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K-12 Online Tutoring Market size is set to grow by USD 122.2 billion from 2024-2028, Growing importance of stem education to boost the market growth, Technavio

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NEW YORK, June 26, 2024 /PRNewswire/ — The global K-12 online tutoring market  size is estimated to grow by USD 122.2 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  13.58%  during the forecast period.  Growing importance of stem education is driving market growth, with a trend towards emergence of learning via mobile devices. However, threat from open tutoring resources and private tutors  poses a challenge. Key market players include Ambow Education Holding Ltd., ArborBridge Inc., Chegg Inc., China Distance Education Holdings Ltd., Club Z Inc., D2L Inc., Fleet Education Services Ltd., Franchise Group Inc., Growing Stars Inc., Instructure Holdings Inc., iTutorGroup Inc., John Wiley and Sons Inc., New Oriental Education and Technology Group Inc., Nuevo Agora Centro De Estudios SL, Pearson Plc, Stride Inc., TAL Education Group, Think and Learn Pvt. Ltd., Toppr Technologies Pvt. Ltd., and Vedantu Innovations Pvt. Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Structured tutoring and On-demand tutoring), Courses (Assessments and Subjects), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

Ambow Education Holding Ltd., ArborBridge Inc., Chegg Inc., China Distance Education Holdings Ltd., Club Z Inc., D2L Inc., Fleet Education Services Ltd., Franchise Group Inc., Growing Stars Inc., Instructure Holdings Inc., iTutorGroup Inc., John Wiley and Sons Inc., New Oriental Education and Technology Group Inc., Nuevo Agora Centro De Estudios SL, Pearson Plc, Stride Inc., TAL Education Group, Think and Learn Pvt. Ltd., Toppr Technologies Pvt. Ltd., and Vedantu Innovations Pvt. Ltd.

Key Market Trends Fueling Growth

In the K-12 online tutoring market, mobile devices have become essential tools for learning. Institutions are adopting smartphones and tablets for personalized and flexible education. Students use these devices for content access, lectures, alerts, and other educational activities. The growing awareness and availability of tech-savvy students have mainstreamed mobile devices in education. Vendors focus on creating mobile-accessible K-12 online learning content. This trend towards mobile learning positively impacts the K-12 online tutoring market. 

The K-12 online tutoring market is experiencing significant growth with the increasing trend towards remote learning. Online tutoring services provide students with personalized instruction from the comfort of their homes. The use of technology such as video conferencing and interactive whiteboards enables real-time interaction between students and tutors. The demand for online tutoring centers has surged due to the pandemic, with many schools adopting virtual classrooms. The tutoring industry offers various subjects and levels, from math and science to language arts and test preparation. Centers provide flexible scheduling options, making it convenient for students to learn at their own pace. The future of online tutoring looks promising, with advancements in technology and the continued need for personalized instruction. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The K-12 online tutoring market faces competition from free open-source tutors and private tutors. Consumers prefer these options due to personalized attention and flexible pacing. Online tutoring vendors like Ambow Education and iTutorGroup offer instructional programs for a fee, but the high cost of private tutoring is a significant draw. These alternatives may hinder the growth of the K-12 online tutoring market during the forecast period.The K-12 online tutoring market is experiencing significant growth, with an increasing number of students turning to digital learning solutions. However, this market also faces several challenges. One major challenge is ensuring effective student engagement and interaction in a virtual learning environment. Another challenge is providing personalized instruction to meet the unique needs of each student. Additionally, ensuring the security and privacy of student data is a critical concern. Furthermore, the reliability and consistency of internet connectivity can impact the quality of online tutoring services. Lastly, affordability remains a significant barrier for many families, particularly those in lower-income households. Addressing these challenges will be crucial for the continued success and growth of the K-12 online tutoring market.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This k-12 online tutoring market report extensively covers market segmentation by

