The Global Online Tutoring Services Market is estimated to witness a rise in revenue from US$ 21,152.1 Mn in 2021 to US$ 55,567.3 Mn by 2027. The market is registering a CAGR of 26.1% during the forecast period 2022-2027.
Online tutoring creates opportunities to engage students with education platforms via phone, e-mail, or computer or video conferencing platforms. Online tutoring can help students similarly to face-to-face learning assistance programs in multiple courses from various disciplines in a digital, interactive, or connected environment. The extent of online tutoring services demand varies between countries, cultures, and educational systems. Moreover, online tutoring offers students convenient learning in terms of choosing subjects, tutors, time, and place.
Major challenges in the adoption of online tutoring
Report Summary
The study of the Global Online Tutoring Services Market considers various market determinants and competitor analyses of the market. The report discusses the analysis of the online tutoring services industry for the period 2017-2027, where the base year is 2021 and the forecast period is 2022-2027. The report provides a detailed analysis of the global online tutoring services market across 14 Chapters and 179 pages. The report includes data presentation across 65 tables and 18 statistical figures.
The subsequent section provides details of the market analysis based on different segments such as type, sales channel, industry, education level, subject/skills, duration, and region. The report also covers extensively the key competitors in the market for global online tutoring services.
Market Dynamics
The major factor responsible for the growth of the global online tutoring services market includes the increasing demand for distance-learning courses and government support for digital teaching. The colleges and universities are continually adopting SaaS teaching and various other learning tools under the learning management system (LMS) platforms to easily manage the distance learning courses for students from across the globe. Moreover, the government support for different aspects of digital learning and financial support boosts the adoption of online tutoring services in a regulated manner. Furthermore, increasing IT spending on cloud infrastructure in education creates a lucrative growth opportunity in the online tutoring services market. However, the cybersecurity and data protection risks inhibit the online tutoring services market growth over the forecast period.
Key Takeaways from the Global Online Tutoring Services Market Report
Competitive Landscape
The key players in the Global Online Tutoring Services Market are Wyzant, Inc., Chegg Inc., BYJU’S, Varsity Tutors, Ambow Education, Preply, Tutor.com, TakeLessons, iTutorGroup and TutorEye Inc. among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip on an emerging market. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.
Segmentation Overview
Global Online Tutoring Services Market is segmented based on type, sales channel, industry, education level, subject/skills, duration and region. The industry trends in the Global online tutoring services market are sub-divided into different categories in order to get a holistic view of the global marketplace.
Following are the different segments of the Global Online Tutoring Services Market:
By Type segment of the Global Online Tutoring Services Market is sub-segmented into:
By Sales Channel segment of the Global Online Tutoring Services Market is sub-segmented into:
By Industry segment of the Global Online Tutoring Services Market is sub-segmented into:
By Education Level segment of the Global Online Tutoring Services Market is sub-segmented into:
By Subject/Skills segment of the Global Online Tutoring Services Market is sub-segmented into:
By Duration segment of the Global Online Tutoring Services Market is sub-segmented into:
By Region segment of the Global Online Tutoring Services Market is sub-segmented into:
Personalized learning, schedule flexibility, convenience, easy accessibility, improved competency, more options for tutors, and cost efficiency are some of the benefits of online tutoring services.
Online tutoring is giving options to the students to choose their subjects and tutors as per their requirements and preferences.
Diversification of learning tools due to wider acceptance of smartphones and tablets, improvement in telecommunication technologies, and progress in cloud environment has increased the number of users.
Global online tutoring services market is projected to grow at a CAGR of 26.1% during the forecast period 2022-2027 and is expected to reach US$ 55,567.3 Million.
Factors such as increasing demand for distance-learning courses and government support for digital teaching drive the growth in the global online tutoring services market over the forecast period.
The educational institute segment holds the largest share in the global online tutoring services market during the forecast period.
Asia-Pacific region is growing with the fastest CAGR during the forecast period.
Cybersecurity and data protection risks is a restraining factor that inhibits the growth of the online tutoring services market during the forecast period.
US holds the major share in terms of revenue in the North America online tutoring services market.
Increasing IT spending on cloud infrastructure in education creates a significant growth opportunity for the online tutoring services market.
Type, sales channel, industry, education level, subject/ skills, duration, and region are the different segments in the global online tutoring services market.
Wyzant, Inc., Chegg Inc., BYJU’S, Varsity Tutors, Ambow Education, Preply, Tutor.com, TakeLessons, iTutorGroup, and TutorEye Inc. among others.
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| Report ID: AA0522238 
