Press release
Online Tutoring Services Market Is Expected To Expand At A Compound Annual Growth Rate (CAGR) Of 14.9% From 2023 To 2030
Global Online Tutoring Services Market
The global market is poised for substantial growth in the coming years. This impressive expansion can be attributed to several factors, such as the rising demand for online education, personalized learning experiences, and the increasing integration of technology in the educational sector.
The rising need for personalised learning experiences is a key factor in the growth of the market for online tutoring services. With tutors able to customise their teaching methods to each student's unique needs and learning preferences, online tutoring gives pupils the benefit of one-on-one attention. This unique strategy has excelled at improving student achievements and is predicted to increase demand for online tutoring services.
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Last but not least, the market for online tutoring services will expand quickly due to the growing use of technology in education. Modern developments in disciplines like artificial intelligence and machine learning have made it possible for online tutoring services to provide students increasingly sophisticated and successful personalised learning experiences, supporting the market's rising trend.
Global Online Tutoring Services Market: Segmentations
Global Online Tutoring Services Market: Major Players
BenchPrep
Tutor.com Inc.
TutaPoint.com LLC
ArborBridge Inc.
Chegg Inc.
Club Z! Inc.
Pearson Plc
Zovio Inc.
Graham Holdings Co.
Global Online Tutoring Services Market: By Types
Test Preparation Service
Subject Tutoring Service
Global Online Tutoring Services Market: By Applications
Higher Education Institutes
K-12 Schools
Global Online Tutoring Services Market: Regional Analysis
The countries covered in the regional analysis of the Global Online Tutoring Services market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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The market for online tutoring services is rather fragmented, with a few key firms controlling the market. In the years to come, there will likely be a substantial degree of consolidation through mergers and acquisitions. As an illustration, Chegg has been buying up smaller online tutoring businesses like InstaEDU and Cogeon, which has helped the business grow its product line and solidify its market position.
Because they give established firms an opportunity to increase their services and customer bases and get rid of rivals, mergers and acquisitions have become a typical tactic in the market. Due to these mergers and acquisitions, big businesses were created with considerable competitive advantages over smaller rivals.
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
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