Private Tutoring Market: In The Media
Private tutoring, or supplemental education, is on the rise. In fact, it is growing by leaps and bounds and it is now the fastest growing segment in the education industry! Todays parents are turning increasingly to after-school tutors to supplement their children's regular school program or to compete for competitive university entrances.
The rise of tutoring could appear to be a reflection of the decline of public education, but it could also reflect the big drive of parents to have their children succeed in education. CNN reported that Korean parents spend as much money on tutoring as American parents spend on video games.
Educational franchises continue to make the grade according to international franchise "Best of" annual reviews. In Entrepreneur Magazine's "Franchise 500" list of 2014, the quintessential measurement of the franchise environment, supplemental education ranked in the top 20 and in the top 100 spots. It's been called a "revolution" and a "cultural shift", in the fields of education -- definitely not a fad.
Market conditions for private tutoring or supplemental education are very positive with steady year-to-year growth. The overall market size in 2013 was $15.26 billion, an increase of 3.5% compared to 2012. Moreover, the sales growth estimate for 2014 was 6.3%.
A leading market research firm has forecasted that the global market for private tutoring will reach $128 billion by 2020! And, Tutor Doctor -- the fastest-growing in-home private tutoring franchise in the world -- is poised for significant growth in 2015!
“This is an exciting time in our brand’s history – expanding across the world, entering new markets and opening our 400th milestone territory,” said Frank Milner, President of Tutor Doctor. “As the education landscape continues to evolve, our franchise is fulfilling the high consumer demand for convenient and effective private tutoring services with a unique, customized approach to teaching. Our focus has been on targeting key markets for expansion where we are committed to finding the right partners to grow our brand and positively impact the lives’ of our students.”
Tutor Doctor Franchise Reviews
As one of the fastest growing education franchises in the world, Tutor Doctor continues to be noted and awarded for its many accomplishments through local and national media. Our buzz is spreading far and wide!
We invite you to check out our videos, news articles, blogs, and Tutor Doctor franchise reviews! Come back regularly as we continue to update these pages!