Press release
Massive Open Online Course (MOOC) Market is Projected to Expand at 32% CAGR and Reach US$ 212.7 billion by 2034
Massive Open Online Course (MOOC) Market
A massive open online course (MOOC) is a web-based distance learning program designed for the participation of large numbers of geographically dispersed students.
Massive Open Online Courses (MOOCs) are open-access online courses that anybody can enroll for. MOOCs offer anyone an inexpensive and flexible opportunity to learn new skills. The market for MOOCs is primarily determined by a variety of industry factors, as well as the growing importance of online learning around the world.
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Digital advancements in online courses over the past decade have boosted the growth of the massive open online course market substantially. Advantages such as lesser cost, availability in different languages, availability of demo classes, special attention to every student, open for everyone, and others are fuelling the demand for massive open online courses worldwide.
The demand for MOOCs is surging due to digital advancements and the increasing availability of language courses. Additionally, the shift in student preferences towards digital learning, which enables personalized education, is driving market expansion. Tools like Microsoft Teams, Zoom, and Google Meet have facilitated easier access for students to connect with tutors and enhance their educational progress
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Key Takeaways from Market Study
The global sales of MOOC exceeded US$ 7.55 Bn by the end of 2021.
The sales of MOOC are expected to exceed US$ 152 Bn by registering a CAGR of 35% through the forecast period 2022-2032.
Asia Pacific is expected to hold more than 40% market share for MOOC courses.
North America is expected to hold more than 45% market share in the upcoming assessment period.
Increasing massive open online course sales in the United States is being led by high accessibility of the internet and growing demand for cost-effective education platforms across the country. Growing interest in pursuing diverse courses online at affordable rates is drawing more students to subscribe for online courses.
MOOC ((Massive Open Online Course) Market: Competitive Scenario
The MOOC market comprises numerous players that invite considerable competition. The players in the MOOC market are trying to upgrade their services and features to facilitate a seamless experience for the end-user. The government support for the efficient functioning of MOOCs through expanding broadband connectivity across remote and rural regions is also bringing considerable growth opportunities for the MOOC market to magnify its consumer base.
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Competitive Landscape -
In October 2021, Alison announced free skill training to learners for to meet US apprenticeship surge. The company is offering 25 courses that focus on providing job offers to learners.
Miríada X, a regional MOOC provider offers more than 490 courses in Spanish & Portuguese, created by the leading universities in Spanish and Portuguese speaking countries.
Key Segments Covered in the MOOC Industry Report
Customer Category
Individual MOOCs
Enterprise / Corporate MOOCs
MOOCs for Small Enterprise
MOOCs for Medium Sized Enterprise
MOOCs for Large Enterprise
MOOCs for Educational Institutes
Primary Objective
MOOCs for Reskilling and Online Certification
MOOCs for Language and Casual Learning
MOOCs for Supplemental Education
MOOCs for Higher Education
MOOCs for Test Preparation
Program
Certificate & Professional Program MOOCs
Degree & Master Programs MOOCs
Other MOOC Programs
Course
Business & Management MOOCs
Data Science / Programming / Computer Science MOOCs
Science (Pure) MOOCs
Social Science MOOCs
Humanities MOOCs
Educational & Teaching MOOCs
Engineering MOOCs
Health & Medicine MOOCs
Mathematics MOOCs
Art & Design MOOCs
Other MOOCs (Law, Language Etc.)
Model
xMOOC
cMOOC
Read More - https://www.globenewswire.com/en/news-release/2022/08/10/2496070/0/en/Massive-Open-Online-Course-MOOC-Market-Is-Expected-To-Register-A-CAGR-Of-35-By-Accumulating-Value-Of-US-152-Billion-In-The-Forecast-Period-2022-2032-Fact-MR.html
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