Online Tutoring Market is anticipated to grow with a CAGR of 15.30% during the forecasted period
Online Tutoring Market accounted for US$8.131498 billion in 2020 and is estimated to be US$ 33.84371 billion by 2030 and is anticipated to register a CAGR of 15.3% The growing popularity of online micro-learning will have a positive impact on the market and contribute to its growth significantly over the forecast period. Candidates eager to learn or enrol in a course can benefit from online tutoring in a variety of ways. Online tutoring assists students and tutors in determining the student's past knowledge, areas of difficulty, and individual learning process. Online tutoring allows students who are unable to attend classes on campus to gain support and opportunities while off campus. It examines the information base from one end of the globe to the other, allowing one to gather knowledge at one's leisure.
Key Market Insights from the report:
The global online tutoring market accounted for US$8.131498 billion in 2020 and is estimated to be US$ 33.84371 billion by 2030 and is anticipated to register a CAGR of 15.3% The market report has been segmented on the basis of type, application, and region.
By type, the global online tutoring market is segmented into structured tutoring and on-demand tutoring.
By application, the target market is segmented into international organizations and associations, educational institutes, private coaching, and others.
By region, the online tutoring market in the Asia Pacific region is expected for the largest revenue share in 2019, due to factors such as a rise in investments by private investors in companies providing online tutoring, and the elevation of education in general.
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Competitive Landscape:
The prominent player operating in the global online tutoring market includes Ambow Education, China Distance Education Holdings Ltd., iTutor Group, Vedantu Innovations Pvt. Ltd., New Oriental Education and Technology Group, TAL Education Group, EF Education First Ltd., Chegg Inc., Knewton Inc., and Tokyo Academics.
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