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

Thursday, November 24, 2016 4:50
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Covered in this report

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.          

About Tutoring Services in the US

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.

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

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

• Higher education institutions

• K-12 schools

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 vendors

• Fleet Education Services

• Kaplan

• Pearson Education

• TutaPoint

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Other prominent vendors

• ArborBridge

• BenchPrep

• InstaEDU

• JEI Learning Centers

• Knewton

• Manhattan Review

• Peterson’s Nelnet

• Revolution Prep

• Sylvan Learning

• Tutor

Market drivers

• Flexibility offered by online tutoring

• Increasing advances in technology

• Rising changes in standard exam structure

• Growing online distribution channels

Market challenges

• Challenges pertaining to credibility of online tutors

• Rise in number of unorganized private tutors

• Disparity in internet accessibility

• Growth of test-optional institutions

Market trends

• Rise in vendor collaboration with institutions

• Upsurge in number of online tutoring start-ups

• Growing customization of tutoring services

• Increase in M&As

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