MOOC Market size was valued at US$ 10.6 Bn. in 2021 and the total revenue is expected to grow at 39.20% through 2022 to 2029, reaching nearly US$ 149.42 Bn.
Global MOOC Market Overview:
The global MOOC market is expected to grow at a CAGR of 39.20% between 2021 and 2029, from an estimated $10.6 billion in 2021 to US$ 77.12 billion by 2029. A massive open online course (MOOC) is a type of online course that enables direct online participation and open access for interested participants. Users of MOOCs can access course resources like lectures, reading lists, videos, and problem sets that are typically found in a traditional educational setting. Interactive user forums are another feature of MOOCs that are very helpful for students, teachers in traditional classrooms, and instructors in creating a community.
Global MOOC Market Dynamics:
With the development of technology and an increase in the use of smartphones, there is a growing demand for open education that is both simple to access for employees and students. In the upcoming years, it is anticipated that this factor will further expand the global MOOC market. These courses promise students a wide range of less expensive and more easily accessible educational alternatives due to the availability of free educational resources and tools in the virtual world.
A recent Class Central analysis identifies Class Central as a company that optimises massive open online courses. In the past year, one-third of all students who have signed up for a MOOC have done so. Coursera, the largest MOOC provider, has nearly quadrupled the amount of creative registered users it had in 2021, going from 8 million to 31 million, a year.
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Global MOOC Market Research methodology:
Top-down and bottom-up approaches are used to estimate and validate the size of the worldwide Global MOOC market. To compile a comprehensive list of functional and pertinent players, players closely adhere to various industry classification criteria. In order to identify the most relevant competitors for the survey in the Global MOOC market, a rigorous validation test is also conducted. With the use of paid databases like Factiva, Bloomberg, etc., priority lists are ordered according to revenue generated based on most recent reporting.
Lastly, the questionnaire was established and particularly created to satisfy all requirements for gathering primary data via previous appointment, focusing on the principal target categories, including This assists us in gathering information on, among other things, player revenue, operational cycle and spending statistics, profit, and product or service growth. The majority of the data—roughly 70–80 percent—is gathered through primary media and then verified using a variety of secondary sources, such as authorities, the World Bank, associations, business websites, SEC filings, OTC BB, USPTO, EPO, annual reports, press releases, etc.
Global MOOC Market Segment:
The global MOOC market is further divided into Platforms and Services based on Component. In 2021, the Platforms segment accounted for the largest market share. Platforms is further divided into the XMOOC and CMOOC segments. The XMOOC configuration is employed on sizable MOOC platforms and is concentrated on a minimal, adaptive support template, with a specific topic professional recording subject matter and scheduling assessments, such as multiple-choice quizzes, programming assignments, or peer-review exercises, for the student group to capture the topic and learn the subject in detail while adjusting to the platform template at the point of registration.
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Global MOOC Market Key players:
Global MOOC Market COVID 19 Impact:
One-third of all MOOC participants will have signed up by 2021. The pandemic caused a surge in interest in online education. Particularly MOOC providers have benefited greatly from the numerous students who have enrolled in their free online courses from renowned universities.
Class Central makes this particularly clear. 40% of users who had previously used Class Central for the first time did so once more this year. In its tenth year, the MOOC initiative has more than 180 million students enrolled, excluding China. In 2021, there will be about 2800 courses, 19 online programmes, and 360 microcredentials available, according to the providers.
Global MOOC Market Regional Analysis:
On the basis of geography, the Global MOOC market is segmented into 5 main regions and they are- North America, Europe, Asia Pacific, the Middle East, Africa, and South America respectively.
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Maximize Market Research provides B2B and B2C research on 6,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Bevera
Nov 24, 2022
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