According to research findings, the private tutoring market size reached 92.59 billion USD in 2020. The COVID-19 pandemic has had a staggering impact on different sectors globally. The studies also project that the industry will grow to around 171.93 billion USD in 2028. The research attributes the growth to the rising awareness of the importance of education in life. Subjects like sciences and mathematics are regarded as more important because they help students build careers. This means that as an online tutor, your salary is dependent on the weight given to your subject.
It is also a common trend for average students to seek extra coaching for concepts they did not understand to pass their exams. It is such factors that have increased the demand for private tutoring services. Students are looking for more tailored learning environments to address their specific needs.
Social Distancing Requirements Boost Online Learning
The emergence of the COVID-19 pandemic led to the shutting down of schools globally. The education sector was negatively affected by the pandemic. The closure of schools led to an increase in the demand for online private classes. This trend led to the rise in the need for online tutors. Experts also suggest that the industry will grow further in the near future.
At the moment, most of the learning activities are happening online. The online learning platforms are run by schools or the private sector, and sometimes individual entrepreneurs. Since the online boom, plenty of multilingual people have taken to teaching students the world over from their living room, and depending on subject, earning up to $50 per hour.
Ed-Tech Is an Emerging Trend
More students globally are shifting to online tutoring platforms. Organizations offering online subscriptions have become trendy of late. Thanks to technology, you can create subject-related content innovatively. Online learning is more enjoyable when you use 3D colored diagrams, animations, and flashcards.
Education experts argue that the innovations in online learning make students more interested in the subject. This has led to an increasing number of students looking for online learning solutions. The private tutoring sector is set to benefit immensely from technology-based shadow education services.
Factors Driving the Growth of Private Tutoring Market
Competition among students is on the rise. The best schools and universities only accept the best students. For example, most top schools have strict recruitment criteria requiring students to pass tough entrance exams and English tests. If you are an online tutor wondering how you will find students, you can start by looking for those preparing to take these exams.
Recent studies revealed that up to 43% of students had received private tutoring apart from their regular school learning in 2018. According to the research, the demand was highest in China, where 55% of students had been tutored privately.
The research attributed the rise of the demand for private tutoring to several factors. Examples include parents who want their children to get the highest academic ranks. Some parents feel their children are not performing well in particular subjects hence get them private help. Some students go for private tutoring because of the influence from classmates or siblings who have attended the classes.
In a nutshell, increasing awareness of the importance of education, increased expectations from parents, and the ever-growing prevalence of competition have significantly boosted the need for private tutoring services. These factors have also affected the average salary of online tutors.
Factors Restraining Private Tutoring
Studies claim that many parents feel fees for private tutors are high. This makes this form of learning inaccessible to students from humble backgrounds. For instance, the best tutors usually have a formal teaching qualification and tutoring experience. These factors make the tutors’ services a bit costly.
Another restraining factor is conflicting tutoring approaches. The school teacher and the coaching class teacher might use different teaching methods leading to student confusion.
Private Tutoring Market Segmentation
You can segment the private tutoring market by subject. The market can be divided into academic and non-academic subjects. Experts claim that the academic subjects segment is likely to spearhead the industry’s growth as more students look for additional classes to learn complex subjects.
Studies on online tutors’ pay revealed that tutors of advanced subject areas tend to get the highest income. The research also revealed that mathematics was the most common privately coached subject, with up to 66% of students having private mathematics tutors.
The private tutoring market can also be segmented by mode – there are online and offline modes. The COVID-19 pandemic and technological innovations have made the online mode the most preferred. Research findings show that up to 84% of students prefer online tutoring because it is more effective.
Tutors can record lessons and make them available online, making it easier for students to search for them later. Therefore, the future of online tutoring is bright. If you are a master of specific subjects, you can find out how many hours you can teach per week and get started.
Final Thought
The private tutoring market will continue the upward trend. If you are talented in particular subjects, you can start offering private tutoring services. If you don’t know the best way to find students, sign up as a tutor on online tutoring platforms and begin helping students globally.
