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Online Tutoring Services Market in US by Product and End-user - Forecast and Analysis 2022-2026

  • Published: Aug 2022
  • Pages: 110
  • SKU: IRTNTR40433
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The online tutoring services market share in US is expected to increase by USD 27.85 billion from 2021 to 2026, at a CAGR of 16.4%.

This market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation  by product (test preparation service and subject tutoring service) and end-user (higher education institutes and K-12 schools). The market report also offers information on several market vendors, including ArborBridge LLC, BenchPrep, Chegg Inc., Club Z Inc., Graham Holdings Co., Kesson Group Inc, Knewton Inc., Learn To Be, Manhattan Review, Mathnasium LLC, MindLaunch Coaching, Pearson Plc, Preply Inc, Revolution Prep, Sylvan Learning LLC, TPR Education IP Holdings LLC, TutaPoint LLC, Tutor.com Inc., Varsity Tutors LLC, and Wyzant Inc. among others.

What will the Online Tutoring Services Market Size in US be During the Forecast Period?

Online Tutoring Services Market in US Size

Download Report Sample to Unlock the Market Size for the Forecast Period and Other Important Statistics

 

Online Tutoring Services Market in US: Key Drivers, Trends, and Challenges

The flexibility offered by online tutoring is notably driving the market growth, although factors such as lack of personal connection with students may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the online tutoring services industry in US. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Market Driver

One of the key factors driving growth in the market is the flexibility offered by online tutoring. Employment in the US, especially white-collar jobs, requires education beyond a high school diploma and numerous technical certifications. The rise in educational tuition fees has created a major hurdle for low-income families in the country. To ensure equity of education, the US Department of Education has started experimental sites that will test certain innovative practices aimed at providing better, faster, and more flexible paths to academic and career success. This department will offer institutions greater regulatory flexibility to design and test new approaches to provide financial aid to students that are designed based on their learning capacity and not on the amount of time spent in the class. These developments will assist students in determining their area of interest in specific subjects and accordingly avail tutoring services, which are affordable and cater to their learning requirements. All these factors contribute to the growth of the market.

Key Market Trend

The growing customization of tutoring services is a market trend that is expected to have a positive impact in the coming years. Personalized training is a significant development in the market in the US. Vendors are increasingly seeking ways to tailor and align courses according to student needs. A variety of learning tools are available, which help understand the different learning styles. Instant messenger, text chats, Skype, shared whiteboards, graphing tools, and the ability for differentiated instructions are some of the learning tools. A large amount of data is generated through tutoring activities. The content designers use this data to design the content as per the analytics. This will help the students understand their learning patterns with the real-time assessment of their performance. This data can help the tutors to build customized courses for the students, resulting in further growth of the focused market.

Key Market Challenge

The lack of personal connection with students will be a major challenge for the market during the forecast period. Online tutoring services are provided through the internet. These services lack in-person communication between the tutor and the students. As a result, tutors cannot determine student engagement and their level of understanding of the subject. Furthermore, disruption in internet connectivity might lead to abrupt and incomplete tutoring sessions, which can hamper learning processes. The existing infrastructural disparity between tutoring service providers and households is adding to the lack of personal engagement in online tutoring services. To set up an environment of online study, students are required to procure hardware and also install software and match other technical requirements that need additional resources. As a result, students might opt to engage with a local tutoring centre. This, in turn, hinders the growth of the market.

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the online tutoring services market in US as a part of the global education services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Who are the Major Online Tutoring Services Market Vendors in US?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ArborBridge LLC
  • BenchPrep
  • Chegg Inc.
  • Club Z Inc.
  • Graham Holdings Co.
  • Kesson Group Inc
  • Knewton Inc.
  • Learn To Be
  • Manhattan Review
  • Mathnasium LLC
  • MindLaunch Coaching
  • Pearson Plc
  • Preply Inc
  • Revolution Prep
  • Sylvan Learning LLC
  • TPR Education IP Holdings LLC
  • TutaPoint LLC
  • Tutor.com Inc.
  • Varsity Tutors LLC
  • Wyzant Inc.

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions to compete in the market.

Product Insights and News

  • ArborBridge LLC - ArborBridge LLC is a privately held company headquartered in the US. It is a regional company, with limited information regarding its financials and limited information regarding its employee strength is available. Its revenue from the market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • ArborBridge LLC - The company offers online tutoring services such as SAT, ACT, and TOEFL. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.

Online Tutoring Services Market in US Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating Product Segments in the Online Tutoring Services Market in US?

Online Tutoring Services Market in US Share

To gain further insights on the market contribution of various segments Request PDF Sample

The market share growth by the test preparation services segment will be significant during the forecast period. The data on the number of students taking a test and their performance is useful for tutors in analyzing the effectiveness of the teaching methodology that they use and make changes accordingly. This has led to the use of customized courses, which are in line with the tests and the financial capacity of the student. The teaching technology also encourages vendors to create new and innovative courses that aid students in test preparations, propelling further the growth of the market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.

