image

Online Tutoring Services Market Report Scope & Overview:

The Online Tutoring Services Market Size was valued at USD 8.84 Billion in 2023 and is expected to reach USD 26.31 Billion by 2031 and grow at a CAGR of 14.6% over the forecast period 2024-2031.

Online tutoring is the practice of tutoring in a virtual, online, or networked setting in which teachers and students interact from various physical places. Online tutoring is a virtual classroom that students can access whenever it is convenient for them. According to the study, participants might be separated by both time and geography. Online tutoring is done in a number of methods for different sorts of consumers. It is a revenue-generating platform where service providers may share their expertise. The flexibility and autonomy that online tutoring affords are driving the demand for online tutoring.

Online tutoring may help candidates who are eager to study or register in a course in a number of ways. Online tutoring helps students and tutors determine previous knowledge, areas of difficulty, and individual learning processes.

Online Tutoring Services Market Revenue Analysis

Get more information on Online Tutoring Services Market - Request Sample Report

Market Dynamics

Drivers

  • Increased Investment in Innovative Teaching Techniques

To stay up with technological breakthroughs, the learning process is rapidly expanding. The teaching and learning technology (EdTech) business, which includes online tutoring and massively open online courses (MOOCs), is rapidly expanding and receiving considerable global investment. The Asia-Pacific region is expected to witness the industry's quickest development due to the continued construction of high-speed internet networks and the rising popularity of smart gadgets among the general people. In India, for example, the continuous expansion of accessible broadband internet allows enterprises to engage with the general population online. The trend is promoting the development of cutting-edge technology for delivering instructional information. To bridge the gap between educational infrastructure and accessible instructional resources, players in the education sector are contemplating the use of cutting-edge technology.

Restrains

  • Free-source information is widely available, and MOOCs (Massive Open Online Courses) pose a threat to the growth of the online tutoring services sector.

Opportunities

  • Rapid Technological Adoption

The worldwide online tutoring industry is quickly increasing, with organizations ranging from early-stage start-ups investigating prospects to making an impact with market-transforming efforts. Some of the major reasons impacting market growth are the fast adoption of new technologies, learners' rising demand for one-on-one mentor supervision, and acceptable solutions that match their financial, geographic, and time constraints. Venture capitalists and individual investors are significantly investing in the online tutoring market due to the attractive development potential of the digital learning sector.

Beginning in February 2022, the Department of South Australia's Learning+ project provided free one-on-one online tutoring with certified, trained teachers to children at neighboring schools after school and on weekends. The goal of this effort is to improve learning outcomes for children who participate.

Challenges

  • Internet connectivity or infrastructure in certain areas may pose challenges for the delivery of online tutoring services.

Impact of the Russia-Ukraine War

The conflict can lead to disruptions in the education system, including the closure of schools and universities, displacement of students and teachers, and infrastructure damage. In such situations, online tutoring services may become crucial for students to continue their education remotely. As traditional educational institutions face challenges, there could be a surge in demand for online tutoring services. Students and parents may seek alternative methods to ensure continuity in learning, leading to a greater reliance on online tutoring platforms. According to the Ministries of Education and Science of Ukraine (MoES), the war harmed 1,635 educational institutions (5% of total) and destroyed 126. The conflict may result in the displacement of individuals, both within Ukraine and potentially across borders. This could create a need for online tutoring services that cater to the specific needs of these displaced populations, providing education in their native language or adapting to their cultural requirements. Online tutoring platforms may seize the opportunity to expand their services into affected regions. They could establish partnerships with local educational institutions or NGOs to provide educational support to affected communities. This expansion could contribute to the overall growth of the online tutoring market. If the conflict disrupts internet connectivity or infrastructure in certain areas, it may pose challenges for the delivery of online tutoring services. Service providers may need to explore alternative solutions, such as mobile-based platforms or offline learning materials, to overcome these limitations. The war can have a broader economic impact on the affected countries, leading to changes in consumer spending patterns. Families may face financial constraints, which could influence their ability to invest in online tutoring services. This may result in a shift in demand towards more affordable or subsidized options.

Impact of the Recession

During a recession, individuals and families may seek cost-effective alternatives to traditional education. Online tutoring services can provide more affordable options compared to in-person tutoring or private education. As a result, there could be an increase in demand for online tutoring services. Recessions often lead to decreased disposable income and reduced consumer spending. Families and individuals may need to cut back on non-essential expenses, including tutoring services. This could result in a decline in demand for online tutoring services, especially for higher-priced providers. Recessions may accelerate the adoption of online education platforms and remote learning. As schools and educational institutions face budget constraints, they may explore online tutoring services as a more cost-effective way to provide additional academic support to students. This could result in increased partnerships between educational institutions and online tutoring platforms. During economic downturns, some online tutoring service providers may struggle to sustain their operations due to reduced demand or financial challenges. This could lead to market consolidation as stronger players acquire or merge with smaller competitors, creating a more concentrated industry landscape. During recessions, governments often prioritize investments in education and skills development to stimulate economic recovery. This could lead to increased funding or support for online tutoring services, either directly through government initiatives or indirectly through grants and subsidies.

