Global Market Report on Online Teaching for a Business Research Company – Global Market Report 2022 – Market Size, Trends and Global Forecast 2022-2026
LONDON, Greater London, UK, January 14, 2022 / EINPresswire.com/ – According to an online market research report, the increasing demand for e-learning due to the impact of COVID-19 is driving the growth of the market. COVID-19 has led to school closures around the world. As a result, education has changed dramatically, with a notable rise in e-learning and online tutoring taking place remotely and across online platforms. For example, Byju’s, an India-based tech and online education company, has announced free live lessons on its Think and Learn app and has seen a 200% increase in new students using its product. Therefore, the increasing demand for e-learning is expected to drive the growth of the online teaching market.
The online tutoring market consists of sales of online tutoring services and related products by entities (institutions, sole traders and partnerships) that provide online tutoring services. Online teaching is the process of teaching in a digital, interactive, or connected environment where teachers and students are located in different geographic locations.
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The global online teaching market size is expected to grow from $6.98 billion in 2021 to $8.17 billion in 2022 at a compound annual growth rate (CAGR) of 16.9%. The change in the growth trend of the online teaching market is mainly due to the companies stabilizing their production after meeting the demand that has grown exponentially during the COVID-19 pandemic. The online teaching market is expected to reach $14.76 billion in 2026 with a compound annual growth rate of 15.9%.
Companies are increasingly investing in online teaching market trends such as motivation for better user engagement. The use of games in e-learning and online tutoring is expected to provoke game-like interaction and engagement among learners. This improves information retention, motivation, and increases productivity. For example, in June 2020, Byju’s, an India-based educational technology and online education company, introduced Disney BYJU’s Early Learn app for Android and iOS, which includes motivational strategies. Other online tutoring companies like Class Dojo and rainscape have also invested in motivation.
TBRC’s global online tutoring market analysis identifies the following divisions by type in STEM courses, language courses, and other courses; By applying to K-12, college students, in-service education, and others; By type of sales channel in private training, international organizations and associations, educational institutes, etc.
The major players included in the global online teaching industry are Vedantu Innovations Pvt. Ltd. , China Distance Education Holdings Ltd. , Chegg, BYJU’S, Embibe, Khan Academy, TutStu Education, Club Z! Inc., iTutorGroup, New Oriental Education & Technology Group, Pearson Plc, TAL Education Group, Ambow Education Holding Ltd., ArborBridge Inc., Tutor Eye Inc., Varsity Tutors, ThoughtCo., GradeStack Learning Pvt. Ltd., Fleet Education Services.
Global Online Tutoring Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026 is one of a series of new reports from Business Research firm providing an overview of the Online Tutoring market, forecasting Online Tutoring market size and growth of the entire market, segments Online Teaching Market, geographies, Online Teaching market trends, Online Education market drivers, restraints, key competitors revenue, profiles, and market shares.
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