 

Online Tutoring Services Market Scope in US

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 16.4%

Market growth 2022-2026

$ 27.85 billion

Market structure

Fragmented

YoY growth (%)

22.73

Regional analysis

US

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ArborBridge LLC, BenchPrep, Chegg Inc., Club Z Inc., Graham Holdings Co., Kesson Group Inc, Knewton Inc., Learn To Be, Manhattan Review, Mathnasium LLC, MindLaunch Coaching, Pearson Plc, Preply Inc, Revolution Prep, Sylvan Learning LLC, TPR Education IP Holdings LLC, TutaPoint LLC, Tutor.com Inc., Varsity Tutors LLC, and Wyzant Inc.

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.

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What are the Key Data Covered in this Online Tutoring Services Market in US Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive market growth during the next five years
  • Precise estimation of the market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behaviour
  • The growth of the online tutoring services industry in the US
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 07: Parent market
    • Exhibit 08: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 09: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 10: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 11: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 12: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 13: Chart on US: Year-over-year growth 2021-2026 (%)
      • Exhibit 14: Data Table on US: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 15: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 21: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 22: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 23: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 24: Chart on Comparison by Product
      • Exhibit 25: Data Table on Comparison by Product
    • 5.3 Test preparation service - Market size and forecast 2021-2026
      • Exhibit 26: Chart on Test preparation service - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 27: Data Table on Test preparation service - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 28: Chart on Test preparation service - Year-over-year growth 2021-2026 (%)
      • Exhibit 29: Data Table on Test preparation service - Year-over-year growth 2021-2026 (%)
    • 5.4 Subject tutoring service - Market size and forecast 2021-2026
      • Exhibit 30: Chart on Subject tutoring service - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 31: Data Table on Subject tutoring service - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 32: Chart on Subject tutoring service - Year-over-year growth 2021-2026 (%)
      • Exhibit 33: Data Table on Subject tutoring service - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 34: Market opportunity by Product ($ billion)

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 35: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 36: Data Table on End-user - Market share 2021-2026 (%)
    • 6.2 Comparison by End-user
      • Exhibit 37: Chart on Comparison by End-user
      • Exhibit 38: Data Table on Comparison by End-user
    • 6.3 Higher education institutes - Market size and forecast 2021-2026
      • Exhibit 39: Chart on Higher education institutes - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 40: Data Table on Higher education institutes - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 41: Chart on Higher education institutes - Year-over-year growth 2021-2026 (%)
      • Exhibit 42: Data Table on Higher education institutes - Year-over-year growth 2021-2026 (%)
    • 6.4 K-12 schools - Market size and forecast 2021-2026
      • Exhibit 43: Chart on K-12 schools - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 44: Data Table on K-12 schools - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 45: Chart on K-12 schools - Year-over-year growth 2021-2026 (%)
      • Exhibit 46: Data Table on K-12 schools - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by End-user
      • Exhibit 47: Market opportunity by End-user ($ billion)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 48: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 49: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 50: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 51: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 52: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 53: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 54: Matrix on vendor position and classification
            • 10.3 ArborBridge LLC
              • Exhibit 55: ArborBridge LLC - Overview
              • Exhibit 56: ArborBridge LLC - Product / Service
              • Exhibit 57: ArborBridge LLC - Key offerings
            • 10.4 BenchPrep
              • Exhibit 58: BenchPrep - Overview
              • Exhibit 59: BenchPrep - Product / Service
              • Exhibit 60: BenchPrep - Key news
              • Exhibit 61: BenchPrep - Key offerings
            • 10.5 Chegg Inc.
              • Exhibit 62: Chegg Inc. - Overview
              • Exhibit 63: Chegg Inc. - Product / Service
              • Exhibit 64: Chegg Inc. - Key news
              • Exhibit 65: Chegg Inc. - Key offerings
            • 10.6 Club Z Inc.
              • Exhibit 66: Club Z Inc. - Overview
              • Exhibit 67: Club Z Inc. - Product / Service
              • Exhibit 68: Club Z Inc. - Key offerings
            • 10.7 Graham Holdings Co.
              • Exhibit 69: Graham Holdings Co. - Overview
              • Exhibit 70: Graham Holdings Co. - Business segments
              • Exhibit 71: Graham Holdings Co. - Key offerings
              • Exhibit 72: Graham Holdings Co. - Segment focus
            • 10.8 Kesson Group Inc
              • Exhibit 73: Kesson Group Inc - Overview
              • Exhibit 74: Kesson Group Inc - Product / Service
              • Exhibit 75: Kesson Group Inc - Key offerings
            • 10.9 Pearson Plc
              • Exhibit 76: Pearson Plc - Overview
              • Exhibit 77: Pearson Plc - Business segments
              • Exhibit 78: Pearson Plc - Key offerings
              • Exhibit 79: Pearson Plc - Segment focus
            • 10.10 Preply Inc
              • Exhibit 80: Preply Inc - Overview
              • Exhibit 81: Preply Inc - Product / Service
              • Exhibit 82: Preply Inc - Key offerings
            • 10.11 TutaPoint LLC
              • Exhibit 83: TutaPoint LLC - Overview
              • Exhibit 84: TutaPoint LLC - Product / Service
              • Exhibit 85: TutaPoint LLC - Key offerings
            • 10.12 Tutor.com Inc.
              • Exhibit 86: Tutor.com Inc. - Overview
              • Exhibit 87: Tutor.com Inc. - Product / Service
              • Exhibit 88: Tutor.com Inc. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 89: Inclusions checklist
                • Exhibit 90: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 91: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 92: Research methodology
                • Exhibit 93: Validation techniques employed for market sizing
                • Exhibit 94: Information sources
              • 11.5 List of abbreviations
                • Exhibit 95: List of abbreviations
              • The global education services market is at a crossroads with the positive impact of technological advances such as online education, the implementation of AR and VR in teaching methods, and the use of interactive whiteboards. On the other hand, data and security issues and low digital literacy rates are having a negative impact on the growth of the market. The combined impact of these factors will lead to high growth in the global education services market.
                • education: Includes technical education, language learning, test preparation services, tutoring services, makerspaces, vocational training, and distance learning courses and certifications
                  • emphasis on mobile learning: The increasing use of smartphones is encouraging education service providers to introduce mobile learning modules. Mobile learning has several advantages, such as flexibility and convenience. Therefore, users can schedule and complete the course/training according to their convenience. Mobile learning is also an experience of personalized learning as users can take training as per their requirements.
                    • digital literacy rates: Educational hardware and software have not been realized in tandem with the availability of trained staff in educational institutions. Institutions find it difficult to integrate technology into business processes. This is because of the inability of the faculty and administrators to understand applications and optimal use. The deployment of these applications alone by colleges and universities is not enough.

