Online Tutoring Market Size to Grow by USD 153.07 billion | Market Research Insights Highlight Growing Importance of STEM Education as Key Driver | Technavio

NEW YORK, Jan. 18, 2022 /PRNewswire/ — According to the research report “Online Tutoring Market by Courses and Geography – Forecast and Analysis 2021-2025“, the market will witness a YOY growth of 15.10% in 2021 at a CAGR of 15.77% during the forecast period. The report is segmented by courses (STEM, language courses, and other courses) and geography (APAC, Europe, North America, South America, and MEA).

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The online tutoring market covers the following areas:

Online Tutoring Market Sizing

Online Tutoring Market Forecast

Online Tutoring Market Analysis

Vendor Insights 

The online tutoring market is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Ambow Education Holding Ltd.
• China Distance Education Holdings Ltd.
• D2L Corp.
• iTutorGroup
• K12 Inc.
• Pearson Plc
• TAL Education Group
• Think & Learn Pvt. Ltd.
• Varsity Tutors LLC
• Vedantu Innovations Pvt. Ltd.

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Geographical Market Analysis 

APAC is expected to account for 44% of the market’s growth during the forecast period. China and India are the key countries for the online tutoring market in APAC. Market growth in this region will be faster than the growth of the market in other regions. The availability of apps and wearables for online tutoring, the growing popularity of online microlearning, and the standardization of tests will drive the online tutoring market growth in APAC during the forecast period. 

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Key Segment Analysis

By courses, the STEM segment will have significant market share growth during the forecast period. Countries such as China, India, the US, and the UK are increasingly focusing on STEM education to reduce the supply-demand gap in STEM-related job opportunities. Governments of various countries have emphasized the importance of STEM subjects. Moreover, entrance exams require sound knowledge in STEM subjects. The strong focus on the standardization of tests will further increase the competition among students. This will encourage students to join specialized STEM courses and test preparation online tutoring programs during the forecast period.

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Key Market Drivers & Challenges: 

The growing importance of STEM education among students, parents, and various educational stakeholders globally is a major factor driving the growth of the online tutoring market. STEM integrates subjects into a unified learning model that is based on real-world applications. Rising job opportunities in STEM fields is one of the major reasons for the rising popularity of STEM courses during the forecast period.

The presence of free and open-source tutoring resources is posing a huge threat to the growth of the global online tutoring market. Therefore, consumers who cannot afford paid online tutoring services opt for free services offered by various open-source tutoring firms.

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About Us: 

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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