According to 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 Market Study Report, Asia K-12 after school training (AST) market was worth USD 242.43 billion during the year 2020 and is slated to record notable growth over the assessment period 2021-2026.
 

As per the report findings, increasing pressure regarding test preparation as well as technological advancements in education sector are the major factors propelling Asia K-12 after school training (AST) industry growth.
 

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Additionally, long term socioeconomic factors in East Asian countries in consort with rising awareness and initiatives for after school tutoring are propelling the demand for the solution, hence bolstering the industry outlook over 2021-2026.
 

For the unversed, after school tutoring sector is distinguished from the private-school vertical as its existence is dependent on the mainstream education system, and it is incapable of standing alone as an independent educational activity.
 

The nationwide lockdowns imposed during the COVID-19 pandemic have disrupted normal schooling activities in China and several other East Asian countries, leading education providers to resort to conduct online classes. Operational challenges faced while offering online courses, and difficulties in providing effective services to students as well as tutors may lead to a reduction in effective income and inhibit the market growth trajectory over the upcoming years.
 

Based on grade type, Asia K-12 after school training (AST) industry is classified into 1-5, 6-9, and 10-12. By application ambit, the market fragmentation comprises subject specific, and English segments, whereas by solution type, the business vertical is split into online and offline variants.
 

From a regional frame of reference, the research literature deems China, India, Singapore, Japan, Malaysia, and Philippines to be major contributors to industry revenue. Among these, China industry is slated to witness remarkable growth over the next 5 years.
 

Prominent players in Asia K-12 after school training (AST) marketplace include Vedantu Innovations Pvt. Ltd., Think and Learn Pvt. Ltd. (BYJU’s), Puxin Ltd., Rise Education Cayman Ltd., China Beststudy Education Group, China Distance Education Holdings Ltd., OneSmart International Education Group Ltd., Gaotu Techedu Inc., China Online Education Group, Koolearn Technology Holding Ltd., Tal Education Group, and New Oriental Education & Technology Group Inc.