The North America massive open online courses (MOOCs) market is a dynamic educational landscape characterized by the widespread adoption of online learning. With a diverse array of courses offered by prestigious institutions, MOOCs in North America cater to a broad audience seeking accessible learning opportunities. Learners benefit from the convenience of remote access to courses, fostering a culture of lifelong learning. The evolving nature of job markets and the need for upskilling and reskilling further fuel the MOOCs market's expansion.
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Data Bridge Market Research analyses that the North America Massive Open Online Courses (MOOCs) Market which was USD 1,013.16 million in 2021 and is expected to reach USD 47,673.91 million by 2029, registering a CAGR of 36.90% during the forecast period of 2022-2029. MOOCs provide diverse courses from prestigious institutions, accommodating a wide audience with varying schedules. The flexibility inherent in MOOCs allows learners to pursue education at their own pace, fostering accessibility and convenience in the learning process.
Key Findings of the Study
Cost-effectiveness is expected to drive the market's growth rate
Cost-effectiveness is a pivotal driver of MOOC growth. Unlike as traditional education, MOOCs often provide free or affordable courses, expanding access to a diverse audience, including those financially constrained. By eliminating barriers such as high tuition, textbook, and travel costs, MOOCs democratize education, broadening learning opportunities and making knowledge accessible to individuals who might otherwise be unable to pursue formal education due to financial constraints.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Platform, Services), Student Served (Post Graduate, Corporate, Under Graduate, High School and Junior High School), Subjects (Business Management, Computer Science and Programming, Science, Sociology and Philosophy, Humanities, Education and Training, Healthcare and Medicine, Arts and Design, Mathematics, Foreign Language Learning and Others)
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Countries Covered
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U.S., Canada and Mexico in North America
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Market Players Covered
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Udacity Inc. (U.S.), Federica Web Learning (Italy), edX Inc. (U.S.), Coursera Inc (U.S.), Udemy, Inc. (U.S.), Pluralsight LLC (U.S.), Alison (Ireland), FutureLearn (U.K.), XuetangX (China), Skillshare Inc. (U.S.), OpenupEd (U.K.), Kadenze, Inc. (U.S.), and 360training (U.S.), among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis:
The North America massive open online courses (MOOCs) market is segmented on the basis of component, student served, and subjects.
- On the basis of component, the North America massive open online courses (MOOCs) market is segmented into platform, and services
- On the basis of student served, the North America massive open online courses (MOOCs) market is segmented into post graduate, corporate, under graduate, high school and junior high school
- On the basis of subjects, the North America massive open online courses (MOOCs) market is segmented into business management, computer science and programming, science, sociology and philosophy, humanities, education and training, healthcare and medicine, arts and design, mathematics, foreign language learning and others
Major Players
Data Bridge Market Research recognizes the following companies as the major North America massive open online courses (MOOCs) market players in North America massive open online courses (MOOCs) market are Udacity, Inc. (U.S.), Federica Web Learning (Italy), edX Inc. (U.S.), Coursera Inc (U.S.), Udemy, Inc. (U.S.), Pluralsight LLC (U.S.), Alison (Ireland), FutureLearn (U.K.), XuetangX (China)
Market Developments
- In 2022, the University of California, Riverside Extension (UCRX) and edX partnered to launch the first MOOCs on the edX platform, focusing on MicroBachelors programs in Statistics Fundamentals and Mathematics, expanding educational offerings
- In 2022, the London School of Economics (LSE) collaborated with edX, introducing the first MOOC and MicroBachelors programs, diversifying degree options and pioneering online undergraduate education with 2U
- In 2020, Udacity, Inc. initiated a partnership with Microsoft, commencing the Machine Learning Scholarship Program for Microsoft Azure, fostering skill development and enhancing learning opportunities in the field of machine learning
- In 2020, Federica Web Learning launched expansive MOOCs in Japan, adapting to flexible delivery models. The initiative, more valuable in the pandemic, enabled the company to generate revenue by providing knowledge and education during challenging times
- In 2020, edX Inc. initiated a global initiative, providing complimentary access to expertise and content to aid colleges in implementing effective online teaching and learning. This strategic move supports universities preparing for the upcoming semester, particularly when campuses are anticipated to be closed or mostly closed. By offering valuable resources, edX aims to enhance its brand presence and contribute significantly to the evolving landscape of the MOOCs market
Regional Analysis
Geographically, the countries covered in the North America massive open online courses (MOOCs) market report are U.S., Canada and Mexico in North America.
As per Data Bridge Market Research analysis:
U.S. is the dominant country in the North America massive open online courses (MOOCs) market during the forecast period 2022-2029
U.S. dominates the North America massive open online courses (MOOCs) market, claiming the largest market share. The surge in digitalized technology adoption within organizations contributes to this dominance, reflecting a robust demand for online learning solutions. The U.S. market's leadership underscores the country's embrace of technological advancements in education, shaping the MOOC landscape and affirming the significance of digital platforms in catering to the evolving needs of learners and organizations.
Canada is estimated to be the fastest growing region in North America massive open online courses (MOOCs) market during the forecast period 2022-2029
Canada is expected to dominate the North America massive open online courses (MOOCs) market, holding the largest market share. This prominence is attributed to a rising emphasis on higher education within the country. As the demand for advanced learning options grows, Canada stands out as a key player, reflecting its commitment to fostering educational opportunities and addressing the evolving needs of learners in the MOOCs landscape.
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