Online tutoring market to grow by 15.03% Y-O-Y from 2022 to 2023: Growing Importance of STEM Education will Drive Growth - Technavio

NEW YORK, Dec. 6, 2022 /PRNewswire/ --

Technavio has announced its latest market research report titled Global Online Tutoring Market 2023-2027
Technavio has announced its latest market research report titled Global Online Tutoring Market 2023-2027

Online tutoring market insights -

  • Vendors: 15+, Including Ambow Education Holding Ltd., ArborBridge LLC, China Distance Education Holdings Ltd., Club Z Inc., D2L Corp., Fleet Education Services Ltd., Growing Stars Inc., iTutorGroup Ltd., John Wiley and Sons Inc., My Tutorweb Ltd., New Oriental Education and Technology Group Inc., Nuevo Agora Centro De Estudios SL, Pearson Plc, Preply Inc, Stride Inc., among others

  • Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors

  • Segments: Courses, Platform, and Geography

To understand more about the online tutoring market, request a sample report

In 2017, the online tutoring market was valued at USD 88.07 billion. From a regional perspective, APAC held the largest market share, valued at USD 36.65 billion. The online tutoring market size is estimated to grow by USD 196.35 billion from 2022 to 2027 at a CAGR of 15.38% according to Technavio.

Online tutoring market - Customer Landscape

To help companies evaluate and develop growth strategies, the report outlines –

  • Key purchase criteria

  • Adoption rates

  • Adoption lifecycle

  • Drivers of price sensitivity

  • For highlights on customer landscape analysis, download a report sample!

Online tutoring market - Vendor Insights

The global online tutoring market is fragmented. The market is witnessing the entry of many enterprises and startups, which is expected to further increase the fragmentation during the forecast period. Both international and regional players prevail in the market, including the ones with diverse service portfolios and single-solution providers. All these vendors play a critical role in the development of global digital education systems. International players are focusing on growing inorganically by acquiring regional or local players. This market's competitive environment will intensify further during the forecast period, with an increase in product or service extensions, technological innovations, and M&As. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including -

  • Ambow Education Holding Ltd. - The company offers online tutoring such as K-12 educational services.

  • ArborBridge LLC - The company offers online tutoring for SAT and ACT coaching.

  • China Distance Education Holdings Ltd. - The company offers online tutoring for accounting, healthcare, engineering, and construction.

Online tutoring market - Market Dynamics

Major Drivers:

  • Growing importance of STEM education

  • Strong global demand for test preparation

  • Increasing focus on language learning

Key Challenges:

  • Threat from open-source and private tutoring

  • Difficulties in developing and distributing digital content

  • Data security and privacy issues in the online tutoring industry

Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

The online tutoring market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

Why buy?

  • Add credibility to strategies

  • Analyze competitor's offerings

  • Get a holistic view of the market

Grow your profit margins with Technavio - Buy the Report

What are the key data covered in this online tutoring market report?

  • CAGR of the market during the forecast period.

  • Detailed information on factors that will drive the growth of the market between 2023 and 2027

  • Precise estimation of the online tutoring market size and its contribution to the parent market.

  • Accurate predictions about upcoming trends and changes in consumer behavior.

  • Growth of the market industry across APAC, Europe, North America, South America, and the Middle East and Africa.

  • Thorough analysis of the market's competitive landscape and detailed information about vendors.

  • Comprehensive analysis of factors that will challenge the growth of online tutoring market vendors.

Related Reports:

  • The predicted growth for the digital education content market size from 2021 to 2026 is USD 47.10 billion at a progressing CAGR of 11.94%. The rapid penetration of internet-enabled devices is notably driving the digital education content market growth, although factors such as increased availability of open educational resources may impede the market growth.

  • The online education market report is a comprehensive research document that provides in-depth qualitative and quantitative intelligence. Technavio's analysts estimate the market size growth of USD 148.22 billion from 2022 to 2027, at a CAGR of 9.49%. The Standardization of tests is notably driving the online education market growth, although factors such as inadequate cybersecurity measures may impede the market growth.

