The global K-12 online tutoring market was valued at over USD 69 billion in 2016 and is expected to surpass USD 120 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global K-12 online tutoring market to its K12 and higher education portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Club Z! Tutoring, Fleet Education Services, New Oriental Education and Technology, and Pearson Education.
According to Jhansi Mary, a lead analyst for K12 and higher education research at Technavio, “The incorporation of artificial intelligence (AI) in online tutoring services will revolutionize the education market. The online tutoring market is also witnessing the adoption of intelligent tutoring systems (ITS), which is an amalgamation of machine learning technologies and online tutoring.”
These systems are interacting directly with students without any human intervention, and these devices have the ability to interpret complex human responses while simultaneously imparting knowledge to the students. These AI systems can learn the student learning patterns and understanding levels along with adjusting their content focus and feedback. The ITS offer student’s information on ideas, errors, feedback, and corrections required.
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Emergence of virtual learning
The educational institutions across the world are adopting virtual classrooms that enable smooth functioning of online tutoring services. These services help offer the best content to various students across the globe without geographical boundaries. The adoption of various web conferencing tools such as Google Hangouts, SyncPad, and Skype by the students and teachers is facilitating their participation and delivery of online learning content.
Analytical applications
The companies in the market are designing software and platforms that bridge the gap between individual needs and effective learning content. These analytical tools are designed to offer lessons that are individualized and meet various needs to cope with the different levels of understanding, performance, and vocabulary of learners. These tools can perform online assessment and monitor student progress. The analysis provided by these tools are used by students to gauge their performance by self-evaluating themselves on parameters of reading, writing, grammar, and listening skills.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global K-12 Online Tutoring Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Private Tutoring Market 2016-2020
- Global Online Language Market 2016-2020
- Global Classroom Wearables Technology Market 2016-2020
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