NEW YORK, July 1, 2024 /PRNewswire/ -- The global MOOCs
market size is estimated to grow by USD
80.53 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of over 52.7%
during the forecast period. Rise in regional MOOCs is driving
market growth, with a trend towards extensive application
of moocs in corporate training. However, completion rates
poses a challenge. Key market players include 360training.com
Inc., Alison, Ambow Education Holding Ltd., Coursera Inc., edX LLC,
Instructure Holdings Inc., iTutorGroup Inc., iversity Learning
Solutions GmbH, NIIT Ltd., Pearson Plc, SAP SE, Seek Ltd.,
Simplilearn, SkillShare Inc., Telefonica SA, Think and Learn Pvt.
Ltd., Udacity Inc., Udemy Inc., Vedantu Innovations Pvt. Ltd., and
XuetangX.
Get a detailed analysis on regions, market
segments, customer landscape, and companies- View the
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MOOCs Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
52.7%
|
Market growth
2024-2028
|
USD 80539.2
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
37.38
|
Regional
analysis
|
North America, APAC,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 38%
|
Key
countries
|
US, China, UK, India,
and Italy
|
Key companies
profiled
|
360training.com Inc.,
Alison, Ambow Education Holding Ltd., Coursera Inc., edX LLC,
Instructure Holdings Inc., iTutorGroup Inc., iversity Learning
Solutions GmbH, NIIT Ltd., Pearson Plc, SAP SE, Seek Ltd.,
Simplilearn, SkillShare Inc., Telefonica SA, Think and Learn Pvt.
Ltd., Udacity Inc., Udemy Inc., Vedantu Innovations Pvt. Ltd., and
XuetangX
|
Market Driver
MOOCs (Massive Open Online Courses) have revolutionized
corporate training by offering flexible, cost-effective solutions.
They enable self-paced learning for technical and non-technical
courses, enhancing productivity and employee engagement. MOOCs are
popular among enterprises for technical education and skill
development tracking. Governments also utilize MOOCs for workforce
development. In the SMB sector, MOOCs help manage skills gaps by
aligning employee training with business needs, saving resources
and maintaining productivity.
The MOOCs market is experiencing significant growth with various
classes and programs available online. Education providers use
technology to deliver flexible and affordable learning
opportunities. Classes cover a wide range of topics, including tech
skills, business, and academics. The use of classrooms and live
instructors adds a more interactive experience. Classes are
self-paced, allowing learners to progress at their own speed.
Companies and individuals utilize MOOCs for professional
development and upskilling. The future of education is moving
towards a more accessible and convenient learning experience. MOOCs
provide an effective solution for those seeking to expand their
knowledge and skills in a flexible and cost-effective
manner.
Research report provides comprehensive data on impact of trend.
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Market Challenges
- The MOOCs market is expanding rapidly with numerous
vendors introducing new courses. However, persistently low
completion rates remain a significant challenge for vendors'
profitability. Technical courses typically have completion rates
below 15%, affecting investor confidence and learner perception.
Factors contributing to this issue include inconsistent content
quality, limited digital curriculum innovations, and insufficient
recommendation systems. Customization using embedded analytics is
also limited due to large learner bases. Addressing these
challenges is crucial for enhancing learner engagement and
improving completion rates in the MOOCs market.
- The MOOCs market has seen significant growth in
recent years, with classes and courses available on various topics.
However, this market also presents several challenges. One
challenge is ensuring effective engagement and interaction between
students and instructors in an online environment. Another
challenge is maintaining the quality of education and ensuring that
certificates issued are recognized by employers. Additionally,
privacy and security concerns, as well as the need for technical
support, can pose challenges for both learners and providers.
Despite these challenges, the potential benefits of MOOCs, such as
flexibility, affordability, and access to high-quality education,
make them an attractive option for individuals seeking to
upskill or reskill.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This moocs market report extensively covers market segmentation
by
- Type
- Subjects
- 2.1 Technology
- 2.2 Science
- 2.3 Business and management
- 2.4 Arts and humanities
- 2.5 Others
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 xMOOCs- The xMOOCs market, which offers
university-level courses to a large learner base, is expected to
grow steadily. Market leaders like Coursera and Udacity use this
model for higher education and corporate learners. XMOOCs provide
structured video lectures, assessments, degrees, certifications,
and digital badges, making it easier for providers to attract and
retain learners. Pricing leverage and course flexibility are
additional benefits. However, challenges such as lack of direct
student-teacher interaction and limited student discussions are
being addressed through innovative learning methods like
gamification and discussion forums.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The MOOCs (Massive Open Online Courses) market has experienced
significant growth in recent years, driven by the digitalization of
education and the widespread use of the internet. Traditional
classroom education is being complemented by digital learning
technologies such as Blockchain, Artificial Intelligence (AI), data
science, data analytics, statistics, machine learning, and
cybersecurity. These technologies enable self-paced learning,
real-time discussions, and face-to-face interactions, making
education more accessible and democratized. Postgraduate degree
programs in computer science, as well as various technology skills,
are increasingly being offered online through video streaming
platforms. Scalability is a key advantage of MOOCs, allowing
educators to reach learners from all over the world. The market for
online courses continues to expand, offering opportunities for
individuals to acquire new skills and knowledge in a flexible and
convenient manner.
Learn and explore more about Technavio's in-depth research
reports
The online language learning market has seen remarkable growth,
driven by increased globalization and the demand for bilingual
professionals. Platforms offering flexible, interactive learning
experiences attract a diverse range of users, from students to
professionals seeking to enhance their skills. Simultaneously, the
market for alternative non-credential courses is expanding. These
courses provide specialized knowledge and practical skills without
formal degrees, appealing to individuals looking for career
advancement, personal development, or a career change. Both markets
are characterized by innovative delivery methods, personalized
learning experiences, and a focus on accessibility, making
education more inclusive and effective.
Market Research Overview
The Massive Open Online Courses (MOOCs) market has experienced
significant growth in recent years, offering flexible and
affordable education opportunities to learners worldwide. These
courses cover a wide range of topics, from technology and science
to business and humanities. MOOCs are delivered through various
platforms, allowing learners to access high-quality education from
top institutions and experts. The market is driven by advancements
in technology, increasing demand for continuous learning, and the
need for cost-effective education solutions. MOOCs also offer
learners the flexibility to learn at their own pace and schedule,
making education more accessible than ever before. The future of
education is being redefined by MOOCs, providing limitless
opportunities for learners to expand their knowledge and
skills.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Subjects
-
- Technology
- Science
- Business And Management
- Arts And Humanities
- Others
- Geography
-
- North America
- APAC
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio