Global Massive Open Online Courses (MOOCs) Market, By Component (Platform, Services), Student Served (Junior High School, Post Graduate, Corporate, Under Graduate, High School), Subjects (Business Management, Computer Science & Programming, Science, Sociology & Philosophy, Humanities, Education and Training, Healthcare & Medicine, Arts & Design, Mathematics, Foreign Language Learning, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
As technology advances and smart phones become more widely available, the demand for accessible and affordable open education for both employees and students grows. This factor is anticipated to propel the global MOOC Market forward in the coming years. Even as the field of massive open online courses (MOOCs) has grown more intriguing over time, it is still plagued by a daunting issue of completion rate, which is likely to limit market growth. This issue must be resolved before MOOCs can be considered a truly successful business paradigm.
Data Bridge Market Research analyses that the massive open online courses (MOOCs) market is expected to reach the value of USD 64034.37 million by 2029, at a CAGR of 36.7% during the forecast period. The demand for scalable open education includes assets, tools, and practises that use an open sharing system to improve education and viability in countries.
Market Definition
Massive Open Online Courses (MOOC) are a distance-based approach to eLearning in which a large number of students can participate in a highly collaborative and interactive manner. Course materials are distributed via a web platform on a per-course or subscription basis. MOOCs are distinguished by their mass participation, social collaborations, interactive forums, and open-ended outcomes.
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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 2019 - 2014)
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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 (Junior High School, Post Graduate, Corporate, Under Graduate, High School), Subjects (Business Management, Computer Science & Programming, Science, Sociology & Philosophy, Humanities, Education and Training, Healthcare & Medicine, Arts & Design, Mathematics, Foreign Language Learning, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Coursera (US), edX (US), Pluralsight (US), Edureka (India), Alison (Ireland), Udacity (US), Udemy (US), Miríadax (Spain), Jigsaw Academy (India), Simplilearn (US), iversity (Germany), Intellipaat (India), Edmodo (US), FutureLearn (UK), LinkedIn (US), NovoEd (US), Open2Study (Australia), WizIQ (India), Skillshare (US), XuetangX (China)
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Opportunities
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Massive Open Online Courses (MOOCs) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- technological advancements as well rising demand for open education
As technology advances and smart phones become more accessible, there is a greater demand for scalable open education for students and employees, which boosts the massive open online courses (MOOCs) market.
- Increased competition among students
The incorporation of gamification into the massive open online courses (MOOCs) platform encourages students to participate in the course while also increasing competition among students, resulting in increased demand for the massive open online courses (MOOCs) market.
Opportunity
The mentorship and personal guidance for students enrolled in massive open online courses (MOOCs) via online platforms is acting as an oppurtunity to the massive open online courses (MOOCs) market.
Restraints
Even as the massive open online courses (MOOCs) space has become more exciting over the years, it is facing a major completion rate problem that it needs to overcome in order to become a truly successful business model, which is acting as a restraint for the massive open online courses (MOOCs) market growth during the aforementioned period.
This massive open online courses (MOOCs) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the massive open online courses (MOOCs) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Post COVID-19 Impact on Massive Open Online Courses (MOOCs) Market
In the last two years, there has been a significant increase in market focus on healthcare, public health, and public administration and management. Furthermore, as a result of the recent COVID-19 outbreak, this trend has gained momentum around the world. Since the start of global lockdowns, the University of Cape Town (UCT) has seen an increase in MOOC participation. In response to the COVID-19 pandemic, over 10,000 people enrolled in the Understanding Clinical Research course, which is geared toward medical statistics knowledge. As of March 2020, FUN (France Université Numérique), a MOOC platform that dominates the French Online Course Ecosystem, announced that it will offer a total of 31 MOOCs in 2020, divided into two collections, "ProjetSUP" and "RéussiteSUP.
Global Massive Open Online Courses (MOOCs) Market Scope
The massive open online courses (MOOCs) market is segmented on the basis of component, student served and subjects. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Components
- Platform
- Services
On the basis of component, the massive open online courses (MOOCs) market is segmented into platform and services. In 2020, platform segment has accounted the largest market share due to the growing trend of higher education and adoption of smartphones has raise demand for the MOOCs.
Students served
- Junior high school
- Post graduate
- Corporate
- Under graduate
- High school
On the basis of student served, the massive open online courses (MOOCs) market is segmented into junior high school, post graduate, corporate, under graduate and high school. In 2020, post graduate segment has accounted the largest market share due to growing trend of mobile learning, social learning has result improving skill sets.
Subjects
- Business management
- Computer science & programming
- Science
- Sociology & philosophy
- Humanities
- Education & training
- Healthcare & medicine
- Arts & design
- Mathematics
- Foreign language learning
- Others
On the basis of subjects, the massive open online courses (MOOCs) market is segmented into business management, computer science & programming, science, sociology & philosophy, humanities, education & training, healthcare & medicine, arts & design, mathematics, foreign language learning and others. In 2020, business management segment has accounted the largest market share due to the growing trend of corporate learning in the large organization.
Massive Open Online Courses (MOOCs) Market Regional Analysis/Insights
The massive open online courses (MOOCs) market is analysed and market size insights and trends are provided by country, component, student served and subjects as referenced above.
The countries covered in the massive open online courses (MOOCs) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As the country's concern for digital learning grows, the United States accounted for the largest market share for the component. However, Spain accounted for the largest market share for the component due to the growing trend of digitalization in companies, which has compelled employees to improve their skill sets. Furthermore, China accounted for the largest market share for the component as the number of internet users has increased the trend for online learning.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Massive Open Online Courses (MOOCs) Market Share Analysis
The massive open online courses (MOOCs) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to massive open online courses (MOOCs) market.
Some of the major players operating in the massive open online courses (MOOCs) market are:
- Coursera (US)
- edX (US)
- Pluralsight (US)
- Edureka (India)
- Alison (Ireland)
- Udacity (US)
- Udemy (US)
- Miríadax (Spain)
- Jigsaw Academy (India)
- Simplilearn (US)
- iversity (Germany)
- Intellipaat (India)
- Edmodo (US)
- FutureLearn (UK)
- LinkedIn (US)
- NovoEd (US)
- Open2Study (Australia)
- WizIQ (India)
- Skillshare (US)
- XuetangX (China)
Research Methodology: Global Massive Open Online Courses (MOOCs) Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
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