Online Tutoring Services Industry Overview
The global online tutoring services market size was valued at USD 6.57 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 14.7% from 2022 to 2030. The rapid adoption of smartphones is one of the significant factors driving the adoption of online tutoring services worldwide as it enables learning to take place irrespective of the geographical location. For instance, in November 2021, Vedantu, one of the prominent companies offering online tutoring and LIVE online learning, collaborated with visual communications platform, Canva, to create India’s first-ever design challenge. Both companies intend to celebrate the creativity, curiosity, and discovery of children and teachers all across the country through this collaboration.
A rapid surge in the adoption of online learning methods has been witnessed owing to benefits, such as improved focus, convenience, and cost-effectiveness. Furthermore, online learning enables both learners and tutors to enhance their productivity and efficiency. The partnerships and collaborations among mobile app developers and content providers have led to the introduction of smart learning solutions. The market is expected to demonstrate considerable growth over the forecast period owing to the massive adoption of these services by school students and corporate professionals.
Gather more insights about the market drivers, restraints, and growth of the Global Online Tutoring Services Market
The continuous technological advancements and enhancements in the portable communication devices’ connectivity are some of the other factors driving the adoption of online learning methods. Government support for digital teaching in developing countries is encouraging universities and schools to offer online learning sessions. For instance, in February 2022, The Department of South Australia’s Learning+ initiative provided students at local schools with free one-on-one online tutoring with qualified, trained teachers after school and on weekends. This initiative aims to improve learning outcomes for kids who participate.
Virtual learning solution providers have leveraged the COVID-19 pandemic as a prominent opportunity to deal with their distance learning policy. Moreover, governments worldwide are recommending online teaching and learning solutions and offering free portals for online tutorials. For instance, in February 2021, the Indian Government launched NEAT 2.0, an AI-driven common online learning platform. This platform would offer students who do not have access to the appropriate platform to develop skills following their talents. With the help of NEAT 2.0, many EdTech platforms would be now available in a single platform, allowing them to reach a larger audience across the country and providing students a personalized learning according to their needs.
Browse through Grand View Research's Next Generation Technologies Industry Related Reports
Digital Education Market - The global digital education market size to be valued at USD 77.23 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 30.5% during the forecast period.
AI In Education Market - The global AI in education market size was valued at USD 1.82 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 36.0% from 2022 to 2030.
Online Tutoring Services Market Segmentation
Grand View Research has segmented the global online tutoring services market based on tutoring type, course type, duration, tutoring style, end user, and region:
Online Tutoring Services Tutoring Type Outlook (Revenue, USD Million, 2017 - 2030)
- Structured
- On-Demand
Online Tutoring Services Course Type Outlook (Revenue, USD Million, 2017 - 2030)
- Language Courses
- Science, Technology, Engineering, and Mathematics (STEM) Courses
- Others
Online Tutoring Services Duration Outlook (Revenue, USD Million, 2017 - 2030)
- Short-Term Courses
- Long-Term Courses
Online Tutoring Services Tutoring Style Outlook (Revenue, USD Million, 2017 - 2030)
- Test Preparation
- Subject Tutoring
Online Tutoring Services End-user Outlook (Revenue, USD Million, 2017 - 2030)
- K-12
- Higher Education
- Others
Online Tutoring Services Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- South America
- MEA
Market Share Insights:
October 2021: Scaler Academy, a technology-driven upskilling platform, acquired Coding Minutes, an online tutoring platform for USD 1 million in cash.
September 2021: BYJU’S partnered with NITI Aayog for the aspirational districts to provide tech-driven learning programs for free. Partnering with NITI Aayog would benefit the students from the aspirational district to get a quality education with educational content from BYJU’S Learning app for three years and an initiative towards education for all.
Key Companies profiled:
Some prominent players in the global Online Tutoring Services market include
- Ambow Education
- ArborBridge
- Beijing Magic Ears Technology Co., Ltd
- BYJU'S
- Chegg Inc.
- Club Z! Inc.
- iTutorGroup
- Qkids Teacher
- Varsity Tutors
- Vedantu
Order a free sample PDF of the Online Tutoring Services Market Intelligence Study, published by Grand View Research.
No comments:
Post a Comment