Massive Online Open Courses (MOOCs) Market Size, Revenue Analysis, Industry Outlook, Forecast, 2020-2027 – Eudaemonia

The Global Massive Online Open Course (MOOC) Market is expected to reach $ 42.97 billion by 2026, according to a new report from Reports and Data. A Massive Open Online Course (MOOC) is a kind of online course that provides open access and interactive participation to interested applicants via the Internet. MOOCs provide participants with course materials that are typically used in a conventional educational setting, such as lectures, study materials, videos, and problem sets. In addition to this, MOOCs provide interactive user forums, which are extremely useful in building a community for students, teaching assistants, and faculty.

The easy availability, accessibility and affordability of MOOC is estimated to drive market demand during the forecast period. MOOCs, primarily xMOOCs, offer high-quality content from some of the world’s top universities for free to anyone with a computer and internet connection. This in itself is an amazing value proposition, and therefore MOOCs are an incredibly valuable addition to the educational offering.

Strong demand for MOOCs from the corporate sector is expected to drive market demand. MOOCs have gradually evolved to provide content relevant to the world of work with course topics ranging from machine learning and Java programming to communication and leadership. As corporate employees are already using MOOCs to acquire and update their professional skills and improve their career prospects on their own, companies have an untapped opportunity to harness this type of learning method to serve organizational goals. Some companies recognize this and have started working with MOOC providers to improve employee training. AT&T, L’Oréal, GE and Marks & Spencer are notable examples. Others, like McKinsey, Tenaris and Microsoft even produce their own MOOC content on business management, humanities, technology and finance, among others for the public.

In April 2019, Coursera, a leading player in the MOOC market, had raised USD 103.0 million from two of its current investors and a new one, the SEEK Group, an Australian jobs platform with a company that helps universities take their academic programs online. .

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Key companies operating in the market: Canvas Networks Inc., edX Inc., Udacity Inc., Coursera Inc., Udemy Inc., Intellipaat, Edureka, Khan Academy, Pluralsight and FutureLearn, among others.

Market Snapshot:

The increasing adoption of technologically upgraded and advanced devices among users and the increasing penetration of internet has led to the generation of massive amount of data in various sectors and industries. The growing demand for improved data security and privacy has contributed to the growth in market revenue. In addition, the growing application of Internet of Things (IoT) and the use of business intelligence have further fueled the growth of the market. Developments in various segments such as internet, wireless networks, computers, software, social networks, and other services have impacted the growth of the information and communication technology market.

ICT refers to the fusion of media technology with computer networks through cables or link systems. The main emerging trends such as the use of IoT, media systems and information and communication technologies in different sectors such as agriculture, financial services and meteorological data collection, among others, have also boosted revenue growth. The advent of artificial intelligence and robotics has further evolved the ICT sector.

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Report preview:

The report further segments the global Massive Online Open Courses (MOOCs) market on the basis of

Type Outlook (Revenue, Million USD; 2016-2026)

Outlook Vendor Type (Revenue, USD Million; 2016-2026)

  • Private enterprise
  • University
  • Government

Topic Type Outlook (Revenue, USD Million; 2016-2026)

  • Engineering and technology
  • Business Management
  • Science
  • Humanities and Social Sciences
  • Others

End User Outlook (Revenue, USD Million; 2016-2026)

  • High school students
  • Students
  • Graduates
  • Companies

The major players dominating the global Massive Online Open Course (MOOC) Market are focusing on the development and advancement of software and security technologies to meet growing consumer demand. Factors such as rapid economic growth, changing consumer preferences, and rapidly changing market dynamics have also accelerated the market revenue growth. The report sheds light on key strategic initiatives such as mergers and acquisitions, collaborations, partnerships, product launches, corporate agreements and agreements entered into by key companies. The report also offers information on market share, market size, and revenue growth in key regions around the world.

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The regional analysis covers:

  • North America
  • Europe
    • Russia
    • UK
    • Germany
    • France
    • BLESS
    • The rest of europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of the APAC
  • Latin America
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of the MEA

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