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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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Hong Kong Top 5 “Across-the-Border Hotpot”

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HONG KONG, Nov. 1, 2024 /PRNewswire/ — Hotpot is a popular option in Hong Kong. In recent years, brands from mainland China, Singapore, and Taiwan have entered, providing diverse flavors. To highlight the most talked-about brands, DailyView analyzed online data from the past three months across Hong Kong and Macau, showcasing the top five popular hotpot spots.

Data Source: “DailyView Hong Kong” uses KEYPO.ai to track discussions across over 20,000 news websites, social media, forums, and blogs in Hong Kong and Macau, measuring popularity by the volume of posts and comments.

No.1 Rododo Hongkong (1,972 mentions)
This Taiwanese hotpot brand offers large portions and great value, becoming a favorite among Hong Kong diners. Known for hearty portions and high-quality meats like U.S. beef, Australian lamb, and Wagyu, it serves meat lovers with flair. Highlights include a birthday “meat cake” layered with various meats and a self-serve sauce bar to customize flavors. The unique features have made Rododo the most-discussed brand.
Customer feedback: “Perfect spot to satisfy a meat craving!”

No.2 Haidilao Hongkong  (1,620 mentions)
Haidilao is famous for its high-standard customer service, providing perks like free manicures, phone charging, and snacks while waiting. Specialty broths like spicy Sichuan, tomato, and mushroom cater to different tastes, and their noodle-pulling performance adds fun to the dining experience.
Customer feedback: “Enjoying five-star service while having hotpot!”

No.3 Beauty In The Pot (1,220 mentions)
From Singapore, Beauty In The Pot promotes a beauty-enhancing hotpot experience. Popular items include the collagen-boosting “Beauty Broth” and a range of health-oriented broths with ingredients from Sichuan, Taiwan, and Japan. The restaurant’s soft pink decor creates a cozy atmosphere, ideal for friend gatherings or dates.
Customer feedback: “Healthy, beauty-boosting broths with no guilt!”

No.4 Coucou Hotpot‧ Tea Break (1,027 mentions)
CouCou attracts younger customers with innovative broths and special student discounts. Popular choices include spicy Sichuan and sauerkraut pork broths. The stylish decor and individual table lamps create a comfortable, private setting, making it a popular spot for couples and friends.
Customer feedback: “Can’t wait to have more hotpot here!”

No.5 Master Beef Hotpot (671 mentions)
Master Beef is renowned for its unlimited meat buffet, especially thinly sliced marbled beef that melts in your mouth. The self-service station offers a variety of fresh vegetables, tofu, and Taiwanese snacks, creating a satisfying experience for gatherings and casual meals.
Customer feedback: “Great choice for an all-you-can-eat beef feast!”

Analysis Notes:
The data for this analysis was using 《KEYPO Big Data Intelligence》, covering the period from July 14 to October 13, 2024. KEYPO, the AI-powered tool monitors over 10,000 websites monthly across Hong Kong, Macau, and Taiwan, processing over 150 billion Chinese-language data points from Facebook, YouTube, Threads, TikTok, Instagram, news outlets, forums, and blogs. The ranking reflects the discussion volume and sentiment around each topic.

CONTACT: Brenda Chang, brenda.chang@big-data.com.tw

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SOURCE DailyView Hong Kong

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NUS launches BLOCK71 Nagoya to strengthen Japan-Southeast Asia innovation exchange

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BLOCK71 Nagoya will also be the gateway for Japanese start-ups to Southeast AsiaNUS partners ENEOS Holdings, Inc. to facilitate bilateral cooperation in growing innovation and enterprise ecosystems in both countries

NAGOYA, Japan, Nov. 1, 2024 /PRNewswire/ — NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS) has launched BLOCK71 Nagoya today, marking its operational opening for start-ups. BLOCK71 Nagoya aims to create a technology-focused ecosystem connecting Japan and Southeast Asia, providing Southeast Asian start-ups with essential support to navigate Japan’s cultural and business nuances for successful expansion. At the same time, it will support Japanese start-ups to grow and scale effectively in Southeast Asia.  

Nagoya is a key hub for technology start-ups looking to expand into Southeast Asia, backed by Aichi’s strength as Japan’s manufacturing powerhouse, which is home to leading companies in automotive, aviation, and robotics. These industries provide a strong foundation for technological growth and offer valuable collaboration opportunities with established corporations.

