New York, United States , Nov. 03, 2022 (GLOBE NEWSWIRE) -- Global Online Tutoring Market Size is expected to be worth USD 6.52 Billion in 2021 and is estimated to reach up to USD 19.47 Billion by 2030, at a compound annual growth rate (CAGR) of 13.50% from 2021 to 2030. Universities and schools are being encouraged to offer online learning sessions in developing nations thanks to government financing for digital teaching. For instance, the Department of South Australia's Learning+ initiative gave children at nearby schools free one-on-one online tutoring with qualified, trained teachers after school and on weekends in February 2022. The improvement of the kids' learning outcomes is the aim of this initiative.
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The COVID-19 has forced the closure of schools across the globe. Around the world, more than 1.2 billion youngsters are not attending school. With the advent of e-learning, which enables students to receive instruction remotely and through digital platforms, education has undergone significant changes. As the coronavirus spreads and schools close due to this outbreak, government support for student education and the availability of a wide range of online learning platforms in regional languages are driving market expansion.
The growing trend of non-traditional learners wanting customization and convenience in their learning is a significant trend driving demand in the online tutoring sector. Among the non-traditional learners are kids with autism, attention deficit disorder (ADD), and attention deficit hyperactivity disorder (ADHD). Progress toward seamless hardware and software installation is one of the key aspects enhancing the advantages of web-based learning environments. The success of online tutoring software has kept the company profitable. The instructional design of educational content has advanced significantly over the past several years, advancing the online tutoring industry. Because they like to learn by doing rather than being told what to do, the internet generation favors online coaching.
Due to the availability of online courses, counselling, and degree programs, online tutoring has grown in popularity. Over the past five years, there has been a significant increase in the number of students looking for online tutoring. The online tutoring sector has profited from the rise in open colleges. Students can take classes from any university in the globe, regardless of location, through online tutoring. However, when many students sign up for a course, online tutoring service providers struggle to manage many questions and provide each student individualized attention. A few of the main factors influencing the boom in online education include increased interest in higher education, personalization of courses, flexibility in the time, location, and speed of learning, and question-and-answer forums.
Browse key industry insights spread across 230 pages with 132 market data tables and figures & charts from the report “Global Online Tutoring Market Size, Share & Trends, COVID-19 Impact Analysis Report, By Course Type (STEM, and Language), By Duration (Short-term and Long-term), By Tutoring Type (Structured Tutoring, and On-Demand Tutoring), By Tutoring Style (Test Preparation Service, Subject Tutoring Service, and Others), By End User (K-12, Higher Education, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030”, in detail along with the table of contents.
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The market is divided into two categories based on the tutoring type segment: structured tutoring and on-demand tutoring. Due to the nationwide school closures brought on by the coronavirus epidemic, demand for on-demand online tutoring has surged, and this sector is predicted to dominate the market. For instance, the Nepalese government debuted "Sikai Chautari" in December 2021, an open library for nearby pupils in grades 1 through 10. English and Nepali are the two languages that are supported by this site. In February 2022, the Ontario government made an investment in digital one-to-one tutoring for teachers and students, as well as the growth of online tutoring through Eureka Tech.org and Mathify.
The market is divided into test preparation services and subject tutoring services based on the tutoring style segment. Due to the fact that subject tutoring is a special way to supplement the classroom in an individualized, private setting where students may learn at their own pace, the subject tutoring service is predicted to dominate the market share. Private Prep instructors offer a wide range of services, including as study techniques, homework assistance, and test-taking guidance, both in person and online. For instance, in February 2022, TutorMe, LLC, an online tutoring platform, teamed up with Blackboard Inc. (Ferguson Florissant School District) to offer approximately 11,000 K–12 students online tutoring services that included on-demand expertise, individualized learning, and offering guidance or clearing up doubts in person or online.
The market is divided into three categories based on the end user segment: K–12, higher education, and others. Due to growing demand, the k-12 sector is anticipated to hold the largest market share. This is because the sector offers microlearning, which divides key ideas into manageable chunks using texts, audio, videos, and infographics. K–12 students are becoming more and more interested in microlearning, which includes bite-sized teaching modules, tests, brief teaching tasks, and just-in-time information delivery. BetterPlace, a platform for employee engagement, for instance, paid all cash in October 2021 to acquire Oust Labs, a micro-learning SaaS platform designed for upskilling and training distributed workforces. The K–12 online education market is driven by improvements in access to high–quality education and advancements in educational technology.
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North America is anticipated to have the largest market share of the worldwide market for online tutoring due to the region's large clientele and reputable ICT solution providers are responsible for its significant market share. For instance, a U.S. based EdTech platform named Chegg Inc. recently introduced a new feature called "Learn with Chegg" to support individualized learning. However, Asia Pacific is anticipated to see the greatest growth rate throughout the projected period of the global online tutoring market due to the region's business potential have increased due to the growth of online tutoring platforms and apps.
Key Companies & Recent Developments: The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. The global online tutoring market is competitive, with a number of global & regional players operating. Some of the key players in the market includes, Ambow Education Holding Ltd., ArborBridge Inc., BYJU’S, Chegg Inc., China Distance Education Holdings Ltd., D2L Corporation, Club Z! Inc, Growing Stars Inc., Fleet Education Services Ltd., K12 Inc., iTutorGroup, John Wiley & Sons Inc., Varsity Tutors LLC, My Tutorweb Ltd., Sylvan Learning LLC, New Oriental Education and Technology Group Inc., Pearson Plc, Preply Inc., Vedantu Innovations Pvt. Ltd., Providence Equity Partners LLC, TAL Education Group, Think & Learn Pvt. Ltd., and Others.
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