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Upcoming Allied Market Research
2022
Online Tutoring Market

Online Tutoring Market by Purpose (Remediation, Maintenance, Support, Test Prep, and Enrichment), Type (Synchronous and Asynchronous), Course Duration (Short-term Courses and Long-term Courses), Platform-base (Mobile and Desktop), and Distribution Channel (Educational Institutes, Private Coaching, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A16088
Pages: NA
Jul 2022 | 102 Views
   
Author(s) : Roshan Deshmukh
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The process of tutoring in an online, virtual, or networked environment, in which teachers and students interact from distinct physical places, is known as online tutoring. Online tutoring is a virtual classroom that may be accessed whenever it is convenient for the student. Participants can be separated by time as well as space, according to the research. For different types of users, online tutoring is done in a variety of ways. It is a revenue-generating platform that allows service providers to share their knowledge. The market for online tutoring is being driven by the flexibility and autonomy that online tutoring provides. Candidates eager to learn or enroll in a course can benefit from online tutoring in a variety of ways. Online tutoring assists students and tutors in determining the student's past knowledge, areas of difficulty, and individual learning process.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

2020–2030

Base Year Considered

2020

Forecast Period

2021–2030

Forecast Unit

Value (USD)

Regions Covered

North America, Europe, Asia-Pacific, LAMEA

Segments Covered

Purpose, Type, Course Duration, Platform-base, Distribution Channel, and Region

Companies Covered

Blue Media LLC., Pearson, Varsity Tutors, Wyzant, Inc., Tutor.com, Inc., TPR Education IP Holdings, LLC., Skooli, ThoughtCo., Chegg, Inc., TutorEye, Inc., GradeStack Learning Pvt. Ltd., Adda247, Yup Technologies, BOK Solutions, Inc., Preply, Inc., TakeLessons

 

COVID-19 Impact Analysis

  • The COVID-19 has caused schools all across the world to close. Over 1.2 billion youngsters are out of school worldwide. As a result, education has undergone significant transformations, with the rise of e-learning, in which instruction is done remotely and via digital platforms.
  • As no country anticipated or planned for the effects of the global pandemic, the government and parents have taken no preventative measures to ensure that children are educated. In this case, online tutoring is playing a critical role in addressing the loss of education that has occurred in the meantime.
  • Prior to the emergence of the coronavirus, a number of reasons fueled market expansion, including the rise of open universities and the availability of online courses taught by experts from major universities.
  • However, with the expansion of coronavirus and school closures, various variables, such as government support for student education and the availability of a wide variety of online learning platforms in regional languages, are functioning as a catalyst in market growth during this outbreak.

Top Impacting Factors

  • With the availability of online courses, counseling, and degree programs, online tutoring has become more common. In the last five years, the number of students seeking online tutoring has increased dramatically. The growth in number of open universities has had a favorable impact on the online tutoring sector.
  • Students can learn courses from any institute in the world through online tutoring, regardless of distance. However, when a significant number of students enroll in a course, online tutoring service providers find it challenging to handle a huge number of questions and provide personalized attention to each student.
  • Increased higher education enrolment, personalization of courses, flexibility in time, place, pace of learning, and forums for answering questions are some of the key factors that boost the online tutoring market.
  • Another key stumbling block in online tutoring is the requirement that the learner be familiar with the online platform. To familiarize themselves with online tutoring platforms, colleges, schools, and private institutes must hold seminars and workshops to familiarize their pupils with the platform.
  • The online tutoring sector is confronted with a number of technical problems. Both the learner and the teacher require a secure internet connection with sufficient bandwidth. In addition, online tutoring's advancement is hampered by a lack of access to necessary equipment.

Market Trends

Latest online learning trends to flourish the market

New products that contain improved capabilities have been launched by leading market players. A major driver that drives the growth of the worldwide online tutoring market is the surge in relevance of STEM education among students, parents, and various educational stakeholders around the world. STEM combines various topics into a single learning approach focused on real-world applications. It prepares students for jobs in the STEM industry by providing them with the necessary training.

One of the primary factors that drive the growth of the global online tutoring market is the high demand for test preparation around the world. A variety of standardized examinations, such as the SAT and American College Test (ACT) are administered for admission to higher educational institutions in the U.S. to measure the growth of students' learning proportion. Following the US government's implementation of the Every Student Succeeds Act (ESSA) in 2015, there has been a major focus on the country's standards-based education system.

Growing digital platform is expected to boost the online learning in near future

An important trend boosting demand in the online tutoring industry is the growth in tendency of non-traditional learners seeking customization and convenience in their learning. Children with attention deficit disorder (ADD), attention deficit hyperactivity disorder (ADHD), and autism are among the non-traditional learners. One of the important factors improving the benefits of web-classroom spaces is progress toward seamless hardware and software installation. The business has remained lucrative due to the spread of online tutoring software. Over the last few years, significant progress has been achieved in the instructional design of educational content, and this has propelled the online tutoring business forward.

The internet generation's preference for online tutoring stems from their desire to learn by doing rather than being told what to do. The market is being boosted by the growth popularity of online tutoring as a comprehensive teaching-learning system.

Key Benefits of the Report

  • This study presents the analytical depiction of the online tutoring industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the online tutoring market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the online tutoring market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed online tutoring market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Report

  • Which are the leading players active in the online tutoring market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
  • What is "Online Tutoring" Market prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the "Online Tutoring" Market?

Key Market Segments

Segments Sub-segments
By Purpose
  • Remediation
  • Maintenance
  • Support
  • Test Prep
  • Enrichment
By Type
  • Synchronous
  • Asynchronous
By Course Duration
  • Short-term Courses
  • Long-term Courses
By Platform-base
  • Mobile
  • Desktop
By Distribution Channel
  • Educational Institutes
  • Private Coaching
  • Others
By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa


Key Market Players

  • Blue Media LLC.,
  • Pearson,
  • Varsity Tutors,
  • Wyzant, Inc.,
  • Tutor.com, Inc.,
  • TPR Education IP Holdings, LLC.,
  • Skooli,
  • ThoughtCo.,
  • Chegg, Inc.,
  • TutorEye, Inc.,
  • GradeStack Learning Pvt. Ltd.,
  • Adda247,
  • Yup Technologies,
  • BOK Solutions, Inc.,
  • Preply, Inc.,
  • TakeLessons
 
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