Massive Open Online Course (MOOC) market to grow at healthy 35% CAGR through 2029
The global MOOC market is valued at less than US $ 3 billion in 2019, it is well positioned to exceed US $ 60 billion by the end of the forecast period.
ROCKVILLE, MARYLAND, USA, December 21, 2021 /EINPresswire.com/ – MOOC market is gaining traction with flexible learning and availability of micro and nano courses as engagement and development programs employees.
Fact.MR, in its recently released report, reveals that the MOOC market will reach a valuation of around US $ 65 billion by 2029. MOOCs have been widely adopted in various companies due to strong consumer interest. for convenient and portable learning options. The rapidly growing costs of education and the increased demands on higher education to obtain employment create a demand for an economical education system. This in turn gives a boost to the growth of the MOOC market during the forecast period.
The Demand Analysis of Massive Open Online Courses (MOOCs) Market offers a comprehensive analysis of the various features, demand, product developments, revenue generation and sales of the Open Online Courses Market and massive (MOOC) across the world.
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Key segments of the MOOC market
Fact.MR’s study of the MOOC market offers information divided into six key segments: customer category, primary purpose, program, course, model, and region. This report offers comprehensive data and information on market dynamics and important growth parameters associated with these categories.
Business / Corporate
Online upgrading and certification
Language and occasional learning
Preparing for the test
Certificate and professional program
Bachelor and Master programs
Data Science / Programming / Computer Science
Educational & Teaching
Health and medicine
Others (Law, Language, etc.)
A full estimate of the Massive Open Online Course (MOOC) market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the Massive Open Online Course (MOOC) sales during the period. forecast. The comparison of prices by region with the world average price is also taken into account in the study.
The Massive Open Online Courses (MOOCs) market study offers a comprehensive analysis of various features including the analysis of Massive Open Online Courses (MOOCs) production capacity, demand, product developments, the revenue generation and size of the massive open online course (MOOC) market across the globe.
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Some notable offerings from the Fact.MR report in the Massive Open Online Course (MOOC) Market:
Fact.MR will provide you with an analysis of the extent to which this Open Online Course (MOOC) market research report acquires business characteristics along with examples or instances of information that helps you better understand it. .
Fact.MR will also help identify usual / standard terms and conditions, like offers, value, warranty and others.
In addition, this report will help you identify trends to forecast growth rates.
The analyzed report will forecast the general trend of supply and demand.
Course differentiation and regional language offerings will be key strategies in the market
A large majority of MOOC players have similar business models that target the same market share. The global market is characterized by cMOOC and xMOOC, and companies offer solutions within these frameworks. The only advantage of these companies is the collaboration and enrollment threshold, which is also volatile in nature.
The main differentiation strategy adopted by MOOC providers is course differentiation and language-based MOOC offering. Suppliers are also partnering with regional universities to enhance their regional presence.
Some of the insights and estimates from the Open Online Course (MOOC) market that makes this study unique in approach and effective in guiding stakeholders in understanding growth dynamics. The study provides:
Details regarding the latest innovations and developments in the Open Online Course (MOOC) and how it is gaining popularity with clients during the forecast period.
Analysis of customer demand for products and how it is likely to evolve in the years to come.
Latest regulations enforced by government bodies and local agencies and their impact on the massive open online course (MOOC) demand market.
Information on the adoption of new technologies and its influence on the size of the Massive Open Online Courses (MOOCs) market.
Overview of the impact of COVID-19 on the open online course (MOOC) market and the economic disruption caused by the pandemic.
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Certificates or study programs, what is a handy fruit?
Another essential aspect of the global MOOC market is the type of programs offered by the vendors. Certificate and professional programs as well as diplomas and masters programs are two essential categories of programs offered in the existing MOOC business model.
MOOC providers are also exploring and experimenting with programs to attract new registrations, although a majority of new programs can be broadly integrated into these two categories.
For MOOC providers, these two programs are essential as there is an equal contribution from both segments, and ultimately the growth rates for both are also synchronized, pushing providers to prioritize these two programs at the same level of strategy.
Key points of the MOOC market
In 2018, Business & Management courses generated more than 17% of revenue in the market, due to the high cost of graduating from the world’s leading business schools. However, the cost is still lower than that of regular academic courses.
Over 950 universities have seamlessly integrated with MOOC providers, of which nearly 250 universities offer more than 10 different courses. The number of universities offering more than 100 courses was less than 25 until 2019
Over the past 3 years, with the addition of over 2,200 courses per year, the overall MOOC offer has grown from approximately 1,050 courses in 2014 to over 11,000 courses in 2018.
MOOC providers that have a strong market presence generate 30% more revenue, while emerging providers show over 40% revenue generation growth in 2018.
Overall, the MOOC market is likely to create an absolute value opportunity of over US $ 62 billion over the forecast period, adding 20 times more value in 2029 compared to 2019.
After reading the market information of the Massive Open Online Course (MOOC) report, readers may:
Understand the drivers, restraints, opportunities and trends affecting market sales.
Analyze the key regions holding a significant share of the total revenue of the Massive Open Online Courses (MOOCs) Market.
Study the growth prospects of Massive Open Online Courses (MOOCs) market scenario including production, consumption, history, and forecast.
Learn about the consumption pattern and impact of each end use and supply analysis of the Massive Open Online Course (MOOC) market.
Investigate the recent R&D projects carried out by each market player and analyze the competition from players in the Massive Open Online Courses (MOOCs) market.
Read more trend reports from Fact.MR: -https: //www.globenewswire.com/en/news-release/2018/02/20/1361635/0/en/5-Key-Insights-on-How -Lifesciences- Enterprise-Storage-Market-will develop-globally-during-2017-2026-by-Fact-MR.html
How Fact.MR is helping to take strategic action for the Manufacturer of the Massive Open Online Courses (MOOCs) Market?
The data provided in the Massive Open Online Courses (MOOCs) Market report offers a comprehensive analysis of significant industry trends. Industry players can use this data to strategize their potential trade movements and generate remarkable revenue over the coming period.
The report covers price trend analysis and value chain analysis as well as the analysis of the diverse supply of market players. The primary motive for this report is to help companies make data-driven decisions and strategize for their trade movements.
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