This Online Tutoring Services Market research report contains a complete background analysis of the industry, which includes an assessment of the parental market. All the statistical and numerical that have been forecasted in this report is represented with the help of graphs, charts, or tables which makes this report more user-friendly. This Online Tutoring Services Market report contains a thorough description, competitive scenario, wide product portfolio of key vendors, and business strategy adopted by competitors along with their SWOT analysis and porter’s five force analysis. Whether it is about renewing a business plan, preparing a presentation for a key client, or giving recommendations to an executive, this Online Tutoring Services Market report will surely help you to a degree.
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In terms of revenue, global online tutoring services market was valued at US$ 77.12 Bn in 2022 and is anticipated to reach US$ 151.40 Bn in 2030, growing at a CAGR of 7.8% over the forecast period. BYJU’S, Chegg Inc., Educators Group (SchoolTutoring Academy), Growing Stars, K12 Inc., MySchoolPage, MyTutorWeb Ltd, Pearson, Skooli, Tutor.com, Tutordip, TutorEye Inc., eTutorWorld, TAL Education Group, Tutorfair Ltd., Vedantu.com., Revolution Prep., VIPKID Beijing ICP, Preply Inc., Varsity Tutors, Vnaya.com and Wyzant, Inc. amongst others.
Global Online Tutoring Services Market:
By Program Type
- Synchronous Tutoring (Live)
- Asynchronous Tutoring (Pre-Recorded)
- Subject-Based Tutoring Services – HIGHEST SHARE IN 2018
- Social Studies
- Computer Science
- Test Preparations Services
By Revenue Model
- Subscription-Based Model
- Pay-as-You-Go Model
By End Users
- Educational Institutions
- Higher Education
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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The concept of e-learning and digital education are increasingly gaining popularity. With the change in lifestyle, education sector is transforming to adapt with changing requirements of learners across the globe. In the age of internet, knowledge can be imparted to students across corners of the world. This digital transformation has revolutionized the conventional modes of physical schooling to virtual. The adoption of digital technologies by educators not only facilitates flexibility of location but also provides the advantage of conceiving knowledge at convenience. Online tutoring is a form of distant education which students can choose for availing the benefits of quality, time, location and also cost. Internet being the medium of knowledge transfer, online tutors can reach large number of students simultaneously and generate huge revenues. As per the recent data released by International Telecommunication Union (ITU) and the World Bank, more than 50% of the global population has access to internet connectivity. The vast spread of internet users coupled with the adoption of digital technologies by global population is driving the growth of online tutoring services market.
The recent outbreak of COVID-19 pandemic has forced educational institutions to shut their premises for students and has disrupted the academic routine of students worldwide. As per the recent stats unveiled by United Nations Educational, Scientific and Cultural Organization (UNESCO), a non-profit organization of United Nations, more than 70% of world student population has been affected by closure of schools in more than 180 countries due to Corona virus In order to efficiently tackle the situation, several governmental entities are undertaking measures of providing online education to masses through television or organizing online tutoring sessions. UNESCO has created a repository of platforms and sources providing online learning services.
Simultaneously, non-governmental organizations are also capitalizing on this opportunity to increase their revenue generation. For instance, an online tutoring services provider Nurturing Wisdom Tutoring has launched customized programs during the COVID-19 outbreak. Similar initiatives have been adopted by other market players across the globe thus boosting the growth of global online tutoring services market.
Key Questions Answered with this Study
1) What makes Online Tutoring Services Market feasible for long term investment?
2) Know value chain areas where players can create value?
3) Teritorry that may see steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for product/services?
5) What opportunity emerging territory would offer to established and new entrants in Online Tutoring Services market?
6) Risk side analysis connected with service providers?
7) How influencing factors driving the demand of Online Tutoring Services in next few years?
8) What is the impact analysis of various factors in the Online Tutoring Services market growth?
9) What strategies of big players help them acquire share in mature market?
10) How Technology and Customer-Centric Innovation is bringing big Change in Online Tutoring Services Market?
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