DUBLIN, December 08, 2021--(BUSINESS WIRE)--The "Online Tutoring Global Market Report 2021: COVID-19 Growth and Change to 2030" report has been added to ResearchAndMarkets.com's offering.
The global online tutoring market is expected to grow from $1.44 billion in 2020 to $1.63 billion in 2021 at a compound annual growth rate (CAGR) of 13.2%. The market is expected to reach $2.9 billion in 2025 at a CAGR of 15%.
Major players in the online tutoring market are Vedantu Innovations Pvt. Ltd., China Distance Education Holdings Ltd., Chegg, BYJU'S, Embibe, Khan Academy, TutStu Education, Club Z! Inc., iTutorGroup, and New Oriental Education & Technology Group.
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.
The online tutoring market covered in this report is segmented by type into STEM courses, language courses, other courses and by application into k-12, college students, in-service education, others.
The lack of connectivity in third world countries and some of the emerging economies is expected to negatively impact the growth of the market. Connectivity issues within developing countries and communities with low income are expected to impact broadband connectivity, hence negatively impacting the growth of the market.
According to a survey conducted by Quacquarelli Symonds in April 2020, 53% of respondents in India using home broadband face poor connectivity and 32% face signal problems, 40.2% of respondents using mobile data face low communication, and 56.6% face signal/network issues. Therefore, the lack of connectivity in third world countries and some of the emerging economies is expected to limit the growth of the 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. Therefore, the increasing demand for e-learning is expected to drive the growth of 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.
Key Topics Covered:
1. Executive Summary
2. Online Tutoring Market Characteristics
3. Online Tutoring Market Trends and Strategies
4. Impact Of COVID-19 On Online Tutoring
5. Online Tutoring Market Size and Growth
5.1. Global Online Tutoring Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Online Tutoring Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market
6. Online Tutoring Market Segmentation
6.1. Global Online Tutoring Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.2. Global Online Tutoring Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.3. Global Online Tutoring Market, Segmentation by Sales Channel Types, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
International Organizations and Associations
7. Online Tutoring Market Regional and Country Analysis
7.1. Global Online Tutoring Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Online Tutoring Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Vedantu Innovations Pvt. Ltd.
China Distance Education Holdings Ltd.
Club Z! Inc.
New Oriental Education & Technology Group
TAL Education Group
Ambow Education Holding Ltd.
Tutor Eye Inc.
GradeStack Learning Pvt. Ltd.
Fleet Education Services
For more information about this report visit https://www.researchandmarkets.com/r/5m0lqb
View source version on businesswire.com: https://www.businesswire.com/news/home/20211208005559/en/
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