Key Market Segmentation:

The Online Tutoring Services Market is segmented into four types on the basis of By Course Type, By Tutoring Type, By Tutoring Style, By Duration, and By End-user

By Course Type

  • Language Courses

  • Science, Technology, Engineering, And Mathematics (STEM) Courses

  • Others

By Tutoring Type

  • Structured Tutoring

  • On-demand Tutoring

By Tutoring Style

  • Test Preparation Service

  • Subject Tutoring Service

By Duration

  • Short-term Courses

  • Long-term Courses

By End-user

  • K-12

  • Higher Education

  • Others

 

Need any Customization Research on Online Tutoring Services Market - Enquiry Now

Regional Analysis

Asia-Pacific is the largest stakeholder in the worldwide online tutoring services market The Asia-Pacific region is likely to witness tremendous expansion in the online tutoring business as a result of rising economies such as India. Government-led strategic initiatives, such as government-funded rural education programs, are expected to encourage online tutoring services throughout the Asia-Pacific region. For example, the National Digital Library of India, an online library established by India's Ministry of Human Resource Development, provides instructional information for various academic levels based on subject matter.

In Asia-Pacific, online tutoring has huge potential. The region's industry will be formed and will continue to grow in the coming months as a result of significant institutions' agreements with online service providers and government measures promoting online education.

During the projection period, North America is estimated to increase high CAGR. This region's strong share is due to a large client base and reputed ICT solution suppliers. Chegg Inc., ArborBridge, Club Z! Inc., and Kaplan, Inc. are among the many service providers in North America. There is a considerable accomplishment difference in the United States between pupils from rich and impoverished homes.

REGIONAL COVERAGE:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

Asia-Pacific

  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of the Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Key Players:

The major players are iTutorGroup, Club Z!, Qkids Teacher, Vedantu.com, BYJU'S, Ambow Education, ArborBridge, Beijing Magic Ears Technology Co., Ltd, BOK Solutions, Inc, Chegg Inc., Wyzant, Inc., Varsity Tutors, Yup Technologies, Blue Media LLC., Tutor.com, Inc., and others in the final report.

Vedantu.com-Company Financial Analysis

Company Landscape Analysis

Recent Developments:

Chegg, Inc., the industry leader in student-focused online learning, announced the launch of its faculty-focused platform University to Canada and the United Kingdom in August 2022.

Adam Caller, education consultant, CEO, and founder of Tutors International, an elite private tutoring organization, announced a collaboration with Kabuni Metaverse, a pioneer in immersive technology, in November 2022.

Online Tutoring Services Market Report Scope:
Report Attributes Details
Market Size in 2023  US$ 8.84 Bn
Market Size by 2031  US$ 26.31 Bn
CAGR   CAGR of 14.6% From 2024 to 2031
Base Year  2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Course Type (Language Courses, Science, Technology, Engineering, And Mathematics (STEM) Courses, Others)
• By Tutoring Type (Structured Tutoring, On-demand Tutoring)
• By Tutoring Style, Test Preparation Service, Subject Tutoring Service)
• By Duration (Short-term Courses, Long-term Courses)
• By End-user (K-12, Higher Education, Others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Company Profiles iTutorGroup, Club Z!, Qkids Teacher, Vedantu.com, BYJU'S, Ambow Education, ArborBridge, Beijing Magic Ears Technology Co., Ltd, BOK Solutions, Inc, Chegg Inc., Wyzant, Inc., Varsity Tutors, Yup Technologies, Blue Media LLC., Tutor.com, Inc.
Key Drivers • Increased Investment in Innovative Teaching Techniques
Market Opportunities • Rapid Technological Adoption

 

Frequently Asked Questions

Ans: 14.87% is the CAGR of the Online Tutoring Services Market in the forecast period of 2023-2030.

Ans: USD 7.71 billion in 2022 is the market share of the Online Tutoring Services Market.

Ans. The major players are iTutorGroup, Club Z, Qkids Teacher, Vedantu.com, BYJU'S, Ambow Education, ArborBridge, Beijing Magic Ears Technology Co., Ltd, BOK Solutions, Inc, Chegg Inc., Wyzant, Inc., Varsity Tutors, Yup Technologies, Blue Media LLC., Tutor.com, Inc., and others in the final report.

