The widespread use of online tutoring services by students and business professionals is expected to grow significantly over the forecast period. This trend is expected to fuel the expansion of the online tutoring market. According to a report published by Valuates Reports, the global Online Tutoring market is expected to reach USD 278 billion by 2026, up from USD 150 billion in 2020, at a CAGR of 10.82 percent between 2021 and 2027.
COVID-19 has forced the closure of schools all over the world. As a result, education has undergone significant transformations, with an increase in e-learning and online tutoring occurring remotely and via online platforms. As a result, the size of the online tutoring market is steadily increasing.
COVID-19 has caused school closures all over the world. As a result, education has undergone significant transformations, with a significant increase in e-learning and online tutoring taking place remotely and through online platforms. As a result, the size of the online tutoring market is steadily growing.
Other factors driving online tutoring market acceptance include ongoing technological advancements and improvements in the accessibility of portable communication devices. Furthermore, government funding for digital teaching in developing countries enables colleges and schools to deliver online learning sessions. Such government policies are expected to fuel the online tutoring market.
The online tutoring industry is divided into four categories: STEM Courses, Language Courses, Other Courses, Application Students, and Non-Students.