Global Online K-12 Education Market Forecast 2017 to 2022
The global K-12 online tutoring market is anticipated to grow rapidly and will post a CAGR of close to 12% during the forecast period. The increasing demand for international education will drive the growth prospects for the global K-12 online tutoring market until the end of 2022.
One of the key drivers contributing to this rising demand is the emergence of international schools with consistent enrollments from both local and expatriate population. the rise in income level of individuals has encouraged them to impart better www.technavio.com/industries/education to their children.Furthermore, with the increasing demand for assessments from private and international schools, the trend for tutoring support for subject-based learning will also increase.
The assessment segment accounts for the maximum market share in 2017 and will continue to dominate the market until the end of 2022. High reliance on standardized examination system at national and institutional level across geographies drives the demand for online tutoring in this segment.
The global K-12 online tutoring market is highly fragmented and competitive due to the presence of many regional and international players across the globe. The market is majorly dominated by regional players; as a result of which, large organizations are increasingly focusing on M&A strategies to penetrate the market.
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