The Latest research study released by Absolute Markets Insights Online Tutoring Services Market with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth.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. Some of the Major Companies covered in this Research are: 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.
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Global Online Tutoring Services Market:
By Program Type
- One-to-One
- Group
By Type
- Synchronous Tutoring (Live)
- Asynchronous Tutoring (Pre-Recorded)
By Platform
- Web-based
- App-based
By Offering
- Subject-Based Tutoring Services - HIGHEST SHARE IN 2018
- Mathematics
- Science
- Language
- English
- French
- German
- Chinese
- Others
- Social Studies
- Computer Science
- Business
- Others
- Test Preparations Services
- Others
By Revenue Model
- Subscription-Based Model
- Pay-as-You-Go Model
By End Users
- Individuals
- Educational Institutions
- K-12
- Higher Education
- Corporate
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- 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.
Online Tutoring Services Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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