Massive Online Open Course (MOOC) Market to Witness Robust Expansion throughout the Forecast Period 2020 - 2026: Top Key Players like | Canvas Networks, edX, Udacity, Coursera, Udemy, Intellipaat, Edureka

The global Massive Online Open Course (MOOC) Market is expected to reach USD 42.97 Billion by 2026, according to a new report by Reports and Data. A massive open online course (MOOC) is a kind of online course that provides open access and interactive participation to interested candidates through the internet. MOOCs provide course materials, to the participants, that are generally used in a conventional education setting, such as lectures, study materials, videos, and problem sets. Besides this, MOOCs provide interactive user forums, which are tremendously useful in building a community for students, teaching assistants, and professors.

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Key participants include Canvas Networks Inc., edX Inc., Udacity Inc., Coursera Inc., Udemy Inc., Intellipaat, Edureka, Khan Academy, Pluralsight, and FutureLearn, among others.

Easy availability, accessibility, and affordability of MOOC is estimated to stimulate market demand in the forecast period. MOOCs, mainly xMOOCs, offer high quality content from some of the best global universities for free to anyone possessing a computer and an internet connection. This in itself is an astounding value proposition, and hence, MOOCs are an incredibly valuable addition to educational provision.

The high demand for MOOC from the corporate sector is expected to boost market demand. MOOCs have steadily shifted to offering content that is relevant to the world of work with course topics ranging from machine learning and Java programming to communication and leadership. As corporate employees are already using MOOCs to acquire and update professional skills and enhance their career prospects on their own, companies have an unexploited opportunity to harness this kind of learning method in the service of organizational goals.

Some companies recognize this and have started to collaborate with MOOC providers to enhance employee training. AT&T, L'Oral, GE, and Marks & Spencer are notable examples. Others, such as McKinsey, Tenaris, and Microsoft are even producing their own MOOC content on business management, humanities, technology, and finance, among others for public consumption.

In April 2019, Coursera, a leading player in the MOOC market, had raised USD 103.0 million from two of its current investors and a new one, the SEEK Group, an Australian jobs platform that owns a business that helps universities take their academic programs online.
Concerns about the effectiveness of MOOC and low rates of course completion may create hindrances in the growth of the market.

For the purpose of this report, Reports and Data have segmented the global MOOC market on the basis of type, provider type, subject type, end-users, and region:

Type Outlook (Revenue, USD Million; 2016-2026)
o xMOOC
o cMOOC

Provider Type Outlook (Revenue, USD Million; 2016-2026)
o Private Company
o University
o Government

Subject Type Outlook (Revenue, USD Million; 2016-2026)
o Engineering & Technology
o Business Management
o Science
o Humanities & Social Sciences
o Others

End-Users Outlook (Revenue, USD Million; 2016-2026)
o High School Students
o Undergraduates
o Postgraduates
o Corporates

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Regional Outlook (Revenue, USD Million; 2016-2026)

o North America (United States, Canada and Mexico)
o Europe (Germany, France, UK, Russia and Italy)
o Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
o South America (Brazil, Argentina, Colombia)

Further key findings from the report suggest
o By type, xMOOC contributed to a larger market share in 2018 and is expected to grow at a rate of 34.8% in the forecast period.
o By provider type, private companies dominated the market in 2018 and are expected to grow at a significant rate over the forecast period.
o By subject type, MOOC for engineering and technology occupied 26.9% of the market in 2018.
o Corporates held the largest market share in 2018 due to the increasing acceptance of MOOC for career growth and development.
o The market in the Asia Pacific region is projected to experience the highest growth rate of 35.8% in the forecast period

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5. Comprehensive analysis of the historical data and contemporary market scenario to infer industry size, volume, share, growth, and sales
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7. Market segments and regions

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