Online Tutoring Services Market in US by Product and End-user - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR40433
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The online tutoring services market in the US has the potential to grow by USD 16.45 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 12.15%.

This online tutoring services market research report of US 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 online tutoring services market report of US also offers information on several market vendors, including ArborBridge Inc., BenchPrep, Chegg Inc., Club Z! Inc., Fleet Education Services Ltd., Graham Holdings Co., Pearson Plc, TutaPoint LLC, Tutor.com Inc., and Zovio Inc. among others.

What will the Online Tutoring Services Market Size in US be in 2021?

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Online Tutoring Services Market in the US: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increase in tutoring support for test preparation services is notably driving the online tutoring services market growth in the US, although factors such as lack of personal connection with students may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the online tutoring services industry in US get your FREE report sample now.

  • The increasing tutoring support for test preparation services is one of the major factors driving online tutoring services market growth in the US.
  • Students appearing for competitive entrance exams make use of blended learning approaches and access massive open online courses (MOOCs) and subscription-based online platforms.
  • Students have access to test preparation services for customized courses at affordable fees. With the rapid advances in technology, numerous institutions are collaborating with software giants to develop online platforms to impart effective training to students for various competitive exams.
  • The penetration of technologies such as virtual learning, including interactive whiteboards (IWBs), augmented reality (AR), and virtual reality (VR), has been identified as one of the key online tutoring services market trends in the US.
  • Virtual learning uses computer software and the Internet to deliver educational information to the students, which eliminates the use of physical classrooms.
  • Online tutoring has eased the intensity of the work for the service providers, and it also provides students with the advantage of convenience.

This online tutoring services market analysis report of US also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

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 Inc.
  • BenchPrep
  • Chegg Inc.
  • Club Z! Inc.
  • Fleet Education Services Ltd.
  • Graham Holdings Co.
  • Pearson Plc
  • TutaPoint LLC
  • Tutor.com Inc.
  • Zovio Inc.

 

The online tutoring services market in the US is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the online tutoring services market forecast report of US for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

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

Online-Tutoring-Services-Market-In-US-Market-Share-by-Product-2020-2025

To gain further insights on the market contribution of various segments Request for a FREE sample

The online tutoring services market share growth in the US by the test preparation service 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 preparation.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the online tutoring services market size in US.

 

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

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive online tutoring services market growth in US during the next five years
  • Precise estimation of the online tutoring services market size in the US and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of online tutoring services market vendors in US

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Online Tutoring Services Market In US Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 12%

Market growth 2021-2025

$ 16.45 billion

Market structure

Fragmented

YoY growth (%)

11.60

Regional analysis

Afghanistan, Algeria, and American Samoa

Performing market contribution

US at 100%

Key consumer countries

Asia, Australia, Armenia, and Asia

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ArborBridge Inc., BenchPrep, Chegg Inc., Club Z! Inc., Fleet Education Services Ltd., Graham Holdings Co., Pearson Plc, TutaPoint LLC, Tutor.com Inc., and Zovio Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for 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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Test preparation service - Market size and forecast 2020-2025
    • Subject tutoring service - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by End-user

    • Market segments
    • Higher education institutes - Market size and forecast 2020-2025
    • K-12 schools - Market size and forecast 2020-2025

    Customer landscape

    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • ArborBridge Inc.
    • BenchPrep
    • Chegg Inc.
    • Club Z! Inc.
    • Fleet Education Services Ltd.
    • Graham Holdings Co.
    • Pearson Plc
    • TutaPoint LLC
    • Tutor.com Inc.
    • Zovio Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    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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    The online tutoring services market growth will increase by $12.81 billion during 2019-2024.
    The online tutoring services market is expected to grow at a CAGR of 10.28% during 2019-2024.
    Technavio has segmented the online tutoring services market by product (Test preparation service and Subject tutoring service) and geographic (Afghanistan, Algeria, and American Samoa).
    ArborBridge Inc., BenchPrep, Chegg Inc., Club Z! Inc., Fleet Education Services Ltd., Graham Holdings Co., Pearson Plc, TutaPoint.com LLC, Tutor.com Inc. , Zovio Inc. are a few of the key vendors in the online tutoring services market.
    Afghanistan will register the highest growth rate of NaN% among the other regions. Therefore, the online tutoring services market in Afghanistan 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
    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.
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