Online Tutoring Services Market in US | Test Preparation Services Segment to Lead the Market Through 2024 | Technavio

Technavio has been monitoring the online tutoring services market in US and it is poised to grow by USD 12.81 billion during 2020-2024, progressing at a CAGR of over 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Download a Free Sample Report on COVID-19

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Technavio has announced its latest market research report titled Online Tutoring Services Market in US 2020-2024 (Graphic: Business Wire).

Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low on the online tutoring services market in us. The market growth in 2020 is likely to INCREASE compared to market growth in 2019.

Frequently Asked Questions:

• Based on segmentation by product, which is the leading segment in the market?
  
  Test preparation services.
• What are the major trends in the market?
  
  Technological advances and virtual learning.
• At what rate is the market projected to grow?
  
  The market is projected to grow at a CAGR of over 10% during 2020-2024.
• Who are the top players in the market?
  
  ArborBridge Inc., BenchPrep, Chegg Inc., Club Z! Inc., Fleet Education Services Ltd., Graham Holdings Co., Pearson Plc, TutaPoint.com LLC, Tutor.com Inc., and Zovio Inc. are the key players in the market.
• What are the key market drivers and challenges?
  
  The market will be driven by the flexibility offered by online tutoring. However, concerns over the lack of personal connection with students might hamper the market growth.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ArborBridge Inc., BenchPrep, Chegg Inc., Club Z! Inc., Fleet Education Services Ltd., Graham Holdings Co., Pearson Plc, TutaPoint.com LLC, Tutor.com Inc., and Zovio Inc. are some of the major market participants. Although the flexibility offered by online tutoring will offer immense growth opportunities, lack of personal connection with students is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this online tutoring services market in US forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Online Tutoring Services Market in US 2020-2024: Segmentation

Online Tutoring Services Market in US is segmented as below:

• Product
  • Test Preparation Service
  • Subject Tutoring Service
• End-user
  • Higher Education Institutes
  • K-12 Schools

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40433

Online Tutoring Services Market in US 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The online tutoring services market in US report covers the following areas:

• Online Tutoring Services Market in US Size
• Online Tutoring Services Market in US Trends
• Online Tutoring Services Market in US Industry Analysis

This study identifies technological advances and virtual learning as one of the prime reasons driving the Online Tutoring Services Market in US growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Online Tutoring Services Market in US 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist online tutoring services market growth in US during the next five years
• Estimation of the online tutoring services market size in US and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the online tutoring services market in US
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of online tutoring services market vendors in US

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product placement
• Test preparation service - Market size and forecast 2019-2024
• Subject tutoring service - Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by End-user

• Market segments
• Comparison by End user placement
• Higher education institutes - Market size and forecast 2019-2024
• K-12 schools - Market size and forecast 2019-2024
• Market opportunity by End user

Customer landscape

• Overview

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher-priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption
• Vendor Analysis

Vendors covered

• Market positioning of vendors
• ArborBridge Inc.
• BenchPrep
• Chegg Inc.
• Club Z! Inc.
• Fleet Education Services Ltd.
• Graham Holdings Co.
• Pearson Plc
• TutaPoint.com LLC
• Tutor.com Inc.
• Zovio Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology 

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View source version on businesswire.com: https://www.businesswire.com/news/home/20201021005661/en/