The opening of the centre was graced by His Excellency Hideaki Omura, the Governor of Aichi Prefecture, who was joined by Professor Tan Eng Chye, NUS President; Associate Professor Benjamin Tee, Vice President (Ecosystem Building), NUS Enterprise; Professor Naoshi Sugiyama, Nagoya University President; and Mr Hirotaka Sahashi, STATION Ai Corporation President and CEO.

BLOCK71 in Japan – a bridge between Southeast Asia and Japan

BLOCK71 is a technology-focused ecosystem builder and global connector that catalyses the start-up community. It has established itself as a leading force in global entrepreneurship, with offices spanning across Southeast Asia, the United States of America, China, and now Japan. As NUS’ first BLOCK71 location in Japan, the opening of the Nagoya office marks a significant addition to this network, representing a strategic move to promote market entry for Southeast Asian ventures (see Annexe A for background on BLOCK71).

Unlike other BLOCK71 global offices that focus on incubation, BLOCK71 in Japan prioritises market launch activities due to Japan’s mature and established start-up landscape. The Japanese offices will provide Japanese start-ups with the resources and networks to expand into Southeast Asia, while enabling Southeast Asian start-ups to establish a foothold in Japan.

Japan’s strong tradition of innovation presents immense opportunities for collaboration with Southeast Asia’s dynamic start-up ecosystems. BLOCK71 Nagoya will empower Japanese corporations and start-ups by connecting them to a broad network of Southeast Asian start-ups, investors, and industry leaders, fostering partnerships that drive innovative projects and facilitate market expansion. Similarly, Southeast Asian start-ups aiming to enter the Japanese market can benefit from BLOCK71 Nagoya to connect them with key stakeholders in the local innovation ecosystem.

“BLOCK71 Nagoya is not only a launchpad for Southeast Asian start-ups entering Japan, but also a gateway for Japanese start-ups looking to break into the diverse and rapidly growing Southeast Asian markets. By leveraging BLOCK71’s vast networks and experience, we aim to provide Japanese entrepreneurs with the tools, insights, and partnerships needed to navigate these emerging economies successfully,” said Professor Tan Eng Chye, NUS President.

BLOCK71 Nagoya will prioritise establishing key business milestones, including developing the Proof of Concept (PoC), fundraising, forging contracts, and integrating within BLOCK71’s extensive global network and quality start-up pool. Additionally, BLOCK71 in Japan will not only provide physical office spaces within their partners’ coworking space in key cities, but also deploy dedicated staff across the country to identify growth opportunities for start-ups by capitalising on Japan’s multifaceted market landscape.

Collaboration with ENEOS to enhance innovation

As part of its commitment to driving innovation, NUS Enterprise has established a strategic partnership with ENEOS Holdings, Inc. (ENEOS), one of the largest energy companies in Japan, through a Memorandum of Understanding (MOU) signed on 31 October 2024.  The MOU was signed by Professor Tan Eng Chye, NUS President and Mr Toru Naganuma, General Manager, Emerging Business Development Department, ENEOS.

The collaboration aims to enhance venture-building activities for NUS start-ups by providing them with exposure to real-world industry challenges. Together, both organisations will identify promising Southeast Asian start-ups and innovative solutions that can address critical industry issues. Key focus areas include mobility, decarbonisation, the circular economy, and artificial intelligence.

In addition, this partnership enables established corporations like ENEOS to maintain competitiveness through continuous innovation in an ever-evolving global economy. Start-ups, recognised for their agility and creativity, often experiment with cutting-edge technologies and business models that can drive corporate innovation. By partnering with start-ups, ENEOS can respond more swiftly to market changes, diversify its product offerings, and penetrate new markets and customer segments. For NUS start-ups, this partnership opens up opportunities to expand into the Japanese market by addressing real-world challenges posed by ENEOS. Additionally, participating start-ups will gain valuable insights into the operations of traditional Japanese companies, enhancing their understanding of this unique market.

“The partnership between NUS Enterprise and ENEOS Holdings will leverage the strengths of our extensive BLOCK71 ecosystem and network to foster innovation and entrepreneurship. This collaboration connects our start-ups with real-world industry challenges, enhancing their ability to develop solutions that meet the evolving needs of the energy sector. By integrating the capabilities of NUS Enterprise with ENEOS’ expertise, we aim to create a vibrant ecosystem where agility and creativity drive impactful advancements. Together, we are committed to nurturing the next generation of Southeast Asian start-ups that will shape the future of sustainable energy and technology,” added Professor Tan Eng Chye, NUS President.

