Online class business sees 26% jump in business

Robert Besser
26 May 2022, 21:15 GMT+10

The market for global online tutoring services is expected to grow from $21 million in 2021 to $55 million by 2027, growing at 26.1 percent from 2022 to 2027
In a report released by India-based Astute Analytica, time, flexibility and the low cost of online courses are some of the factors influencing the demand for distance learning
In terms of subject and skills, the Science, Technology, Engineering, and Mathematics segment dominated the online tutoring services market in 2021

NEW YORK CITY, New York: The market for global online tutoring services is expected to grow from $21 million in 2021 to $55 million by 2027, growing at 26.1 percent from 2022 to 2027.

In a report released by India-based Astute Analytica, time, flexibility and the low cost of online courses are some of the factors influencing the demand for distance learning, along with personalized learning, schedule flexibility and convenience.

The non-live classroom segment held the largest share in the online tutoring services market in 2021, but based on education level, the secondary education segment held the largest market share.

In terms of subject and skills, the Science, Technology, Engineering, and Mathematics segment dominated the online tutoring services market in 2021.

The increasing demand for distance-learning courses, and government support for online teaching, is expected to boost the global online tutoring services market, while the rapid advancements in educational platform offerings and an increasing number of market participants are expanding demand for distance-learning education.

Government support for digital learning and financial support will also encourage the adoption of online tutoring services in an increasingly regulated manner.

To save on intensive IT infrastructure costs and boost the efficiency of operations, educational institutes and organizations are rapidly moving towards cloud-based services.