MARKET SUMMARY

Global Online Tutoring Market Size, is expected to be worth USD 6.52 Billion in 2021 and is estimated to reach up to USD 19.47 Billion by 2030, at a compound annual growth rate (CAGR) of 13.50% from 2022 to 2030.  The flexibility and independence offered by online tutoring are the factors driving the demand for online tutoring market. Online tutoring offers students access to a virtual classroom at any time that is convenient for them. It is a platform that generates income and enables service providers to impart their expertise. Candidates who want to learn something new or sign up for a class might profit from online tutoring in a number of ways. Both students and tutors can pinpoint a student's past knowledge, areas of difficulty, and particular learning style with the use of online tutoring. By adopting online tutoring, students who are unable to attend classes on campus may have access to opportunities and support off campus. It looks at the information base from one end of the world to the other, allowing one to learn at their own pace.
 

COVID-19 ANALYSIS

Schools all over the world have been forced to close because to the COVID-19. Around the world, more than 1.2 billion youngsters are not attending school. With the advent of e-learning, which enables students to receive instruction remotely and through digital platforms, education has undergone significant changes. Because no nation prepared for or anticipated the effects of the global epidemic, neither the government nor parents have taken any preventative measures to ensure that children receive an education. In this case, online tutoring is essential for bridging the academic gap that has grown during that period. Before the coronavirus made its appearance, the industry was expanding due to a number of causes, such as the emergence of open institutions and the accessibility of online courses given by academics from top universities.
 

MARKET TREND

Rising Adoption of Smartphones Driving Market Growth

The rapid uptake of smartphones, which enables learning to take place anywhere, is one of the main factors contributing to the global popularity of online tutoring services. For instance, India's first-ever design competition was introduced in November 2021 due to a collaboration between Canva, a visual communications platform, and Vedantu, a prominent provider of LIVE online learning and online tutoring. Both businesses want to emphasize the inventiveness, curiosity, and learning of children and teachers across the nation through this partnership.
 

MARKET DRIVERS

Growing Digitalization Across Globe Drive Market Growth

Online learning methods have become very popular due to advantages including improved focus, ease, and cost effectiveness. Online learning is advantageous since it boosts productivity and efficiency for both students and teachers. Partnerships and collaborations between mobile app developers and content providers have helped to develop smart learning solutions. The market is expected to grow significantly during the projected period as a result of the broad acceptance of these services among students and workers in businesses.
 

Growing Significance of STEM Education Propel Market Growth

The market for online tutoring is growing as a result of the growing importance of STEM education among students, parents, and other educational stakeholders worldwide. STEM courses are combined into a single learning paradigm with applications in the real world. The rise in professional opportunities in STEM fields is one of the primary causes of the growing popularity of STEM courses throughout the anticipated era.
 

MARKET CHALLENGE

Concerns Pertaining to Lack of Resources in Rural Areas Limit Market Growth

The global market for online tutoring would be constrained by the lack of resources and knowledge among the populace in rural areas. A small change in a specific circumstance can lead to errors, which can be a significant barrier for the global market for online tuition.
 

MARKET SEGMENTATION

The Global Online Tutoring Market is segmented by Course Type, Duration, Tutoring Type, Tutoring Style, End User and Region. Based on the Course Type, the market is categorized into STEM, and Language. Based on Duration, the market is categorized into Short-Term and Long-Term. Based on Tutoring Type, the market is categorized into Structured Tutoring, On-Demand Tutoring. Based on Tutoring Style, the market is categorized into Test Preparation Service, Subject Tutoring Service. Based on End User, the market is categorized into K-12, Higher Education, and Others. Based on the Region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
 

By Course Type

The market is divided into stem and language categories based on the segmentation of course type. The growing relevance of STEM education among students, parents, and other educational stakeholders throughout the world is driving the online tutoring market ahead, and the stem segment is predicted to hold the lion's share of the market share. STEM courses are combined into a single learning paradigm with applications in the real world. The rise in professional opportunities in STEM fields is one of the primary causes of the growing popularity of STEM courses throughout the anticipated era. To balance the supply and demand of STEM jobs, nations like China, India, the United States, and the United Kingdom are putting more and more emphasis on STEM education. Governments all throughout the world have emphasized the importance of STEM subjects.  
 

By Duration

The market is divided into two categories based on the duration segment: short-term and long-term. Due to public demand for long-term courses, the long-term sector is anticipated to hold the majority of the market share. The advantages of online learning have been acknowledged by numerous academic organizations and students. Due to their high cost, long-term courses make up a sizable share of the market. It enables students to learn the reskilling course thoroughly and to work more quickly. Long-term programs have also been introduced to enable ongoing development of teaching strategies for pupils with limited financial means.
 

MARKET SEGMENTATION: BY REGION

The Global Online Tutoring Market is categorized into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
 

North America is anticipated to have the largest market share of the worldwide market for online tutoring due to the region's large clientele and reputable ICT solution providers are responsible for its significant market share. For instance, a U.S. based EdTech platform named Chegg Inc. recently introduced a new feature called "Learn with Chegg" to support individualized learning. Using this application, students might plan their study by utilizing Chegg's many resources, including practice questions, flashcards, expert assistance, writing assistance, and other AI-enabled features. Among the many service providers in the area are ArborBridge, Chegg Inc., Club Z! Inc., and Kaplan, Inc. However, Asia Pacific is anticipated to see the greatest growth rate throughout the projected period of the global online tutoring market due to the region's business potential have increased due to the growth of online tutoring platforms and apps. The target student population's swift increase in awareness of the advantages of non-traditional learning has also increased the potential revenue for the local market.
 

COMPETETIVE ANALYSIS

• Ambow Education Holding Ltd.
• ArborBridge Inc.
• BYJU’S
• Chegg Inc.
• China Distance Education Holdings Ltd.
• Club Z! Inc
• D2L Corporation
• Fleet Education Services Ltd.
• Growing Stars Inc.
• iTutorGroup
• John Wiley & Sons Inc.
• K12 Inc.
• My Tutorweb Ltd.
• New Oriental Education and Technology Group Inc.
• Pearson Plc
• Preply Inc.
• Providence Equity Partners LLC
• Sylvan Learning LLC
• TAL Education Group
• Think & Learn Pvt. Ltd.
• Varsity Tutors LLC
• Vedantu Innovations Pvt. Ltd.
• Others

RECENT DEVELOPMENT

• September 2021: BYJU'S and NITI Aayog have joined to offer free tech-driven learning programs to aspirational districts. In order to provide the pupils from the aspirational district with a quality education and an effort to provide education for all, the partnership with NITI Aayog will be beneficial.   

REPORT OVERVIEW

The scope of the report includes a detailed study of regional markets for Global Online Tutoring Market. The Global Online Tutoring Market is segmented by Course Type, Duration, Tutoring Type, Tutoring Style, End User and Region. It shows the state of the market and the outlook. The study also discusses the important information that is displayed in tables and graphs. The report covers information regarding the competitive outlook including the market share and company profiles of the key participants operating in the Global Online Tutoring Market.     
 

SEGMENTATION

By Course Type

• STEM
• Language

By Duration

• Short-term
• Long-term  

By Tutoring Type

• Structured Tutoring
• On-Demand Tutoring

By Tutoring Style

• Test Preparation Service
• Subject Tutoring Service
• Others

By End User

• K-12
• Higher Education
• Others

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy, Spain, Rest of Europe
• Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
• South America- Brazil, Argentina, Colombia, Rest of South America 
• The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa