As cited by the research report titled ‘Asia K-12 after school training (AST) Market (2021 Edition) - Analysis By Grade (1-5, 6- 9, 10-12), Application, Type, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, Asia K-12 after school training (AST) market was remunerated at USD 242.43 billion in 2020 and is estimated to expand significantly over 2021-2026.
 

Technological advancements in education space, increasing pressure of test preparation, and growing awareness & initiatives related to after school tutoring are the major factors driving Asia K-12 after school training (AST) market growth. In addition, long-term socioeconomic factors are positively swaying the business scenario as well, mainly in developing economies.
 

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On the downside, the COVID-19 outbreak has disrupted the school operations in many parts of Asia, with many educational institutions facing challenges in offering online courses. This is likely to impede the market progression over the projected timeline.
 

For the record, after school tutoring industry is different from the private-school sector as it only depends on the mainstream education system and cannot sustain as an independent educational activity.
 

Based on grade, Asia K-12 after school training industry is segmented into 1-5, 6- 9, and 10-12. Considering the application range, the marketplace is divided into English and subject specific. Speaking of type, the business space is bifurcated into online and offline.
 

On the regional frame of reference, China, India, Singapore, Japan, Philippines, Malaysia, are claimed to be lucrative growth avenues for the Asia K-12 after school training (AST) industry. Among these, experts cite that China market is anticipated to garner significant returns over the projected timeline.
 

Prominent players swaying the industry trends are Vedantu Innovations Pvt. Ltd., Byju's, Puxin Ltd., RISE Education Cayman Ltd., China Beststudy Education Group, China Distance Education Holdings Limited, OneSmart International Education Group Limited, GSX Techedu Inc., China Online Education Group, Koolearn Technology Holding Ltd., TAL Education Group, and New Oriental Education & Technology Group Inc.
 

These companies are making use of innovative technologies to provide affordable and efficient after school tutoring and academic study material through various platform for many students residing in rural as well as urban areas. These players are also acquiring and collaborating with other leading players in the region for their portfolio development and geographical expansion, which in turn could add traction to the overall market size.