The Global Online Tutoring Services Market Report 2023 gives the technical and financial data of the market for the present and the foreseeable future. This report is one of the most thorough and significant additions to the Astute Analytica market research archive. It provides a thorough investigation and analysis of important facets of the world market. The supply and demand scenario, pricing set-up, profit margins, production, and market analysis are all examined in this study as major driving forces behind the worldwide Online Tutoring Services Market expansion.
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The report incorporates both qualitative and quantitative evaluations from subject-matter experts and representatives across various industries along the supply chain. The global online tutoring services market is estimated to witness a rise in revenue from US$ 24,634.9 Mn in 2022 to US$ 1,40,501.0 Mn by 2031 at a CAGR of 26.1% during the forecast period 2023-2031.
The report gives a thorough analysis of the global Online Tutoring Services Market, covering regional trends, market size, prospects for expansion, and important market factors in each region. In 2021, the United States Gross Domestic Product (GDP) value was US$ 23,315.08 billion, according to verified data from the World Bank. In terms of GDP, the United States accounts for 10.41% of the global economy. The mixed economy of the United States is very advanced. By nominal GDP, it has the largest economy in the world, and by purchasing power parity (PPP), it is second only to China in size.
The leading companies mentioned are
- Chegg Inc.
- TutorEye Inc.
- Tutor.com
- Varsity Tutors
- TakeLessons
- iTutorGroup
- Preply
- Wyzant, Inc.
- Ambow Education
- Other Prominent Players
The report also acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. It considers both the direct impact of the pandemic and the indirect influence on related industries. The observations on the pandemic’s impact are included in the report.
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Furthermore, the report divides geographical regions into several major categories for production, consumption, revenue (in US dollars), and market share analysis. It discusses the predicted growth of the market in these regions between 2021 and 2031.
The segmentation overview of the Online Tutoring Services Market includes
By Type:
- Asynchronous
- Synchronous
By Sales Channel:
- Private Tutoring
- International organization
- Educational Institutes
- Others
By Industry:
- Online
- Blended
By Education Level:
- Primary Education
- Secondary Education
- Others
- Higher Education
- Professional Education
- Vocational Education
- Others (veterans, senior citizens, specially needs)
By Subject/Skills:
- Competitive Exams (Test Preparation)
- STEM
- Business Studies (Accounts, Statistics & Analytics, Economics)
- Computer Science
- Music Instruments
- Languages
- Arts & Hobbies
- Others (Sports, special needs)
By Duration:
- Long-term
- Short-term
By Region:
- North America
- U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Argentina
- Brazil
- Rest of South America
Overall, Astute Analytica’s report on the Online Tutoring Services Market appears to be a comprehensive resource for businesses seeking to understand the current state of the market and its future growth prospects.
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