India online tutoring services market to grow at a CAGR of 17.03% by 2027: Increasing expenditure on tutoring is driving market growth - Technavio

NEW YORK, Feb. 21, 2023 /PRNewswire/ -- According to Technavio, India online tutoring services market size is estimated to grow by USD 10,585.08 million from 2022 to 2027. The market is estimated to grow at a CAGR of 17.03% during the forecast period. Moreover, the growth momentum will accelerate. The report includes historic market data from 2017 to 2021. In 2017, India online tutoring services market was valued at USD 4,030.89 million. The report provides a comprehensive analysis on growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the market. For more insights on the market, request a sample report

Online tutoring services market in India - Five Forces
The online tutoring services market in India is fragmented, and the five forces analysis covers– 

• Bargaining power of buyers 
• The threat of new entrants
• Threat of rivalry
• Bargaining power of suppliers
• Threat of substitutes
• For an interpretation of Porter's five forces model – Buy the report!

Online tutoring services market in India – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Online tutoring services market in India - Segmentation assessment

Segment overview
Technavio has segmented the market based on end-user (higher education and k-12) and courses (STEM courses, language courses, and others). 

• The STEM courses segment will account for a significant share of the market's growth during the forecast period. STEM-based occupations are some of the highest-paid occupations, which is driving the growth of this segment. STEM subjects are highly important at each stage of education, such as primary, secondary, and higher education. Moreover, educational institutions focus on STEM subjects while designing the examination pattern. These factors will fuel the growth of this segment during the forecast period.

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Online tutoring services market in India – Market dynamics
Key factor driving market growth

• The increasing expenditure on tutoring is driving market growth.
• The rise in awareness about education has led to an increase in the expenditure on online tutoring.
• Moreover, the Government of India has invested in online-based education and tutoring, especially in rural and semi-urban areas.
• For example, the government has launched a page named E-Contents in its official MHRD portal, where various e-learning and online tutoring services and associated plans and initiatives are mentioned.
• Thus, increasing expenditure on tutoring is expected to boost the growth of the tutoring services market in India during the forecast period.

Leading trends influencing the market 

• The emergence of intelligent tutoring systems is a key trend in the market.
• An ITS system helps vendors monitor the users and design customized learning services.
• It helps in delivering better services as well as will enable students to gain better results, with the help of regular feedback.
• These factors will support the growth of the market in India during the forecast period.

Major challenges hindering market growth

• The lack of quality training for tutors is challenging market growth.
• Parents and students are quite unsure of the quality and credibility of online tutors, syllabus covered, and methodology of teaching, as the Indian market does not have any mandatory rules and regulations.
• Hence, students tend to choose those companies that are more popular.
• These factors will challenge the growth of the market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this India online tutoring services market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of India online tutoring services market between 2023 and 2027
• Precise estimation of the size of the online tutoring services market in India and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of India online tutoring services market vendors

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Related Reports:

The online vocational courses market is estimated to grow at a CAGR of 16.56% between 2022 and 2027. The size of the market is forecasted to increase by USD 21,546.78 million. This report extensively covers market segmentation by type (technical and non-technical), courses (IT and software courses, business management courses, finance and accounting courses, personal development courses, and other courses), and geography (North America, APAC, Europe, South America, and Middle East and Africa).

The K-12 online tutoring market is estimated to grow at a CAGR of 12.34% between 2022 and 2027. The size of the market is forecasted to increase by USD 97.66 billion. This report extensively covers market segmentation by type (structured tutoring and on-demand tutoring) and geography (APAC, North America, Europe, Middle East and Africa, and South America).

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by Courses
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 11: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 12: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 13: Chart on India: Year-over-year growth 2022-2027 (%)
• Exhibit 14: Data Table on India: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Online tutoring services market in India 2017 - 2021
• Exhibit 15: Historic Market Size – Data Table on Online tutoring services market in India 2017 - 2021 ($ million)

• 4.2 By courses Segment Analysis 2017 - 2021
• Exhibit 16: Historic Market Size – By courses Segment 2017 - 2021 ($ million)

• 4.3 By End-user Segment Analysis 2017 - 2021
• Exhibit 17: Historic Market Size – By End-user Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Courses

• 6.1 Market segments 
• Exhibit 25: Chart on Courses - Market share 2022-2027 (%)
• Exhibit 26: Data Table on Courses - Market share 2022-2027 (%)

• 6.2 Comparison by Courses 
• Exhibit 27: Chart on Comparison by Courses
• Exhibit 28: Data Table on Comparison by Courses

• 6.3 STEM courses - Market size and forecast 2022-2027
• Exhibit 29: Chart on STEM courses - Market size and forecast 2022-2027 ($ million)
• Exhibit 30: Data Table on STEM courses - Market size and forecast 2022-2027 ($ million)
• Exhibit 31: Chart on STEM courses - Year-over-year growth 2022-2027 (%)
• Exhibit 32: Data Table on STEM courses - Year-over-year growth 2022-2027 (%)