Online Tutoring Market Scope

Report Coverage

Details

Page number

166

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 15.38%

Market growth 2023-2027

USD 196.35 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

15.03

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 47%

Key countries

US, China, Japan, India, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Ambow Education Holding Ltd., ArborBridge LLC, China Distance Education Holdings Ltd., Club Z Inc., D2L Corp., Fleet Education Services Ltd., Growing Stars Inc., iTutorGroup Ltd., John Wiley and Sons Inc., My Tutorweb Ltd., New Oriental Education and Technology Group Inc., Nuevo Agora Centro De Estudios SL, Pearson Plc, Preply Inc, Stride Inc., Sylvan Learning LLC, TAL Education Group, Think and Learn Pvt. Ltd., Varsity Tutors LLC, and Vedantu Innovations Pvt. Ltd.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

  • 1.1 Market overview

2 Market Landscape

  • 2.1 Market ecosystem

3 Market Sizing

  • 3.1 Market definition

  • 3.2 Market segment analysis

  • 3.3 Market size 2022

  • 3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

  • 4.1 Global online tutoring market 2017 - 2021

  • 4.2 Course Segment Analysis 2017 - 2021

  • 4.3 Platform Segment Analysis 2017 - 2021

  • 4.4 Geography Segment Analysis 2017 - 2021

  • 4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

  • 5.1 Five forces summary

  • 5.2 Bargaining power of buyers

  • 5.3 Bargaining power of suppliers

  • 5.4 Threat of new entrants

  • 5.5 Threat of substitutes

  • 5.6 Threat of rivalry

  • 5.7 Market condition

6 Market Segmentation by Courses

  • 6.1 Market segments

  • 6.2 Comparison by Courses

  • 6.3 STEM - Market size and forecast 2022-2027

  • 6.4 Language courses - Market size and forecast 2022-2027

  • 6.5 Other courses - Market size and forecast 2022-2027

  • 6.6 Market opportunity by Courses

7 Market Segmentation by Platform

  • 7.1 Market segments

  • 7.2 Comparison by Platform

  • 7.3 Desktop tutoring - Market size and forecast 2022-2027

  • 7.4 Mobile tutoring - Market size and forecast 2022-2027

  • 7.5 Market opportunity by Platform

8 Customer Landscape

  • 8.1 Customer landscape overview

9 Geographic Landscape

  • 9.1 Geographic segmentation

  • 9.2 Geographic comparison

  • 9.3 APAC - Market size and forecast 2022-2027

  • 9.4 Europe - Market size and forecast 2022-2027

  • 9.5 North America - Market size and forecast 2022-2027

  • 9.6 South America - Market size and forecast 2022-2027

  • 9.7 Middle East and Africa - Market size and forecast 2022-2027

  • 9.8 China - Market size and forecast 2022-2027

  • 9.9 US - Market size and forecast 2022-2027

  • 9.10 Japan - Market size and forecast 2022-2027

  • 9.11 Germany - Market size and forecast 2022-2027

  • 9.12 UK - Market size and forecast 2022-2027

  • 9.13 India - Market size and forecast 2022-2027

  • 9.14 Market opportunity by geography

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers

  • 10.2 Market challenges

  • 10.3 Impact of drivers and challenges

  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview

  • 11.2 Vendor landscape

  • 11.3 Landscape disruption

  • 11.4 Industry risks

12 Vendor Analysis

  • 12.1 Vendors covered

  • 12.2 Market positioning of vendors

  • 12.3 Ambow Education Holding Ltd.

  • 12.4 ArborBridge LLC

  • 12.5 China Distance Education Holdings Ltd.

  • 12.6 Club Z Inc.

  • 12.7 D2L Corp.

  • 12.8 Fleet Education Services Ltd.

  • 12.9 Growing Stars Inc.

  • 12.10 iTutorGroup Ltd.

  • 12.11 John Wiley and Sons Inc.

  • 12.12 Pearson Plc

  • 12.13 Stride Inc.

  • 12.14 TAL Education Group

  • 12.15 Think and Learn Pvt. Ltd.

  • 12.16 Varsity Tutors LLC

  • 12.17 Vedantu Innovations Pvt. Ltd.

13 Appendix

  • 13.1 Scope of the report

  • 13.2 Inclusions and exclusions checklist

  • 13.3 Currency conversion rates for US$

  • 13.4 Research methodology

  • 13.5 List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Global Online Tutoring Market 2023-2027
Global Online Tutoring Market 2023-2027
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