Massive Open Online Course Market - Global Industry Analysis

Massive Open Online Course Market

Global Massive Open Online Course Market: Size, Trends, Industry Share and Forecast, 2018–2025

Category: Technology & Media Report Format : PDF Pages: 145 Report Code: ZMR-677 Published Date: Mar-2019 Status : Published

Massive Open Online Course Market

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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. MOOC combines online resources and social networking facilitated by practitioners from various fields. MOOC offers many interactive courses to enable interactions among professors, students, and teaching assistants.

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.

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. 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. Major user types of this global market include high school, undergraduate, postgraduate, and corporate.

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. The European massive open online course market is estimated to witness significant growth over the forecast timeframe, due to the initiatives taken by the European Association of Distance Teaching Universities for increasing student awareness and partnering with leading universities to promote MOOC. Asia Pacific is expected to be the fastest growing region in the global massive open online course market, owing to a large number of universities and colleges supporting MOOC courses.

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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