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Global Private Tutoring Market Report 2022-2026: Growing Emphasis on STEM Education Continues to Drive Growth

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Dublin, May 17, 2022 (GLOBE NEWSWIRE) — The “Private Tutoring – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Global Private Tutoring Market to Reach $201.8 Billion by 2026

Amid the COVID-19 crisis, the global market for Private Tutoring estimated at US$123.8 Billion in the year 2020, is projected to reach a revised size of US$201.8 Billion by 2026, growing at a CAGR of 8.4% over the analysis period.

Ever-rising population, increasing need for education, growing number of schools, colleges, and universities, and subsequent rise in student admissions across the world and growing competition and need to excel continue to drive the demand for private tutoring.

Continuous developments is also being witnessed in the areas of adult learning, as seen in the increased participation and diversification of tertiary education as well as wider prevalence of attaining education through distance learning. Rising employment opportunities in the high-tech, manufacturing, and medical sectors are resulting in growing demand for certification courses.

With the entry of numerous private schools, there has been an increase in competition among schools to improve academic performance, as a result of which there is strong demand for private tutoring. A growing number of schools are investing in e-learning tools and technologies to enhance their teaching experience.

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Blended, one of the segments analyzed in the report, is projected to record 4.4% CAGR and reach US$81 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Online segment is readjusted to a revised 11.5% CAGR for the next 7-year period.

Online tutoring is emerging as a popular form of private tuitions for students across the world, largely due to the convenience and multi-utility features of the medium. The increasing number of nuclear households and growing number of dual income families implies that parents find little time to spend on their children`s education.

The need for supplemental education is also increasing in view of the intensifying competition faced by students in gaining entrance into schools and colleges of their choice. Also, the COVID-19 pandemic resulted in unprecedented surge in adoption of online/ remote classes. Parents are increasingly turning to online tutors to keep their children motivated and help them get one-on-one attention.

The U.S. Market is Estimated at $24.9 Billion in 2021, While China is Forecast to Reach $56.5 Billion by 2026

The Private Tutoring market in the U.S. is estimated at US$24.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$56.5 Billion by the year 2026 trailing a CAGR of 10.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 6.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.4% CAGR.

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Popularity of supplementary education is on rise in both advanced as well as developing countries. In most countries competitive entrance examinations are critical for gaining admission into leading universities and colleges. Another factor driving the private tutoring industry is the growing student population in schools and colleges and lack of adequate funding and teaching staff, especially in in developing countries, which compels students to seek additional knowledge and competence through private tuitions.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

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  • Impact of Covid-19 and a Looming Global Recession
  • Changing Face of Education Amid COVID-19
  • Number of Students Impacted by COVID-19 in Select Countries: June 2020
  • Number of Students Impacted by COVID-19 in Select Countries: Feb2020-Mar2020
  • School Closures Amid COVID-19 Prompt Boom in Online Private Tutoring
  • Number of Online Educational Users in China: December 2016 – March 2020
  • Remote Learning during COVID-19 Emerges as Promising Trend in Video Conferencing Market
  • Influencer Market Insights
  • World Market Trajectories
  • Private Tutoring – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Private Tutoring: A Prelude
  • Benefits of Private Tutoring
  • Concerns and Issues
  • Global Education Sector: Key Statistics
  • Outlook
  • Factors Influencing Private Tutoring
  • Online Tutoring Emerges as Popular form of Private Tuitions
  • Challenges Faced by Online Tutoring
  • Competition
  • Recent Industry Activity
  • World Brands

2. FOCUS ON SELECT PLAYERS (Total 100 Featured)

  • Ambow Education Holding Ltd.
  • A Plus-All Subjects Tutoring, Inc.
  • Building Educated Leaders For Life
  • C2 Education Centers, Inc.
  • Chegg, Inc.
  • Club Z!, Inc.
  • Daekyo Co., Ltd.
  • Educomp Solutions Ltd.
  • Fleet Education Services Limited
  • Huntington Learning Centers, Inc.
  • JEI Learning Centers
  • Kaplan, Inc.
  • Kumon Institute of Education Co., Ltd.
  • Mandarin House
  • Mathnasium LLC
  • New Oriental Education and Technology Group
  • Sylvan Learning Inc.
  • The Princeton Review
  • TAL Education Group
  • Tutor Doctor
  • Tutor.com, Inc.
  • TutorMe.com, Inc.
  • Tutoring Club, Inc.
  • Tutors in China
  • Varsity Tutors LLC
  • Xueda Education Group
  • ZGS Bildungs-GmbH

3. MARKET TRENDS & DRIVERS

  • Private Tutoring Industry Continues to Attract Investors
  • Growing Emphasis on STEM Education Continues to Drive Growth
  • Growing Competition to Excel in Entrance Examination Continues Drive Demand for Private Tutoring
  • Growing Student Population Benefits Online Tutoring
  • Burgeoning World Student Population Expands the Addressable Market Opportunity for e-Learning Technologies
  • Growing Demand for Private Tutoring for Language Learning
  • Technology Advancements in the Private Tutoring Space
  • New Intelligent Tutoring Systems Developed through AI
  • Advances in Artificial Intelligence Drives Adaptive and Personalized eLearning
  • Commercialization of AI Technology Boosts Use of AI in e-Learning
  • M-Tutoring: An Expanding Platform
  • Location Agnostic Interactive and Synchronous Learning Accelerates the Shift Towards Web Conferencing in Education Sector
  • As Physical Classes Become Virtual Amid the Pandemic, Remote Education Pushes Reliance on High Speed Internet
  • Bandwidth: An Important Prerequisite for Online Education
  • Planning for More Robust Connectivity in the Coming Era of eLearning to Spur Opportunities for FTTH
  • 5G Technology to Boost adoption
  • Breakdown of Network Latency (in Milliseconds) by Network Type
  • Covid-19: An Inflection Point for Online Education
  • Favorable Demographics Strengthen Growth in the Private Tutoring Sector

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/uuotc1

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Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.

The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development. 
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference. 
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
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CGTN: China honors individuals with highest awards in celebration of 75th National Day

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.

The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
 

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Kazakhstan Government Delegation Visited SUPCON

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HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.

The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
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