Online tutoring market size to grow by USD 196.35 billion from 2022 to 2027: Growing importance of STEM education to drive growth

NEW YORK, March 6, 2023 /PRNewswire/ — The global online tutoring market size is estimated to increase by USD 196.35 billion from 2022 to 2027. The market’s growth momentum will accelerate at a CAGR of 15.38% during the forecast period. The growing importance of STEM education is driving the global online tutoring market growth. The growing importance of STEM education is driving the global online tutoring market growth.  Discover some insights on market size, historic period (2017 to 2021), and forecast (2023 to 2027) before buying the full report – Request a sample report

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

Leading driver

The growing importance of STEM education is driving the global online tutoring market growth. STEM curriculum is based on four disciplines, namely science, technology, engineering, and mathematics. These subjects are integrated into a unified learning model based on real-world applications. STEM curriculum trains students on job-relevant skills. Therefore, the increasing number of STEM job opportunities, along with the rising competition in STEM competitive exams, will encourage more students to enroll in online tutoring services during the forecast period.

Key trends

Apps and wearables for online tutoring are key trends in the market. Tutors are using technologies such as VR and mobile apps for online sessions. The proliferation of smartphones, along with the increasing penetration of the Internet, has fueled the demand for mobile learning apps. VR devices and smartwatches can be used to share content easily. Therefore, more vendors are expected to integrate such technologies into their offerings during the forecast period.

Major challenges

The threat from open-source and private tutoring is challenging the global online tutoring market growth. Online tutoring vendors provide paid tutoring courses. However, many open-source online tutoring firms offer free programs. Hence, many price-sensitive consumers prefer free services offered by open-source tutoring firms. Therefore, the growing demand for open-source and private tutoring will hinder the growth of the market during the forecast period.

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Online tutoring market – Vendor analysis
Vendor landscape –

The global online tutoring market is fragmented, with the presence of several vendors. A few prominent vendors that offer online tutoring in the market are 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. and others.

Vendor offerings –

  • 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.

  • For details on vendors and their offerings – Request a sample report

Online tutoring market – Segmentation Assessment

Segment overview
Technavio has segmented the market based on courses (STEM, language courses, and other courses),  platform (desktop tutoring and mobile tutoring).

  • The STEM segment will account for a significant share of the market growth during the forecast period. It includes tutoring services in STEM subjects for K-12 and higher education students. Countries such as China, India, the US, and the UK are focusing on STEM education to reduce the supply-demand gap in STEM-related jobs. Such initiatives will drive the growth of this segment during the forecast period.

Geography overview
Based on geography, the global online tutoring market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global online tutoring market.

  • APAC is expected to account for 47% of the market’s growth during the forecast period. China, India, and Japan are the key countries in the online tutoring market in the region. Some of the major vendors offering online tutoring services in the region are Ambow Education Holding Ltd. (Ambow Education), BYJU’s (Think & Learn Pvt. Ltd.), China Distance Education Holdings Ltd. (China Distance Education), iTutorGroup, New Oriental Education and Technology Group Inc. (New Oriental Education), TAL Education Group, and Vedantu Innovations Pvt. Ltd. (Vedantu).

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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 online tutoring market between 2023 and 2027

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

  • Accurate predictions about upcoming trends and changes in consumer behavior

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

  • A 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

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Online Tutoring Market Scope

Report Coverage

Details

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,Germany, and UK, Canada, Mexico, Italy, Spain, India, Japan, Australia, and South Korea

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

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Courses

7 Market Segmentation by Platform

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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

Cision

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