Global Online Tutoring Market Research Report by Type, Application, Region - Growth Forecast from 2020 to 2029
“Global Online Tutoring Market” is an upcoming research report to be published by MarketResearch.biz. The report will contain opinions and views of industry experts. Data presented in the global online tutoring market research report will be well-researched and accurate. The current and future market landscape will be explained with the help of aspects such as restraints, driving factors, revenue opportunities, key trends, etc. The global online tutoring market research report will also include information related to recent developments, key player data, strategies, mergers & acquisitions, etc. The global online tutoring market size is estimated to grow by US$ XX billion during the forecast period. A CAGR of XX% is expected to be recorded over the next 10 years.
Online tutoring refers to a segment of education that is provided by businesses via the internet. These may include academic as well as professional development subjects related to various fields. Online tutoring serves all age groups. The user has to pay a fee to register for a particular course and attend classes that are recorded by professionals in that respective field. Online classes can be taken individually or as part of a group. Online tutoring provides learning opportunities to students who might be unable to study in a traditional school setting.
A major factor that is positively contributing to the revenue growth of the online tutoring market is the rise in awareness of the importance of education. Numerous adults rekindle their education goals through the online tutoring process. The popularity of the online tutoring market is also expected to surge due to its easy access features as well as the user-friendly design of these applications.
The global online tutoring market is estimated to grow in terms of revenue owing to the rising emphasis on entrance exams. The difficulty level of entrance exams leads students to invest in online classes which will assist them with features such as - live Q&A sessions, classes on-the-go, the availability to download lectures, etc.
There is an imbalance in the demand and supply of teaching staff in the field of online tutoring. Correspondingly, the quality of tutors is also a significant concern; there is much room for improvement. The limited availability of the internet in certain regions is a restraint that will need to be overcome.
An increase in the number of investors is a crucial factor that will have a positive effect on the global online tutoring market. Both, private and government institutions are providing support to make online tutoring easily accessible. The aforementioned funding will also be focused on improving the analytics of online tutoring applications, resulting in the provision of high-end, quality lectures.
There are two types of online tutoring methods - structured and on-demand. The structured type of online tutoring is favored over the on-demand online method of tutoring, considering the tight alignment of teachers and learners. On-demand online tutoring is preferred by students who want to resolve doubts and are on-the-go.
Global Online Tutoring Market Regional Analysis
The online tutoring market in the Asia Pacific region accounted for the highest revenue share in 2019, owing to factors such as an increase in investments by private investors in companies providing online tutoring, and the promotion of education in general. The Asia Pacific market is expected to continue to do so over the next 10 years. The online tutoring markets in Europe and North America accounted for the second-highest and third-highest revenue shares respectively. This is due to the increase in affordable online courses and established tutors becoming a part of this industry. The markets of Latin America, the Middle East & Africa will see substantial development during the forecast period, owing to the growing awareness of online tutoring, and an increase in access to the Internet in these regions .
Global Online Tutoring Market Segmentation
- Structured Tutoring
- On-Demand Tutoring
- Pre-primary school
- Primary school
- Middle school
- High school
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Ambow Education
- China Distance Education Holdings Ltd.
- iTutor Group
- TAL Education Group
- Vedantu Innovations Pvt. Ltd.
- New Oriental Education and Technology Group
- EF Education First Ltd.
- Chegg Inc.
- Knewton Inc.
- Tokyo Academics
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