LONDON–(BUSINESS WIRE)–Technavio has been monitoring the private tutoring market in US and it is poised to grow by USD 6.26 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Chegg Inc., Club Z! Inc., Growing Stars Inc., Huntington Mark LLC, John Wiley & Sons Inc., MindLaunch Coaching, Pearson Plc, Sylvan Learning LLC, Varsity Tutors LLC, and Wyzant Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Emphasis on STEM education has been instrumental in driving the growth of the market. However, the availability of open-source material might hamper market growth.
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Private tutoring market in US 2020-2024: Segmentation
Private tutoring market in US is segmented as below:
- Curriculum-based Learning
- Test Preparation
- Online Learning
- Blended Learning
Private tutoring market in US 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The private tutoring market in US report covers the following areas:
- Private tutoring market in US Size
- Private tutoring market in US Trends
- Private tutoring market in US Industry Analysis
This study identifies increasing emphasis on microlearning as one of the prime reasons driving the Private tutoring market growth in US during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Private tutoring market in US 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist private tutoring market growth in US during the next five years
- Estimation of the private tutoring market size in US and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the private tutoring market in US
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of private tutoring market vendors in US
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- 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
- Curriculum-based learning – Market size and forecast 2019-2024
- Test preparation – Market size and forecast 2019-2024
- Market opportunity by Type
Market Segmentation by Learning method
- Market segments
- Comparison by Learning method
- Online learning – Market size and forecast 2019-2024
- Blended learning – Market size and forecast 2019-2024
- Market opportunity by Learning method
Volume Drivers- Demand led growth
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Chegg Inc.
- Club Z! Inc.
- Growing Stars Inc.
- Huntington Mark LLC
- John Wiley & Sons Inc.
- MindLaunch Coaching
- Pearson Plc
- Sylvan Learning LLC
- Varsity Tutors LLC
- Wyzant Inc.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.