New York, NY, March 14, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Massive Open Online Course Market by Component (Platform and Services), by Course (Humanities, Computer Science and Programming, Business Management, Science, Health and Medicine, Education and Training, Engineering, and Others), and by User Type (High School, Undergraduate, Postgraduate, and Corporate) Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025’’. According to the report, the global massive open online course market was valued at around USD 3.61 billion in 2018 and is expected to reach approximately USD 25.33 billion by 2025, at a CAGR of slightly above 32.09% between 2019 and 2025.
A massive open online course is a platform that enables users to learn various courses online without any limit on attendance. MOOC is a course that comprises an option of open and free registration with the publicly shared syllabus and flexible outcomes.
Browse through 42 Tables & 30 Figures spread over 145 Pages and in-depth TOC on “Global Massive Open Online Course Market: Size, Trends, Industry Share and Forecast, 2018–2025”.
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The global massive open online course market is primarily driven by growing internet usage and rising adoption of advanced technologies, such as machine learning and artificial intelligence. Additionally, the major IT players, such as Microsoft, offer online courses to understand artificial intelligence through edX to their users. In addition, the growing demand for video-based courses in the corporate sector is also expected to contribute toward the global massive open online course market in the future. The corporate education providers, such as SkillSoft, Udemy, Grovo, BigThink, and Lynda (LinkedIn), focus on offering technical education through excellent content. Contrarily, the lower completion rate of these courses may hamper the massive open online course market over the estimated timeframe. Nonetheless, the growing number of subjects covered by these courses is expected to open new opportunities for the global massive open online course market.
The global massive open online course market is segmented on the basis of component, course, and user type. Based on the component, the market is categorized into platform and services. The platform segment is further classified into XMOOC and CMOOC. The services segment is divided into consulting, implementation, and training and support. The services segment is estimated to grow significantly over the projected time period, owing to its rising adoption in universities and corporates.
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Based on course, the massive open online course market is classified into humanities, computer science and programming, business management, science, health and medicine, education and training, engineering, and others. The education and training segment is expected to show the highest CAGR over the projected time period, owing to the increasing adoption of advanced technologies, such as machine learning and AI.
Major user types of this global market include high school, undergraduate, postgraduate, and corporate. The corporate segment is expected to dominate the market over the forecast time period, owing to the high MOOC adoption as a part of development programs and employee engagement activities by corporates.
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By region, North America held the largest share of the global massive open online course market in 2018 and is expected to dominate over the forecast period as well. This regional growth can be due to the presence of a large number of solution vendors in the U.S. and Canada. In addition, many universities in the U.S. allow massive open online courses to contribute toward the completion of the final degree, which is also contributing to the region’s market growth. Renowned universities, such as the UC San Diego, the Arizona University, and the University of Pennsylvania, offer video games as online learning platform with a multiplayer game interface to support teamwork skills that include shared and communication strategy. Other universities, such as the University of Illinois and Georgia Tech, have announced additional courses with the existing online degree courses. Additionally, the key IT players in the U.S., such as Oracle, Microsoft, SAP, Coursera, edX Inc., and Udacity, offer platforms to learn online courses, which is also contributing to this regional market.
The European massive open online course market is estimated to witness significant growth over the forecast timeframe, due to the initiatives taken by the EADTU (European Association of Distant Learning Universities) for the promotion of MOOC courses in Europe. This, in turn, will collaboratively create and conduct research agenda on MOOC in Europe. Furthermore, the rising adoption of MOOC platforms in various UK colleges has created awareness among the professionals which is likely to drive the European massive open online course market. For instance, Imperial College London has started a massive open online course-based degree game for professionals.
Browse the full “Massive Open Online Course Market by Component (Platform and Services), by Course (Humanities, Computer Science and Programming, Business Management, Science, Health and Medicine, Education and Training, Engineering, and Others), and by User Type (High School, Undergraduate, Postgraduate, and Corporate) Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/massive-open-online-course-market
The Asia Pacific is expected to be the fastest growing region in the global massive open online course market, owing to the presence of a large number of universities and colleges. The emerging economies, such as China and India, are the major contributors to this regional market’s growth. China comprises over 460 colleges and universities and has established over 3,200 online courses with over 55 million users. In addition, around 70% of these courses are offered by the topmost Chinese universities, such as Tsinghua University, Peking University, and Wuhan University. On the other hand, India is also contributing to the growth of the Asia Pacific massive open online course market, owing to the government initiatives, such as the launch of MOOC-based platform—SWAYAM–that provides digital classrooms in remote areas via satellite and internet connectivity. The top institutions like the Indian Institutes of Technology, Jawaharlal Nehru University, and Indian Institutes of Management have come together for SWAYAM and plan to provide 2,000 online courses across the country.
The Latin American market is driven by the rising adoption of massive open online courses platforms by programmers, professionals, schools, and governments. Brazil, Chile, and Argentina are the major contributors and adopters of MOOC in the region. Miríada X is a well-known startup that provides MOOC along with free online courses in the region. It is associated with over 1,200 universities in Latin America, Colombia, Argentina, and Peru along with having around 4 million students enrolled. The Middle Eastern and African market is expected to grow considerably over the forecast time period, owing to the partnerships between the market players to promote MOOC. In December 2018, edX announced a partnership with Qatar Foundation's HBKUto offer courses to millions of students across the world.
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Some key participants operating in the global massive open online course market are Pluralsight, Coursera, EDX, Iversity, Udacity, Linkedin, Futurelearn, Novoed, Udemy, Xuetangx, Alison, Edmodo, Edureka, Federica EU, and Intellipaat, among others.
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The report segments the massive open online course market as follows:
Massive Open Online Course Market: Component Analysis
- Platform
- XMOOC
- CMOOC
- Services
- Consulting
- Implementation
- Training and Support
Massive Open Online Course Market: Course Analysis
- Humanities
- Computer Science and Programming
- Business Management
- Science
- Health and Medicine
- Education and Training
- Engineering
- Others
Massive Open Online Course Market: User Type Analysis
- High School
- Undergraduate
- Postgraduate
- Corporate
Massive Open Online Course Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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