About MOOCs
A Massive Open Online Course (MOOC) provides online courses to learners by offering a flexible and affordable way of learning new skills. Due to cost-effectiveness and flexibility, it is adopted by many users. Availability of different courses and time slots helps to adopt theses ways to learn anything. Many vendors providing MOOCs also have started giving out certifications.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global MOOCs market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Coursera (United States), edX (United States), FutureLearn (United Kingdom), iversity (Germany), MiríadaX (Australia), Udemy (United States), Udacity (United States) and XuetangX (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global MOOCs market by Type (xMOOCs and cMOOCs), Application (Technology subjects, Business and management subjects, Arts and humanities subjects, Science subjects and Other subjects) and Region.
On the basis of geography, the market of MOOCs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by By User, the sub-segment i.e. High-School Students will boost the MOOCs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Popularity of Mobile-Based Compliance Training
Market Growth Drivers:
Acceptance of Cost-Effective Education Platforms and Increasing Requirement for International Training
Challenges:
Language and Translation Barriers and Lack of Personalized Guidance
Restraints:
Lack of Efficient System Support and Low Completion Rate
Opportunities:
Demand for Highly Flexible Learning Courses and Rising Number of Online Learner in Developing Countries
Market Leaders and their expansionary development strategies
In January 2022, Coursera announced partnership with K-MOOC and the National Institute for Lifelong Education. The acquisition will help over 200,000 learners develop the high-demand digital skills needed to advance their education and careers in the new economy and embrace lifelong learning amid rapid transformation.
In July 19, 2022, edX, online learning platform from 2U has launched of two Spark Augmented Reality (AR) courses developed in partnership with Meta, available now on edX.org. The new courses are part of edX’s partnership with Meta Immersive Learning and support its mission to build a learning ecosystem for the metaverse and give professionals broader access to the tools and education needed to build a career in augmented reality.
Key Target Audience
MOOC Training Companies, MOOC Training Providers, Government Agencies, Research Institutes and Organizations, Research Institutes and Consultancy Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.