The latest research study “Massive Open Online Courses (MOOC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global massive open online courses (MOOC) market size reached US$ 13.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 63.98 Billion by 2028, exhibiting a growth rate (CAGR) of 29.98% during 2023-2028.
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What is Massive Open Online Courses (MOOC) Market?
Massive open online courses (MOOCs) represent various free web-based learning programs designed for training, teaching, and promoting active participation of geographically dispersed individuals by delivering access to courses over the internet. They usually comprise several traditional teaching materials, such as e-books, online quizzes, presentations, assessments, recorded or filmed video lectures, interactive learning modules, forum interactions, etc. Compared to conventional training structures, MOOCs do not offer academic credits; instead, they supply an online certification to improve the employment opportunity of a candidate. In addition, these programs offer diverse subjects while ensuring no physical location dependence, are cost-effective, provide flexible learning education, and enhanced career prospects. As a result, MOOCs find widespread applications in academic institutions to teach multiple subjects to postgraduates, employees, graduates, and high school students.
Massive Open Online Courses (MOOC) Market Trends and Drivers:
The escalating demand for cost-effective and self-paced learning platforms with multiple interactive content materials and the rising need for these programs, on account of the sudden outbreak of the COVID-19 pandemic, are among the primary factors driving the massive open online courses (MOOC) market. Besides this, the extensive utilization of these practices by employees and graduates for learning various business management skills, such as logistics, marketing, entrepreneurship, and leadership, is further augmenting the market growth. Moreover, the introduction of knowledge systems and learning applications and the large-scale integration of MOOC platforms with blockchain, artificial intelligence (AI), data analytics, quantum computing, and mixed reality (MR) to offer more useful learning experiences are also catalyzing the global market. Apart from this, the emerging trend of digitalization and the shifting consumer inclination toward these programs over typical educational training are expected to bolster the massive open online courses (MOOC) market in the coming years.
Market 2023-2028 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Who are the key players in the Massive Open Online Courses (MOOC) Market?
- 360training.com Inc.
- Coursera Inc.
- Edx LLC
- FutureLearn Limited
- Intellipaat Software Solutions Pvt. Ltd.
- Iversity Inc.
- Jigsaw Academy
- Linkedin Corporation
- My Mooc
- Udemy Inc.
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The report has segmented the market on the basis of
- Training and Support
The report has also provided a detailed breakup and analysis of massive open online courses (MOOC) market based on the component. This includes platform (xMOOC and cMOOC) and services (consulting, implementation, and training and support). According to the report, service represented the largest segment.
- Business Management
- Computer Science and Programming
- Sociology and Philosophy
- Education and Training
- Healthcare and Medicine
A detailed breakup and analysis of the massive open online courses (MOOC) market based on the course has also been provided in the report. This includes business management, computer science and programming, science, sociology and philosophy, humanities, education and training, healthcare and medicine, and others. According to the report, business management accounted for the largest market share.
End User Insights:
- Junior High School
- High School
A detailed breakup and analysis of the massive open online courses (MOOC) market based on the end user has also been provided in the report. This includes junior high school, post-graduate, corporate, under-graduate, and high school. According to the report, corporate accounted for the largest market share.
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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