The Online Tutoring Global Market Report 2023 by The Business Research Company, provides online tutoring market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Online Tutoring Global Market Report 2023, the market size grew from $8.36 billion in 2022 to $9.68 billion in 2023 at a compound annual growth rate (CAGR) of 15.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the online tutoring is expected to grow from $17.12 billion in 2027 at a CAGR of 15.3%.
The increasing demand for e-learning due to the impact of COVID-19 is driving the growth of the online tutoring market. COVID-19 has resulted in the closure of schools around the world. As a result, education has changed dramatically, with a marked rise in e-learning and online tutoring taking place remotely and through online platforms.
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The online tutoring market is segmented:
1) By Type: STEM Courses, Language Courses, Other Courses
2) By Application: K-12, College Students, In-Service Education, Other Applications
3) By Sales Channel Types: Private Coaching, International Organizations And Associations, Educational Institutes, Other Channels
Companies in the online tutoring market are increasingly investing in trends such as gamification for better user engagement. Gamification in e-learning and online tutoring is expected to inspire a game-like reaction and engagement among learners. This results in improved information retention, motivation, and increased productivity. For instance, in June 2020, Byju’s, an India-based educational technology and online tutoring company, introduced Disney BYJU’S Early Learn app for Android and iOS, which involves gamification strategies. Other online tutoring companies such as Class Dojo and rainscape have also invested in gamification.
The online tutoring market report table of contents includes:
1. Executive Summary
2. Online Tutoring Market Characteristics
3. Online Tutoring Market Trends And Strategies
4. Online Tutoring Market – Macro Economic Scenario
5. Online Tutoring Market Size And Growth
………………..
26. Africa Online Tutoring Market
27. Online Tutoring Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Online Tutoring Market
29. Online Tutoring Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
Vedantu Innovations Pvt. Ltd.
China Distance Education Holdings Ltd.
Chegg
BYJU’S
Embibe
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