Press release
Online Tutoring Market 2020 Growth Analysis, Opportunities And Forecast To 2023
The Business Research Company
The online tutoring market is expected to grow from $1.3 billion in 2019 to $1.53 billion in 2020 at a compound annual growth rate (CAGR) of 18.0%. The growth is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing led to the closure of schools and colleges and increased demand for online tutoring. The market is then expected to grow and reach $2.38 billion in 2023 at a CAGR of 15.7%.
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The online tutoring market consists of sales of online tutoring services and related products by entities (organizations, sole traders and partnerships) that provide online tutoring services. Online tutoring is the tutoring process in a digital, interactive, or connected environment wherein teachers and students are in different geographical locations.
The increasing demand for e-learning due to the impact of COVID-19 is driving the growth of the online tutoring market. COVID-19 has resulted in the closure of schools around the world. As a result, education has changed dramatically, with a marked rise in e-learning and online tutoring taking place remotely and through online platforms.
Online Tutoring Market Segmentation:
By Type
1. STEM Courses
2. Language Courses
3. Other Courses
By Application
1. K-12
2. College Students
3. In-service Education
4. Others
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Few Points From Table Of Content
1. Executive Summary
2. Online Tutoring Market Characteristics
3. Online Tutoring Market Size And Growth
4. Online Tutoring Market Segmentation
5. Online Tutoring Market Regional And Country Analysis
……
25. Online Tutoring Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Online Tutoring Market
27. Online Tutoring Market Trends And Strategies
28. Online Tutoring Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the online tutoring market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the online tutoring market are Vedantu Innovations Pvt. Ltd., China Distance Education Holdings Ltd., Chegg, BYJU’S, Embibe, Khan Academy, TutStu Education, Club Z! Inc., iTutorGroup, New Oriental Education & Technology Group, Pearson Plc, TAL Education Group, Ambow Education Holding Ltd., ArborBridge Inc., Tutor Eye Inc., Varsity Tutors, ThoughtCo., GradeStack Learning Pvt. Ltd., Fleet Education Services.
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About US:
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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