Online Tutoring Services focuses on targeted one-on-one online tutoring of all subjects in primary schools, junior high schools, and high schools, tailoring personalized tutoring programs for students. It is providing users with a variety of intelligent education services such as online courses, smart exercises, and problem analysis to help students system the loop of learning efficiently and efficiently. It is not only suitable for various types of classes such as one-to-one, one-to-many, etc., but also supports multiple forms such as live broadcast, recording and on-demand, and on-demand. Interactive tools, with personalized functions such as check-in, answering questions, and student learning status tracking, fully meet all the needs of online teachers and students.
North America and Europe online tutoring services market expected to grow with a healthy CAGR over the forecast period, 2020-2027. The major factors attributed to the growing internet access in households and consumers’ higher preference for online services over in-person ones. Further, the rise in enrollment number for higher education, personalization of courses, flexible with time, place, and pace of learning, forums for addressing the queries are anticipated to fuel the growth of the market. Additionally, the surge in awareness among the students and parents on the importance of education is anticipated to enhance the North America and Europe online tutoring services market size. The increasing competition and surging demand for excelling in entrance exams for higher education have led to the robust growth of the online tutoring services market in the future periods.
Online tutoring has attracted a large number of players due to the advantages of low resource introduction threshold and relatively strong liquidity, and the rapid growth of the market coexists with fierce competition. It provides students with fully online, on-demand, synchronous access to a live tutor. With the rapid advances in technology, various institutions are collaborating with software giants to helping through effective training to students for various competitive exams. Moreover, the growing penetration of technologies such as virtual learning, including augmented reality (AR), and virtual reality (VR), are vital factors estimated to foster the growth of online tutoring services market trends in the US and Europe. Also, the growing emphasis on mobile-based tutoring and the high adoption of AI will positively impact the online tutoring services market. Furthermore, the surge in uses of computer software and the internet to deliver educational information to the students, which eliminates the use of physical classrooms are projected to boost the North America and Europe online tutoring services market share.
Online tutoring is to provide online teaching videos, course tutoring, etc. The profit model of these products is mainly based on paid purchase courses. At present, they are more concentrated on the PC side, and the mobile terminal performance is weak. Online tutoring introduces big data, artificial intelligence, and other emerging technology segments to implement customized teaching to enhance the controllability of learning effects. And with unique technical barriers, players on the track can form their competitive advantage. At the same time, the adhesion of the platform to users is relatively high, and the dividend cycle is long.
It spans not only the limitations of time and space, but also fully scenario-based teaching, online interaction, online notes, comments, exercises, course test, and other functions, making the whole teaching and learning process full of fun. Homework question answering and question bank types are more fragmented due to their service content, emphasizing convenience and mobile service mode is more convenient, so the mobile terminal performance is more prominent.
Based on the product, North America and Europe online tutoring services market classified into test preparation service, subject tutoring service, certification preparation, corporate training, and others. The test preparation service will witness significant growth in the forecast period. It is primarily attributed to the most colleges in the US and Europe opting for the required criteria for both graduate and undergraduate students to take standard admission tests. These tests provide colleges with a common platform also provide customized courses, which are in line with the tests and the financial capacity of the student.
Subject tutoring service will grow with a significant CAGR in the estimated period as it recommends readings, activities, and additional resources, and deliver a seamless learning experience for continuing education programs within a unified data and knowledge framework.
Based on end-user, North America and Europe online tutoring services market segregated into higher education institutes, k-12 schools, and working professionals. The K-12 Schools segment held a lucrative share in 2019 and projected to dominate North America and Europe’s online tutoring services market by 2027. It is due to users of K12 online tutoring are primary and middle school students, and this is a group that seriously lacks self-driving learning, the content of the high school entrance examination is very dull. It is difficult to stimulate a student’s interest in learning. It is just recording and broadcasting lessons, and it is impossible to progress the students learning effect and ensure the learning quality.
The higher education institutes segment will be the fastest-growing segment in the forecast period. It is owing to the growing demand for the preparation of entrance exams for higher education is compelling for individuals to opt for online tutoring services.
Based on geography, North America estimated to occupy the lion’s share in the online tutoring services market by 2027. It is attributable to growing tutoring support for test preparation services and increasing competitive entrance exams in the USA to make use of blended learning approaches and access massive open online courses, the settled educational framework, and rising challenges.
Europe will be the fastest-growing segment in the projected period due to the surge in awareness about the significance of training, growing demand for the high quality of education, increased digitalized education material, and rising ventures identified with education.
Companies such as ArborBridge Inc., BenchPrepm Chegg Inc., Club Z! Inc., Fleet Education Services Ltd., Graham Holdings Co., Pearson Plc, TutaPoint.com LLC, Tutor.com Inc., Zovio Inc., Gojimo, Tutorhub, and learn4good are the key players in the North America and Europe online tutoring services market.