Press release
Massive Open Online Course (MOOC) Market Size is Calculated to Advance at a CAGR of 32% through 2034
The global massive open online course (MOOC) market size is calculated to advance at a CAGR of 32% through 2034, which is set to increase its market value from US$ 13.2 billion in 2024 to US$ 212.7 billion by the end of 2034.Massive open online course demand is experiencing significant growth due to digital advancements and the increasing availability of language courses. Market expansion is also being fueled by the shifting demand of students toward digital learning, which aids in personalizing education. Tools such as Microsoft Teams, Zoom, and Google Meet have made it easier for students to reach tutors and advance their level of education.
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A massive open online course (MOOC) is a web-based distance learning program designed for the participation of large numbers of geographically dispersed students. Massive Open Online Courses (MOOCs) are open-access online courses that anybody can enroll for. MOOCs offer anyone an inexpensive and flexible opportunity to learn new skills. The market for MOOCs is primarily determined by a variety of industry factors, as well as the growing importance of online learning around the world.
Digital advancements in online courses over the past decade have boosted the growth of the massive open online course market substantially. Advantages such as lesser cost, availability in different languages, availability of demo classes, special attention to every student, open for everyone, and others are fuelling the demand for massive open online courses worldwide.
Key Takeaways from Market Study
The global sales of MOOC exceeded US$ 7.55 Bn by the end of 2021.
The sales of MOOC are expected to exceed US$ 152 Bn by registering a CAGR of 35% through the forecast period 2022-2032.
Asia Pacific is expected to hold more than 40% market share for MOOC courses.
North America is expected to hold more than 45% market share in the upcoming assessment period.
The global MOOC market report provides a systematic study to the stakeholder on numerous parameters of growth such as competitive scenario, regional assessment, and notable trends. The researchers have closely studied and monitored the COVID-19 impact on the MOOC market and have been inculcated in the report. Furthermore, the report also highlights the pain points so that the stakeholder can design the business strategy accordingly.
MOOC ((Massive Open Online Course) Market: Competitive Scenario
The MOOC market comprises numerous players that invite considerable competition. The players in the MOOC market are trying to upgrade their services and features to facilitate a seamless experience for the end-user. The government support for the efficient functioning of MOOCs through expanding broadband connectivity across remote and rural regions is also bringing considerable growth opportunities for the MOOC market to magnify its consumer base.
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Competitive Landscape -
In October 2021, Alison announced free skill training to learners for to meet US apprenticeship surge. The company is offering 25 courses that focus on providing job offers to learners.
Miríada X, a regional MOOC provider offers more than 490 courses in Spanish & Portuguese, created by the leading universities in Spanish and Portuguese speaking countries.
Key Segments Covered in the MOOC Industry Report
By Customer Category :
Individual MOOC
Enterprise/Corporate MOOC
MOOCs for Small Enterprises
MOOCs for Medium Sized Enterprises
MOOCs for Large Enterprises
MOOCs for Educational Institutes
By Primary Objective :
MOOCs for Reskilling & Online Certification
MOOCS for Language & Casual Learning
MOOCs for Supplemental Education
MOOCs for Higher Education
MOOCs for Test Preparation
By Program :
Certificate & Professional Program MOOCs
Degree & Master Program MOOCs
By Course :
Business & Management MOOCs
Data Science/ Programming/ Computer Science MOOCs
Science (Pure) MOOCs
Social Science MOOCs
Humanities MOOCs
Health & Medicine MOOCs
Mathematics MOOCs
Art & Design MOOCs
By Model :
xMOOC
cMOOC
By Region :
North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia & Pacific
Middle East & Africa
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