NEW YORK, Nov. 12, 2021 /PRNewswire/ — According to the research report “Online Tutoring Market – Forecast and Analysis Report 2021-2025“, the market is expected to have a YOY growth rate of 15.10% in 2021 and is expected to grow at a CAGR of 16% between 2020 and 2025.
APAC is the largest market for online tutoring. The availability of apps and wearables for online tutoring, the growing popularity of online microlearning, and the standardization of tests will facilitate the online tutoring market growth in APAC over the forecast period.
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Vendor Insights
The Online Tutoring Market is fragmented with the presence of several global and regional players. The report also offers information on several market vendors, including Ambow Education Holding Ltd., China Distance Education Holdings Ltd., D2L Corp., iTutorGroup, K12 Inc., Pearson Plc, TAL Education Group, Think & Learn Pvt. Ltd., Varsity Tutors LLC, and Vedantu Innovations Pvt. Ltd. among others.
Some of the leading players in the market are deploying growth strategies such as product innovation to compete in the market.
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Geographical Market Analysis
APAC will provide maximum growth opportunities in the Online Tutoring Market during the forecast period. According to our research report, the region currently holds 44% of the global market share and is expected to dominate the market through 2025. China and India are the key markets for online tutoring in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Know more about this market’s geographical distribution along with the detailed analysis of the top regions. https://www.technavio.com/report/online-tutoring-market-industry-analysis
Key Market Trends & Challenges:
The advanced technologies such as mobile apps and wearables are considered as recent trends of the online tutoring market which is positively impacting the growth. VR and smartwatches are expected to be the most popular technologies in virtual classrooms as it creates a unique environment for studying. Along with the use of VR in online lessons, tutors are enhancing their sessions with various mobile apps. The proliferation of smartphones, coupled with the increasing penetration of the Internet, is fueling the demand for mobile learning apps.
According to Technavio’s report threat from open-source and private tutoring will hamper the market growth. Consumers who cannot afford a paid online tutoring service will opt for tutoring programs offered by open-source online tutoring firms. Similarly, there are numerous private tutoring firms available in the market. Private tutors give personal attention to students, whereas the interaction between a tutor and a student is not that effective in online tutoring. Furthermore, private tutors will get to know a student’s learning style and can modify teaching methods based on the requirements of the student. These factors pose a challenge to the online tutoring market.
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About Us:
Online Tutoring Market Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Accelerate at a CAGR of 16%
Market growth 2021-2025
USD 153.07 billion
Market structure
Fragmented
YoY growth (%)
15.10
Regional analysis
APAC, Europe, North America, South America, and MEA
Performing market contribution
APAC at 44%
Key consumer countries
China, US, India, UK, and Germany
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Ambow Education Holding Ltd., China Distance Education Holdings Ltd., D2L Corp., iTutorGroup, K12 Inc., Pearson Plc, TAL Education Group, Think & Learn Pvt. Ltd., Varsity Tutors LLC, and Vedantu Innovations Pvt. Ltd.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/
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SOURCE Technavio
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