PUBLISHER: Value Market Research | PRODUCT CODE: 1352819
PUBLISHER: Value Market Research | PRODUCT CODE: 1352819
The global demand for Online Tutoring Services Market is presumed to reach the market size of nearly USD 39.67 BN by 2030 from USD 9.79 BN in 2022 with a CAGR of 16.82% under the study period 2023 - 2030.
Online tutoring services are a popular concept nowadays, which refers to the process of tutoring or teaching in a virtual environment. The coming of the superfast internet and data transfer facility let the tutors and the students impart knowledge online simultaneously. Through this process, it has become possible to exchange knowledge irrespective of geographical boundaries. The increasing use of smartphones has made it easier than before. Online tutoring services are beneficial as one can receive knowledge from the comfort of home and connect to the world's best teachers in any field. It gives the flexibility of scheduling classes as per convenience. Furthermore, one can customize his classes depending on his weak areas of learning. One can gain personalized attention during online tutoring.
The ease of learning, improved focus, economics, and convenience are the factors that are leading to the rapid adoption of online tutoring services. Both tutors and learners can increase their efficiency and productivity through this process. The coming of smart learning solutions because of the partnership between mobile app developers and content providers and the growing adoption of these services by academic institutions and corporate professionals is responsible for the growth of this market. The advancements in portable communication devices connectivity also contribute to the growth of online learning modes. The government initiatives for digital teaching in developing countries offer encouragement of online tutoring in educational institutions. This pandemic created an excellent opportunity for online tutoring services to continue their distance learning solutions. Governments worldwide are focusing on online teaching and learning methods thus, driving the market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of online tutoring services. The growth and trends of online tutoring services industry provide a holistic approach to this study.
This section of the online tutoring services market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Online Tutoring Services market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the online tutoring services market include Ambow Education, ArborBridge, Beijing Magic Ears Technology Co. Ltd., BYJU'S, Chegg Inc., Club Z! Inc., iTutorGroup, Qkids Teacher, Varsity Tutors, Vedantu.com. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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