Need to Achieve Academic Excellence Drives Demand for Private Tutoring, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Private Tutoring markets. Global market for Private Tutoring is projected to reach US$102.8 billion by 2018, driven by favorable demographic factors and the adoption of new technologies in various educational practices. Rising student enrolments, intense competition among students, lack of teaching staff at schools, and outdated school infrastructural facilities, and the need to excel in competitive exams, particularly in Asian countries, is driving parents to seek services of Private Tutors.

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Private Tutoring: A Global Strategic Business Report

San Jose, CA (PRWEB) October 25, 2012

Follow us on LinkedIn – Private tutoring is a key constituent of the global education industry, with growth primarily attributed to the inability of the standard education system to address the unique needs of each student. As a result, parents are being driven to seek additional support for their children’s academic achievements. The trend is omnipresent even in low income countries of Asia. While private tutoring services can boost grades of weak students, it also provides additional support to the academically brighter lot. With the global economy on the road to a slow yet steady recovery from the recession and subsequent economic uncertainty, tutoring is one area that is expected to continue offering promising opportunities in the years to come. The expanding under 18 years population offers potential for tutoring companies in subjects at middle, high, and elementary levels of school education. In particular, tutoring companies with expertise or experience in managing children with learning disabilities or ADD or ADHD hold an edge in the market. Private tutoring also benefits from the fact that it is no longer an option only for students with failing academic records. In fact, tutoring is being sought after by children to manage advanced courses, enhance skills for taking various competitive tests, and achieve high GPA scores.

The global economy experienced one of the worst recessions of all times tough in recent times, driving almost all industries to slash budgets, layoff employees, and close unnecessary operations. Even educational institutions faced the impact of recession with several teachers losing jobs, as managements downsized operations due to budgetary cut backs. However, private tutoring is one industry that remained relatively insulated amidst the economic upheavals, largely due to the enormous significance placed by society and parents on scholastic achievement that ensured steady growth even during the crisis period. Volatile economic conditions and budget cutbacks proved to be a blessing in disguise for private tutoring industry. For instance, in view of the budget constraints, the US government allowed states to grant waivers from complying with the No Child Left Behind (NCLB) regulation, leading private tutors to benefit as schools contracted with tutoring companies for offering tutoring services to students. In view of the budgetary restrictions, private tutoring has taken over the onus of providing holistic education, which was earlier a domain of public education, with parents increasingly relying on tutors for thorough understanding of the concepts and betterment of grades.

As stated by the new market research report on Private Tutoring, Asia-Pacific is a thriving regional market for private tutoring services with demand booming from East Asian countries such as China, South Korea, Singapore and Hong Kong. This is because in most East Asian countries, it is essential to crack competitive entrances for gaining admission into professional courses at the graduate and post-graduate levels. Rising standards of living, increasing household wealth, enhanced emphasis on education, and strong Government support to education for economically-backward families are all fuelling demand for private tuitions. On the other hand, in several countries across the European Union (EU) and the US, private tutoring services face stiff criticism from regional Governments. This is because of the potential ethical risks of encouraging commercialization, competition, and choice in education sector. In the US, potential growth opportunities for tutoring companies emerge from the increasing competition among students to gain admission into leading public schools. Growth is also expected from after-school programs, as budgets cuts have forced several school districts to enter into contracts with non-profit and private companies for providing parent-funded after school learning programs.

Home tutoring is emerging as a major trend in the private tutoring market. This is because not every child fits in the school environment with few succumbing to the stressful, competitive education. For such students, home tutors offer assistance in preparing for exams. Qualified tutors with expertise in multiple educational subjects are capable of integrating learning into every aspect of a student's life, and giving personal attention to the specific needs of students. Home tuitions also offers benefits to families that undertake extensive international travel. In such households, the opportunity for a child to learn about various cultures outweighs the cost of hiring a private tutor. Furthermore, home schooling is comparatively cheaper and could be personalized as per the student's personality and family's environment and lifestyle.

Major players profiled in the report include A+ Tutoring, Building Educated Leaders For Life, Club Z! Tutoring Services, Daekyo Co. Ltd., Educomp Solutions Ltd., Fleet Tutors, Huntington Learning Centers Inc., JEI Learning Centers, Kaplan Inc., Kids 'R' Kids International Inc., Kumon, Learn It Systems, LearningRx, Mathnasium LLC, Megastudy Co. Ltd., Rocket Learning Inc., Supreme Evaluations Inc., Sylvan Learning Inc., The Princeton Review Inc., Tutor Doctor, Tutor.com Inc., 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 comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections across geographic markets such as the US, Canada, Japan, Europe, Asia Pacific 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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