The Graduate Management Admission Test (GMAT) serves as a gatekeeper for many respected business schools globally. It is a standardised test that measures verbal, mathematical, and analytical writing skills—areas critical for success in modern business and management curriculums. Consequently, the GMAT tutoring industry has become a significant arena for academic and professional development, with various key findings and insights crucial for success.

The GMAT tutoring industry is a dynamic landscape, primarily populated by three types of players: individual tutors, small boutique companies, and large test-prep firms. The blossoming gig economy has facilitated a surge in individual tutors, often accomplished GMAT test-takers themselves, offering personalized training and flexible schedules.

On the other end of the spectrum, large test-prep firms like Kaplan or Manhattan Prep provide comprehensive, structured programs with curated study materials and regularly scheduled classes. Bridging this gap are the boutique firms, offering the personal touch of individual tutors with the structural advantages of larger firms.

As we delve deeper into the industry's intricacies, it becomes evident that the demand for GMAT tutoring is cyclical, typically peaking in the months leading up to application deadlines for MBA programs. The industry seems to be swayed by the economic principle of countercyclical demand - when the economy is thriving, professionals feel secure in their jobs and the demand for GMAT tutoring decreases; conversely, during economic downturns, the demand rises as individuals seek to upskill or pivot careers through an MBA.

The GMAT tutoring industry's lifeblood is the test's complexity. The GMAT is not merely a matter of rote learning but involves strategic comprehension and application of concepts. Hence, the tutors who excel are those who can demystify the test and train students to think like the test makers.

Tools such as practice questions, mock tests, and score analyzers are crucial in this endeavor. However, the efficacy of these tools is contingent upon their quality and relevance to the actual test. Tutors must therefore stay abreast of changes in the GMAT and adjust their resources accordingly.

The advent of technology has also significantly impacted the GMAT tutoring industry, most notably in the realm of online tutoring. Online platforms provide geographical flexibility, making quality tutoring accessible to a wider student base. However, the trade-off involves sacrificing the personal connection and immediate feedback that in-person tutoring provides.

Moreover, the digital revolution has fostered an environment conducive to self-study, with an abundance of online resources and forums enabling peer-to-peer assistance. While this might intuitively seem detrimental to the GMAT tutoring industry, it has, in fact, created a niche for tutors who can effectively curate and guide students through this information overload.

The GMAT tutoring industry is indeed a fascinating microcosm of the larger education sector. It is driven by the need for high-stakes standardized testing and the desire for individuals to better themselves either personally or professionally. As such, it is an industry that requires practitioners to be not just proficient in the GMAT, but also in pedagogy, technology, and the dynamics of supply and demand.

In conclusion, the GMAT tutoring industry is a complex and constantly evolving landscape. Its success is dependent on various factors such as the expertise of the tutors, the quality of the study resources, the flexibility of delivery, and the ability to adapt to changes in the GMAT and the larger economic context. Understanding these dynamics and adapting to them is key to success in this industry.