Private Tutoring Market in US Will Showcase Positive Impact During 2020-2024 | Emphasis on STEM Education to Boost the Market Growth
Technavio has been monitoring the private tutoring market in US and it is poised to grow by USD 6.26 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Private Tutoring Market in US 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Chegg Inc., Club Z! Inc., Growing Stars Inc., Huntington Mark LLC, John Wiley & Sons Inc., MindLaunch Coaching, Pearson Plc, Sylvan Learning LLC, Varsity Tutors LLC, and Wyzant Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Emphasis on STEM education has been instrumental in driving the growth of the market. However, the availability of open-source material might hamper market growth.
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