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Global Online Tutoring Services Market, By Type (Asynchronous, Synchronous), By Sales Channel (Private Tutoring, Others), By Industry (Online, Blended), By Education Level (Primary, Secondary), By Subject/ Skills, By Duration, Estimation & Forecast, 2017 ? 2030

Global Online Tutoring Services Market, By Type (Asynchronous, Synchronous), By...

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Global Online Tutoring Services Market, By Type (Asynchronous, Synchronous), By Sales Channel (Private Tutoring, Others), By Industry (Online, Blended), By Education Level (Primary, Secondary), By Subject/ Skills, By Duration, Estimation & Forecast, 2017 ? 2030
Global Online Tutoring Services Market,...
Report Code
RO9/131/1040

Publish Date
07/Mar/2023

Pages
179
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Market Introduction
The global online tutoring services market held a market value of USD 21152.1 Million in 2021 and is estimated to reach USD 90,710.5 Million by the year 2030. The market is anticipated to register a CAGR of 17.6% during the forecast period.
The online tutoring services market is rising at a substantial rate owing to increasing service adoptions, requirement for low operational spending, rise in demand for this technology, and continuously increasing acceptance of innovative online tutoring services in the emerging countries.
On the other hand, the data protection risks and cybersecurity concerns deplete the preference rate of online tutoring services by the customers, thus, hampering the growth rate of the market to a certain extent.
Growth Influencers:
Government Support for Digital Teaching
The governments in many emerging countries, as well as private agencies and stakeholders in the industry are raising awareness regarding the online tutoring services. For instance, in February 2022, the Department of South Australia?s Learning+ initiative offered students at local schools with free one-on-one online tutoring with qualified, trained teachers after school as well as on weekends. Such an initiative focuses to augment the learning outcomes for kids who participate. Thus, such moves are favouring the demand, thus contributing to the growth of the online tutoring services market.
Increasing IT spending on cloud infrastructure in education
The growing infrastructural opportunities and developments all around the globe is contributing directly to the high demand of cloud infrastructure in many end use industries. The inclination of customers towards smart infrastructure and top-notch IT aids is fueling in the growth rate. For instance, in February 2022, the Ontario Government invested in one-to-one digital tutoring to sustain learning for teachers and students coupled with the expansion of online tutoring through Eureka Tech.org. and Mathify. Also, in November 2021, Vedantu, one of the key companies offering online tutoring as well as LIVE online learning, collaborated with visual communications platform, Canva, to create India?s first-ever design challenge. Thus, such measures aid the market growth.
Segments Overview:
The global online tutoring services market is segmented into type, sales channel, industry, education level, subject/skills, and duration.
By Type
? Asynchronous
? Synchronous
The synchronous segment is anticipated to grow the fastest with a growth rate of 19.9% over the forecast period owing to the increased use of this type by the target audience.
By Sales Channel
? Private Tutoring
? International Organization
? Educational Institutes
? Others
The private tutoring segment holds an opportunity of more than USD 35,000 Million during 2021-2030 due to the surging demand of private tutors amidst the COVID-19 pandemic outbreak.
By Industry
? Online
? Blended
The blended segment is anticipated to be fastest growing with a growth rate of 18.7% owing to increasing demand for blended type by a huge chunk of target audience.
By Education Level
? Primary Education
? Secondary Education
o Higher Education
o Professional Education
o Vocational Education
o Others (veterans, senior citizens, specially needs)
The primary education segment is anticipated to be the fastest growing growth rate of 19% due to the high offerance of this type of online tutoring services. The secondary education segment holds an opportunity of more than USD 20,000 during 2021-2030.
By Subject/ Skills
? Competitive Exams (Test Preparation)
? STEM
? Business Studies (Accounts, Statistics & Analytics, Economics)
? Computer Science
? Music Instruments
? Languages
? Arts & Hobbies
? Others (Sports, special needs)
The competitive exams segment, including test preparation, is estimated to hold an opportunity of more than USD 25,000 Million during 2022-2030. On the other hand, the music instruments segment is projected to grow at the highest CAGR of 19.8%.
By Duration
? Long-term
? Short-term
The long-term segment held the highest growth rate of nearly 18% owing to the increased programs, policies.
Regional Overview

By region, the global online tutoring services market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The North American online tutoring services market is expected to hold the largest market share owing to the growing adoption of technologically advanced online tutoring services in US and Canada. The North American market is estimated to cross the mark of USD 5,000 Million by 2026. Furthermore, Asia Pacific market for online tutoring services is supposed to grow at a steady rate owing to the continuous product innovations in the region.
The European market for online tutoring services is anticipated to grow at a steady rate owing to the rising awareness and continuous usage. Furthermore, the Latin American market holds an opportunity of more than USD 4500 during 2022-2030.

Competitive Landscape

Key players operating in the global online tutoring services market include Chegg Inc. TutorEye Inc., Tutor.com, Varsity Tutors, TakeLessons, iTutorGroup, Preply, Wyzant, Inc., Ambow Education, among others.

The key four players in the market holds approximately 5% of the market share. These market players are investing in product launches, collaborations, mergers & acquisitions, and expansions to create a competitive edge in the market. For instance, in 2018, Varsity Tutors raised USD 107 Million in venture capital from TCV, Learn Capital, and the Chan Zuckerberg initiative. The company also announced that Nerdy, the parent company of Varsity Tutors, plans to go public via a SPAC with TPG Pace Tech Opportunities with a USD 1.7 Billion market valuation.

The global online tutoring services market report provides insights on the below pointers:

? Market Penetration: Provides comprehensive information on the market offered by the prominent players
? Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
? Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
? Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Online tutoring services market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
? Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
? Pricing Analysis: Pricing analysis of various metals and other components used in the manufacturing of online tutoring services
? Manufacturing Cost Analysis: Cost-share of various components in online tutoring services
? Major challenges in adoption of online tutoring
? Benefits of Online Tutoring
o Choice-based Learning
o Convenient Learning
o Cost-Effective Learning
o Performance-based Learning
The global online tutoring services market report answers questions such as:


? What is the market size and forecast of the global online tutoring services market?
? What are the fueling factors and impact of COVID-19 on the global online tutoring services market during the assessment period?
? Which are the products/segments/areas to invest in over the assessment period in the global online tutoring services market?
? What is the competitive strategic window for opportunities in the global online tutoring services market?
? What are the technology trends in the global online tutoring services market?
? What is the market share of the leading players in the global online tutoring services market?
? What modes and strategic moves are considered favorable for entering the global online tutoring services market?

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