According to the study undertaken by Astute Analytica, the global online tutoring services market is anticipated to register a CAGR of 26.1% during the forecast period 2022-2027. The global online tutoring services market was valued at US$ 21,152.1 Million in 2021 and is forecasted to reach US$ 55,567.3 Million by 2027.
Online tutoring is flexible and performance-based learning, with an ample amount of time for doubt clearance sessions. Online tutoring is giving options to the students to choose their subjects and tutors as per their requirements and preferences. Students are getting opportunities to learn from experts from all over the world. The growth of online tutoring services is predicted to be fueled by the increasing number of online tutoring sites for exam preparation and vocal training. Moreover, 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.
Factor such as increasing demand for distance-learning courses and government support for digital teaching drives the growth in the global online tutoring services market over the forecast period. Distance learning education is witnessing rapid growth due to the integration between education and technology. Moreover, government support for different aspects of digital learning and financial support boosts the adoption of online tutoring services in a regulated manner. Furthermore, the 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. Issues related to data privacy pose threats in interest to mitigation of higher education institutions to the cloud.
Acts or Agreements to protect against cybersecurity and data protection risks
Market Insights
Global Online Tutoring Services Market Insights by Type
Based on type, the global online tutoring services market is segmented into asynchronous and synchronous. The asynchronous segment held the largest share in the online tutoring services market in 2021. The asynchronous form of online tutoring provides interaction between the tutor and tutee that is time-displaced. Students submit their work or questions, then wait for a response that is usually given within 24-48 hours. Moreover, high-quality asynchronous learning usually includes feedback, testing, and additional learning prompts also.
Global Online Tutoring Services Market Insights by Sales Channel
Based on sales channel, the global online tutoring services market is classified into private tutoring, international organization, educational institutes, and others. The educational institute segment is estimated to hold the largest market share over the forecast period. Colleges and universities at times allow teachers to take extra classes for students for specific subjects or exam preparations according to students’ needs. These also include special educational programs organized by schools and colleges often during mid or end-of-year breaks.
Global Online Tutoring Services Market Insights by Industry
In terms of industry, the global online tutoring services market is segmented into online and blended. The blended segment dominated the online tutoring services market in 2021 and is anticipated to grow at the highest CAGR over the forecast period. It is a combination of both online and offline tutoring practices. This allows users to progress at their own pace and dig deeper through asynchronous modules while providing real-time support from an instructor during synchronous sessions.
Global Online Tutoring Services Market Insights by Education Level
In terms of education level, the global online tutoring services market is segmented into primary education, secondary education, and others. The secondary education segment holds the largest market share in 2021. Moreover, online environments for completion of courses, degrees, counseling, and tutoring are becoming more prevalent in secondary education.
Global Online Tutoring Services Market Insights by Subject/Skills
Based on subject/skills, the global online tutoring services market is classified into competitive exams (test preparation), STEM, business studies (accounts, statistics & analytics, economics), computer science, music instruments, languages, arts & hobbies, and others (sports, special needs). The STEM (Science, Technology, Engineering, and Mathematics) segment dominated the online tutoring services market in 2021.
Global Online Tutoring Services Market Insights by Duration
Based on duration, the global online tutoring services market is bifurcated into long-term and short-term. The short-term segment is anticipated to hold the largest share in the online tutoring services market over the forecast period. Moreover, short-term courses get over in a short duration and are priced at a more affordable rate.
Global Online Tutoring Services Market Insights by Regional Outlook
By region, Asia Pacific holds the largest market share in 2021 and is also anticipated to project the highest CAGR over the forecast period. Moreover, increasing digital penetration of the e-learning sector in the region has boosted the adoption of digital platforms in the education sector. Furthermore, many businesses in the region are investing in online tutoring websites that use cutting-edge AI technology into their most effective online tutoring programs.
Competitive Insight
Global Online Tutoring Services Market is highly competitive in nature. Some of the key players operating in the market includes Wyzant, Inc., Chegg Inc., BYJU’S, Varsity Tutors, Ambow Education, Preply, Tutor.com, TakeLessons, iTutorGroup and TutorEye Inc. among others.
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:
Have Questions? Request a sample or make an Inquiry before buying this report by clicking the link below:
https://www.astuteanalytica.com/request-sample/online-tutoring-services-market
