Massive Open Online Course (MOOC) Market Global Outlook 2021 - 2025: Coursera Inc., edX Inc., Udacity Inc., FutureLearn Ltd (Seek Limited), Canvas Networks Inc.

Market Insights Reports delivers key insights on the Massive Open Online Course (MOOC) Market in its latest report titled, “Massive Open Online Course (MOOC) Market - Growth, Trends, And Forecasts (2020 - 2025)” provides an in-depth analysis of key players strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The global massive open online course (MOOC) market was valued at USD 5641.2 million in 2019, and it is expected to reach USD 15748.7 million by 2025, with an estimated CAGR of 18.13%, during the period from 2020 to 2025.

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Top Key Players in the Global Massive Open Online Course (MOOC) Market: Coursera Inc., edX Inc., Udacity Inc., FutureLearn Ltd (Seek Limited), Canvas Networks Inc., Udemy Inc., openSAP (SAP SE), 360training.com Inc., Iversity Inc. (Springer Nature), Mir’adax (Telef—nica Learning Services S.L.U.), Blackboard Inc. (Providence Equity Partners)

- May 2020 - edX announced a global initiative to help universities facing the challenge of implementing effective online teaching and learning. By offering access to expertise and content for free, edX is assisting universities in creating a plan for the upcoming semester when a vast majority of campuses are likely to be closed or partially closed. The initial response to the COVID-19 pandemic from universities was to address the move to remote teaching quickly.

- March 2020 - Coursera is making its entire course catalog free to universities worldwide to help counter the disruption caused by the coronavirus pandemic, forcing campuses to stop in-person teaching. The announcement comes as more institutions across the globe were instructed to suspend classes to halt the spread of COVID-19. In Italy's footsteps, Europe's most affected country, Poland, Ukraine, and Hungary, have now ordered campus closures alongside a slew of US states.

Key Market Trends

Technology Subject is expected to hold Major Share

- The technology segment is one of the most evolved segments in the studied market. Most of the people are enrolling in these categories, as these are the easiest to monetize. Additionally, the growing adoption of the latest technologies, like data analytics and AI, across various industries, is further expanding the scope of the studied segment over the forecast period. The technology segment mainly consists of courses related to computer science, IT and data analytics and statistics, machine learning, and cybersecurity, among others. Technologies, such as Artificial Intelligence (AI) and machine learning, are some of the segment's emerging courses.
- According to Class Central, among the top 100 online courses until now, technology holds the most significant number. Some of the most enrolled courses in the technology segments in the last few years are Introduction to Interactive Programming in Python (Rice University via Coursera), Getting Started with Python (the University of Michigan via Coursera), Machine Learning (Stanford University via Coursera), Introduction to Programming with MATLAB (Vanderbilt University via Coursera), Elements of AI (the University of Helsinki via Independent) and Divide and Conquer, Sorting and Searching, and Randomized Algorithms (Stanford University via Coursera), among others.
- According to the industry experts, the most common subjects for MOOC-based degrees are computer science, IT, data science, and combinations thereof (e.g., IT management, cybersecurity). Georgia Techs online masters degree in computer science (OMSCS), which is offered on Udacity and has over 9,000 students. Georgia Tech also released a second, similar program in 2019 on the edX platform. The Online Masters of Science In Analytics could be completed for less than USD 10,000. Three of Georgia Techs OMS Analytics foundational courses form the Analytics: Essential Tools and Methods MicroMasters credential program on edX.
- Moreover, in January 2020, Esri, a location intelligence provider, announced a new massive open online course (MOOC) on spatial data science. It is a no-cost course, with a 6-week time-frame on its training website. It would also include full access to ArcGIS Pro, ArcGIS Online, and ArcGIS Notebooks software. Moreover, according to Class Central, as of January 2020, over 10,000 students enrolled in a MOOC-based degree program, with most of the enrolled students arising from two universities and three online degrees: the Online Masters Degree in Computer Science (Georgia Tech with Udacity), the Online Master of Science in Analytics (Georgia Tech with edX), and the iMBA (University of Illinois Urbana Champaign with Coursera).

Regional Analysis:

The report offers an in-depth assessment of the growth and other aspects of the Massive Open Online Course (MOOC) market in important countries (regions), including:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Asia-Pacific is Expected to Witness Highest Growth

- Due to a large number of working and studying population, China is using digital learning technology to enhance education equity, quality, and efficiency. MOOCs took off in China in 2013 with the launch of XuetangX, Chinas first MOOC platform, which was developed by Tsinghua University. According to the Ministry of Education of China, there are more than 10 MOOC platforms in the country, and over 460 universities and colleges have introduced more than 3,200 online courses through those platforms, with more than 55 million viewers. Also, over 200 Chinese online courses have joined international MOOC platforms.
- Furthermore, according to the Class central MOOC report 2019, China currently offers more than 12,500 MOOCs. The most prominent MOOC provider is iCourse, which was run by Chinese University MOOC, which launched about 600 courses in 2018 and presently delivers 2,500 different MOOCs. Moreover, the Chinese government has set the target for 3000 MOOCs by the end of 2020. Also, there is a 22-story tower in Beijing names as MOOC Times Building that houses a government-supported incubator for edtech companies. In August 2019, about 270 million people took massive open online courses (MOOC) in China, according to the Ministry of Education. About 80 million were college students out of total users.
- MOOCs gained popularity in India for over half a decade for students and professionals, especially in technology and engineering, who found it difficult to upgrade their skills in the ever-changing and disruptive world of technology. According to the class central MOOC report 2019, India invested more than USD 33 million in SWAYAM. Instead of such higher cost, the platform is open, SWAYAM courses are free to take. Besides, India hopes to raise national enrollments in higher education to 30% by 2021. According to Coursera, out of 35 million users worldwide, India has the most significant number of learners on the Coursera platform after the United States.
- According to mezzomedia, in 2019, 44% used Social media (blog, cafe by Naver, Daum), and 43.6 % used portal for online learning education in South Korea. According to a mezzomedia survey conducted in South Korea in 2019, around 36.7% of the respondents reported that they spent two to three hours per day learning online.This shows that owing to more usage of the Korean language at all levels, people are interested in learning different languages through an online platform, which makes them use MOOC as the platform, as it contains a variety of contents that are easily accessible and feasible. Moreover, significant universities in the country, such as Seoul National University, offer MOOC courses SNUx helpful in various fields, ranging from business, politics, natural science, technology, and the arts.

This Massive Open Online Course (MOOC) Market report addresses:

- The Market size from 2015-2020

- Expected market growth until 2025

- Forecast of how market drivers, restraints, and future opportunities will affect

- Segment and regions that will drive or lead the market growth and why

- Comprehensive mapping of the competitive landscape

- In-depth analysis of key sustainability strategies adopted by market place

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