Richmond, Feb. 07, 2024 (GLOBE NEWSWIRE) -- According to a research report "Online Tutoring Market”, by Tutoring model Type (One-On-One, Group, Online School/Academy, Course, Live Course, Enterprise, Others), Course (English as a Second Language (ESL), Math, Science, Test Prep, Language, Programming and computer science, Others), Duration (short term, long term), platform (laptop, Mobile), End User(K-12, Higher education, Others), and Region - Global Forecast to 2030.
Global Online Tutoring Market Report Scope:
| Report | Details |
| Market size value in 2023 | USD 8.8 Billion |
| Market size value in 2030 | USD 21.8 Billion |
| CAGR (2023-2030) | 13.8% |
| Forecast Period | 2023–2030 |
| Historic Data | 2019 |
| Forecast Units | Value (USD Million/USD Billion) |
| Segments Covered | Tutoring model Type, Course, Duration, End User and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and RoW |
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| Sample of Companies Covered |
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TOC Covers in Depth & Breath on Online Tutoring Market
170 - Market Data Tables
65 - List of Figures
225 – Pages
The report includes Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional FootPrint by MarketDigits.
Market Overview
The Global Online Tutoring market plays a crucial role in modern online education, providing convenient and efficient learning solutions to students. The increasing adoption of smartphones has contributed significantly to the growth of this industry. This market segment includes diverse teaching models such as One-On-One, Group, Online School/Academy, Course, Live Course, Enterprise, and Others. The rising demand for education is anticipated to drive the growth of the online tutoring market in the upcoming years. Education, viewed as a lifelong process involving the acquisition of information, skills, and values through various means like school attendance, training, and self-learning, has witnessed a surge in the demand for online tutoring. Factors such as changing lifestyles, urbanization, and a focus on time-saving solutions have contributed to this increased demand. The COVID-19 pandemic has played a pivotal role in the market's expansion, with the need for alternative tutoring solutions and easy internet access during lockdowns. Additionally, the expansion of the smartphone market has further fueled the growth of online tutoring. Partnerships and collaborations between mobile app developers and content providers have resulted in the introduction of smart learning solutions. Continuous technological advancements and improvements in the connectivity of portable communication devices are additional factors driving the adoption of online learning methods. Government support for digital teaching in developing countries is encouraging educational institutions to offer online learning sessions. Companies in this market offer a diverse range of solutions to meet various student requirements, including courses in English as a Second Language (ESL), Math, Science, Test Prep, Language, Programming, and computer science, among others. Online tutoring is often more cost-effective compared to traditional tutoring methods. However, challenges such as competition from free and private tutors impact the online tutoring market. Ensuring the delivery of quality content tailored to individual requirements remains a primary challenge. Investments in novel technology enable companies to offer various services and connect tutors with the right students based on their specific needs.
Major vendors in the global Online Tutoring Market-
- ArborBridge
- Beijing Magic Ears Technology Co., Ltd
- BYJU'S
- CAMBLY INC.
- Chegg Inc.
- Club Z! Inc.
- Englishunt Inc
- iTutorGroup
- Preply Inc.
- Qkids Teacher
- Varsity Tutors
- Vedantu.com
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Rise in the adoption of smartphones and laptops
One of the primary driving factors for the global Online Tutoring Market is the significant transformation in consumer lifestyles. The rapid pace of modern life has generated an increased demand for tutoring solutions that are both convenient and easily accessible. Students, particularly those living in urban areas, encounter time constraints due to school schedules, travel commitments, and various other engagements. So, there is a growing preference for online tutoring platforms. Urban students, in particular, exhibit a noticeable inclination toward acceptance of emerging technology. The surge in smartphone and laptop adoption, coupled with readily available internet connectivity, has contributed to this shift. The COVID-19 pandemic has played a pivotal role in the expansion of the online tutoring market, prompting most universities and colleges to transition to online teaching. This transformative period has solidified the route of online teaching as a dominant trend in educational markets.
Market Dynamics
Drivers:
- Online tutors are more affordable
- Rise in the adoption of smartphones and laptops
- Easily availability of internet connectivity
- Convenience and Time-saving
Opportunities:
- Technological Advancements
- increasing popularity of online courses
- the growing demand for personalized education
- investment in emerging technology which allows them to offer a wide range of services
The growing demand for personalized education
Individualized education, known as personalized learning, places the student at the center, tailoring the educational experience to cater to their unique needs, abilities, and interests. This approach offers numerous advantages that empower students and enrich their learning journey. When it comes to online tutoring, it delivers personalized attention through one-on-one sessions designed to address each student's specific requirements. In contrast, traditional offline tutoring often involves group sessions that may not adequately cater to individual learning needs. Online tutoring leverages interactive digital resources such as multimedia content, educational software, and virtual tools. This method of personalized learning ensures that instruction aligns with each student's distinct learning style and pace. Students receive focused support and interventions, addressing their specific learning needs and helping them overcome challenges. Incorporating students' interests and preferences into the learning process fosters higher levels of engagement and motivation. Furthermore, personalized learning enables students to explore topics more deeply, ensuring a comprehensive understanding and mastery of the content. Students are granted the freedom to choose their learning pathways, concentrating on areas of interest and exploring concepts in a manner that resonates with them. This empowerment allows students to progress at their own pace, dedicating more time to challenging topics while accelerating in areas where they excel. Through hands-on, inquiry-based learning experiences, personalized learning also promotes the development of critical thinking and problem-solving abilities.
North America dominates the market for Online tutoring.
North America is the dominating region in the online tutoring market. online tutoring market has been experiencing significant growth globally, driven by factors such as technological advancements, increasing internet penetration, and the growing demand for personalized and flexible learning solutions. In North America, online tutoring has been robust, with a high adoption rate of online education platforms. The United States and Canada have witnessed significant growth, driven by a tech-savvy population and a strong focus on education. Asia-Pacific is a major player in the online tutoring market, with countries like China, India, South Korea, and Japan leading the way. The region has a high demand for test preparation services, language learning, and academic support, driven by intense competition in education. The online tutoring market in the Middle East and Africa is evolving, with increasing internet penetration and a focus on e-learning initiatives. There is a growing demand for online education in countries with a younger population
The one-on-one tutoring Segments is anticipated to hold the Largest Market Share during the Forecast Period
The one-on-one tutoring business model involves a personalized learning approach facilitated by a private tutor through an online platform. To begin, learners register on a tutoring platform, search for suitable tutors based on their specific needs, and secure their sessions by paying a fee. The personalized learning experience takes place through video conferencing tools during one-on-one sessions. Upon the successful completion of sessions, the admin deducts a percentage of the commission fee from tutors and disburses their earnings. Online tutoring has a distinct advantage due to the growing demand for platforms providing personalized services. This approach allows students to delve deeper into subjects, ensuring a comprehensive understanding and mastery of the content. Furthermore, online tutoring provides tutors with the opportunity to expand their offline business and connect with a larger audience. However, the industry's competitiveness poses a challenge. But, with a well-defined strategy and feature-rich software, one can gain a competitive advantage in the field.
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