• 6.4 Language courses - Market size and forecast 2022-2027
• Exhibit 33: Chart on Language courses - Market size and forecast 2022-2027 ($ million)
• Exhibit 34: Data Table on Language courses - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Chart on Language courses - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Language courses - Year-over-year growth 2022-2027 (%)

• 6.5 Other - Market size and forecast 2022-2027
• Exhibit 37: Chart on Other - Market size and forecast 2022-2027 ($ million)
• Exhibit 38: Data Table on Other - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Chart on Other - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Other - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Courses 
• Exhibit 41: Market opportunity by Courses ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 42: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 43: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 44: Chart on Comparison by End-user
• Exhibit 45: Data Table on Comparison by End-user

• 7.3 Higher education - Market size and forecast 2022-2027
• Exhibit 46: Chart on Higher education - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Higher education - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Higher education - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Higher education - Year-over-year growth 2022-2027 (%)

• 7.4 K-12 - Market size and forecast 2022-2027
• Exhibit 50: Chart on K-12 - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on K-12 - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on K-12 - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on K-12 - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by End-user 
• Exhibit 54: Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 56: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape 
• Exhibit 57: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 58: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 59: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 60: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 61: Matrix on vendor position and classification

• 11.3 Aakash Educational Services Ltd. 
• Exhibit 62: Aakash Educational Services Ltd. - Overview
• Exhibit 63: Aakash Educational Services Ltd. - Product / Service
• Exhibit 64: Aakash Educational Services Ltd. - Key offerings

• 11.4 Chegg Inc. 
• Exhibit 65: Chegg Inc. - Overview
• Exhibit 66: Chegg Inc. - Product / Service
• Exhibit 67: Chegg Inc. - Key news
• Exhibit 68: Chegg Inc. - Key offerings

• 11.5 Indiavidual Learning Ltd. 
• Exhibit 69: Indiavidual Learning Ltd. - Overview
• Exhibit 70: Indiavidual Learning Ltd. - Product / Service
• Exhibit 71: Indiavidual Learning Ltd. - Key offerings

• 11.6 Eupheus Learning 
• Exhibit 72: Eupheus Learning - Overview
• Exhibit 73: Eupheus Learning - Product / Service
• Exhibit 74: Eupheus Learning - Key offerings

• 11.7 Khan Academy Inc. 
• Exhibit 75: Khan Academy Inc. - Overview
• Exhibit 76: Khan Academy Inc. - Product / Service
• Exhibit 77: Khan Academy Inc. - Key offerings

• 11.8 Preply Inc. 
• Exhibit 78: Preply Inc. - Overview
• Exhibit 79: Preply Inc. - Product / Service
• Exhibit 80: Preply Inc. - Key offerings

• 11.9 SSSI Tutoring Services 
• Exhibit 81: SSSI Tutoring Services - Overview
• Exhibit 82: SSSI Tutoring Services - Product / Service
• Exhibit 83: SSSI Tutoring Services - Key offerings

• 11.10 TakeLessons Inc. 
• Exhibit 84: TakeLessons Inc. - Overview
• Exhibit 85: TakeLessons Inc. - Product / Service
• Exhibit 86: TakeLessons Inc. - Key offerings

• 11.11 TeacherOn.com 
• Exhibit 87: TeacherOn.com - Overview
• Exhibit 88: TeacherOn.com - Product / Service
• Exhibit 89: TeacherOn.com - Key offerings

• 11.12 Think and Learn Pvt. Ltd. 
• Exhibit 90: Think and Learn Pvt. Ltd. - Overview
• Exhibit 91: Think and Learn Pvt. Ltd. - Product / Service
• Exhibit 92: Think and Learn Pvt. Ltd. - Key offerings

• 11.13 Tute Education Ltd. 
• Exhibit 93: Tute Education Ltd. - Overview
• Exhibit 94: Tute Education Ltd. - Product / Service
• Exhibit 95: Tute Education Ltd. - Key offerings

• 11.14 Tutor.com Inc. 
• Exhibit 96: Tutor.com Inc. - Overview
• Exhibit 97: Tutor.com Inc. - Product / Service
• Exhibit 98: Tutor.com Inc. - Key offerings

• 11.15 TutorEye Inc. 
• Exhibit 99: TutorEye Inc. - Overview
• Exhibit 100: TutorEye Inc. - Product / Service
• Exhibit 101: TutorEye Inc. - Key offerings

• 11.16 Varsity Tutors LLC 
• Exhibit 102: Varsity Tutors LLC - Overview
• Exhibit 103: Varsity Tutors LLC - Product / Service
• Exhibit 104: Varsity Tutors LLC - Key offerings

• 11.17 Vedantu Innovations Pvt. Ltd. 
• Exhibit 105: Vedantu Innovations Pvt. Ltd. - Overview
• Exhibit 106: Vedantu Innovations Pvt. Ltd. - Product / Service
• Exhibit 107: Vedantu Innovations Pvt. Ltd. - Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 108: Inclusions checklist
• Exhibit 109: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 110: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 111: Research methodology
• Exhibit 112: Validation techniques employed for market sizing
• Exhibit 113: Information sources

• 12.5 List of abbreviations 
• Exhibit 114: List of abbreviations

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