The Massive Open Online Course by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Massive Open Online Course , The massive open online course market size has grown exponentially in recent years. It will grow from $16.88 billion in 2023 to $22.61 billion in 2024 at a compound annual growth rate (CAGR) of 34.0%. The growth in the historic period can be attributed to increasing internet penetration, rising demand for skill development, collaborations with universities and institutions, cost-effective education.
The massive open online course market size is expected to see exponential growth in the next few years. It will grow to $73.91 billion in 2028 at a compound annual growth rate (CAGR) of 34.5%. The growth in the forecast period can be attributed to increased focus on lifelong learning, globalization of education, corporate embrace of online learning, government initiatives and support. Major trends in the forecast period include technological advancements, micro-credentials and specializations, personalized learning paths, gamification and interactive content, emergence of hybrid learning models, focus on soft skills, global collaboration and cross-cultural learning, blockchain for credentialing, continuous industry-relevant content updates.
A growing preference for online learning across the globe is contributing to the growth of the massive open online course market. Online learning refers to education delivered through the internet. It is a learning environment that uses the internet to connect students from various backgrounds and viewpoints using computers, laptops, cell phones, and high-speed internet connections. Due to the rise of the internet and new technologies and the revolution of online education, the preference for learning is shifting from traditional to an online learning environment, which drives the demand for a massive open online course market. For instance, in January 2022, according to The World Economic Forum, a Switzerland-based nongovernmental organization, 92 million students registered for Coursera’s online courses in 2021, an increase of 29% compared to 2020, when 71 million students registered for online courses. Therefore, the growing preference for online learning across the globe is contributing to the growth of the massive open online course market.
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The massive open online course market covered in this report is segmented –
1) By Component: XMOOC Platforms, CMOOC Platforms
2) By Course: Humanities, Computer Science And Programming, Business Management
3) By End User: High Schools, Undergraduate, Postgraduate, Corporate
New innovative products have emerged as the key trend gaining popularity in the massive open online course market. Major companies operating in the massive open online courses sector are focused on introducing innovative products to strengthen their market position. For instance, in January 2023, the European Centre for Medium-Range Weather Forecasts (ECMWF), a Europe-based independent intergovernmental organization, introduced a massive open online course (MOOC) focused on machine learning in weather and climate. This free online training program is designed for a global audience and offers diverse elements suitable for varying levels of expertise. Its primary aim is to educate a broader community about the significance and application of machine learning in the realm of numerical weather and climate predictions.
The massive open online course market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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