Global Online Tutoring Market Trends And Strategies Of Major Players In The Online Tutoring Market 2020
The online tutoring market is expected to grow from $1.3 billion in 2019 to $1.53 billion in 2020 at a compound annual growth rate (CAGR) of 18.0%. The growth is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing led to the closure of schools and colleges and increased demand for online tutoring. The market is then expected to grow and reach $2.38 billion in 2023 at a CAGR of 15.7%.
The online tutoring market consists of sales of online tutoring services and related products by entities (organizations, sole traders and partnerships) that provide online tutoring services. Online tutoring is the tutoring process in a digital, interactive, or connected environment wherein teachers and students are in different geographical locations.
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The global online tutoring market is further segmented based on type and geography.
By Type: STEM Courses, Language Courses, Other Courses,
By Application: K-12, College Students, In-service Education, Others.
By Geography: The global online tutoring market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific online tutoring market accounts for the largest share in the global online tutoring market.
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Trends In The Online Tutoring Market
Companies in the online tutoring market are increasingly investing in trends such as gamification for better user engagement. Gamification in e-learning and online tutoring is expected to inspire a game-like reaction and engagement among learners. This results in improved information retention, motivation and increased productivity.
Online Tutoring Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides online tutoring market overviews, analyzes and forecasts market size and growth for the global online tutoring market, online tutoring market share, online tutoring market players, online tutoring market segments and geographies, online tutoring market’s leading competitors’ revenues, profiles and market shares. The online tutoring market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.