Online Tutoring Market Expected to Grow 6.15% Over Next Four Years
The online tutoring services market in the United States is expected to grow at a compound annual growth rate of 6.15 percent between 2016 and 2020, according to a recent report by market research firm Technavio.
Some of the factors that help explain the anticipated growth are:
The advent of technology has expanded the market by allowing numerous types of tutors to reach out to a wider student base;
Advancements in information and communications technology have led to the emergence of virtual classrooms worldwide;
And the rise of virtual classrooms has led to an increase of private, online tutoring service providers as well.
The report, available for a fee on reportlinker.com, covers the present scenario and growth prospects of the online tutoring services market in the United States for 2016-20. To calculate the market size, the report considers the revenue generated through the subscription and licenses charged for online tutoring products and services.
Key vendors operating in the online tutoring market include Fleet Education Services, Kaplan, Pearson Education and TutaPoint.
Other prominent vendors are Arbor Bridge, BenchPrep, InstaEDU, JEI Learning Centers, Knewton, Manhattan Review, Peterson’s Nelnet, Revolution Prep, Sylvan Learning and Tutor.
The report finds that a market trend will be the rise in vendor collaboration with institutions. A market challenge will be the rise in the number of unorganized private tutors.
To view the report, visit the Report Linker site.
About the Author
Richard Chang is associate editor of THE Journal. He can be reached at [email protected].