Global MOOC market is expected to witness significant growth of USD 65.48 billion in 2026

Global MOOC market is expected to witness significant growth in the forecast period of 2019-2026, growing at a CAGR of 40.55%. This is expected to raise the estimated market value from USD 4.3 billion in 2018 to an estimated value of USD 65.48 billion in 2026. This growing trend can be attributed to the growing demand of cheaper e-learning platforms and ability of reaching a broader student base.

Market Definition:
MOOC (Massive Open Online Course), can be described as the online courses that have an open education platform and can reach an unlimited amount of participants. It contains the videos of traditional forms of lectures with complete course materials and promotes community interactions between the learners and the professionals.

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Market Drivers:
Growing need for cheaper and able to reach a broader student base learning platforms is expected to drive the market growth
Easier way of learning and wider reach of e-learning is also expected to drive the market growth

Market Restraints:
Lower completion rate and degree earning as compared to the traditional form of learning is expected to restrain the market growth
Absence of personalized path of learning system and guidance is also expected to restrain the market growth

Competitive Analysis: Global MOOC Market
Global MOOC market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of MOOC market for global, Europe, North America, Asia Pacific and South America.

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Major Market Competitors/Players: Global MOOC Market
Few of the major competitors currently working in the MOOC market are
• Pluralsight LLC
• Coursera Inc.
• edX Inc.
• iversity
• Udacity Inc.
• LinkedIn
• FutureLearn
• NovoEd
• Udemy Inc.
• MOOC-CN Information Technology (Beijing) Co Ltd.
• Alison
• Edmodo
• Brain4ce Education Solutions Pvt. Ltd.
• Federica Weblearning
• INTELLIPAAT.COM
• Jigsaw Academy Education Pvt Ltd.
• Kadenze Inc.
• Khan Academy
• Linkstreet Learning
• Miríadax
• My Mooc
• Simplilearn Solutions
• Skillshare Inc.
• WizIQ Inc.

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This release was published on openPR.