                      Research Framework

                      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                      TechnavioINFORMATION SOURCES

                      Primary sources

                      • Manufacturers and suppliers
                      • Channel partners
                      • Industry experts
                      • Strategic decision makers

                      Secondary sources

                      • Industry journals and periodicals
                      • Government data
                      • Financial reports of key industry players
                      • Historical data
                      • Press releases
                      Technavio

                      TechnavioDATA ANALYSIS

                      Data Synthesis

                      • Collation of data
                      • Estimation of key figures
                      • Analysis of derived insights

                      Data Validation

                      • Triangulation with data models
                      • Reference against proprietary databases
                      • Corroboration with industry experts
                      Technavio

                      TechnavioREPORT WRITING

                      Qualitative

                      • Market drivers
                      • Market challenges
                      • Market trends
                      • Five forces analysis

                      Quantitative

                      • Market size and forecast
                      • Market segmentation
                      • Geographical insights
                      • Competitive landscape
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                      Online Tutoring Services market growth will increase by $27.85 billion during 2022-2026.
                      The online tutoring services market is expected to grow at a CAGR of 16.4% during 2022-2026.
                      Technavio has segmented the online tutoring services market by product (Test preparation service and Subject tutoring service) ,end-user (Higher education institutes, K-12 schools, and American Samoa) , and geographic (US).
                      ArborBridge LLC, BenchPrep, Chegg Inc., Club Z Inc., Graham Holdings Co., Kesson Group Inc, Knewton Inc., Learn To Be, Manhattan Review, Mathnasium LLC, MindLaunch Coaching, Pearson Plc, Preply Inc, Revolution Prep, Sylvan Learning LLC, TPR Education IP Holdings LLC, TutaPoint LLC, Tutor.com Inc., Varsity Tutors LLC, Wyzant Inc. are a few of the key vendors in the online tutoring services market.
                      North America will register the highest growth rate of 100% among the other regions. Therefore, the online tutoring services market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                      The key factors driving the online tutoring services market growth are:
                      • Flexibility offered by online tutoring
                      • Growing customization of tutoring services
                      The online tutoring services market vendors should focus on grabbing business opportunities from the test preparation service segment as it accounted for the largest market share in the base year.
                      • What are the key global market and the regional market share?
                      • What are the revenue-generating key market segments?
                      • What are the key factors driving and challenging this market’s growth?
                      • Who are the key market vendors and their growth strategies?
                      • What are the latest trends influencing the growth of this market?
                      • What are the variables influencing the market growth in the primary regions?
                      • What are the factors influencing the growth of the parent market?
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