Social Competition Continues to Play a Key Role in Driving the Global Private Tutoring Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Private Tutoring market. Growing emphasis on education, rising standards of living and household wealth, together with strong federal/governmental educational support offered to economically backward families, have all played instrumental roles in making private tutoring affordable, and easily accessible to most classes of society. Growth in the private tutoring market is led by intensifying competition in academic space and growing desire of parents to secure children’s future through supplemental education.

Private Tutoring: A Global Strategic Business Report

Follow us on LinkedIn – The global private tutoring market continues to register growth despite the adverse economic environment, which is an indication of the enormous significance placed by society on scholastic achievement. Moreover, private tutoring has emerged as one of the critical areas providing employment to retrenched educators who are seeking alternative sources of employment. Further, shortage of regular teachers, particularly in the K-12 grades, is driving parents towards supplemental education. Private tutoring is adopted primarily by high-achievers, and well-off parents desiring their children to perform well in examinations, and also by the social competition. Though the economic slowdown is likely to lead to a reduction in tutoring charges, the industry is expected to continue posting growth, as parents are unlikely to compromise on children’s education. Parents consider tutoring as a non-discretionary fixed expense, and hence continue to pay for tuitions. Further, aging school infrastructure, shortage of teaching staff, and rising student enrollments are enhancing the need for additional educational services, which is being partly addressed by private tutors.

As stated by the new market research report on Private Tutoring, Asia-Pacific is the largest regional market. Private tutoring is a thriving industry across Asia-Pacific region, particularly in East Asian countries of Hong Kong, Singapore, South Korea, and China. Demand for private tuitions in several Asian countries is driven by the fact that competitive entrance examinations are critical for gaining admission into leading universities and colleges. Lack of adequate funding for public schools and education systems in developing countries also compels students to pursue additional knowledge and competence through private tuitions. In some EU countries, over 50% of school children receive private tuition. Over the past few years, the scale of tutoring has grown considerably in countries such as France, Austria, Germany, Belgium, and the UK. In the United States, the growing significance of private tutoring is driven by the increasing adoption of new technologies in various educational practices and the Federal government’s No Child Left Behind (NCLB) Act offering supplemental educational services, which contributed to enhanced spending on services such as tutoring, test preparation, educational assessment, and technology integration.

Apart from the presence of established players such as Fleet Tutors and Kumon, private tutoring market has also witnessed the emergence of low cost service providers that offer online tuitions. Private tutoring companies are also rapidly spreading their wings into the pre-school segment, as against the earlier trend when such services were largely limited to school age children and undergraduates. Major players profiled in the report include Club Z! Tutoring Services, Daekyo Co. Ltd., Educomp Solutions Ltd., Huntington Learning Centers Inc., JEI Corporation, Kaplan Inc., Kids R Kids, Kumon, LearningRx, Mathnasium LLC, The Princeton Review Inc., Sylvan Learning, Tutoring Club Inc., TutorVista Global Pvt. Ltd., and Woongjin Thinkbig Co Ltd.

The research report titled “Private Tutoring: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a strategic review of industry, key market trends, recent product launches, strategic corporate initiatives, and profiles of key market participants. The report provides annual sales estimates and projections for the following geographic markets - US, Europe, Asia-Pacific, Latin America, and Rest of World.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Private_Tutoring_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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