According to the research report titled ‘Private Tutoring Market Size By Type (Curriculum-Based Learning, Test Preparation), By Mode (Online and Offline), By End User (K-12 Students, Higher Education), By Payment Model (Subscription-Based and Pay Per Hour), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global private tutoring market is anticipated to garner substantial returns by the year 2027.

Sudden surge in preference for online and remote private tutoring services during the COVID-19 pandemic, and a sudden shift toward online education are the major growth stimulants for private tutoring market.

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Furthermore, the rapid increase in the demand for distance learning, alongside focus on developing dependable academic technology and online education infrastructure have augmented the industry outlook in the recent years.

Growing efforts by companies for technological integration in order to gain a competitive advantage is further anticipated to bolster the market trends.

However, high costs limit use in developing countries, which along with slow internet connection and poor network may stifle the business sphere in the forthcoming years.

Based on payment model, the marketplace is divided into pay per hour, and subscription based. In terms of type terrain, the industry is bifurcated into test preparation, and curriculum-based learning. On the basis of mode, the marketplace is split into online, and offline. With respect to end-user scope, worldwide private tutoring industry is branched into higher education and K-12 students.

Regionally, Latin American market is expected to grow at a rapid pace throughout the assessment period, owing to increasing awareness about the importance of education among people in the region.

Meanwhile, Middle East & Africa industry is anticipated to grow rapidly during the forecast period, on account of rising parental spending on advanced courses in the region.

The key players in global private tutoring market are Wyzant, Vedanta Innovations Pvt. Ltd., Varsity Tutors, TutorMe, TAL Education Group, Skooli, Revolution Prep, Preply, Pearson plc, Khan Academy, Kaplan Inc., John Wiley & Sons Inc., iTutorGroup, eTutor Home Online Pvt. Ltd., Club Z Inc., Chegg Inc., and BYJU'S.