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Online Tutoring Market Growth Fueled by E-Learning Demand, Expected to Reach $20.07 Billion by 2028
Online Tutoring Market Report
As per the report, the online tutoring market size has grown rapidly in recent years. It will grow from $9.68 billion in 2023 to $11.15 billion in 2024 at a compound annual growth rate (CAGR) of 15.2%. The online tutoring market size is expected to see rapid growth in the next few years. It will grow to $20.07 billion in 2028 at a compound annual growth rate (CAGR) of 15.8%.
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E-Learning Surge How Covid-19 Transformed Education And Fueled The Online Tutoring Market
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.
Elevating Learning Experiences Online Tutoring Companies Embrace Gamification Trends For Enhanced User Engagement
Companies in the online tutoring market are increasingly investing in trends such as gamification for better user engagement. Gamification in e-learning and online tutoring is expected to inspire a game-like reaction and engagement among learners. This results in improved information retention, motivation, and increased productivity. For instance, in September 2022, Tutor.com, a US-based online tutoring company launched Learner Engagements Online (LEO), an institutional tutoring platform designed to consolidate 24/7 academic assistance for students, as well as tools for scheduling and actionable statistics for institutions. Other online tutoring companies such as Class Dojo and rainscape have also invested in gamification.
The online tutoring market covered in this report is segmented -
1) By Type: STEM Courses, Language Courses, Other Courses
2) By Application: K-12, College Students, In-Service Education, Other Applications
3) By Sales Channel Types: Private Coaching, International Organizations And Associations, Educational Institutes, Other Channels
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Major companies operating in the online tutoring market report are Beijing Magic Ears Technology Co. Ltd., Pearson plc, New Oriental Education & Technology Group Inc., China Distance Education Holdings Ltd., TAL Education Group, Think and Learn Pvt. Ltd., Chegg Inc., Wyzant Inc., Varsity Tutors LLC, Club Z Inc., Skillshare Inc., GradeStack Learning Pvt. Ltd., Simplilearn Solutions Pvt. Ltd., Cambly Inc., Teachable Inc., Preply Inc., Ambow Education Holding Ltd., Khan Academy Inc., iTutorGroup Inc., Tutor Eye Inc., ArborBridge Inc., Vedantu Innovations Pvt. Ltd., TutStu Education, Thought Co., Fleet Education Services Ltd., Structured Tutoring, On-demand Tutoring, Qkids Teacher, TutorMe LLC., Tabtor Math Inc.
Contents of the report:
1. Executive Summary
2. Online Tutoring Market Report Structure
3. Online Tutoring Market Trends And Strategies
4. Online Tutoring Market - Macro Economic Scenario
5. Online Tutoring Market Size And Growth
…..
27. Online Tutoring Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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