$1.8bn
$XXX.Xm
51,556
23,509
$XXX.Xm
Online tutoring services boomed through the COVID-19 pandemic as they became the sole option for students looking for help with their coursework. Accordingly, the growing industry saw its strongest revenue growth on record in 2020. Many schools, unable to meet student needs amid teacher layoffs, are leaning heavily on online tutors to help struggling students. Innovative strategies have emerged to better integrate online tutors with primary and secondary schools, but the trend away from standardized tests cut usage of exam preparation services. Still, a significant decline in test scores among elementary school students has lifted demand for tutoring services as a whole. Revenue has been surging at a CAGR of 6.9% to an estimated $1.8 billion over the five years through 2024. Revenue will expand by 3.6% in 2024 alone.
Industry revenue has grown at a CAGR of 6.9 % over the past five years, to reach an estimated $1.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Tutor.com | 200.3 | -1.5 | -0.7 | |
Chegg, Inc. | 92.7 | 8.1 | 8.7 | |
Pearson Plc | 23.1 | 1.8 | 7.8 |
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Industry revenue is measured across several distinct product and services lines, including Exam preparation services, Primary school tutoring programs and courses and Occupational and advanced academic programs and courses. Exam preparation services is the largest segment of the Online Tutoring Services in the US.
Primary school tutoring remains the backbone of the industry
This industry provides tutoring services via the Internet. Online tutoring services provide academic assistance across a variety of academic subjects and all age groups for children in primary and secondary school as well as college students.
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NAICS 61169 - Online Tutoring Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Schools want to integrate teachers and tutors into the curriculum to support students. Most working parents welcome school-backed extra help, and some kick in extra funding t...
Learn about an industry's products and services, markets and trends in international trade.
Online tutoring provides much-needed flexibility for busy students and parents. Many students, particularly in high school, balance school with sports, theater or jobs.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Location doesn’t matter for online tutors. Online tutors in California can quickly call in to meet with students on the East Coast.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
A rush of online tutors entered the market in the wake of COVID-19. Profit has taken a hit as competition ramps up.
Learn about the performance of the top companies in the industry.
Tutor.com’s 24/7 online tutoring service has attracted many students looking to cram for exams and assignments. The number of online tutoring sessions more than doubled from ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Schools in Polk County, Florida, tapped into ESSER II funding to hire online tutors. These tutors complement teachers struggling under the weight of staffing shortages.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit is sinking amid intense competition. Still, technological improvements are streamlining tutoring and keeping costs manageable. High demand is keeping revenue on the ri...
Including values and annual change:
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The market size of the Online Tutoring Services in the US industry in United States is $1.8bn in 2024.
There are 23,509 businesses in the Online Tutoring Services in the US industry in United States, which has grown at a CAGR of 12.0 % between 2019 and 2024.
The market size of the Online Tutoring Services in the US industry in United States has been growing at a CAGR of 6.9 % between 2019 and 2024.
Over the next five years, the Online Tutoring Services in the US industry in United States is expected to grow.
The biggest companies operating in the Online Tutoring Services market in United States are Tutor.com, Chegg, Inc. and Pearson Plc
Primary school tutoring and Advanced academic tutoring are part of the Online Tutoring Services in the US industry.
The company holding the most market share in United States is Tutor.com.
The level of competition is high and steady in the Online Tutoring Services in the US industry in United States.