Covina, United States: Global Online Tutoring Market, By Type (Structured Tutoring and On-Demand Tutoring), By Application (International Organizations and Associations, Educational Institutes, Private Coaching, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Trends, Analysis and Forecast till 2029
Online Tutoring Market Outlook
- Market Value 2020: US$ 8.131498 Bn
- Market Value Estimation 2030: US$ 33.84371 Bn
- CAGR: 15.3%
Online tutoring is a form of education provided by business organizations using the internet. There may be topics on academic and professional development in several professions. Online classes are open to both individuals and groups. The market would benefit from and experience considerable growth over the forecast period as a result of the rising popularity of online micro-learning. Online tutoring offers advantages to students who are eager to learn or enrol in a course in many different ways. With the help of online tutoring, both students and tutors can identify a student’s prior knowledge, areas of difficulty, and unique learning style. Students who are unable to attend classes on campus might benefit from opportunities and support while off campus by using online tutoring. From one end of the world to the other, it analyses the information base, enabling one to learn at their own pace.
Top News relating to Industry, Innovation:
- Ambow International Education Center is a specialized international education research institute, engaging in developing, managing, and promoting international education products and services. It is one of China’s largest international education research institutions. Its services also include consulting on premium education and global cultural exchange programs. Ambow International Education Center has established partnerships with over a hundred universities and educational institutions in the USA, Canada, UK, Australia, Ireland, the Netherlands, France, Italy, Spain, and other developed countries.
- TAL Education Group is a leading K-12 after-school tutoring services provider in China. TAL Education Group provides comprehensive tutoring services to students from pre-school to twelfth grade through three flexible class formats: small classes, online courses, and personalized premium services. The Company’s learning center network currently covers 69 key cities in China.
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Key Segmentation of the Online Tutoring market:
The global online tutoring market accounted for US$8.131498 billion in 2020 and is estimated to be US$ 33.84371 billion by 2030 and is anticipated to register a CAGR of 15.3% .The market report has been segmented on the basis of type, application, and region.
- By type, the global online tutoring market is segmented into structured tutoring and on-demand tutoring.
- By application, the target market is segmented into international organizations and associations, educational institutes, private coaching, and others.
- By region, the online tutoring market in the Asia Pacific region is expected for the largest revenue share in 2019, due to factors such as a rise in investments by private investors in companies providing online tutoring, and the elevation of education in general.
The Online Tutoring Market Report mentions the following promising regions:
- North America – U.S., Canada
- Europe – UK, Germany, Spain, France, Italy, Russia, Rest of Europe
- Asia Pacific – Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
- Latin America – Brazil, Mexico, Argentina, Rest of Latin America
- Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
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Top-tier significant players:
The prominent player operating in the global Online Tutoring market includes Ambow Education, China Distance Education Holdings Ltd., iTutor Group, Vedantu Innovations Pvt. Ltd., New Oriental Education and Technology Group, TAL Education Group, EF Education First Ltd., Chegg Inc., Knewton Inc., and Tokyo Academics.
Premium Report offers:
- Assessments of market share for the regional and national segments
- A description of the business, including its goals, finances, and most recent advancements.
- In addition to a comprehensive analysis of market share, the report contains data on significant drivers, restraints, and opportunities.
- The market power of consumers and suppliers is demonstrated via Porter’s five forces study.
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