Online Tutoring Market Scope
The flexibility and autonomous learning that online tutoring offers is a major driver of the online tutoring market. Online tutoring is a type of virtual classroom that is conveniently accessible. It is a platform for the exchange of knowledge with which the service provider can generate income in return. Online tutoring offers multiple development opportunities for candidates who are ready to study or enroll in a subject. Online tuition helps the student and the tutor to determine the student's prior knowledge, the level of difficulty for the student, and the individual learning progress. Online tutoring reaches the students who are off campus for support and opportunity while they are off-campus. It explores the knowledge base from one corner of the world to another and gains knowledge at will. Technical problems are a major challenge for the online tutoring market. Both the student and the tutor must have a secure internet connection with the required internet speed. The lack of access to the equipment required for online tutoring also hinders progress. The global online tutoring market was estimated to be around USD 90,349.7 million in 2019, according to the AMA study.
The Online Tutoring market study is segmented by Type (STEM Courses, Language Courses and Others), by Application (K-12, Higher Education, In-Service Education and Others) and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Online Tutoring market throughout the predicted period.
EF Education First (Sweden), Sylvan Learning, LLC (United States), Pearson (United Kingdom), VIPKid (China), 2U (United States), Wyzant, Inc. (United States), Unacademy (India), Kaplan, Inc. (United States), The Princeton Review (United States), Pluralsight (United States), Chegg, Inc. (United States), Varsity Tutors (United States), Byju's (India), Coursera (United States), Revolution Prep (United States), Club Z! (United States), Huntington Learning Center (United States), Udemy, Inc. (United States), Zovio (United States), C2 Education (United States), Preply (Ukraine) and John Wiley & Sons, Inc. (United States) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Online Tutoring market by Type, Application and Region. On the basis of Type, Language Courses are dominating the market in the year 2019 where as STEM Courses stood as second largest market share.
On the basis of application, K-12 segment is dominating the market in the year 2019 where as Higher Education segment stood as second largest market.
On the basis of geography, the market of Online Tutoring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
- Increasing Focus on Language Learning
- Growing Popularity of Online Micro-Learning
- The Personalization of Educational Courses and Enhanced Access to the Tutors
- Standardization of Tests
- Growing Demand for Online Tutoring Due To the Rising Covid-19 Pandemic
- The Growing Importance of Stem Education
- Strong Global Demand for Test Preparation
- The Technological Advancements Are Predicted To Boost the Connectivity between the Tutor and The Student
- Increased Digitalization of Education Material
- The Threat from Open-Source and Private Tutoring
- Data Security and Privacy Issues in Online Tutoring
- Difficulties in Developing and Distributing Digital Content
Key Target AudienceProviders of Online Tutoring, End-Users, Potential Investors, Market Research Firms and Others
Frequently asked questions:1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Online Tutoring Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2025.
3. What is expected growth rate?
According to AMA, the Global Online Tutoring market is expected to see growth rate of 14.9%.