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Academic Tutoring and Customized Learning Market to Grow by USD 16.57 Million (2024-2028) as K-12 Demand for Personalized Learning Rises, AI Impact on Market Trends Report – Technavio

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NEW YORK, Oct. 31, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global academic tutoring and customized learning programs market size is estimated to grow by USD 16.57 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 10.8% during the forecast period. Increased demand for personalized learning programs from K-12 is driving market growth, with a trend towards integration of AI in academic tutoring and customized learning programs. However, data security and privacy concerns of end-users poses a challenge.Key market players include Action Learning Associates ltd, Action Tutoring, Ambow Education Holding Ltd., ArborBridge, Club Z Inc., Course Leap, D2L Inc., Daekyo Co. Ltd., DreamBox Learning Inc., Imagine Learning LLC, Kaplan Inc., Kumon North America Inc., Mathnasium LLC, ScootPad Corp., Stride Inc., Sylvan Learning LLC, Think and Learn Pvt. Ltd., Tutors International Ltd., Varsity Tutors LLC, and Vedantu Innovations Pvt. Ltd.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (K-12 and Post K-12), Method (Offline and Online), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

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

Key companies profiled

Action Learning Associates ltd, Action Tutoring, Ambow Education Holding Ltd., ArborBridge, Club Z Inc., Course Leap, D2L Inc., Daekyo Co. Ltd., DreamBox Learning Inc., Imagine Learning LLC, Kaplan Inc., Kumon North America Inc., Mathnasium LLC, ScootPad Corp., Stride Inc., Sylvan Learning LLC, Think and Learn Pvt. Ltd., Tutors International Ltd., Varsity Tutors LLC, and Vedantu Innovations Pvt. Ltd.

Key Market Trends Fueling Growth

The academic tutoring and customized learning programs market is experiencing a substantial shift with the incorporation of artificial intelligence (AI). This trend is fueled by the rising preference for personalized learning experiences and the requirement for data-driven instructional methods. Noteworthy progress includes the integration of AI-powered reading assistants in educational systems. For instance, the Louisiana Department of Education (LDOE) plans to introduce an AI-driven reading assistant to around 100,000 students across 25 school districts by the end of 2024. This initiative, spanning the next two academic years, aims to enhance reading proficiency by equipping teachers with comprehensive student performance reports. These reports provide insights at the phoneme level, empowering educators to customize instruction based on accurate data. Similarly, major tech companies are contributing to this trend. In January 2024, Microsoft launched Reading Coach, an AI-enabled tool offering personalized reading practice. Accessible for free to anyone with a Microsoft account, Reading Coach extends the functionality of Reading Progress, an AI feature within Microsoft Teams for education. This tool assists students in improving reading fluency by identifying challenging words and providing resources like text-to-speech, syllable division, and picture dictionaries. These features facilitate self-directed and individualized practice, catering to the unique requirements of each learner. The application of AI in academic tutoring and customized learning programs holds the potential to revolutionize education. By utilizing AI, educators can access real-time, granular data that informs their teaching strategies, ultimately contributing to enhanced student achievements. As AI technology continues to advance, its role in education is anticipated to expand, providing even more sophisticated tools for personalized learning and academic assistance. This development underscores the growing significance of AI in creating adaptive, efficient, and effective educational ecosystems. 

Parents are increasingly seeking academic tutoring for their children who are struggling in school. Professional tutoring provides personalized attention and a supportive environment, addressing individual learning abilities and behavioral factors. This customized learning experience focuses on study skills, passion for learning, and academic performance through one-on-one connect. The program enhances critical reasoning, study habits, work ethics, responsibility, self-esteem, motivation, and communication skills. It caters to high performing students as well as those with learning difficulties. Customized programs offer self-paced learning, addressing learning styles and work habits in a positive workspace. This individualized attention leads to improved subject comprehension, confidence, and success in tests and assignments. 

