This report was recently updated on April 16 2024 with the latest and most recent
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Global Online Tutoring Services Market Size, Trends, & Analysis with Covid-19 Impact - Forecasts 2026 By Tutoring Type (On-demand, Structured), By Course Type (Science, Technology, Mathematics, and Engineering Courses, Language Courses), By Duration (Long Term Courses, Short Term Courses), By Region (North America, Asia-Pacific, Middle East and Africa, CSA, Europe), End-User Landscape and Company Market Share Analysis and Competitor Analysis
Online Tutoring Services Market Insights
The online tutoring services market will experience an unprecedented boom during the forecast period. These services overcome the challenge of location barriers. The changing technological space and provision of faster wifi connectivity all around the world lead the market towards greater demand. The growing number of online learning apps, availability of self-paced courses by Harvard, MIT, and other big institutions put the market at the forefront of high growth and demand. Online tutoring services have become a fad in recent times. The lockdown of schools and colleges in the later months of 2020 brought about a surge in online tutoring. Various platforms like Google Meet, Zoom Videos, Skype added to the market growth and helped raise the potential of the market. The courses offered are diverse, discounted, and also as per the customer needs. The main challenge to the market is the accessibility by all income class group of the society, and even the poor wifi connections in some region.
Online Tutoring Services Market: By Tutoring Type
Based on the tutoring type, the market takes into account structure and on-demand tutoring. The on-demand services segment is as per one’s needs and convenience and would show an upward rising growth path in this market. It caters to both demand and supply needs. This offers college students, Ph.D. scholars an opportunity and also helps to add quality to the market value. The online schedule is flexible, overcomes the challenge of the time barrier and distance in the pandemic hit situation. all these opportunities and benefits make the segment to grow in the current dynamic space.
Online Tutoring Services Market: By Course Type
Based on the course type, the market considers language, science, mathematics, and engineering among others. The science, mathematics, and engineering courses would have the largest market penetration in this market. Various service providers like Chegg tutors and Udemy offers a large number of science, and mathematics courses. The courses fulfill the need of growing school as well as college students. The fad of science, mathematics, and engineering courses are ever-growing and their high value-added contribution to quality education leads to the high market demand for online tutoring services. The language course represents a lot of potential in the market space owing to the country-specific special quota for the language courses student and increasing online presence for it.
Online Tutoring Services Market: By Duration
Based on the duration, the market considers long and short term duration into account. The short duration courses are fast gaining momentum in the market. These courses can be finished in a day, in 8 hours, and less than 8 hours. The latest oxford shirt term course comes with a certificate and there is a rising trend of the short-term courses meant for job purposes. Such flexibility and varied choices lead the segment to grow positively in the market.
Online Tutoring Services Market: By Region
Based on the region, North America would continue to have market dominance during the forecast period. The region is endowed best online tutoring services, a large consumption rate of online programs, and enhanced ICT solutions. Also, Latin America’s topmost universities have collaborated with Coursera to provide online courses for free or with minimal fees. Such advancements lead to market growth in the coming years. The Asia Pacific has abundant potential for the online tutoring market. Big institutions’ collaborations with online service providers and government initiatives towards online education will shape the market in the region and grow upwardly for months to come.
Market Share and Competitive Analysis
Key players operating in the market include Chegg Tutor, Club Z,eTutor World, Khan Academy, Learn To Be, Preply, The Princeton Review, Revolution Prep, Skooli, Smarthinking, SpecialEdTutoring.Com, TutorEye, Tutor Me, varsity Tutors, Wyzant, TutaPoint, K12, Udemy, Coursera.
Please note: This is not an exhaustive list of companies profiled in the report.
In February 2020, Vedantu earned $24 million and above as part of its online tutoring services.
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The Global Online Tutoring Services Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Online Tutoring Services Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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