LeapZipBlog: dheeraj Pawar's blog: Massive Open Online Course (MOOC) Market Revenues to expand $20.8 billion by 2023

Massive Open Online Course (MOOC) Market Revenues to expand $20.8 billion by 2023

November 20, 2019 by dheeraj Pawar  

According to a new market research report "MOOC Market by Component (Platforms (XMOOC and CMOOC), Services), Course (Humanities, Computer Science and Programming, and Business Management), User Type (High School, Undergraduate, Postgraduate, and Corporate) and Region - Global Forecast to 2023", is expected to grow from USD 3.9 billion in 2018 to USD 20.8 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 40.1% during the forecast period. Key growth factors for the market include an increasing need for scalable open education, global training, and cost-effective education platforms.

Browse and in-depth TOC on “MOOC Market”

67 - Tables

29 - Figures

145 - Pages

Corporates segment to hold the largest market share in 2018 during the forecast period

Corporates are increasingly adopting the MOOC as a part of their employee engagement and development programs. They implement MOOC platforms for various purposes, such as training and development, professional certification, and professional courses, for developing their employees’ strategical thinking abilities and improving the production and brand value of the company. The MOOC acts as a cost-effective learning platform to enhance the skill sets of the employees and enables organizations to track their employees progress. An organization can also opt for tailor-made courses, which can help the organization to meet its objectives.

Request PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237288995

XMOOC platform to dominate the market owing to high quality content from universities and supportive initiatives by governments

A majority of MOOC providers are adopting the XMOOC platform over the other existing platforms, due to the various learning alternatives being offered by the platform. These alternatives can be a time-flexible learning path, enabling learners to access learning resources whenever required, or a pre-defined structure with a specific time-bound learning and assessment path, or a combination of both. XMOOC would probably tend to have a greater impact on MOOC due to its other features, such as capstone projects, real- world simulation environment, and high-quality content provided by the leading partnering universities, courses provided at a very affordable cost and consistent financial support for the development. The users are also encouraged to adopt the XMOOC platform at a higher growth rate due to the rise in the college costs, followed by the shrinking value of the undergraduate degrees.

Education and training segment to grow at the highest CAGR during the forecast period

Education and training facilitates learners with knowledge, values, beliefs, habits, and skills and helps them implement the same in various enterprises. In the era of continuous advancements where professional upfront demands adaptation to innovative technologies, education and training courses help teachers, educators, professors, and trainers to enhance their teaching or training skills. The MOOC courses also equip the faculty and teaching staff of universities and colleges to understand the modern pedagogical approaches required by the learners. Several companies have formed partnerships with MOOC vendors to equip people with knowledge about, how to implement required skills for competences in particular occupations or more broadly in the labour industry.

North America to hold the largest market size in the MOOC market during the forecast period

North America is expected to hold the largest market size in the MOOC market by region during the forecast period. It is the most advanced region in terms of technology adoption and IT infrastructure. The large presence of key MOOC vendors and the widespread awareness about such platforms would help North America to continue to hold the largest market size during the forecast period.

The MOOC market comprises major solution providers, such as Coursera (US), edX (US), Pluralsight (US), Edureka (India), Alison (Ireland), Udacity (US), Udemy (US), Miríadax (Spain), Jigsaw Academy (India), Simplilearn (US), iversity (Germany), Intellipaat (India), Edmodo (US), FutureLearn (UK), LinkedIn (US), NovoEd (US), Open2Study (Australia), WizIQ (India), Skillshare (US), XuetangX (China), Federica (Italy), Linkstreet Learning (India), Khan Academy (US), and Kadenze (Spain). The report provides in-depth competitive analysis of these key players in the global MOOC market with their company profiles, recent developments, and key market strategies.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

 

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: sales@marketsandmarkets.com

Visit Our Website: https://www.marketsandmarkets.com

Content Source: https://www.marketsandmarkets.com/PressReleases/massive-open-online-course.asp