NEW YORK, May 6, 2024 /PRNewswire/ — The global online tutoring market size is estimated to grow by USD 196.35 billion from 2023 to 2027, according to Technavio. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 15.38% during the forecast period.
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Courses (STEM, Language courses, and Other courses) and Platform (Desktop tutoring and Mobile tutoring)
Ambow Education Holding Ltd., ArborBridge LLC, China Distance Education Holdings Ltd., Club Z Inc., D2L Corp., Fleet Education Services Ltd., Growing Stars Inc., iTutorGroup Ltd., John Wiley and Sons Inc., My Tutorweb Ltd., New Oriental Education and Technology Group Inc., Nuevo Agora Centro De Estudios SL, Pearson Plc, Preply Inc, Stride Inc., Sylvan Learning LLC, TAL Education Group, Think and Learn Pvt. Ltd., Varsity Tutors LLC, and Vedantu Innovations Pvt. Ltd.
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1.1 STEM – The market share of STEM education, covering science, tech, engineering, and math, is set to grow notably. Countries like China, India, US, and UK are keen on enhancing STEM education to meet job demands. This rise started in 2017 at $64.06 billion, continuing till 2021. In India, exams like JEE and NEET-UG require STEM knowledge for engineering and medical admissions. Hence, online tutors like Ambow Education, Club Z! Inc, and TAL Education Group provide STEM tutoring. Standardized exams drive competition, pushing students towards STEM tutoring programs.
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The online tutoring market is witnessing significant growth, driven by factors like geographical reach, flexible learning methods, and the increasing demand from both school students and corporate professionals. Partnerships and collaborations between mobile app developers, content providers, and smart learning solutions are facilitating continuous technological advancements. Portable communication devices’ connectivity enables seamless access to digital teaching resources, supported by government initiatives.
Qualified, trained teachers leverage distance learning policies to provide effective online teaching across various subjects. AI-driven platforms cater to the on-demand segment, especially during the coronavirus pandemic, which led to nationwide school closures. E-learning portals offer personalized instructions through video conferencing and screen sharing, enhancing students’ study habits and academic performance.
The market encompasses various tutoring styles, including subject tutoring, homework assistance, and skill trades. Flexibility in scheduling accommodates learners with hectic schedules or remote locations. Online education services aim for affordability and accessibility, particularly benefiting lower-income families. With investments from startups and the proliferation of e-learning platforms, the online tutoring market is poised for continuous growth, offering customized learning solutions for a diverse range of learners worldwide.
Online tutoring services offer accessible education solutions globally. Geographical location is no longer a barrier with online learning methods. Students can adapt their lifestyle while accessing educational resources. Businesses recognize the potential of online tutoring, investing in finance and infrastructure. Music education thrives through virtual platforms. Reliable internet connection ensures seamless learning experiences. In-person sessions remain valuable for some, complementing online resources. Interactive whiteboards enhance engagement, facilitating dynamic learning environments.
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1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation
7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends10 Venodr Landscape11 Vendor Analysis12 Appendix
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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/
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