The Market Research company GIA (Global Industry Analysts, Inc.) published a study on Private Tutoring Monday October 25th, stating in the accompanying press release that the global market for Private Tutoring is projected to reach US$102.8 billion by 2018.
Citing the growth as driven by favorable demographic factors and the adoption of new technologies in various educational practices. Rising student enrollments, intense competition among students, lack of teaching staff at schools, and outdated school infrastructural facilities, and the need to excel in competitive exams, particularly in Asian countries, is driving parents to seek services of Private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.
Based on GIA figures, the United States, Europe, and Asia-Pacific (notably Hong Kong, Japan, Singapore, South Korea, and China) are responsible for more than 90% of the global private tutoring market. As noted in the GIA report, the private tutoring market in tutoring-crazed South Korea alone is projected to reach $13.9 billion — roughly 15% of the entire market — by the end of 2012. In addition, India is leading the way in online tutoring by offering professional linguistic and academic coaching capabilities at an affordable cost.
The United States is catching up; in 2011, the U.S. federal government invested $134 million into private enrichment programs for low-income students and parents too are becoming increasingly concerned with the failure of the public school systems to educate their children to global standards.
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