According to the recent 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 value was worth USD 242.43 billion in 2020 and is estimated to witness robust growth by 2026.

The major factors fueling Asia after school training (AST) market are the widespread adoption of advanced technologies in the education vertical, increasing awareness and implementation of tutoring solutions during post-school hours, and growing pressure for test preparation.

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After school tutoring has been gaining significant traction across Asia, especially in the emerging economies. Thus, escalating expenditure on AST solutions are favoring the overall market scenario. Even the COVID-19 pandemic has deemed to be quite fruitful for the market majors, as various schools resorted to online courses given the operational challenges that stemmed from relevant lockdowns.

Asia K-12 after school training industry landscape is segmented based on grade type, application scope, type, and country-level analysis. By grade type, the segment is further bifurcated into 1-5, 6-9, and 10-12 segments. In terms of application scope, the market is split into subject specific and English.

The type segment is divided into an online and offline segments.

Moving forward the country-level analysis, Asia K-12 after school training marketplace involves China, India, Singapore, Malaysia, Japan, and Philippines. Among these, China is predicted to be the fastest growing market during forecast duration.

The leading companies operating in Asia K-12 after school training industry vertical are RISE Education Cayman Ltd., TAL Education Group, Byju’s, Vedantu, Puxin Ltd., China Beststudy Education Group, GSX Techedu Inc., China Distance Education Holdings Ltd., OneSmart International Education Group Ltd., China Online Education Group, New Oriental Education and Technology Group, and Koolearn Technology Holding Ltd.