EPO may reach $2.4 Billion within 3 years
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EPO may be the next big thing to Indian outsourcing story
Education Process Outsourcing(EPO) Business opportunity came in because of a law called No child left behind act. The law aims to improve the performance of students and cut federal aid ( US govt gives 12 billion $ in aid to schools) to schools with poor results.
The problem is about 40% of seventh grade students fail in maths and english. Schools in order to improve performance goes to tutors and supplemental education service providers like tutor.com , esylvan.com who charge about 40$- 100$ a hour. The same work if outsourced can be done at much cheaper cost.Careerlauncher and Educomp Datamatics first spotted the opportunity.Both follow different business models. Careerlaucher sub-contract work from SES providers where as Educomp directly approaches schools to get tutor services outsourced to them.EMR estimates the k-12 market size of tutoring business around $8 billion of which online tutoring is around 2.7 Billion $ India now earns around 15 million USD per year from online tutoring –10 per cent of the total market share. "This is expected to swell to 2.4 billion USD within three years", says Ganesh of Tutorvista with expressindia
The bigger challenge is to train tutors understand the psychology of an American kid(quite complex), what say??
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