Online Tutoring Services Market in the US to grow at a CAGR of 6.15% during the period 2016 - 2020; Finds New Report

Report forecast the online tutoring services market in the US to grow at a CAGR of 6.15% during the period 2016-2020.

Tutoring services in the US are a resilient segment in the country's education market, as tutoring has long been a part of a student's learning process. The advent of technology has only expanded the market by allowing numerous types of tutors to reach out to a wider learner base. While this has been a significant advantage to the learner, from vendors' perspective, it has fragmented the market further. As K-12 and higher educational institutions increase their reliance on ed-tech solutions, the platform for online tutoring has strengthened.

Advancements in information and communications technology have resulted in the emergence of virtual classrooms worldwide. The method of imparting education through virtual classrooms is now applied by private tutoring service providers as well. It enables access to learning content by qualified staff members, though the best aspect of this concept is that it transcends geographical boundaries.

The report covers the present scenario and the growth prospects of the online tutoring services market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated through the subscription and licenses charged for online tutoring products and services.

The market is divided into the following segments based on end-user:

• Higher education institutions
• K-12 schools

According to the report, growing online distribution channels will be a key driver for market growth. Dynamic changes in the education technology and demand patterns of customers have encouraged online tuition providers to adopt various other means to boost their product availability in the market. Growth in the use of internet and its increase in influence on various industries have led to the adaptation of online learning modules by online tutoring service providers. The use of online platforms not only reduces transportation costs for tutors and students but also increased digital connectivity between them.

Further, the report states that the growth in the number of colleges and universities adapting the test-optional admissions may cause a decline in the number of students taking the test. This, in turn, creates a major challenge to the revenues of test preparation service providers. The subject matter remains debatable and opinions have been expressed both in favor as well as against the move. This might question the sustainability of test preparation service providers that will then have to explore their ways of survival in the market. As a result, tutoring service centers that are largely focused on providing test preparation support might witness decline in enrollments.

Online Tutoring Services Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the online tutoring services market in the US: Fleet Education Services, Kaplan, Pearson Education, and TutaPoint.

Other Prominent Vendors in the market are: ArborBridge, BenchPrep, InstaEDU, JEI Learning Centers, Knewton, Manhattan Review, Peterson's Nelnet, Revolution Prep, Sylvan Learning, and Tutor.

Market driver

• Rising changes in standard exam structure
• For a full, detailed list, view our report

Market challenge

• Rise in number of unorganized private tutors
• For a full, detailed list, view our report

Market trend

• Rise in vendor collaboration with institutions
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 52 pages and 26 Exhibit “Online Tutoring Services Market in the US 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-user, Market segmentation by product, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Other prominent vendors, Appendix.

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