Overview and Scope
Online tutoring is the tutoring process in a digital, interactive, or connected environment wherein teachers and students are in different geographical locations. Online tutoring services can also help students who need instant homework help. Online tutoring offers a unique and individualized learning experience.
Sizing and Forecast
The online tutoring market size has grown rapidly in recent years. It will grow from $9.68 billion in 2023 to $11.15 billion in 2024 at a compound annual growth rate (CAGR) of 15.2%. The growth in the historic period can be attributed to globalization of education, increased academic competition, busy lifestyles and time constraints, customized learning paths, access to specialized expertise.
The online tutoring market size is expected to see rapid growth in the next few years. It will grow to $20.07 billion in 2028 at a compound annual growth rate (CAGR) of 15.8%. The growth in the forecast period can be attributed to continued emphasis on academic excellence, remote learning and hybrid education models, rise in homeschooling practices, global skill development initiatives, adaptation to individual learning styles. Major trends in the forecast period include data-driven personalization, emergence of ai-powered tutors, flexible scheduling and accessibility, parental involvement features, integration with e-learning platforms.
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The online tutoring market covered in this report 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
Western Europe was the largest region in the online tutoring market in 2023. Asia-Pacific was the second-largest region in the global online tutoring market share. The regions covered in the online tutoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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. For example, Byju’s, an India-based educational technology and online tutoring company, announced free live classes on its Think and Learn app and saw an increase in the number of new students using its product by 200%. Therefore, the increasing demand for e-learning is expected to drive the growth of the online tutoring market.
Key Industry Players
Major companies operating in the online tutoring market report are Beijing Magic Ears Technology Co. Ltd., Pearson plc, New Oriental Education & Technology Group Inc., China Distance Education Holdings Ltd., TAL Education Group, Think and Learn Pvt. Ltd., Chegg Inc., Wyzant Inc., Varsity Tutors LLC, Club Z Inc., Skillshare Inc., GradeStack Learning Pvt. Ltd., Simplilearn Solutions Pvt. Ltd., Cambly Inc., Teachable Inc., Preply Inc., Ambow Education Holding Ltd., Khan Academy Inc., iTutorGroup Inc., Tutor Eye Inc., ArborBridge Inc., Vedantu Innovations Pvt. Ltd., TutStu Education, Thought Co., Fleet Education Services Ltd., Structured Tutoring, On-demand Tutoring, Qkids Teacher, TutorMe LLC., Tabtor Math Inc.
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. Global Online Tutoring Market Size and Growth
…..
32. Global Online Tutoring Market Competitive Benchmarking
33. Global Online Tutoring Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Online Tutoring Market
35. Online Tutoring Market Future Outlook and Potential Analysis
36. Appendix
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