Online Tutoring Services Market : Segmented By Tutoring Type (Structured Tutoring, On-Demand Tutoring And Others), By Duration (Long-term Courses and Short-term Courses), And Region - Global Analysis Of Market Size, Share & Trends For 2019-2020 And Forecasts To 2031
[ 170 + Pages Research Report ] Global Online Tutoring Services Market to surpass USD 12.64 billion by 2031 from USD 3.95 billion in 2021 at a CAGR of 12.33% in the coming years, i.e., 2021-31.
Online tutoring can be defined as the method of tutoring in an online, networked, or virtual environment where learners and tutors are present virtually. It has gained acceptance with the ever-increasing use of internet services globally. Increased internet data transfer speed has allowed tutors and learners to involve online simultaneously. Moreover, the rapid adoption of smartphones is one of the significant components boosting the adoption of online teaching services globally as it allows learning to take place regardless of the geographic location.
Global Online Tutoring Services market is expected to project a notable CAGR of 12.33% in 2031.
The rising adoption of smartphones is one of the significant components boosting the adoption of online tutoring services globally. It allows learning to take place regardless of the geographical location. It offers professionals guidance from anywhere around the world and lets learners manage their tutoring sessions.
On-Demand Tutoring segment to grow with the highest CAGR during 2021-31
Global Online Tutoring Services market is classified on the basis of Tutoring Type into Structured Tutoring, On-Demand Tutoring. The on-Demand Tutoring segment dominates the market share globally. On-demand tutoring combined with analytics applications assist tutors and content suppliers obtain real-time information on the learner’s progress. Therefore, the rapidly growing implementation of customized and personalized learning is activating the on-demand tutoring market’s growth positively.
Long-term Courses segment to grow with the highest CAGR during 2021-31
Based on Duration, global Online Tutoring Services Market fragmented into Long-term Courses and Short-term Courses. Long-term Courses are the application of aromas from natural products for the treatment of many physical as well as emotional conditions. This high share of the segment can be attributed to the fact that long-term courses hold significant value. It enables the learners to gain in-depth knowledge pertaining to the reskilling course and deliver higher efficiency.
Adoption of online learning
A rapid rise in the adoption of online learning methods has been witnessed due to advantages such as improved focus, convenience, and cost-effectiveness. Additionally, online learning allows both learners and tutors to improve their productivity and efficiency. The partnerships and collaborations among mobile app developers and content developers have led to the introduction of smart learning services. The market is anticipated to demonstrate considerable growth over the forecast years due to the massive implementation of these services by school students and corporate professionals.
Growing emphasis on exams
The global online tutoring market is projected to raise in terms of revenue due to the rising emphasis on entrance exams. The difficulty level of entrance exams leads students to invest in online classes which will help them with features such as - live Q&A sessions, classes on the go, the availability to download lectures, etc.
The main hurdle which comes in way of online tutoring which students face is that the student must be well-versed in the online platform. To get familiar with online tutoring platforms, colleges, and schools, and private institutes must conduct seminars and workshops to get their students well-versed with the online platform.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Online Tutoring Services market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific dominates the Online Tutoring Services market. Asia Pacific holds the maximum share for online tutoring. The accessibility of apps and wearables for online tutoring, the growing popularity of online microlearning, and the standardization of tests will enable the online tutoring market growth in APAC over the forecast years.
Global Online Tutoring Services is further segmented by region into:
Online Tutoring Services Segments:
|Market size value in 2021||USD 3.95 billion|
|Revenue forecast in 2031||USD 12.64 billion|
|Growth Rate||CAGR of 12.33% from 2021 to 2031|
|Base year for estimation||2020|
|Quantitative units||Revenue in USD million and CAGR from 2021 to 2030|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Tutoring Type, Duration, and Region|
|Regional scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Key companies profiled||Ambow Education; ArborBridge; Beijing Magic Ears Technology Co., Ltd; BYJU'S; Chegg Inc.; Club Z! Inc.; iTutorGroup; Qkids Teacher; Varsity Tutors; Vedantu.com and Other Prominent Players|
The Online Tutoring Services Market size was estimated at USD 3.95 billion in 2021 and is expected to reach 12.64 billion by 2031.
Key players: Ambow Education; ArborBridge; Beijing Magic Ears Technology Co., Ltd; BYJU'S; Chegg Inc.; Club Z! Inc.; iTutorGroup; Qkids Teacher; Varsity Tutors; Vedantu.com and Other Prominent Players
On-Demand Tutoring segment and Long-term Courses segment are anticipated to hold the largest Online Tutoring Services Market.
Drivers: Adoption of online learning and Growing emphasis on exams
Online tutoring can be defined as the method of tutoring in an online, networked, or virtual environment where learners and tutors are present virtually. It has gained acceptance with the ever-increasing use of internet services globally. Increased internet data transfer speed has allowed tutors and learners to involve in online simultaneously.
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