Massive Open Online Course Market To Reach 20.8 Billion By 2023 At A CAGR Of 40.1%

Posted May 17, 2021 by ICTMarketsandMarkets

Massive Open Online Course Market To Reach 20.8 Billion By 2023 At A CAGR Of 40.1%
According To Research Report "MOOC Market By Component (Platforms (XMASSIVE OPEN ONLINE COURSE And CMASSIVE OPEN ONLINE COURSE), Services), Course (Humanities, Computer Science And Programming, And Business Management), User Type (High School, Undergraduate, Postgraduate, And Corporate) And Region - Global Forecast To 2023", Is Expected To Grow From USD 3.9 Billion In 2018 To USD 20.8 Billion By 2023, At A Compound Annual Growth Rate (CAGR) Of 40.1% During The Forecast Period. Key Growth Factors For The Market Include An Increasing Need For Scalable Open Education, Global Training, And Cost-Effective Education Platforms.

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Corporates Segment To Hold The Largest Market Share In 2018 During The Forecast Period

Corporates Are Increasingly Adopting The MASSIVE OPEN ONLINE COURSE As A Part Of Their Employee Engagement And Development Programs. They Implement MASSIVE OPEN ONLINE COURSE Platforms For Various Purposes, Such As Training And Development, Professional Certification, And Professional Courses, For Developing Their Employees’ Strategical Thinking Abilities And Improving The Production And Brand Value Of The Company. The MASSIVE OPEN ONLINE COURSE Acts As A Cost-Effective Learning Platform To Enhance The Skill Sets Of The Employees And Enables Organizations To Track Their Employees’ Progress. An Organization Can Also Opt For Tailor-Made Courses, Which Can Help The Organization To Meet Its Objectives.

XMASSIVE OPEN ONLINE COURSE Platform To Dominate The Market Owing To High Quality Content From Universities And Supportive Initiatives By Governments

A Majority Of MASSIVE OPEN ONLINE COURSE Providers Are Adopting The XMASSIVE OPEN ONLINE COURSE Platform Over The Other Existing Platforms, Due To The Various Learning Alternatives Being Offered By The Platform. These Alternatives Can Be A Time-Flexible Learning Path, Enabling Learners To Access Learning Resources Whenever Required, Or A Pre-Defined Structure With A Specific Time-Bound Learning And Assessment Path, Or A Combination Of Both. XMASSIVE OPEN ONLINE COURSE Would Probably Tend To Have A Greater Impact On MASSIVE OPEN ONLINE COURSE Due To Its Other Features, Such As Capstone Projects, Real- World Simulation Environment, And High-Quality Content Provided By The Leading Partnering Universities, Courses Provided At A Very Affordable Cost, And Consistent Financial Support For The Development. The Users Are Also Encouraged To Adopt The XMASSIVE OPEN ONLINE COURSE Platform At A Higher Growth Rate Due To The Rise In The College Costs, Followed By The Shrinking Value Of The Undergraduate Degrees.

Education And Training Segment To Grow At The Highest CAGR During The Forecast Period

Education And Training Facilitates Learners With Knowledge, Values, Beliefs, Habits, And Skills And Helps Them Implement The Same In Various Enterprises. In The Era Of Continuous Advancements Where Professional Upfront Demands Adaptation To Innovative Technologies, Education And Training Courses Help Teachers, Educators, Professors, And Trainers To Enhance Their Teaching Or Training Skills. The MASSIVE OPEN ONLINE COURSE Courses Also Equip The Faculty And Teaching Staff Of Universities And Colleges To Understand The Modern Pedagogical Approaches Required By The Learners. Several Companies Have Formed Partnerships With MASSIVE OPEN ONLINE COURSE Vendors To Equip People With Knowledge About, How To Implement Required Skills For Competences In Particular Occupations Or More Broadly In The Labor Industry.

North America To Hold The Largest Market Size In The MASSIVE OPEN ONLINE COURSE Market During The Forecast Period

North America Is Expected To Hold The Largest Market Size In The MASSIVE OPEN ONLINE COURSE Market By Region During The Forecast Period. It Is The Most Advanced Region In Terms Of Technology Adoption And IT Infrastructure. The Large Presence Of Key MASSIVE OPEN ONLINE COURSE Vendors And The Widespread Awareness About Such Platforms Would Help North America To Continue To Hold The Largest Market Size During The Forecast Period.

Market Players

The MASSIVE OPEN ONLINE COURSE Market Comprises Major Solution Providers, Such As Coursera (US), Edx (US), Pluralsight (US), Edureka (India), Alison (Ireland), Udacity (US), Udemy (US), Miríadax (Spain), Jigsaw Academy (India), Simplilearn (US), Iversity (Germany), Intellipaat (India), Edmodo (US), Futurelearn (UK), Linkedin (US), Novoed (US), Open2Study (Australia), Wiziq (India), Skillshare (US), Xuetangx (China), Federica (Italy), Linkstreet Learning (India), Khan Academy (US), And Kadenze (Spain). The Report Provides In-Depth Competitive Analysis Of These Key Players In The Global MASSIVE OPEN ONLINE COURSE Market With Their Company Profiles, Recent Developments, And Key Market Strategies.

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Last Updated May 17, 2021