Type 1.1 Structured tutoring1.2 On-demand tutoringCourses 2.1 Assessments2.2 SubjectsGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Structured tutoring-  The K-12 online tutoring market offers structured subscription packages ranging from USD40 to USD120 per month. These plans ensure the availability of consistent tutors and improve student-tutor understanding. Vendors also provide access to reputed schools’ tutors through private online schools. Initiatives like free trials boost student confidence and drive growth in the segment. Monthly plans start at USD15 for 30 minutes a week, with robust support teams and specialized instruction opportunities.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

In the K-12 online tutoring market, smart devices have become essential tools for delivering multimedia resources in a virtual learning environment. Microlearning through videos, audio, infographics, text, and other formats caters to diverse learning preferences and time constraints. Kindergarten to high school teachers leverage personalized learning platforms to provide an interactive learning experience, addressing academic performance issues and learning gaps. Technology-driven individualized advice based on K12 curriculum and teaching techniques enhances standardized test scores. Digital learning platforms offer a wide range of multimedia resources, ensuring a passive yet engaging educational journey for students.

Market Research Overview

The K-12 Online Tutoring Market refers to the provision of educational support through digital platforms for students in kindergarten to twelfth grade. This market has gained significant traction in recent times due to the convenience it offers, especially in the wake of the global health crisis. The virtual learning environment enables students to access quality education from anywhere, anytime. The use of technology in teaching and learning has led to personalized instruction, real-time feedback, and interactive sessions. The curriculum covers various subjects, including math, language arts, science, and social studies. The market caters to diverse learning styles and abilities, making it an inclusive solution for students. The flexibility and affordability of online tutoring make it an attractive option for parents and students alike. The future of K-12 education is undeniably digital, with online tutoring playing a pivotal role in shaping the educational landscape.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeStructured TutoringOn-demand TutoringCoursesAssessmentsSubjectsGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

IGT Named FanDuel Sportsbooks’ Exclusive Retail Sports Betting Platform Provider in North America for Four Additional Years

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19 mins ago

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September 26, 2024

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IGT PlaySports and FanDuel Group team up for retail sports betting through 2028

LONDON, Sept. 26, 2024 /PRNewswire/ — International Game Technology PLC (“IGT”) (NYSE: IGT) announced today that it recently renewed a multi-year retail sports betting agreement with FanDuel, North America’s premier online gaming company and an operating unit within Flutter Entertainment plc (NYSE: FLUT). Under the terms of the agreement, IGT PlaySports™ will continue as the exclusive retail sports betting platform provider for FanDuel’s retail sportsbooks across North America for four additional years, starting September 1, 2024. IGT PlaySports and FanDuel have worked together since 2019, when FanDuel opened its first sportsbook in the U.S. at The New Meadowlands Racing & Entertainment in New Jersey.

“For more than five years, IGT PlaySports’ team and technology have helped FanDuel’s retail sportsbook operation deliver a best-in-class customer experience while helping us maintain our position as America’s #1 Sportsbook,” said Christian Genetski, FanDuel President. “Given IGT’s experience as a global land-based casino supplier, we believe it offers the experience and capabilities we needed supporting our retail locations.”

“IGT PlaySports looks forward to supporting FanDuel as its exclusive retail sports betting platform provider in North America for four additional years,” said Joe Bertolone, IGT Senior Vice President, Sports Betting. “IGT PlaySports is committed to helping our customers realize the full potential of the retail sports betting market and differentiate their products through exceptional player experience and reliable technology.”

IGT PlaySports has been FanDuel Group’s exclusive retail platform provider in the U.S. since 2020. In addition to leveraging the IGT PlaySports platform, FanDuel Sportsbooks offer players a range of self-service betting technologies including the IGT PlaySports Kiosk and IGT PlaySports Pad. IGT PlaySports technology is currently powering 27 FanDuel Sportsbooks across 20 gaming jurisdictions.

For more information, visit IGT.com, or follow IGT PlayDigital on LinkedIn.

About IGT
IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 jurisdictions around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.igt.com.

Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the “Company”) and other matters. These statements may discuss goals, intentions, and expectations as to future plans, trends, events, products and services, customer relationships, results of operations, or financial condition, or otherwise, based on current beliefs of the management of the Company as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “would,” “should,” “shall,” “continue,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or the negative or other variations of them. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the Company’s control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance, or achievements. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) the factors and risks described in the Company’s annual report on Form 20-F for the financial year ended December 31, 2023 and other documents led from time to time with the SEC, which are available on the SEC’s website at www.sec.gov and on the investor relations section of the Company’s website at www.IGT.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that affect the Company’s business. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to International Game Technology PLC, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.

Contact:
Phil O’Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452
Francesco Luti, Italian media inquiries, +39 06 5189 9184
James Hurley, Investor Relations, +1 (401) 392-7190

© 2024 IGT

IGT and IGT PLAYSPORTS are trademarks of IGT, its parent, subsidiaries, or affiliates.

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SOURCE International Game Technology PLC

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Technology

Jacobs Declares Quarterly Dividend

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19 mins ago

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September 26, 2024

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DALLAS, Sept. 26, 2024 /PRNewswire/ — The Board of Directors of Jacobs (NYSE:J) has declared a quarterly cash dividend payable to shareholders in the amount of $0.29 per share of Jacobs common stock. This dividend will be paid on Nov. 22, 2024, to shareholders of record as of the close of business on Oct. 25, 2024.

About Jacobs

At Jacobs, we’re challenging today to reinvent tomorrow by solving the world’s most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $16 billion in annual revenue and a talent force of more than 60,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and X.

For additional information contact:

Investors:
Ayan Banerjee
JacobsIR@jacobs.com

Media:
Louise White, 469.724.0810
media@jacobs.com

 

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SOURCE Jacobs

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Technology

Hawkes Outdoors, An Authority In Outdoor Adventure, Appoints Kristen Ramirez As President

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19 mins ago

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September 26, 2024

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Company Poised for Significant Growth in Overlanding, Off-Road, and Outdoor Industry

SAN ANTONIO, Sept. 26, 2024 /PRNewswire-PRWeb/ — Hawkes Outdoors (www.hawkesoutdoors.com), a leading authority in the overlanding, off-road, and outdoor adventure market, today announced the appointment of Kristen Ramirez as President. Ramirez will lead the company into its next phase of expansion and innovation, further cementing Hawkes Outdoors’ leadership in the industry.

Your Adventure. Your Terms.

Since joining the company in 2022, Kristen Ramirez has brought her expertise in customer service, sales, and retail operations to the forefront. As the company looks to continue its growth, her leadership is expected to propel Hawkes Outdoors into new markets and strengthen its position as a top-tier provider in the sector.

“Kristen brings a wealth of experience and a visionary approach that aligns perfectly with our mission,” said Brian Booker, Owner of Hawkes Outdoors. “We are excited about the future and confident that Kristen will drive our company to new heights, continuing to deliver exceptional value to our customers and partners.”

In her new role, Kristen Ramirez will oversee all aspects of the company’s operations, with a focus on expanding product offerings and enhancing customer experience. Under her leadership, Hawkes Outdoors is poised to take advantage of emerging opportunities in the overlanding, off-road, and outdoor adventure markets.

“I am honored to take on this role and look forward to leading Hawkes Outdoors into an exciting new chapter,” said Kristen Ramirez. “Together with our talented team, we will explore new opportunities for growth, enhance our offerings, and maintain our commitment to excellence.”

About Hawkes Outdoors Based in San Antonio, Texas, Hawkes Outdoors is a leading authority in the overlanding, offroad, and outdoor adventure industry, recognized for its extensive product range and outstanding customer service. The company remains dedicated to providing high-quality products and exceptional customer experiences as it continues to shape the future of outdoor adventure.

www.HawkesOutdoors.com

Media Contact

Kristen Ramirez, Hawkes Outdoors, 1 2106249195, info@hawkesoutdoors.com, https://hawkesoutdoors.com/

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SOURCE Hawkes Outdoors

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