Report ID :10347685 |
Published Date : 21 Oct 2022 |
Report Format : |
Delivery Timeline :48-72 Business Hours
Global Online Tutoring Services Market is valued approximately USD 4.81 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 16.1 % over the forecast period 2020-2027. Online Tutoring Services means services of teaching provided by companies or teachers to the learners by electronic medium, from their homes or anywhere other than specific place for education like school and colleges, similarly, learners get the education from electronic devices by sitting at their home or anywhere, and they do not need to be at specific place for education. Governments initiatives for digital education, increasing investment by big market players, elimination of geographic constraints, continuous advancement in digital portable devices, availability of both long-term and short-term courses are some factors that are expected for market growth. For Instance: In July 2020, Vedantu.com an Indian online tutoring firm raised USD 100 million in its series D funding round led by Coatue Management , L.L.C. And in India, Ministry of Human Resource Development has created an online library for students of different academic levels and subject domain.. However, factors such as data privacy and security concerns in online tutoring impedes the growth of the market over the forecast period of 2020-2027. Also, with increase in demand for short-term diploma courses with on-demand tutoring pattern is likely to increase the market growth during the forecast period.
The regional analysis of global Online Tutoring Services market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the well-established ICT service providers and availability of large customer base. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as government funded education projects in rural areas and presence of developing economies like India would create lucrative growth prospects for the Online Tutoring Services market across Asia-Pacific region.
Major market player included in this report are:
Ambow Education
ArborBridge
Beijing Magic Ears Technology Co., Ltd
BYJU'S
Chegg Inc.
Club Z! Inc.
iTutorGroup
Qkids Teacher
Varsity Tutors
Vedantu.com
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Tutoring Type:
Structured Tutoring
On-Demand Tutoring
By Course Type:
Language Courses
Science, Technology, Engineering, and Mathematics (STEM) Courses
Others
By Duration:
Short-Term Courses
Long-Term Courses
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Online Tutoring Services Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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