Overview and Scope
The massive open online course is a free web-based distance learning program designed for massive student groups from various locations. It offers readily available online materials produced by subject experts in their individual fields of study. The massive open online course is used to provide a cost-effective and flexible method to learn new skills, enhance careers, and deliver high-quality educational experiences on a large scale.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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
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Major Driver Impacting Market Growth
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.
Key Industry 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.
The massive open online course market report table of contents includes:
1. Executive Summary
2. Massive Open Online Course Market Characteristics
3. Massive Open Online Course Market Trends And Strategies
4. Massive Open Online Course Market – Macro Economic Scenario
5. Global Massive Open Online Course Market Size and Growth
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31. Global Massive Open Online Course Market Competitive Benchmarking
32. Global Massive Open Online Course Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Massive Open Online Course Market
34. Massive Open Online Course Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
Alison
Coursera Inc
Federica. EU
FutureLearn
Instructure
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