The global online tutoring market size is expected to grow from $6.98 billion in 2021 to $8.17 billion in 2022 at a compound annual growth rate (CAGR) of 16.9%. The change in the online market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic. The online tutoring market is expected to reach $14.76 billion in 2026 at a CAGR of 15.9%.
What is the Global Online Tutoring Market?
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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What drives the Global Online Tutoring Market?
The increasing demand for e-learning due to the impact of COVID-19 is driving the growth of the online tutoring market. COVID-19 has resulted in the closure of schools around the world. As a result, education has changed dramatically, with a marked rise in e-learning and online tutoring taking place remotely and through online platforms. For example, Byju's, an India-based educational technology and online tutoring company, announced free live classes on its Think and Learn app and saw an increase in the number of new students using its product by 200%. Therefore, the increasing demand for e-learning is expected to drive the growth of the online tutoring market.
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https://www.thebusinessresearchcompany.com/report/online-tutoring-global-market-reportGlobal Online Tutoring Market Segments
The global online tutoring market is segmented:
By Type: STEM Courses, Language Courses, Other Courses
By Application: K-12, College Students, In-Service Education, Others
By Sales Channel Type: Private Coaching, International Organizations and Associations, Educational Institutes, Others
By Geography: The regions covered in the online tutoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Online Tutoring Global Market Report 2022provides market size and growth forecasts for the global online tutoring market, global online tutoring market share, online tutoring market segments and geographies, online tutoring market competitive landscape including 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.
Global Online Tutoring Industry Playersinclude Vedantu Innovations Pvt. Ltd., China Distance Education Holdings Ltd., Chegg, BYJU’S, Embibe, Khan Academy, TutStu Education, Club Z! Inc., iTutorGroup, New Oriental Education & Technology Group, Pearson Plc, TAL Education Group, Ambow Education Holding Ltd., ArborBridge Inc., Tutor Eye Inc., Varsity Tutors, ThoughtCo., GradeStack Learning Pvt. Ltd., and Fleet Education Services. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.