LONDON–(BUSINESS WIRE)–The online tutoring services market in India is expected to post a CAGR of more than 16% during the forecast period, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the increasing expenditure on tutoring. The rise in awareness among students as well as parents about education has led to an increase in the expenditure on online tutoring. The burgeoning competition and rising demand for the preparation of entrance exams for higher education have led to an increase in the expenditure associated with education.
This market research report on the online tutoring services market in India 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the emergence of intelligent tutoring system as one of the key emerging trends in the online tutoring services market in India:
Online tutoring services market in India: Emergence of the intelligent tutoring system
The deployment of intelligent tutoring system in the online tutoring services will impact the growth of the market in future. The online tutoring services have the biggest drawback that it cannot completely monitor the students enrolling in the subscribed services. This drawback can be improved by the usage of ITS in the online tutoring services.
“ITS system will help vendors monitor the users of the services, as well as design the customized learning services for the users, based on their pre-existing understanding about knowledge, their style of learning, and improvement of the students after the enrollment in the course,” says a senior analyst at Technavio.
Online tutoring services market in India: Segmentation analysis
This market research report segments the online tutoring services market in India by end-user (higher education and K-12) and by courses (STEM courses and language courses).
Of the two end-user segments, the higher education segment occupied the highest share of around 77% in the market. Several individuals are increasingly opting for online tutoring courses, owing to the rising emphasis on the preparation of exams associated with higher education, unavailability of teachers for the higher education related subjects and growing competition among the students for the entrance examination.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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