Press release
Global Online Tutoring Market Size & Share, Growth, Trends, and Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Online Tutoring" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Online tutoring is a process of tutoring in a virtual or networking environment in which learners and teachers interact to impart knowledge in the given time and space. Prevalence of internet facilities has facilitated the growth of various approaches to learning. Increasing emphasis on entrance examinations by different universities across the globe is expected to fuel the growth in demand for online tutoring over the forecast period. Rise in adoption of private online tutoring across institutions as an additional learning scope for students is expected to drive the growth prospects of the online tutoring market. Rise in student preference for higher education as a result of intense competition in schools and colleges is likely to drive the online tutoring market in the near future. Numerous universities conduct entrance examinations such as the American College Testing (ACT) and SAT to select students on the basis of merit. Rise in the number of learning centers is likely to act as the push factor for the growth of the online tutoring market over the forecast period. Learning centers offer new and innovative products and services that help to understand the insights of the customers. It also help us to get aware about the various services offered by competitors to improve on the existing set of online materials. Mobile enabled online tutoring services have led to the improvement of virtual learning technologies. This is likely to impact the growth of the online tutoring market in the coming years. Information and communications technology infrastructure advancements have enriched the process of real time exchange of information. Online tutoring is an emerging trend among working professionals as they can opt for their preferred courses through this process.
The online tutoring market is classified by courses and analysis. On the basis of courses and analysis, the market has been segregated into language courses and STEM courses. STEM courses held majority of the market share of the online tutoring market in 2016 and is expected to retain its position over the forecast period. Growth of enrollment in science and mathematics courses has led to growth of this segment. There has been a steady growth of online tutoring services for both teachers and students owing to the ease of information sharing and uninterrupted communication.
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By geography, the online tutoring market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America held the dominant share of the online tutoring market in 2016 and is expected to retain its position during the forecast period. Presence of several global vendors for online tutoring has been a primary factor of growth for the online tutoring market in this region. Numerous institutions and universities have shifted their focus to smart learning solutions which in turn has pushed the growth of the online tutoring market in North America. The U.S. is likely to hold majority of the market share of the online tutoring market by the end of the forecast period. The market in Europe is likely to grow at a rapid pace owing to the rise in implementation of widespread digitalization. Asia Pacific is one of the promising regions for the online tutoring market due to the rapid penetration and adoption of online education solutions in this region. With the advent of digitalization, this region is likely to gain traction for the growth of online tutoring in the coming years.
The online tutoring market is highly competitive due to the presence of significant number of international and local players. Global vendors have improved on the technology, quality, and pricing in order to expand their business in untapped regions. Major players in the online tutoring market are Fleet Education Services, Pearson ELT, Huntington Learning Center, Club Z! Tutoring, BenchPrep, ArborBridge, C2 Education, Knewton, Sylvan Learning, EF Education First, Kaplan, A Plus-All Subjects Tutoring, and Revolution Prep, among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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