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Market Challenges

The academic tutoring and customized learning programs market faces significant challenges related to data security and privacy. These concerns have gained prominence due to recent incidents and regulatory actions. For instance, the Florida Department of Education raised concerns about an online tutoring and homework services provider’s Chinese ownership, advising educational institutions to avoid contracts with companies linked to foreign countries of concern. This directive underscores the importance of data protection compliance. Another example is the Chegg data breach in November 2022, which exposed the data of 40 million users, including sensitive information. The Federal Trade Commission accused Chegg of careless cybersecurity practices, highlighting the need for data protection measures in educational technology platforms. To mitigate risks and ensure user data safety, the global academic tutoring and customized learning programs market must invest in advanced cybersecurity measures, adopt best practices for data protection, and prioritize regular security audits, employee training, and stringent access controls. Addressing data security and privacy challenges is essential for maintaining user trust and ensuring the long-term viability of digital educational solutions.The Academic Tutoring and Customized Learning Programs market addresses various challenges students face in their academic journey. These include critical reasoning, study habits, academic performance, tests, assignments, and learning difficulties. Customized programs offer individualized attention, addressing each student’s unique learning style and pace. They help build work ethics, responsibility, self-esteem, motivation, and critical thinking skills. High performing students also benefit from one-on-one connect, improving communication skills, social skills, and relationships. For students facing learning obstacles, these programs offer a positive workspace, promoting independence and problem-solving abilities. Customized learning programs offer dynamic assessment, interactive and fun learning experiences, organization tips, and college preparation, ensuring students’ success in their academic endeavors.

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Segment Overview 

This academic tutoring and customized learning programs market report extensively covers market segmentation by

End-user 1.1 K-121.2 Post K-12Method 2.1 Offline2.2 OnlineGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 K-12- The K-12 segment in the global academic tutoring and customized learning programs market is experiencing notable growth, with the integration of AI-driven platforms becoming a significant trend. One such development is the introduction of Prediqt.ai by Thinkster Math in August 2024. This AI-powered knowledge acceleration platform caters specifically to K-12 students, offering an affordable solution amidst tight educational budgets. Prediqt.ai sets itself apart by providing personalized learning experiences and high-dosage tutoring, leading to measurable student improvement. The platform offers customized recommendations for each student, explaining the reasoning behind these suggestions. This transparency builds trust and confidence among educators and parents. By understanding the rationale behind each recommendation, teachers can better support students’ unique learning paths. The K-12 market is driven by the demand for effective and adaptable learning solutions. Prediqt.ai addresses this need by utilizing advanced AI technologies to deliver customized educational experiences. This approach enhances learning outcomes and provides a scalable solution suitable for various educational settings. The integration of AI in the K-12 segment of the academic tutoring and customized learning programs market is transforming educational quality and accessibility. Platforms like Prediqt.ai are leading the way by focusing on personalized learning and transparent decision-making, setting new standards for educational excellence. The K-12 market is on the brink of substantial growth and innovation during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

Academic tutoring and customized learning programs offer struggling children the opportunity to receive personalized attention and a supportive environment to enhance their academic performance. These programs cater to individual learning abilities and behavioral factors, providing a customized learning experience that goes beyond the classroom setup. With a passion for learning, professional tutors help students improve study skills, work ethics, responsibility, self-esteem, motivation, critical thinking, problem-solving, and social skills. Through one-on-one instruction, students receive individual attention to address specific academic challenges, enabling them to excel in critical reasoning, study habits, and tests and assignments. High performing students also benefit from these programs, as they can further develop their problem-solving and critical thinking abilities. Overall, academic tutoring and customized learning programs create a nurturing environment that fosters a love for learning and prepares students for success in school and beyond.

Market Research Overview

Academic tutoring and customized learning programs offer struggling children a personalized learning experience tailored to their individual needs and learning abilities. These programs provide one-on-one attention, allowing for the development of essential study skills, critical reasoning, problem-solving, and critical thinking abilities. The supportive environment fosters self-esteem, motivation, and a passion for learning. Customized programs address learning difficulties and behavioral factors, ensuring high performing students and those with learning obstacles receive the necessary support. With a focus on individualized attention, these programs cater to each child’s unique learning style and work habits, enabling self-paced learning and organization tips. Professional tutoring offers a positive workspace, promoting independence and the development of essential work ethics, responsibility, and communication skills. Interactive learning methods create fun and engaging experiences, enhancing relationships and social skills. Dynamic assessment and customized programs cater to the needs of each student, ensuring academic success and subject comprehension.

Table of Contents:

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

End-userK-12Post K-12MethodOfflineOnlineGeographyAPACNorth AmericaEuropeSouth 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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Tabono Capital Announces Strategic Partnership with Invesco to Deliver Enhanced Investment Solutions for UHNW Clients

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SINGAPORE, Nov. 26, 2024 /PRNewswire/ — Tabono Capital today has announced a strategic partnership with Invesco that enhances investment solutions for ultra-high-net-worth clients.

