Global Online Tutoring Market Research – Technavio
The top online tutoring sites in the world are spending heavily on investments to offer the best online tutoring sites to the learners. Many companies are investing on online tutoring websites that integrate the modern AI technologies into their best online tutoring programs. The global online tutoring market is forecast to witness a CAGR of about 14% for the next five years, with the growing importance of online tutoring and rising demand for online tutoring websites across developed and developing countries. The increasing number of online tutoring sites for test preparation and vocal training is expected to fuel the growth of the leading online tutoring companies. According to Technavio’s latest market research report, the global online tutoring market is moderately fragmented owing to the presence of many online tutoring sites who offer the best online tutoring programs and courses.
Rise of the Online Tutoring Sites
Online tutoring services refers to the process of teaching through the online medium where the tutors and students can interact virtually. Some of the leading online tutoring sites are placing greater emphasis on modern AI technologies that highlight the benefits of online tutoring. The growing adoption of online tutoring services and growing importance of online tutoring is compelling the top online tutoring sites to expand their geographical reach and enter new business territories. Here follows the list of the top online tutoring companies in the world.
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Top Online Tutoring Sites in the World 2018
Chegg is one of the top online tutoring sites in the world with a wide presence in the global online tutoring market. Chegg was established in 2005 by Osman Rashid, Aayush Phumbhra, and Josh Carlson and is headquartered at California, US. Chegg, one of the best online tutoring websites has an annual revenue of over USD 255 million and almost 900 professionals are employed with the company.
Club Z is one of the best online tutoring sites based out of Florida, US that offers test preparation and tutoring services. Club Z was founded in 1995 and offers online tutoring services for grades through 12, and college tutoring. The annual revenue of Club Z is estimated to be around USD 100 million and the top online tutoring companies has over 200 employees around the world.