“Collaborating with NUS Enterprise provides ENEOS with a unique opportunity to harness the dynamic energy of Southeast Asia’s start-up ecosystem. By engaging with innovative start-ups, we can gain fresh insights and co-create solutions that address the pressing challenges in our industry. This partnership will not only enhance our ability to adapt to market changes but also position us at the forefront of sustainable energy advancements. We are eager to work alongside these visionary entrepreneurs to drive meaningful progress in the energy sector,” said Mr Miyata Tomohide, Representative Director, CEO of ENEOS.

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SOURCE NUS Enterprise

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Aker Horizons ASA: Third-quarter results 2024

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FORNEBU, Norway, Nov. 1, 2024 /PRNewswire/ — Aker Horizons ASA (OSE: AKH), a developer of green energy and industry, today announced results for the third quarter 2024. Aker Horizons’ net capital employed stood at NOK 6.1 billion, a decrease of NOK 1.0 billion from the second quarter, mainly driven by impairments in Mainstream. The company reported a cash position of NOK 3.0 billion and an undrawn credit facility of EUR 500 million, giving available liquidity of NOK 8.8 billion.

Third quarter main developments:

The JV between Aker Carbon Capture (ACC) and SLB was renamed SLB Capturi and announced its first US-based project:

SLB Capturi was awarded a FEED contract by CO280 Solutions for a large-scale carbon capture plant at a pulp and paper mill on the US Gulf Coast.The Board of Directors of ACC continues the process of determining the future strategy and structure of ACC and will communicate conclusions within Q1 2025.

Mainstream Renewable Power (Mainstream) is delivering on its pipeline in South Africa and focuses on business optimization:

The 50 MW solar project Ilikwa in South Africa reached financial close.The commercial margin of the Andes platform in Chile improved in Q3.Mainstream is streamlining its business to focus on growth in core markets South Africa, Australia and the Philippines, with continued investment in key offshore projects.

Aker Horizons Asset Development (AAD) completed a concept optimization for Narvik Green Ammonia; strong data center interest for sites in Northern Norway:

A concept optimization for the Narvik Green Ammonia project has been concluded with a decision to move the project to Lallasletta.An MoU was signed with Masdar to explore collaboration and investment opportunities in green hydrogen.Data center players are showing significant interest in Kvandal and other industrial sites in the Powered Land site portfolio.

SuperNode secured funding to advance superconducting transmission technology development:

Significant grants were secured from Irish and UK institutions to fund research & development.SuperNode opened a new Cable Technology Centre in Blyth, UK, enabling first production of superconducting cables for bulk electricity transmission

Lars P. Sørvaag Sperre, CEO of Aker Horizons, commented:

“We are pleased to see ACC and SLB Capturi reaching material milestones this quarter to enter the important US carbon capture market. Mainstream will now embark on a business plan that focuses on growth in selected core markets. This will enable Mainstream to speed up the development of projects. Furthermore, we have continued to develop and explore options for Aker Horizon’s green hydrogen projects and the Powered Land sites. It is really encouraging to see the strong interest from the data center industry around our activities in the Narvik area”.

Aker Horizons reports net capital employed to reflect a portfolio composed mainly of unlisted assets. Net capital employed includes Aker Horizons’ initial investment in the portfolio company, adjusted for any profit or loss and any additional investments, adjusted for foreign exchange fluctuations. As of the third quarter, Aker Horizons had NOK 2.4 billion net capital employed in ACC, NOK 2.8 billion in Mainstream, NOK 543 million in AAD, NOK 197 million in SuperNode and NOK 242 million in other assets.

The Q3 2024 presentation is attached.

Aker Horizons’ CEO Lars P. Sørvaag Sperre and CFO Kristoffer Dahlberg, and Mainstream’s CEO Mary Quaney will present the main developments in the third quarter 2024 today at 08:30 CEST, followed by a Q&A session. The presentation, which is open to all, will be held in English and will be webcast on Aker Horizons’ website:

https://akerhorizons.com/investors 

For further information, please contact:

Stian Andreassen, Investor Relations, tel: +47 41 64 31 07, email: stian.andreassen@akerhorizons.com 

Mats Ektvedt, Media, tel: +47 41 42 33 28, email: mats.ektvedt@corporatecommunications.no 

About Aker Horizons

Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and hydrogen and develops industrial-scale decarbonization projects. As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Across its portfolio, the company is present on five continents. www.akerhorizons.com 

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements in Regulation EU 596/2014 and the Norwegian Securities Trading Act § 5-12. This stock exchange announcement was published by Mats Ektvedt, Partner in Corporate Communications, on 1 November 2024 at 07:00 CET.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/aker-horizons/r/aker-horizons-asa–third-quarter-results-2024,c4059993

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