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Online Tutoring Services Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Online Tutoring Services Market: By Type (Asynchronous and Synchronous); Sales Channel (Private Tutoring, International organization, Educational Institutes and Others); Industry (Online and Blended); Education Level (Primary Education, Secondary Education and Others); Subject/Skills ( Competitive Exams (Test Preparation), STEM, Business Studies (Accounts, Statistics & Analytics, Economics), Computer Science, Music Instruments, Languages, Arts & Hobbies and Others (Sports, special needs)); Duration (Long-term and Short-term); and Region—Industry Dynamics, Market Size and Opportunity Forecast until 2031

  • Published Date: Mar-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0522238  | Delivery: 2 to 4 Hours
INFOGRAPHIC:
Online Tutoring Services Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2022US$ 24,634.9 Million
Expected Revenue in 2031US$ 1,40,501.0 Million
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
CAGR26.1%
Segments coveredBy Type, By Sales Channel, By Industry, By Education Level, By Subject/Skills, By Duration, By Region
Key Companies                                                                                 Chegg Inc., TutorEye Inc., Tutor.com, Varsity Tutors, TakeLessons, iTutorGroup, Preply, Wyzant, Inc., Ambow Education, Other Prominent Players
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

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 2023-2031 and is expected to reach US$ 1,40,501.0 Million by 2031. 

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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