Mar 14, 2023

News provided by Share this article Share this article NEW YORK, March 14, 2023 /PRNewswire/ -- Technavio categorizes the online tutoring services market in US is estimated to increase by USD 27.85 billion from 2021 to 2026. However, the market's growth momentum will decelerate at a CAGR of 16.4%. The flexibility offered by online tutoring is notably driving the market growth, although factors such as a lack of personal connection with students may impede the market growth. Discover some insights on market before buying the full report -  Request a sample report Online Tutoring Services Market in US – Market Dynamics Leading Drivers - 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. Such factors will increase the market growth during the forecast period. Major challenges - Loss of internet connectivity can result in sudden and incomplete tutoring sessions that can interfere with the learning process. Differences in existing infrastructure between tutoring providers and homes contribute to the lack of personal involvement in online tutoring services. This hinders market growth. Online tutoring services market in US – Vendor Analysis Vendor Landscape - The online tutoring services market in US is fragmented, with the presence of several vendors. A few prominent vendors that offer online tutoring services in US in the market are 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. and others. Increasing adoption of advanced technology and digitization in the education industry drives the growth of the market. Also, increasing strategic initiatives such as mergers and acquisitions will strengthen the market positions of the vendors and increase their revenues during the forecast period. What's New? - Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession Global competitiveness and key competitor positions Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial -  Buy the report! Vendor Offerings - ArborBridge LLC: The company offers online tutoring services such as SAT, ACT and TOEFL. BenchPrep: The company offers online tutoring services such as reporting and data, content management, and integrations. Chegg Inc.: The company offers online tutoring services such as textbooks, flashcards, and mobile apps. Club Z Inc.: The company offers online tutoring services such as SAT, ACT, and college admissions. Online Tutoring Services Market in US - Segmentation Assessment Segment Overview Technavio has segmented the market based on the product (test preparation service and subject tutoring service) and end-user (higher education institutes and K-12 schools). The test preparation service segment will account for a significant share of the market growth during the forecast period. Data on the number of students taking tests and their performance helps tutors analyze the effectiveness of the teaching methods they use and modify them accordingly. This has resulted in the use of courses tailored to the student's test and financial capabilities. Such factors will increase segment growth during the forecast period. Online Tutoring Services Market in US – Key Trends The growing customization of tutoring services is a market trend that is expected to have a positive impact in the forecast period. A variety of learning tools are available to help you understand different learning styles. Instant messengers, text chat, Skype, shared whiteboards, graphics tools, and the ability to provide differentiated instructions are some of the learning tools. Teaching activities generate a large amount of data. Content designers use this data to design content according to their analysis. This data will help tutors create customized courses for students, leading to further growth of the focused market. What are the key data covered in this report? CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the online tutoring services market in US between 2021 and 2026 Precise estimation of the size of the online tutoring services market size in US and its contribution to the market in focus on the parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the online tutoring services market across US A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of online tutoring services market vendors in US Gain instant access to 17,000+ market research reports. Related Reports: The online tutoring services market in India  is estimated to grow at a CAGR of 17.03%, and the size of the market is forecasted to increase by USD 10,585.08 million between 2022 and 2027. This report extensively covers market segmentation by courses (stem courses, language courses, and others), and end-user (higher education and K-12). The K-12 online tutoring market is estimated to grow at a CAGR of 12.34% between 2022 and 2027. The size of the market is forecasted to increase by USD 97.66 billion. This report extensively covers market segmentation by type (structured tutoring and on-demand tutoring) and geography (APAC, North America, Europe, Middle East and Africa, and South America). Online Tutoring Services Market in US Scope Report Coverage 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 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 About Us Technavio is a leading global technology research and advisory company. 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