Online Tutoring Market is valued at USD 133.20 Billion in 2018 and expected to reach USD 369.69 Billion by 2025 with the CAGR of 15.7% over the forecast period.
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The increasing adoption of online education, the demand for the high quality of education and increased digitalized education are the major key driver for the growth of the global online tutoring market.
Online tutoring is a self-study activity designed to teach a specific learning result. Online tutoring is a type of virtual classroom that can be accessed at one’s convenience. It is usually delivered via Blackboard but can also be made available via the internet or on a DVD. There are two main types of online tutorial such as recorded and interactive. It is very useful for students to get easily understand complex theories, concepts and subjects. It is a really efficient way of delivering courses online. Due to its convenience and adaptability, the resources are available from anywhere and at any time. Online tutoring helps the students and tutor to identify the prior knowledge of the student, area of difficulty for the student. Online tutoring has been proven to be a successful method of training and education is becoming a way of life for many citizens in around the world. It also supports to individual progression of learning. It offers scalability, consistency, effectiveness and more cost effective. The rise in technology-enabled teaching & training increases the scope of online tutoring industry. It discovers the knowledge base from one corner of the world to another corner and gains the knowledge at one’s convenience
Online tutoring market report is segmented on the basis of type, purpose, course duration, platform, sales channel and by regional & country level. Based on type, global online tutoring market is classified into synchronous tutoring and asynchronous tutoring. Based on purpose, global online tutoring market is classified into remediation, maintenance, support, test preparation and enrichment. Based on course duration, global online tutoring market is classified into short-term courses and long-term courses. Based upon platform, global online tutoring market is classified into mobile tutoring and desktop tutoring. Based upon sales channel, global online tutoring market is classified into international organizations and associations, educational institutes, private coaching and others
The regions covered in this online tutoring market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of online tutoring is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Online Tutoring Companies:
Online tutoring market report covers prominent players are,
BOK Solutions, Inc.
Blue Media LLC.
GradeStack Learning Pvt. Ltd.
TPR Education IP Holdings, LLC.
Online Tutoring Market Dynamics –
The increasing adoption of online education, the demand for the high quality of education and increased digitalized education are the major key driver for the growth of the global online tutoring market. According to The University of El Paso, Over 6 million Americans are pursuing online education. Further, adoption of concept of virtual classroom in various educational institutes will increase growth of market. These strategies will turn to boost the online tutoring market in coming years. In Fact, The corporate businesses are investing highly in incorporating modern learning technologies into their facilities to help employees to understand business policies and their job roles through an interactive medium. Now these days, with the coronavirus pandemic sweeping the world, governments of various countries decided the lock-down for long time due to this has a damaging effect on the education sector. The COVID-19 pandemic has changed education forever. Thus COVID-19 pandemic is fueling the growth of online tutoring market in coming years. According to World Economic Forum, The COVID-19 has resulted in schools shut all across the world and over 1.2 billion children are out of the classroom globally. Resulted that, education has changed dramatically, with the distinctive rise of e-learning, whereby teaching is undertaken remotely and on digital platforms. According to report by World Economic Forum, there are currently more than 1.2 billion children in 186 countries affected by school closures due to the pandemic around worldwide. Adoption in education technology, with global edtech investments reaching US$18.66 billion in 2019 and projected online education to reach $350 Billion by 2025.Moreover, Technical issues regarding internet connection and requires huge resources in terms of software and hardware are the major restrains of the global online tutoring market. However, technological advancements and increased government initiatives toward online courses and education platform may generate new opportunities for online tutoring market in forecast period.
Online Tutoring Market Regional Analysis –
North America is expected to dominate the online tutoring market with highest market share in the forecast period. Moreover, heavy investments in R&D initiatives, growing internet users, technological expansions and integration of pioneering technologies, growing digital transformation in the education in the region, this factor will propel the growth of the market in North America. Further, the demand for the high quality of education and increased digitalized education material is increasing the growth of online tutoring market in these regions. As per World Bank, from 2006 to 2016, the number of internet users has increased by nearly 28% from 206.01 million to 286.94 million in the U.S.
Asia Pacific is anticipated with strong growth rate majorly due to the production of smartphones. The growing internet penetration in the region will also contribute to the expansion of the market in Asia Pacific. According to UNESCO, Mobile broadband connections accounted for 45% of the total connections base in Asia Pacific by the end of 2015, a figure forecast to rise to 70% by 2020. In addition, increasing demand for advanced education systems from countries such as India, China, and Japan will further increase the Asia Pacific market in forecast period. In addition, growing population, increased interest for specialization, personalization of courses and flexibility in the fast emerging economies of the Asia Pacific region is expected to further reinforce growth rate of online tutoring market. According to Ministry Of Electronics & Information Technology, about 560 million internet subscriptions in 2018, up from 238.71 million in 2013, India is the second-largest internet subscriptions market in the world.
Key Benefits for Online Tutoring Market Reports –
Global Market report covers in depth historical and forecast analysis.
Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Market report helps to identify opportunities in market place.
Global Market report covers extensive analysis of emerging trends and competitive landscape.
Online Tutoring Market Segmentation –
By Type: Synchronous Tutoring, Asynchronous Tutoring
By Purpose: Remediation, Maintenance, Support, Test Prep, Enrichment
By Course Duration: Short-term courses, Long-term courses
By Platform: Mobile Tutoring, Desktop Tutoring
By Sales Channel: International Organizations and Associations, Educational Institutes, Private Coaching, Others
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