Private Tuition Centers Case Study
Flourishing private tuition centres, necessity or desire?
• The size of the private tuition centre industry
• The factors for increased demand for private tuition centers
• How is growing population of attending schools and colleges and increased expenditure on education is supporting the industry?
Tuition centres or cram or preparatory schools have become an integral and ineradicable part of the education system in the world, more so for several Asian nations. While tutoring was solely for slow learners, but intense peer competition placed the private tuition centre industry in the mainstream. Hence, most parents are spending huge sums of money every year to provide the best possible education to their kids and preparing them for the stiff …show more content…
This contributes to enhanced spending on services such as tutoring, test preparation, educational assessment, and technological integration. In Japan, Jukus (cram schools) have been operating since the 1970s and parents send their 2 to 3-year old children for learning prior to the attainment of the formal education. China’s private tutoring industry is USD 60 billion enterprise for K-12 with 162 million students in primary and secondary levels, while in South Korea tutoring is USD 20 billion per year industry. In Singapore, the contemporary tuition industry is worth more than a billion of dollars annually, which is almost double the $650 million spent in 2004. In addition, major developing regions like Brazil and Eastern European nations are witnessing the growth in private tutoring …show more content…
(GIA), the global private tutoring market, encompassing all educational levels as well as vocational and language schools is already a multi-billion-dollar industry. GIA published a forecast (September 2016) and mentioned that the global market for private tutoring services will reach USD 227 billion (2022). This is more than double since its last report’s (published in 2012) projection of USD 102.8 billion (2018). The global private tutoring industry is set to grow at a CAGR of 6.76% (2016-20). Hence, based on the GIA’s figures, the United States, Europe, and Asia-Pacific regions accounted for more than 90% of the market share in global tutoring. Addedly, among this Asia-Pacific is led by China, Hong Kong, South Korea, Japan and Singapore and together occupy a dominant share of 58.7% with a revenue of USD 51 billion (2020). These territories will also lead to an anticipated CAGR of 10.2%, which is significantly higher than the growth rate of the industry. Similarly, tutoring crazy South Korea alone is projected to have 15% in the global market, while India is leading in online tutoring at affordable
• The size of the private tuition centre industry
• The factors for increased demand for private tuition centers
• How is growing population of attending schools and colleges and increased expenditure on education is supporting the industry?
Tuition centres or cram or preparatory schools have become an integral and ineradicable part of the education system in the world, more so for several Asian nations. While tutoring was solely for slow learners, but intense peer competition placed the private tuition centre industry in the mainstream. Hence, most parents are spending huge sums of money every year to provide the best possible education to their kids and preparing them for the stiff …show more content…
This contributes to enhanced spending on services such as tutoring, test preparation, educational assessment, and technological integration. In Japan, Jukus (cram schools) have been operating since the 1970s and parents send their 2 to 3-year old children for learning prior to the attainment of the formal education. China’s private tutoring industry is USD 60 billion enterprise for K-12 with 162 million students in primary and secondary levels, while in South Korea tutoring is USD 20 billion per year industry. In Singapore, the contemporary tuition industry is worth more than a billion of dollars annually, which is almost double the $650 million spent in 2004. In addition, major developing regions like Brazil and Eastern European nations are witnessing the growth in private tutoring …show more content…
(GIA), the global private tutoring market, encompassing all educational levels as well as vocational and language schools is already a multi-billion-dollar industry. GIA published a forecast (September 2016) and mentioned that the global market for private tutoring services will reach USD 227 billion (2022). This is more than double since its last report’s (published in 2012) projection of USD 102.8 billion (2018). The global private tutoring industry is set to grow at a CAGR of 6.76% (2016-20). Hence, based on the GIA’s figures, the United States, Europe, and Asia-Pacific regions accounted for more than 90% of the market share in global tutoring. Addedly, among this Asia-Pacific is led by China, Hong Kong, South Korea, Japan and Singapore and together occupy a dominant share of 58.7% with a revenue of USD 51 billion (2020). These territories will also lead to an anticipated CAGR of 10.2%, which is significantly higher than the growth rate of the industry. Similarly, tutoring crazy South Korea alone is projected to have 15% in the global market, while India is leading in online tutoring at affordable