Global Massive Open Online Courses Market Report 2022
The major players in the massive open online course market are Alison, Coursera Inc, Federica. UE, FutureLearn, Instructure, Intellipaat, Iverity, Jigsaw Academy, Kadenze Inc., LinkedIn Learning, Miriada X, NovoEd Inc.
New York, Oct. 20, 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces the Release of “Massive Open Online Course Global Market Report 2022” – https://www.reportlinker.com/p06351339/?utm_source=GNW
, Pluralsight Inc., Simplilearn, Skillshare Inc, Udacity India Private Limited, Udemy Inc, MOOC-CN Information Technology (Beijing)Co. Ltd., Blackboard Inc., Canvas Network Inc., Wiziq, Linkstreet Learning Private Limited and Open2study.
The massive global open online course market is expected to grow from $9.38 billion in 2021 to $12.60 billion in 2022 at a compound annual growth rate (CAGR) of 34.3%. The market is expected to reach $40.61 billion in 2026 at a compound annual growth rate (CAGR) of 34%.
The massive open online courses market consists of the sale of massive open online courses by entities (organizations, sole traders, and partnerships) that are used to provide a cost-effective and flexible method for learning new skills, enhancing careers, and delivering high level services. quality educational experiences at scale. The Massive Open Online Course is a free, web-based distance learning program designed for massive groups of students from diverse locations.
It offers easily accessible online materials produced by subject matter experts in their respective fields of study.
The main types of components of a massive open online course are XMOOC platforms and CMOOC platforms. The XMOOC platform is used on very large MOOC platforms, using specially designed platform software that allows the registration of a very large number of participants, allows software providers to collect and analyze data students, and enables the storage of digital documents on demand and the automation of assessment procedures.
The different courses include Humanities, Computer Science and Programming, and Business Management, which are used by multiple end users, such as high schools, undergraduates, postgraduates, and businesses. .
North America was the largest region in the massive open online course market in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period.
Regions covered in the massive Open Online Courses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle- East and Africa.
The massive Open Online Courses Market research report is part of a series of new reports that provide massive statistics on the Open Online Courses market, including massive global market size of the industry Open Online Courses, Regional Shares, Competitors with Massive Open Online Courses Market Share, Massive Detailed Information Open Online Courses Market Segments, Market Trends and Opportunities, and All Data extras you might need to thrive in the massive open online course industry. This Anomaly Detection Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of current and future industry scenarios.
A growing preference for online learning across the globe is contributing to the growth of the massive open online course market. E-learning refers to education delivered through the Internet.
It is a learning environment that uses the Internet to connect students from diverse backgrounds and perspectives using computers, laptops, cell phones, and high-speed Internet connections. Due to the rise of the Internet and new technologies and the online education revolution, the preference for learning is shifting from a traditional learning environment to an online learning environment, which which is driving demand for a massive open online course market.
For example, according to the impact report published by Coursera, a US-based online education services company, in 2020, online course enrollment grew by 32% and peaked at 189 million. registrations. Hence, the growing preference for online learning across the globe is contributing to the growth of the massive open online course market.
Innovative new products have emerged as the key trend gaining popularity in the massive open online course market. Major companies operating in the massive and open online course industry are focusing on introducing innovative products to strengthen their position in the market.
For example, in 2020, Udacity, an online learning platform company based in the United States, launched a new range of MOOCs (Massive Open Online Courses) on a variety of subjects, including HTTP and web servers, stand-alone foundations and iOS apps. make courses focused on the decentralization of learning.
In July 2021, 2U Inc., a US-based educational technology company, acquired edX for $800 million. The acquisition aims to strengthen 2U Inc.’s capabilities and create opportunities to reach and serve more students and universities around the world. EdX is a US-based nonprofit open-source e-learning platform company that offers online courses from over 130 member institutions.
The countries covered in the massive Open Online Courses Market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea South, the United Kingdom and the United States.
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