LONDON--(BUSINESS WIRE)--The online tutoring services market in US is expected to grow by USD 12.81 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the online tutoring services market in US in optimistic, probable, and pessimistic forecast scenarios.
The online tutoring services market in US will witness Positive and Superior during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to Increase as compared to 2019.
Enterprises will go through Response, Recovery and Renew phases. Download free report sample
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure. Click here
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Online Tutoring Services Market Participants in US:
ArborBridge Inc. operates its business under various segments such as SAT & PSAT Programs, ACT Programs, SAT Subject Test Programs, ISEE & SSAT Preparation, Academic Tutoring, and GMAT/GRE Preparation. The company offers various online course tutoring services for school students in different grades.
BenchPrep operates its business under six segments, which include the modern LMS, learning ecosystem, admissions test prep, certification prep, continuing education, and others. The company offers various online course tutoring services across the US.
Chegg Inc. has business operations under Chegg services and required materials segments. The company offers Rent or Buy books, Textbook solutions, and Online tutoring.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/online-tutoring-services-market-in-the-us-industry-analysis
Online Tutoring Services Market in US 2020-2024: Segmentation
Online Tutoring Services Market in US is segmented as below:
- Test preparation service
- Subject tutoring service
- Higher education institutes
- K-12 schools
The online tutoring services market in US is driven by flexibility offered by online tutoring. In addition, other factors such as technological advances and virtual learning and increase in tutoring support for test preparation services are expected to trigger online tutoring services market in US toward witnessing a CAGR of over 10% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.