Ans. The forecast period for the Online Tutoring Services Market is 2023-2030.

Ans: The asia-Pacific region is dominating the Online Tutoring Services Market.

Table of Contents

1.Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Online Tutoring Services Market Segmentation, By Course Type
8.1 Language Courses
8.2 Science, Technology, Engineering, And Mathematics (STEM) Courses
8.3 Others

9. Online Tutoring Services Market Segmentation, By Tutoring Type
9.1 Structured Tutoring
9.2 On-demand Tutoring

10. Online Tutoring Services Market Segmentation, By Tutoring Style
10.1 Test Preparation Service
10.2 Subject Tutoring Service

11. Online Tutoring Services Market Segmentation, By Duration
11.1 Short-term Courses
11.2 Long-term Courses

12. Online Tutoring Services Market Segmentation, By End-user
12.1 K-12
12.2 Higher Education
12.3 Others

13.1 Introduction
13.2 North America
13.2.1 North America Online Tutoring Services Market By Country
13.2.2North America Online Tutoring Services Market By Course Type
13.2.3 North America Online Tutoring Services Market By Tutoring Type
13.2.4 North America Online Tutoring Services Market By Tutoring Style
13.2.5 North America Online Tutoring Services Market By Duration
13.2.6 North America Online Tutoring Services Market By End-user
13.2.7 USA
13.2.7.1 USA Online Tutoring Services Market By Course Type
13.2.7.2 USA Online Tutoring Services Market By Tutoring Type
13.2.7.3 USA Online Tutoring Services Market By Tutoring Style
13.2.7.4 USA Online Tutoring Services Market By Duration
13.2.7.5 USA Online Tutoring Services Market By End-user
13.2.8 Canada
13.2.8.1 Canada Online Tutoring Services Market By Course Type
13.2.8.2 Canada Online Tutoring Services Market By Tutoring Type
13.2.8.3 Canada Online Tutoring Services Market By Tutoring Style
13.2.8.4 Canada Online Tutoring Services Market By Duration
13.2.8.5 Canada Online Tutoring Services Market By End-user13.2.9 Mexico
13.2.9.1 Mexico Online Tutoring Services Market By Course Type
13.2.9.2 Mexico Online Tutoring Services Market By Tutoring Type
13.2.9.3 Mexico Online Tutoring Services Market By Tutoring Style
13.2.9.4 Mexico Online Tutoring Services Market By Duration
13.2.9.5 Mexico Online Tutoring Services Market By End-user
13.3 Europe
13.3.1 Europe Online Tutoring Services Market By country
13.3.2 Europe Online Tutoring Services Market By Course Type
13.3.3 Europe Online Tutoring Services Market By Tutoring Type
13.3.4 Europe Online Tutoring Services Market By Tutoring Style
13.3.5 Europe Online Tutoring Services Market By Duration
13.3.6 Europe Online Tutoring Services Market By End-user
13.3.7 Germany
13.3.7.1 Germany Online Tutoring Services Market By Course Type
13.3.7.2 Germany Online Tutoring Services Market By Tutoring Type
13.3.7.3 Germany Online Tutoring Services Market By Tutoring Style
13.3.7.4 Germany Online Tutoring Services Market By Duration
13.3.7.5 Germany Online Tutoring Services Market By End-user
13.3.8 UK
13.3.8.1 UK Online Tutoring Services Market By Course Type
13.3.8.2 UK Online Tutoring Services Market By Tutoring Type
13.3.8.3 UK Online Tutoring Services Market By Tutoring Style
13.3.8.4 UK Online Tutoring Services Market By Duration
13.3.8.5 UK Online Tutoring Services Market By End-user
13.3.9 France
13.3.9.1 France Online Tutoring Services Market By Course Type
13.3.9.2 France Online Tutoring Services Market By Tutoring Type
13.3.9.3 France Online Tutoring Services Market By Tutoring Style
13.3.9.4 France Online Tutoring Services Market By Duration
13.3.9.5 France Online Tutoring Services Market By End-user
13.3.10 Italy
13.3.10.1 Italy Online Tutoring Services Market By Course Type
13.3.10.2 Italy Online Tutoring Services Market By Tutoring Type
13.3.10.3 Italy Online Tutoring Services Market By Tutoring Style
13.3.10.4 Italy Online Tutoring Services Market By Duration
13.3.10.5 Italy Online Tutoring Services Market By End-user
13.3.11 Spain
13.3.11.1 Spain Online Tutoring Services Market By Course Type
13.3.11.2 Spain Online Tutoring Services Market By Tutoring Type
13.3.11.3 Spain Online Tutoring Services Market By Tutoring Style
13.3.11.4 Spain Online Tutoring Services Market By Duration
13.3.11.5 Spain Online Tutoring Services Market By End-user
13.3.12 The Netherlands
13.3.12.1 Netherlands Online Tutoring Services Market By Course Type
13.3.12.2 Netherlands Online Tutoring Services Market By Tutoring Type
13.3.12.3 Netherlands Online Tutoring Services Market By Tutoring Style
13.3.12.4 Netherlands Online Tutoring Services Market By Duration
13.3.12.5 Netherlands Online Tutoring Services Market By End-user
13.3.13 Rest of Europe
13.3.13.1 Rest of Europe Online Tutoring Services Market By Course Type
13.3.13.2 Rest of Europe Online Tutoring Services Market By Tutoring Type
13.3.13.3 Rest of Europe Online Tutoring Services Market By Tutoring Style
13.3.13.4 Rest of Europe Online Tutoring Services Market By Duration
13.3.13.5 Rest of Europe Online Tutoring Services Market By End-user
13.4 Asia-Pacific
13.4.1 Asia Pacific Online Tutoring Services Market By country
13.4.2 Asia Pacific Online Tutoring Services Market By Course Type
13.4.3 Asia Pacific Online Tutoring Services Market By Tutoring Type
13.4.4Asia Pacific Online Tutoring Services Market By Tutoring Style
13.4.5Asia Pacific Online Tutoring Services Market By Duration
13.4.6 Asia Pacific Online Tutoring Services Market By End-user
13.4.7 Japan
