The demand for online tutoring from growing number of students appearing for competitive and other examinations with flexibility of time and learning speed is driving the growth of global online tutoring services market. There has been consistent rise in students appearing for competitive examinations to secure admissions in esteemed institutions abroad. For instance, the British Council reported that students appearing for International English Language Testing System (IELTS) examination increased to 3.5 million in 2018. In other such instance, students appearing for Graduate Management Admission Test (GMAT) have also increased to 242,000 in 2018. Amidst the period of COVID-19 pandemic, where schools worldwide are facing lockdown, students are striving to avail learning facilities to continue their education and preparation for competitive exams. The pandemic has affected more than 70% of world student population, as reported by United Nations Educational, Scientific and Cultural Organization (UNESCO). With traditional tutoring facilities facing shutdown, students are turning over to online tutoring services provider such as Preply, Cambly and others which provide online mentoring to students for excelling in these exams. Also, Preply has received about US$ 10 million in series A funds in the wake of recent pandemic which depicts their business growth. The company plans to invest these funds to captivate North American market. A study released by Academic Senate for California Community Colleges in 2019 stated that more than 66.3 million students from U.S took at least one online course in 2016, which indicated a rise of 5.6%.. The growing transition to virtual formats of tutoring amongst students, owing to the ongoing pandemic crisis situation is fueling the growth of global online tutoring market.
Request for Sample Copy of This Report@ https://www.absolutemarketsinsights.com/request_sample.php?id=557
Along with the students, working professionals are also at the forefront of utilizing online tutoring services to enhance their skillset and attain reputable position in their career. Companies are organizing online sessions and funding their employee personnel to undertake skill development courses. For instance, Yahoo sponsored its employees to get online certifications from Coursera. Companies including SKILLSFOX and LFCC Workforce Solutions provide businesses online tutoring services to empower their workforce with key knowledge of cutting-edge technologies. Moreover, professionals and the youth at large are opting utilizing this downtime to enhance their soft skills through online tutoring courses. Hence, the growing adoption of online courses by professionals is contributing towards the growth of global online tutoring services market.
In terms of revenue, global online tutoring services market was valued at US$ 77.12 Bn in 2018 and is anticipated to reach US$ 151.40 Bn in 2027, growing at a CAGR of 7.8% over the forecast period. The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
Enquiry Before Buying @ https://www.absolutemarketsinsights.com/request_sample.php?id=557
The detailed research study provides qualitative and quantitative analysis of online tutoring services market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Request for Customization@ https://www.absolutemarketsinsights.com/request_for_customization.php?id=557
Key Findings of the Report:
- The global online tutoring services market is anticipated to witness a compound annual growth rate of 7.8% over the forecast period owing to growing demand for online assistance among students.
- Group online tutoring is popular amongst the students and contributes to a large share of online tutoring services market owing to cost effectiveness of the learning format.
- Synchronous tutoring or live tutoring held highest share in the global online tutoring services market due to the preference of students for high interactive experience.
- North America held the highest market share in global online tutoring services market market in 2018. Asia Pacific is expected to register high growth rate over the period of next eight years owing to rising investment towards online learning in the region.
- Some of the players operating in the online tutoring services market are BYJU'S, Chegg Inc., Educators Group (SchoolTutoring Academy), Growing Stars, K12 Inc., MySchoolPage, MyTutorWeb Ltd, Pearson, Skooli, Tutor.com, Tutordip, TutorEye Inc., eTutorWorld, TAL Education Group, Tutorfair Ltd., Vedantu.com., Revolution Prep., VIPKID Beijing ICP, Preply Inc., Varsity Tutors, Vnaya.com and Wyzant, Inc. amongst others.
Global Online Tutoring Services Market:
- By Program Type
- By Type
- Synchronous Tutoring (Live)
- Asynchronous Tutoring (Pre-Recorded)
- By Platform
- By Offering
- Subject-Based Tutoring Services - HIGHEST SHARE IN 2018
- Social Studies
- Computer Science
- Test Preparations Services
- Subject-Based Tutoring Services - HIGHEST SHARE IN 2018
- By Revenue Model
- Subscription-Based Model
- Pay-as-You-Go Model
- By End Users
- Educational Institutions
- Higher Education
- By Region
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
- North America
Get Full Information of this premium report@ https://www.absolutemarketsinsights.com/reports/Global-Online-Tutoring-Services-Market-2019-2027-557
Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.
From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.
Company: Absolute Markets Insights
Email id: firstname.lastname@example.org
Contact Name: Shreyas Tanna
The Work Lab,
Model Colony, Shivajinagar, Pune, MH, 411016
Tags : Online Tutoring Services, Online Tutoring Services Market, Online Tutoring Services Market research, Online Tutoring Services Market research reports, Online Tutoring Services Market Research Company, syndicated Online Tutoring Services Market research, Online Tutoring Services Market size and forecasts, Online Tutoring Services Market Industry Analysis, Online Tutoring Services Market Custom Research and Consulting, Trends, Industry Analysis, Market Research Trends, Volume, Value Trade,