Summary
A new market study, titled “North America and Europe Online Tutoring Services Market by Product (Test Preparation Service, Subject Tutoring Service, Certification Preparation, Corporate Training and Others), By End-User (Higher Education Institutes, K-12 Schools and Working Professionals), and By Region (North America, and Europe)” has been featured on WiseGuyReports.
North America and Europe online tutoring services market projected to fuelling due to the rising demand for online tutoring support for test preparation services
North America and Europe online tutoring services market expected to grow with a healthy CAGR over the forecast period, 2020-2027. The growth of the market can be attributed to the rising demand by schools and higher studies institutes to deliver educational information to the students and provides students with the advantage of convenience. Additionally, the increasing competition and surging demand for excelling in entrance exams for higher education will boost the industry growth. Further, the expansion in the awareness about online tutoring services and the launch of distance learning courses in many universities will foster North America and Europe's online tutoring services market size. Additionally, the advent of new technologies, such as the ever-increasing capabilities of smartphones and tablet devices, which provide new avenues for businesses to promote tutoring services along with the increasing number of colleges and students are anticipated to enhance the market growth over the next few years.
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With the improvement of people's family education income level, parents pay more and more attention to education. These factors anticipated influencing the North America and Europe online tutoring services market share in the future periods. Online education driven by mobile Internet and AI technology is giving education providers a lot of changes on the supply side, and with the penetration and development of online education in recent years. Online teaching has, in turn, experienced various formats from live broadcast/recording broadcast to one-to-one live broadcast to the small class live broadcast. Moreover, technological advances such as interactive whiteboards (IWBs), augmented reality (AR), and virtual reality (VR), and virtual learning will complement the industry growth. Also, the growing demand for online tutoring services for providing a pre-prep solution and training solution for working professionals will foster the growth of North America and Europe's online tutoring services market. Recently, the outbreak pandemic, COVID-19, has provided an opportunity for schools and higher studies institutes to adopt the application of online tutoring services to continue the academic calendar.
Product Overview in the North America and Europe Online Tutoring Services Market
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 captured the highest market share in North America and Europe online tutoring services market in 2019 and will continue its dominance by 2027. It is attributable to helping students to get into high school, college, or graduate school and offer efficiently and effectively learning pathways.
End-User Overview in the North America and Europe Online Tutoring Services Market
Based on end-user, North America and Europe online tutoring services market segregated into higher education institutes, k-12 schools, and working professionals. The higher education institutes held for the highest revenue in 2019 due to the growing adoption of online tutoring services for providing virtual training, improve student performance along with the surge in adoption of online services for taking the test to get admission in higher education.
Regional Overview in the North America and Europe online tutoring services market
By geography, North America accounted for maximum revenue share in 2019, owing to the presence of keys players in the region, and personalization of educational courses and increased access to teachers along with online tutoring provides access to students for international courses. Additionally, the rising adoption for online tutoring with increased interest of students for specialization and higher education will boom the North America online tutoring services market.
North America and Europe Online Tutoring Services Market: Competitive Landscape
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.
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