13.4.7.1 Japan Online Tutoring Services Market By Course Type
13.4.7.2 Japan Online Tutoring Services Market By Tutoring Type
13.4.7.3 Japan Online Tutoring Services Market By Tutoring Style
13.4.7.4 Japan Online Tutoring Services Market By Duration
13.4.7. 5Japan Online Tutoring Services Market By End-user
13.4.8South Korea
13.4.8.1 South Korea Online Tutoring Services Market By Course Type
13.4.8.2 South Korea Online Tutoring Services Market By Tutoring Type
13.4.8.3 South Korea Online Tutoring Services Market By Tutoring Style
13.4.8.4 South Korea Online Tutoring Services Market By Duration
13.4.8.5 South Korea Online Tutoring Services Market By End-user
13.4.9 China
13.4.9.1 China Online Tutoring Services Market By Course Type
13.4.9.2 China Online Tutoring Services Market By Tutoring Type
13.4.9.3 China Online Tutoring Services Market By Tutoring Style
13.4.9.4 China Online Tutoring Services Market By Duration
13.4.9.5 China Online Tutoring Services Market By End-user
13.4.10 India
13.4.10.1 India Online Tutoring Services Market By Course Type
13.4.10.2 India Online Tutoring Services Market By Tutoring Type
13.4.10.3 India Online Tutoring Services Market By Tutoring Style
13.4.10.4 India Online Tutoring Services Market By Duration
13.4.10.5 India Online Tutoring Services Market By End-user
13.4.11 Australia
13.4.11.1 Australia Online Tutoring Services Market By Course Type
13.4.11.2 Australia Online Tutoring Services Market By Tutoring Type
13.4.11.3 Australia Online Tutoring Services Market By Tutoring Style
13.4.11.4 Australia Online Tutoring Services Market By Duration
13.4.11.5 Australia Online Tutoring Services Market By End-user
13.4.12 Rest of Asia-Pacific
13.4.12.1 APAC Online Tutoring Services Market By Course Type
13.4.12.2 APAC Online Tutoring Services Market By Tutoring Type
13.4.12.3 APAC Online Tutoring Services Market By Tutoring Style
13.4.12.4 APAC Online Tutoring Services Market By Duration
13.4.12.5 APAC Online Tutoring Services Market By End-user
13.5 The Middle East & Africa
13.5.1 The Middle East & Africa Online Tutoring Services Market By country
13.5.2 The Middle East & Africa Online Tutoring Services Market By Course Type
13.5.3 The Middle East & Africa Online Tutoring Services Market By Tutoring Type
13.5.4The Middle East & Africa Online Tutoring Services Market By Tutoring Style
13.5.5 The Middle East & Africa Online Tutoring Services Market By Duration
13.5.6The Middle East & Africa Online Tutoring Services Market By End-user
13.5.7 Israel
13.5.7.1 Israel Online Tutoring Services Market By Course Type
13.5.7.2 Israel Online Tutoring Services Market By Tutoring Type
13.5.7.3 Israel Online Tutoring Services Market By Tutoring Style
13.5.7.4 Israel Online Tutoring Services Market By Duration
13.5.7.5 Israel Online Tutoring Services Market By End-user
13.5.8 UAE
13.5.8.1 UAE Online Tutoring Services Market By Course Type
13.5.8.2 UAE Online Tutoring Services Market By Tutoring Type
13.5.8.3 UAE Online Tutoring Services Market By Tutoring Style
13.5.8.4 UAE Online Tutoring Services Market By Duration
13.5.8.5 UAE Online Tutoring Services Market By End-user
13.5.9South Africa
13.5.9.1 South Africa Online Tutoring Services Market By Course Type
13.5.9.2 South Africa Online Tutoring Services Market By Tutoring Type
13.5.9.3 South Africa Online Tutoring Services Market By Tutoring Style
13.5.9.4 South Africa Online Tutoring Services Market By Duration
13.5.9.5 South Africa Online Tutoring Services Market By End-user
13.5.10 Rest of Middle East & Africa
13.5.10.1 Rest of Middle East & Asia Online Tutoring Services Market By Course Type
13.5.10.2 Rest of Middle East & Asia Online Tutoring Services Market By Tutoring Type
13.5.10.3 Rest of Middle East & Asia Online Tutoring Services Market By Tutoring Style
13.5.10.4 Rest of Middle East & Asia Online Tutoring Services Market By Duration
13.5.10.5 Rest of Middle East & Asia Online Tutoring Services Market By End-user
13.6 Latin America
13.6.1 Latin America Online Tutoring Services Market By Country
13.6.2 Latin America Online Tutoring Services Market By Course Type
13.6.3 Latin America Online Tutoring Services Market By Tutoring Type
13.6.4 Latin America Online Tutoring Services Market By Tutoring Style
13.6.5Latin America Online Tutoring Services Market By Duration
13.6.6 Latin America Online Tutoring Services Market By End-user
13.6.7 Brazil
13.6.7.1 Brazil Online Tutoring Services Market By Course Type
13.6.7.2 Brazil Africa Online Tutoring Services Market By Tutoring Type
13.6.7.3Brazil Online Tutoring Services Market By Tutoring Style
13.6.7.4 Brazil Online Tutoring Services Market By Duration
13.6.7.5 Brazil Online Tutoring Services Market By End-user
13.6.8 Argentina
13.6.8.1 Argentina Online Tutoring Services Market By Course Type
13.6.8.2 Argentina Online Tutoring Services Market By Tutoring Type
13.6.8.3 Argentina Online Tutoring Services Market By Tutoring Style
13.6.8.4 Argentina Online Tutoring Services Market By Duration
13.6.8.5 Argentina Online Tutoring Services Market By End-user
13.6.9 Rest of Latin America
13.6.9.1 Rest of Latin America Online Tutoring Services Market By Course Type
13.6.9.2 Rest of Latin America Online Tutoring Services Market By Tutoring Type
13.6.9.3 Rest of Latin America Online Tutoring Services Market By Tutoring Style
13.6.9.4 Rest of Latin America Online Tutoring Services Market By Duration
13.6.9.5 Rest of Latin America Online Tutoring Services Market By End-user

