The global Massive Open Online Courses (MOOCs) market is expected to grow at a significant CAGR during the forecast period (2024-2031). The major factors propelling the growth of the global MOOCs market include the rising adoption of remote learning and rising internet penetration. According to the International Telecommunication Union (ITU) data 2021, more than 75% of the total population has an active broadband subscription globally, and more than 57% of the households have an internet connection at home. Additionally, the rising smartphones accessibility will propel the growth of the market. According to the Consumer Technology Association (CTA) approximately 165 million units of a smartphone was estimated to be sold in 2020 with a rise of 2% from 2019.
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A massive open online course (MOOC) is a free web-based distance learning program aimed at huge groups of students globally. MOOCs are online courses that students can take from anywhere in the world. These courses usually comprise standard classroom content that is made available online. The covid-19 pandemic had a positive impact on the global MOOC market, as the mode of reduction shifted towards the online from onsite, which gave the chances to students to utilize the MOOC platforms.
Several major players in the market are strengthening their market presence by adopting various strategies such as product launches & developments, mergers and acquisitions, partnerships, and agreements. For instance, in May 2020, edX Inc. Introduced a global initiative to assist universities with the issue of implementing engaging online teaching and learning. Colleges are making arrangements for the upcoming semester, when the vast majority of campuses are going to be completely or mostly closed, due to edX, which is providing free access to abilities and content. The company’s brand will be strengthened as a result of this introduction in the MOOC market.
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Market Coverage
- Segment Covered-
o By Components
o By Student Served
o By Subjects
- Competitive Landscape- Udacity, Inc, Federica Web Learning, edX Inc, Coursera Inc, Udemy, Inc, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Massive Open Online Courses (MOOCs) Market by Segments
By Component
- Platform
- Services
By Student Served
- Junior High School
- Post Graduate
- Corporate
- Under Graduate
- High School
By Subjects
- Business Management
- Computer Science & Programming
- Science
- Sociology & Philosophy
- Humanities
- Education & Training
- Healthcare & Medicine
- Arts & Design
- Mathematics
- Foreign Language Learning
- Others
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