According to research report tilted ‘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,  valued at USD 242.43 Billion in 2020, is anticipated to expand at a robust y-o-y growth rate during 2021-2026.
 

As per the report findings, rising burden of test preparation, technological advancements in education sector, along with developing cognizance and increasing initiatives about after school tutoring are propelling Asia K-12 after school training (AST) market growth. Long-term socio-economic forces also play a major role in driving the profitability of this business sphere.
 

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Notaby, after-school tutoring industry depends on mainstream education system and does not function as an independent educational activity, unlike private-school sector. This tutoring practice is now a common phenomenon in across several countries, regardless of size, economic development, political institutions, or geographical location, including developing countries, which appears to be highest in East Asian countries.
 

Explicating restraints, the anticipated future waves of COVID-19 virus may disrupt school operations and semester schedules in China and other parts of Asia, forcing all education providers to tackle operational issues in terms of supplying online courses and effective services to students as well as tutors. Further, any decline in effective income from after-school tutoring as a result of worsening economy still influenced by pandemic may reduce demand for education services or induce pricing pressure on education services. According to the geographical analysis, China is expected to lead Asia after school training (AST) industry over the forecast timeline. India, Singapore, Japan, Malaysia, and Philippines are the other major contributors to the regional industry growth. Considering competitive aspect, Vedantu, Puxin Limited, China Distance Education Holdings Limited, TAL Education Group, Koolearn Technology Holding Ltd., Byju's, China Online Education Group, GSX Techedu Inc., OneSmart International Education Group Limited, China Beststudy Education Group, RISE Education Cayman Ltd., and New Oriental Education and Technology Group are the leading companies influencing Asia K-12 after school training (AST) industry trends. Many children in rural and urban areas are benefitting from economical, efficient after-school tutoring, and academic study material delivered via various platforms by these companies. In addition to providing such quality services, these market players have also acquired and collaborated with other regional businesses to broaden their portfolios and expand geographic reach.