Tabono Capital, a multi-family office based in Singapore, collaborates with Invesco, a global investment management leader with over US$1.7 trillion in assets under management. This partnership merges Invesco’s institutional-grade investment expertise, cutting-edge portfolio solutions, and comprehensive research capabilities with Tabono Capital’s strong relationships with ultra-high-net-worth (UHNW) families across the Asia Pacific and Middle East regions.

This collaboration enables Tabono Capital’s clients to benefit from the extensive resources and scale of Invesco’s capabilities. For Invesco, the partnership provides enhanced access to sophisticated investors in key growth markets.

Key elements of the partnership include:

Implementation and construction of model portfolios and asset allocation frameworksAccess to institutional-grade investment research and comprehensive market insights for UHNW clientsKnowledge sharing and collaboration on market intelligence and investor insights

Nirish Unni, CEO & Co-Founder of Tabono Capital, emphasized the significance of the partnership: “This partnership represents a significant milestone in our growth strategy. By leveraging Invesco’s world-class investment research and asset allocation capabilities, we can provide our clients with institutional-grade investment solutions while maintaining the personalized service they expect from a boutique multi-family office.”

Santosh Rao, Co-Founder and Chief Revenue Officer of Tabono Capital, added: “Our clients increasingly seek institutional-quality investment solutions with global reach. This collaboration with Invesco allows us to deliver exactly that, while maintaining our personalised approach to client service. Together, we will create portfolios designed to capture opportunities in key global markets while effectively managing risk.”

Christopher Hamilton, Asia Pacific Head of Client Solutions for Invesco, stated: “We’re proud to partner with Tabono Capital to bring our industry-leading offerings and capabilities to Asia’s expanding family office and UHNW segment. This is a compelling platform for investors to access comprehensive strategies that can help them meet their financial goals.”

About Tabono Capital

Tabono Capital is a multi-family office headquartered in Singapore, licensed by the Monetary Authority of Singapore (MAS) to provide Fund Management services. Co-founded by industry veterans and former private wealth managers Nirish Unni and Santosh Rao, the firm caters to ultra-high-net-worth families across the Asia Pacific and MENA regions, offering comprehensive wealth management and family office solutions. For more information, visit https://tabonocapital.com

Contact: team@tabonocapital.com

About Invesco

Invesco Ltd. (NYSE: IVZ) is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. With offices in more than 20 countries, our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. For more information, visit www.invesco.com/corporate.

Logo: https://mma.prnewswire.com/media/2566576/Tabono_Capital_Logo.jpg

 

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RedDrop Wins the $1 Million Dollar Grand Prize from Pharrell Williams’ Black Ambition to Empower Period Care Innovation in Teen-Focused Wellness

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ATLANTA, Nov. 25, 2024 /PRNewswire/ — RedDrop, a rising star in the wellness industry for its innovative period care products for tweens, is proud to announce that it won the $1 Million Dollar Grand Prize from Black Ambition.

In 2020, Pharrell Williams founded the non-profit organization Black Ambition to support Black and Hispanic Entrepreneurs to fuel future founders. This year celebrates its 4th Annual Black Ambition Demo Day, where over 250 guests gathered to hear eight finalists’ pitches and celebrate the brilliance of Black and Hispanic entrepreneurs. The event was supported by Visa, Comcast, Lennar Foundation, Louis Vuitton and Adidas. The panel of four judges, which included Lisa Price, Founder of Carol’s Daughter; Pinky Cole, Founder of Slutty Vegan; Matt Story, Vice President, Global Brand Integrated Marketing at Visa; and Erik Moore, Founder & Managing Director, Base Ventures determined the top winners to an enthusiastic audience.

As one of the few brands chosen for this highly competitive program, RedDrop will benefit from Black Ambition’s extensive mentorship network, funding, and resources to amplify Black and Hispanic founders and their brands. With a focus on providing personalized wellness solutions and empowering tween girls, RedDrop is excited to partner with industry leaders to scale its impact and reach new audiences. 

“We’re beyond thrilled to be the grand prize winners of this year’s Black Ambition Prize Competition! Having $1 million to invest in our business is life-changing and will give us opportunities to grow and continue to impact our community,” said Dr. Monica Williams, Co-Founder and CEO of RedDrop. “And while the prize money is great, the mentorship and network provided by Black Ambition is priceless and will allow us to open doors that were previously closed and to start building our own table so we can invite others to have a seat.”

