According to the report by Expert Market Research (EMR), the global massive open online course market share reached a value of USD 8.90 billion in 2022. Aided by rapid adoption of smart devices and expansion of internet coverage, the market is projected to further grow at a CAGR of 27.6% between 2023 and 2028 to reach a value of USD 38.41 billion by 2028.
Massive open online courses are free online courses available to an unlimited number of participants. They are often provided by prestigious universities and offer a wide range of topics, including computer science, business, and arts. Massive open online course plays a critical role in democratising education, enhancing skill sets, and promoting lifelong learning. Apart from their educational benefits, massive open online course also provides flexible and convenient learning options, making them a valuable resource for diverse users, including students, working professionals, and lifelong learners.
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The global massive open online course market growth is expected to be driven by the increasing demand for online education, the expanding applications of MOOCs, and the growing need for affordable educational solutions. The growing preference for online education is propelling the market demand. With the increasing awareness of the advantages of online learning, such as flexibility, convenience, and wide course availability, there has been a significant shift towards massive open online course. Additionally, the rising trend of upskilling and reskilling, driven by technological advancements and evolving job requirements, has further contributed to the popularity of massive open online courses.
The expanding applications of massive open online course in various sectors also play a significant role in accelerating the massive open online course market development. In the corporate sector, MOOCs are used for employee training and development, enhancing their skills and knowledge to meet industry needs. The educational sector utilises MOOCs to supplement classroom teaching and offer a diverse range of courses. Furthermore, MOOCs are increasingly used in government and non-profit sectors for public education initiatives.
Moreover, the growing demand for cost-effective education solutions has led to an increased focus on massive open online course. With the rise in tuition fees and the increasing popularity of lifelong learning, MOOCs have emerged as a crucial component in providing affordable and accessible education to a broad demographic, thereby boosting the massive open online course expansion.
Market Segmentation
The market can be divided based on component, student served, subjects, and region.
Market Breakup by Component
- Platform
- cMOOC
- xMOOC
- Services
Market Breakup by Student Served
- Junior High School
- Post Graduate
- Corporate
- Under Graduate
- High School
Market Breakup by Subjects
- Business Management
- Computer Science and Programming
- Science
- Humanities
- Healthcare and Medicine
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global massive open online course companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Udemy, Inc.
- Coursera Inc.
- Udacity Inc.
- edX Inc.
- Pluralsight LLC.
- Linkedin Learning
- Skillshare, Inc.
- Study.com, LLC
- Swayam Inc.
- Domestika Inc.
- Others
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