LONDON--(BUSINESS WIRE)--The global private tutoring market is projected to surpass $100 billion by the year 2017, according to a report available on companiesandmarkets.com.
Private Tutoring: A Global Strategic Business Report
http://www.companiesandmarkets.com/Market-Report/private-tutoring-a-global-strategic-business-report-617857.asp?prk=7c4ed5b510c1ffe12b50d9829eddaba2
Asia-Pacific, Europe and the US account for the majority of revenues in the global private tutoring market. Private tutoring is a thriving industry in Asia-Pacific, particularly in Hong Kong, Japan, Singapore, South Korea, India, and China.
The demand for private tuitions in several of these 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 compel students to seek additional knowledge and competence through private tuitions. The increase in school tests and scholarship exams proves to be beneficial for small tutoring services providers. In addition, major developing countries such as Brazil and several Eastern Europe countries are witnessing rapid growth of private tutoring market.
In the United States, the growing significance of the private tutoring market 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.
Major players profiled in the report include Club Z! Tutoring Services, Daekyo Co., Educomp Solutions, Huntington Learning Centers, JEI Corporation, Kaplan., Kids R Kids, Kumon, LearningRx, Mathnasium, The Princeton Review, Sylvan Learning, Tutoring Club, TutorVista Global, and Woongjin Thinkbig Co.
The research report titled Private Tutoring: A Global Strategic Business Report 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.