III. Industry Analysis
Over most of the past five years, the Tutoring industry has experienced steadily increasing revenue. Tutoring services have grown rapidly, capitalizing on government funds and strong economic growth.
Industry revenue is projected to continue to experience steady growth as disposable income rises and growth opportunities, especially within the online market, present themselves. Revenue will also likely be bolstered by the increasing number of students enrolling in discretionary services.
An increase in the number of total students over the next five years is also expected to positively affect industry demand. Many parents have started to use tutoring to help their children get ahead academically. Consequently, the enrollment of younger students is expected to increase. This is an expanding market for the industry and will likely provide a platform for growth over the next five years.