Global Online Tutoring Market Forecast 2024-2033: Estimated Market Size And Growth Rate
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The online tutoring market has shown rapid growth, rising from $9.68 billion in 2023 to $11.15 billion in 2024 at a compound annual growth rate (CAGR) of 15.2%. The growth in the historic period is attributed to the globalization of education, increased academic competition, busy lifestyles and time constraints, the appeal of customized learning paths, and access to specialized expertise. Looking forward, the market is expected to continue its rapid growth, reaching $20.07 billion in 2028 at a CAGR of 15.8%. The forecasted expansion is linked to continued emphasis on academic excellence, the adoption of remote learning and hybrid education models, a rise in homeschooling practices, global skill development initiatives, and the adaptation to individual learning styles. Noteworthy trends in the forecast period include data-driven personalization, the emergence of AI-powered tutors, flexible scheduling and accessibility, parental involvement features, and integration with e-learning platforms.
The surge in demand for e-learning, catalyzed by the COVID-19 pandemic, is driving the growth of the online tutoring market as educational institutions transition to remote learning environments. The closure of schools worldwide necessitated a swift shift towards e-learning platforms and online tutoring services. Notably, India-based educational technology firm Byju’s experienced a 200% increase in new student enrollment following the announcement of free live classes on its Think and Learn app. The pandemic-induced shift towards e-learning is anticipated to fuel sustained growth in the online tutoring market, reflecting increased market size in 2023, 2024, and beyond.
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What Are The Key Trends That Influence Online Tutoring Market Share Analysis?
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. For instance, in September 2022, Tutor.com, a US-based online tutoring company launched Learner Engagements Online (LEO), an institutional tutoring platform designed to consolidate 24/7 academic assistance for students, as well as tools for scheduling and actionable statistics for institutions. Other online tutoring companies such as Class Dojo and rainscape have also invested in gamification.
Which Market Players Are Driving Growth In The Online Tutoring Market?
Major companies operating in the online tutoring market report are Beijing Magic Ears Technology Co. Ltd., Pearson plc, New Oriental Education & Technology Group Inc., China Distance Education Holdings Ltd., TAL Education Group, Think and Learn Pvt. Ltd., Chegg Inc., Wyzant Inc., Varsity Tutors LLC, Club Z Inc., Skillshare Inc., GradeStack Learning Pvt. Ltd., Simplilearn Solutions Pvt. Ltd., Cambly Inc., Teachable Inc., Preply Inc., Ambow Education Holding Ltd., Khan Academy Inc., iTutorGroup Inc., Tutor Eye Inc., ArborBridge Inc., Vedantu Innovations Pvt. Ltd., TutStu Education, Thought Co., Fleet Education Services Ltd., Structured Tutoring, On-demand Tutoring, Qkids Teacher, TutorMe LLC., Tabtor Math Inc.
How Is The Global Online Tutoring Market Segmented?
The online tutoring market covered in this report is segmented –
1) By Type: STEM Courses, Language Courses, Other Courses
2) By Application: K-12, College Students, In-Service Education, Other Applications
3) By Sales Channel Types: Private Coaching, International Organizations And Associations, Educational Institutes, Other Channels
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The Online Tutoring Global Market Report 2024 provides an overview of the online tutoringmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The online tutoring market forecast analyzes online tutoring market size, online tutoring market share, leading competitor and their market positions.
The Table Of Content For The Online Tutoring Market Include
1. Online Tutoring Market Executive Summary
2. Online Tutoring Market Segments
3. Online Tutoring Market Size And Template Market Growth Rate
4. Key Online Tutoring Market Trends
5. Major Online Tutoring Market Drivers
……
25. Key Mergers And Acquisitions In The Online Tutoring Market
26. Top Online Tutoring Companies
27. Online Tutoring Market Opportunities And Strategies
28. Online Tutoring Market, Conclusions And Recommendations
29. Appendix
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