(2023-2032) Online Tutoring Global Market Trends and Forecast Report | By Types, Applications, Regions And Players Vedantu Innovations Pvt. Ltd., China Distance Education Holdings Ltd., Chegg, BYJU'S, Embibe
As per the Online Tutoring market report by The Business Research Company, 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. For example, Byju's, an India-based educational technology and online tutoring company, announced free live classes on its Think and Learn app and saw an increase in the number of new students using its product by 200%. Therefore, the increasing demand for e-learning is expected to drive the growth of the online tutoring market.The global online tutoring market grew from $8.36 billion in 2022 to $9.68 billion in 2023 at a compound annual growth rate (CAGR) of 15.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The online tutoring market is expected to grow from $17.12 billion in 2027 at a CAGR of 15.3%.
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Major competitors in the Online Tutoring market include 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., and Fleet Education Services.
The Online Tutoring market is segmented -
• By Type: STEM Courses, Language Courses, Other Courses
• By Application: K-12, College Students, In-Service Education, Other Applications
• By Sales Channel Types: Private Coaching, International Organizations And Associations, Educational Institutes, Other Channels
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the Online Tutoring market.
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Online tutoring is the tutoring process in a digital, interactive, or connected environment wherein teachers and students are in different geographical locations. Online tutoring services can also help students who need instant homework help. Online tutoring offers a unique and individualized learning experience.
The Table Of Content For The Online Tutoring Market Include:
1. Executive Summary
2. Online Tutoring Market Characteristics
3. Online Tutoring Market Trends And Strategies
4. Online Tutoring Market - Macro Economic Scenario
5. Online Tutoring Market Size And Growth
………..
28. Key Mergers And Acquisitions In The Online Tutoring Market
29. Online Tutoring Market Future Outlook and Potential Analysis
30. Appendix
The "Global Online Tutoring Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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