Press release
Massive Open Online Course Market Size, Share, Trends, Growth And Outlook By 2033
Massive Open Online Course Market Size
Massive Open Online Course Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $73.91 billion In 2028 At A CAGR Of 34.5% :
The massive open online course market size has grown exponentially in recent years. It will grow from $16.88 billion in 2023 to $22.61 billion in 2024 at a compound annual growth rate (CAGR) of 34.0%. The growth in the historic period can be attributed to increasing internet penetration, rising demand for skill development, collaborations with universities and institutions, cost-effective education.
The massive open online course market size is expected to see exponential growth in the next few years. It will grow to $73.91 billion in 2028 at a compound annual growth rate (CAGR) of 34.5%. The growth in the forecast period can be attributed to increased focus on lifelong learning, globalization of education, corporate embrace of online learning, government initiatives and support. Major trends in the forecast period include technological advancements, micro-credentials and specializations, personalized learning paths, gamification and interactive content, emergence of hybrid learning models, focus on soft skills, global collaboration and cross-cultural learning, blockchain for credentialing, continuous industry-relevant content updates.
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Massive Open Online Course Market Major Segments
The massive open online course market covered in this report is segmented -
1) By Component: XMOOC Platforms, CMOOC Platforms
2) By Course: Humanities, Computer Science And Programming, Business Management
3) By End User: High Schools, Undergraduate, Postgraduate, Corporate
Key Driver - Online Learning Preferences Fuel Growth In The Massive Open Online Course Market
A growing preference for online learning across the globe is contributing to the growth of the massive open online course market. Online learning refers to education delivered through the internet. It is a learning environment that uses the internet to connect students from various backgrounds and viewpoints using computers, laptops, cell phones, and high-speed internet connections. Due to the rise of the internet and new technologies and the revolution of online education, the preference for learning is shifting from traditional to an online learning environment, which drives the demand for a massive open online course market. For instance, in January 2022, according to The World Economic Forum, a Switzerland-based nongovernmental organization, 92 million students registered for Coursera's online courses in 2021, an increase of 29% compared to 2020, when 71 million students registered for online courses. Therefore, the growing preference for online learning across the globe is contributing to the growth of the massive open online course market.
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Prominent Trend - Transformative Products In The Massive Open Online Course Market
New innovative products have emerged as the key trend gaining popularity in the massive open online course market. Major companies operating in the massive open online courses sector are focused on introducing innovative products to strengthen their market position. For instance, in January 2023, the European Centre for Medium-Range Weather Forecasts (ECMWF), a Europe-based independent intergovernmental organization, introduced a massive open online course (MOOC) focused on machine learning in weather and climate. This free online training program is designed for a global audience and offers diverse elements suitable for varying levels of expertise. Its primary aim is to educate a broader community about the significance and application of machine learning in the realm of numerical weather and climate predictions.
Massive Open Online Course Market Players
Major companies operating in the massive open online course market report are Alison, Coursera Inc., Federica. EU, FutureLearn, Instructure, Intellipaat, Iverity, Jigsaw Academy, Kadenze Inc., LinkedIn Learning, Miriada X, NovoEd Inc., Pluralsight Inc., Simplilearn Solutions Pvt Ltd, Skillshare Inc, Udacity India Private Limited, Udemy Inc., MOOC-CN Information Technology(Beijing)Co. Ltd., Blackboard Inc., Canvas Network Inc., WizIQ Inc., Linkstreet Learning Private Limited, Open2study, edX LLC, Pluralsight LLC, Brain4ce Education Solutions Pvt. Ltd., FutureLearn, NovoEd, Edmodo, Khan Academy, My Mooc, Codecademy, Course360, Cengage Learning, Apple Inc., ProctorU Inc., The Saylor Foundation, Udacity Inc.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the massive open online course market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the massive open online course market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Massive Open Online Course Market Report Structure
3. Massive Open Online Course Market Trends And Strategies
4. Massive Open Online Course Market - Macro Economic Scenario
5. Massive Open Online Course Market Size And Growth
…..
27. Massive Open Online Course Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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