One of Black Ambition’s key initiatives is to encourage and support Black and Hispanic founders with funding, mentorship, and network support as each founder develops their footprint in their industries. Black Ambition has awarded over $2.7 million to 30 trailblazing founders across AI, Consumer Products and Services, Healthcare, Media & Entertainment, and Tech. In addition to the $1 Million grand prize, RedDrop will have access to industry veterans, office hours with investors and senior leaders, exclusive invitations to retail partnership meetings, wellness and executive coaching, and more for the next six months. 

Through access to industry veterans, strategic insights, and capital support, RedDrop is poised to take its mission to new heights while promoting wellness solutions that resonate with diverse and underrepresented communities. RedDrop’s inclusion in the Black Ambition network marks a significant milestone in the company’s journey to revolutionize how tween girls connect with wellness products that align with their unique needs and values.

To connect and learn more about RedDrop, please visit www.tryreddrop.com. Follow us on  Instagram (@reddrop), Facebook (@reddropco), Youtube (@tryreddrop), X (@reddrop) and TikTok (@reddropco) to stay up to date with us.

About RedDrop
RedDrop is a wellness brand committed to creating inclusive and innovative period products for tween girls to feel their best during their new stage of life. With a focus on properly sized period products and education-backed solutions, RedDrop is revolutionizing the way consumers approach health, wellness, and self-care.

Media Contact
Sterling Jones
Marketing and Communications Specialist
media@reddrop.co
www.tryreddrop.com

Photos: Getty ImagesJason MendezBlack Ambition

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Chaaat.io to Release Bookingz, a Booking Personal Assistant to Streamline Appointment Scheduling

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HONG KONG, Nov. 26, 2024 /PRNewswire/ — Chaaat.io, an emerging leader in providing user-friendly tools for customer acquisition, engagement, and retention, is excited to announce the launch of its latest feature: Bookingz.

Designed to deliver a seamless booking experience, Bookingz allows users to schedule appointments entirely through WhatsApp. This launch arrives at a time when businesses and individuals are increasingly seeking efficient ways to interact with customers on platforms they use daily, as communication channels like email are dwindling in performance. WhatsApp, with its 2 billion active users, has become a central communication hub for both individuals and businesses. Bookingz enables businesses of all sizes to offer efficient, convenient appointment booking directly through WhatsApp.

Simplifying Making Bookings

Bookingz transforms the customer journey in several key ways. Businesses that sign up with Bookingz can send a WhatsApp link to their customers, who can then experience a fully streamlined booking process that stays within WhatsApp, eliminating the friction of switching between apps or websites.

Bookingz manages the process on behalf of the business, eliminating the need for the business owner or representative to tediously go back and forth suggesting availabilities. Users can simply request availabilities and then confirm a booking, all from the safety of WhatsApp.

Bookingz also delivers a much higher click-through and booking rate than email. The platform leverages WhatsApp’s high open rates – roughly 80-90%, compared to the meager 5% standard open rates offered by email, to send reminders and follow-ups that customers are more likely to see, ensuring appointments are top-of-mind and helping avoid no-shows and last-minute cancellations.

Keeping things in one place

Beyond streamlining the booking process, Bookingz enhances customer engagement by staying within the familiar and trusted space of WhatsApp. This user experience approach increases booking rates by reducing the enormous friction that business owners will see with alternative booking solutions that force customers to download apps, sign up and/or log in.

End users can make a booking with businesses by sending a WhatsApp message, with the assistant guiding them through each step in real time. Whether booking an appointment, scheduling a consultation, or arranging a meeting, customers can request and secure bookings without leaving the app. For businesses, this user-friendly design requires no technical skills and can be launched with just a few clicks.

The Future of Customer Interaction

With the launch of Bookingz, Chaaat.io is setting a new standard for customer engagement and service. By simplifying the process of offering booking services through WhatsApp, Chaaat.io is reshaping the accessibility of booking automation. This democratization of business tools allows even the smallest companies to leverage advanced features and deliver exceptional customer experiences.

As businesses prioritize customer experience and seek personalized, convenient interactions, Chaaat.io‘s innovations are poised to influence how SMEs communicate with customers around the world. Bookingz is just one of many Chaaat.io features designed to help companies strengthen customer relationships, enhance engagement, and drive revenue growth.

In today’s evolving digital landscape, tools like Bookingz are essential for any modern, customer-focused business to keep up with modern customer behavior.

For more information or to join the wait list, contact James Hogan at support@chaaat.io

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