14 Company Profile
14.1 Qkids Teacher
14.1.1 Market Overview
14.1.2 Financials
14.1.3 Product/Services/Offerings
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Vedantu.com.
14.2.1 Market Overview
14.2.2 Financials
14.2.3 Product/Services/Offerings
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 BYJU'S.
14.3.1 Market Overview
14.3.2 Financials
14.3.3 Product/Services/Offerings
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 Ambow Education.
14.4.1 Market Overview
14.4.2 Financials
14.4.3 Product/Services/Offerings
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 ArborBridge
14.5.1 Market Overview
14.5.2 Financials
14.5.3 Product/Services/Offerings
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Beijing Magic Ears Technology Co., Ltd.
14.6.1 Market Overview
14.6.2 Financials
14.6.3 Product/Services/Offerings
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 BOK Solutions, Inc.
14.7.1 Market Overview
14.7.2 Financials
14.7.3 Product/Services/Offerings
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Chegg Inc.
14.8.1 Market Overview
14.8.2 Financials
14.8.3 Product/Services/Offerings
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Wyzant, Inc.
14.9.1 Market Overview
14.9.2 Financials
14.9.3 Product/Services/Offerings
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Varsity Tutors.
14.10.1 Market Overview
14.10.2 Financials
14.10.3 Product/Services/Offerings
14.10.4 SWOT Analysis
14.10.5 The SNS View

15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments

16. USE Cases and Best Practices

17. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone