What is MOOCs Market?
A Massive Open Online Course (MOOC) provides online courses to learners by offering a flexible and affordable way of learning new skills. Due to cost-effectiveness and flexibility, it is adopted by many users. Availability of different courses and time slots helps to adopt theses ways to learn anything. Many vendors providing MOOCs also have started giving out certifications.
The market study is being classified by Type (xMOOCs and cMOOCs), by Application (Technology subjects, Business and management subjects, Arts and humanities subjects, Science subjects and Other subjects) and major geographies with country level break-up.
Coursera (United States), edX (United States), FutureLearn (United Kingdom), iversity (Germany), MiríadaX (Australia), Udemy (United States), Udacity (United States) and XuetangX (China) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global MOOCs market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global MOOCs market by Type, Application and Region.
On the basis of geography, the market of MOOCs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Acceptance of Cost-Effective Education Platforms
- Increasing Requirement for International Training
Market Trend
- Growing Popularity of Mobile-Based Compliance Training
Restraints
- Lack of Efficient System Support
- Low Completion Rate
Opportunities
- Demand for Highly Flexible Learning Courses
- Rising Number of Online Learner in Developing Countries
Challenges
- Language and Translation Barriers
- Lack of Personalized Guidance
In October 2018, edX introduced nine new Master’s degree programs from top global institutions in highly in-demand subjects. This online program builds upon the innovative MicroMasters® program, conceived by MIT.
Key Target Audience
MOOC Training Companies, MOOC Training Providers, Government Agencies, Research Institutes and Organizations, Research Institutes and Consultancy Firms