courses
  • Other Courses

Customized Report: https://introspectivemarketresearch.com/custom-research/14709

For this report, Introspective Market Research has segmented the K12 Online Tutoring Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Turkey
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Vietnam
    • Thailand
    • Rest of Asia-Pacific
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Iran
    • Rest of MEA
  • Latin America
    • Brazil
    • Argentina
    • Rest of LATAM

Scope of the Report:

The report encompasses the entire analysis of market size in previous years for major segments and countries, as well as future estimates. The K12 Online Tutoring Market study looks deeply into the worldwide market’s competitive landscape. The study also provides the names of key market players and the methods they used to gain a dominant position in the industry. It also includes useful market insights, dynamics and factors, and market analysis techniques such as PESTEL analysis, PORTER’s Five Forces analysis, value chain analysis, SWOT analysis, BCG matrix, and Ansoff matrix.

Purchase the Report: https://introspectivemarketresearch.com/checkout/?user=1&_sid=14709

Check out more related studies published by Introspective Market Research:

Global Online Classroom Market By Type ( Cloud, On-premises ), By Application ( Application A, Application B, Application C ), By Region and Key Companies – Industry Analysis, Size, Share, Growth, Trends and Forecast 2021 – 2025

Global K-12 International Schools Market Size, Share and Trends Analysis Report By Product, Technology, Component, Application, Region, And Segment Forecasts 2021 – 2025

Global Online K 12 Education Market by Solution, Services, Application, and Region – Global Forecast to 2025

Online K-8 Education Market 2021 – Global Analysis and Forecasts by Type, Application, Regions, Trends, Growth and Market Size

Online Exam Proctoring Market Size, By Type (Live Online Proctoring, Record And Review Proctoring, AI-Based or Automated Proctoring), End-Users (Schools And Universities, Enterprises, Government), And Region Global Market Analysis, And Forecast 2021- 2027

 

Massive Open Online Course Market 2021 – Global Analysis and Forecasts by Type ( Implementation, Training, Support, Consulting ), Application ( Application A, Application B, Application C ), Regions, Trends, Growth and Market Size

Global Online Paid Knowledge Market by Service Type, Application, Deployment Model, Vertical, and Region – Global Forecast to 2025

About us:

Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

Contact us:

Introspective Market Research

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Chicago, Illinois

60616 USA

Ph no: +1-773-382-1047

Email : [email protected]

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