Insights Into The Exam Preparation And Tutoring Market’s Growth Opportunities Through 2023-2032 – Includes Exam Preparation And Tutoring Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The growing demand for distance-learning courses is likely to spur innovation in test preparation and tutoring manufacturing, propelling the market throughout the forecast period.
The global exam preparation and tutoring market is expected to grow from $66.12 billion in 2022 to $70.67 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The global exam preparation and tutoring market size is expected to reach $87.78 billion in 2027 at a CAGR of 5.6%.
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Global Exam Preparation And Tutoring Market Segments Include:
- By Tutoring Type: Structured Tutoring, On-demand Tutoring
- By Tutoring Style: Test Preparation Service, Subject Tutoring Service
- By Course Duration: Test Preparation Service, Subject Tutoring Service
- By End-User: K-12 (Schools), Higher Education (College Or Universities), Corporate Or Professional Training
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global exam preparation and tutoring market in 2021.
Major Market Players in the exam preparation and tutoring market include Chegg Inc., Tutor.com Inc., Wyzant Inc., Ambow Education Holding Ltd., TakeLessons, Varsity Tutors, Preply Inc., ArborBridge Inc., BenchPrep, Mathnasium, Tutor Doctor.
Technological developments are a prevalent trend in the exam preparation and coaching sector. Companies in the test preparation and tutoring sector are introducing new technology to generate novel goods in order to maintain their market position. Vedantu, an India-based teaching platform specialising in academic tutoring services, for example, unveiled the Whiteboard Audio Video Environment (W.A.V.E. 2.0), a technologically enhanced online learning platform, in March 2022. The W.A.V.E. platform employs artificial intelligence and machine learning to assess over a hundred criteria in real time, resulting in increased student engagement, teaching effectiveness, and learning outcomes. Face recognition, content analysis, whiteboard usage analysis, verbal interaction analysis, doubt analysis, tone analysis, sentiment analysis, and other advanced techniques are used to deliver accurate insights. The proprietary technology, according to the company, is expected to totally revolutionise the learning process and performance evaluation.
The Exam Preparation And Tutoring Global Market Report 2023 provides a exam preparation and tutoring market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The exam preparation and tutoring market forecast analyzes exam preparation and tutoring market size, exam preparation and tutoring market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Exam preparation and tutoring refer to the act of teaching or instructing a student in order to improve their performance by following a standardised set of instructions. These are used to promote critical thinking skills, confidence, and topic comprehension. Tutoring provides students with one-on-one attention and a tailored learning environment.
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